VFQY vs NQP

Comparison between VANGUARD U.S. QUALITY FACTOR ETF ETF SHARES (VFQY, ETF) and Nuveen Pennsylvania Quality Municipal Income Fund (NQP, ETF).

5-Year PerformanceVFQY has outperformed NQP, delivering a return of +8.2% compared to +1.8%

VFQY vs NQP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VFQY(ETF)	NQP(ETF)
Net Assets	$448M	$447M
Expense Ratio	0.13%	N/A
Max Drawdown	37.66%	52.80%
Sharpe Ratio	1.03	1.59
5Y Beta	0.93	0.14
P/E Ratio	22.99	N/A
Forward P/E	16.68	N/A
5Y Dividends CAGR	12.38%	9.08%
5Y EPS CAGR	19.96%	N/A
Debt to Equity	61.29%	N/A
P/S Ratio	1.83	N/A
P/B Ratio	3.91	N/A

Net Assets

Winner

VFQY

$448M

NQP

$447M

Expense Ratio

VFQY

0.13%

NQP

N/A

Max Drawdown

Winner

VFQY

37.66%

NQP

52.80%

Sharpe Ratio

VFQY

1.03

Winner

NQP

1.59

5Y Beta

VFQY

0.93

Winner

NQP

0.14

P/E Ratio

VFQY

22.99

NQP

N/A

Forward P/E

VFQY

16.68

NQP

N/A

5Y Dividends CAGR

Winner

VFQY

12.38%

NQP

9.08%

5Y EPS CAGR

VFQY

19.96%

NQP

N/A

Debt to Equity

VFQY

61.29%

NQP

N/A

P/S Ratio

VFQY

1.83

NQP

N/A

P/B Ratio

VFQY

3.91

NQP

N/A

VFQY vs NQP - Historical Returns

Returns include dividend reinvestment.

Period	VFQY	NQP
1 month	+1.79%	+3.66%
3 months	+4.86%	+3.34%
6 months	+6.59%	+4.31%
1 year	+18.37%	+16.81%
5 years(CAGR)	+8.18%	+1.80%
10 years(CAGR)	+11.01%	+3.13%
Max(CAGR)	+11.01%	+5.09%

VFQY

+1.79%

Winner

NQP

+3.66%

Winner

VFQY

+4.86%

NQP

+3.34%

Winner

VFQY

+6.59%

NQP

+4.31%

Winner

VFQY

+18.37%

NQP

+16.81%

5Y(CAGR)

Winner

VFQY

+8.18%

NQP

+1.80%

10Y(CAGR)

Winner

VFQY

+11.01%

NQP

+3.13%

Max(CAGR)

Winner

VFQY

+11.01%

NQP

+5.09%

VFQY vs NQP - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VFQY	NQP
2026	+6.33%	+3.66%
2025	+10.45%	+13.80%
2024	+13.50%	+2.62%
2023	+23.09%	+6.47%
2022	-15.77%	-21.77%
2021	+29.41%	+8.19%
2020	+16.57%	+7.04%
2019	+24.76%	+20.03%
2018	-7.84%	-2.21%
2017	N/A	+5.96%
2016	N/A	+0.25%
2015	N/A	+6.09%
2014	N/A	+18.12%
2013	N/A	-17.82%
2012	N/A	+8.75%
2011	N/A	+21.27%
2010	N/A	+7.77%
2009	N/A	+44.63%
2008	N/A	-26.11%
2007	N/A	-0.08%
2006	N/A	+3.60%
2005	N/A	-4.98%
2004	N/A	+6.42%
2003	N/A	+13.32%
2002	N/A	+5.30%
2001	N/A	+10.51%
2000	N/A	+10.51%
1999	N/A	-9.51%

VFQY vs NQP Drawdown Comparison

The maximum drawdown for VFQY was -37.41%, occurring on Mar 23, 2020. Recovery took 159 trading sessions.

The maximum drawdown for NQP was -41.81%, occurring on Oct 10, 2008. Recovery took 380 trading sessions.

The current VFQY drawdown is -1.64%. The current NQP drawdown is -0.50%.

Rank	VFQY	NQP
#1	-37.41% Jan 16, 2020 - Sep 2, 2020	-41.81% Jan 29, 2008 - Jul 31, 2009
#2	-25.93% Nov 16, 2021 - Dec 14, 2023	-32.39% Nov 30, 2021 - Apr 9, 2026
#3	-23.84% Aug 29, 2018 - Dec 12, 2019	-24.68% Dec 3, 2012 - Feb 2, 2015
#4	-20.67% Dec 4, 2024 - Aug 13, 2025	-24.09% Mar 4, 2020 - Dec 30, 2020
#5	-9.35% Sep 2, 2020 - Oct 9, 2020	-17.24% Mar 24, 2004 - Oct 25, 2004
#6	-9.12% Feb 6, 2026 - May 5, 2026	-15.87% Jul 13, 2016 - May 30, 2019
#7	-7.85% Jul 16, 2024 - Aug 23, 2024	-15.04% Nov 8, 1999 - Jul 10, 2000
#8	-6.96% Oct 12, 2020 - Nov 5, 2020	-14.41% Oct 18, 2010 - Jul 11, 2011
#9	-6.84% Mar 12, 2018 - May 16, 2018	-12.69% Feb 9, 2005 - May 2, 2007
#10	-6.49% Mar 28, 2024 - Jul 11, 2024	-11.88% Jun 16, 2003 - Jan 9, 2004
#11	-5.80% Oct 27, 2025 - Dec 3, 2025	-9.80% Mar 4, 2002 - Jul 8, 2002
#12	-5.13% Sep 2, 2021 - Oct 21, 2021	-9.46% Oct 1, 2002 - Apr 1, 2003
#13	-4.79% Mar 15, 2021 - Apr 5, 2021	-8.69% May 7, 2007 - Jan 10, 2008
#14	-4.79% May 7, 2021 - Jun 7, 2021	-8.60% Jul 25, 2000 - Jan 3, 2001
#15	-4.77% Aug 23, 2024 - Sep 19, 2024	-8.51% Sep 7, 2001 - Feb 5, 2002

Correlation

Correlation between VFQY and NQP is 0.64 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.64

-101

Dividend Comparison (1999 - 2026)

VFQY vs NQP dividend yield comparison.

Year	VFQY	NQP
2026	0.27%	2.59%
2025	1.17%	7.87%
2024	1.34%	6.69%
2023	1.38%	3.07%
2022	1.43%	4.89%
2021	0.98%	4.51%
2020	1.22%	4.38%
2019	1.34%	4.23%
2018	1.31%	5.34%
2017	0.00%	5.34%
2016	0.00%	5.67%
2015	0.00%	6.10%
2014	0.00%	6.22%
2013	0.00%	6.90%
2012	0.00%	5.96%
2011	0.00%	6.04%
2010	0.00%	6.61%
2009	0.00%	5.67%
2008	0.00%	7.26%
2007	0.00%	5.00%
2006	0.00%	4.75%
2005	0.00%	6.72%
2004	0.00%	6.88%
2003	0.00%	5.92%
2002	0.00%	6.18%
2001	0.00%	6.12%
2000	0.00%	6.87%
1999	0.00%	1.21%