WSML vs NKX

Comparison between ISHARES MSCI WORLD SMALL-CAP ETF (WSML, ETF) and Nuveen California AMT-Free Quality Municipal Income Fund (NKX, ETF).

5-Year PerformanceWSML has outperformed NKX, delivering a return of +737.8% compared to -0.4%

WSML vs NKX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	WSML(ETF)	NKX(ETF)
Net Assets	$653M	$654M
Expense Ratio	0.30%	N/A
Max Drawdown	99.98%	48.99%
Sharpe Ratio	1.24	0.73
5Y Beta	0.89	0.13
P/E Ratio	47.14	N/A
Forward P/E	17.47	N/A
5Y Dividends CAGR	N/A	8.20%
P/S Ratio	1.60	N/A
P/B Ratio	2.59	N/A

Net Assets

WSML

$653M

Winner

NKX

$654M

Expense Ratio

WSML

0.30%

NKX

N/A

Max Drawdown

WSML

99.98%

Winner

NKX

48.99%

Sharpe Ratio

Winner

WSML

1.24

NKX

0.73

5Y Beta

WSML

0.89

Winner

NKX

0.13

P/E Ratio

WSML

47.14

NKX

N/A

Forward P/E

WSML

17.47

NKX

N/A

5Y Dividends CAGR

WSML

N/A

NKX

8.20%

P/S Ratio

WSML

1.60

NKX

N/A

P/B Ratio

WSML

2.59

NKX

N/A

WSML vs NKX - Historical Returns

Returns include dividend reinvestment.

Period	WSML	NKX
1 month	+4.54%	+0.33%
3 months	+3.93%	-1.66%
6 months	+7.73%	-1.95%
1 year	+25.29%	+10.58%
5 years(CAGR)	+737.77%	-0.40%
10 years(CAGR)	+127.50%	+1.77%
Max(CAGR)	+56.41%	+4.83%

Winner

WSML

+4.54%

NKX

+0.33%

Winner

WSML

+3.93%

NKX

-1.66%

Winner

WSML

+7.73%

NKX

-1.95%

Winner

WSML

+25.29%

NKX

+10.58%

5Y(CAGR)

Winner

WSML

+737.77%

NKX

-0.40%

10Y(CAGR)

Winner

WSML

+127.50%

NKX

+1.77%

Max(CAGR)

Winner

WSML

+56.41%

NKX

+4.83%

WSML vs NKX - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	WSML	NKX
2026	+17.70%	+2.14%
2025	+29.11%	+4.64%
2024	N/A	+16.57%
2023	N/A	-3.34%
2022	+0.00%	-18.48%
2021	+800.00%	+4.57%
2020	+0.00%	+7.61%
2019	+0.00%	+23.74%
2018	-90.91%	-13.29%
2017	-47.62%	+12.78%
2016	-22.22%	-1.75%
2015	+35.00%	+11.55%
2014	-60.00%	+28.02%
2013	-94.12%	-13.32%
2012	N/A	+6.03%
2011	N/A	+28.66%
2010	N/A	+2.31%
2009	N/A	+26.36%
2008	N/A	-24.06%
2007	N/A	+0.18%
2006	N/A	+14.75%
2005	N/A	+0.57%
2004	N/A	+9.14%
2003	N/A	+0.81%

WSML vs NKX Drawdown Comparison

The maximum drawdown for WSML was -99.98%, occurring on Dec 26, 2018. Recovery took 469 trading sessions.

The maximum drawdown for NKX was -43.86%, occurring on Oct 10, 2008. Recovery took 422 trading sessions.

The current WSML drawdown is -1.18%. The current NKX drawdown is -3.70%.

Rank	WSML	NKX
#1	-99.98% May 29, 2018 - Apr 3, 2025	-43.86% Jan 14, 2008 - Sep 16, 2009
#2	-98.95% Jan 31, 2013 - Apr 2, 2018	-35.62% Nov 12, 2021 - Feb 11, 2026
#3	-75.56% Apr 9, 2018 - May 29, 2018	-27.52% Feb 7, 2020 - Aug 10, 2020
#4	-10.70% Feb 26, 2026 - Apr 17, 2026	-23.95% Nov 30, 2012 - Dec 10, 2014
#5	-8.00% Apr 3, 2025 - Apr 17, 2025	-19.95% Sep 8, 2016 - Jul 19, 2019
#6	-6.46% Oct 27, 2025 - Nov 28, 2025	-19.40% Aug 16, 2010 - Oct 27, 2011
#7	-3.84% Jun 30, 2026 - Aug 4, 2026	-15.06% Jun 13, 2003 - Sep 20, 2004
#8	-3.68% Jul 23, 2025 - Aug 13, 2025	-12.43% Apr 23, 2007 - Jan 14, 2008
#9	-3.48% Oct 6, 2025 - Oct 24, 2025	-9.74% Feb 11, 2026 - Mar 30, 2026
#10	-3.47% May 6, 2026 - May 26, 2026	-9.66% Oct 8, 2009 - Jun 18, 2010
#11	-3.13% May 28, 2026 - Jun 12, 2026	-9.63% Jun 2, 2006 - Oct 4, 2006
#12	-2.50% Apr 17, 2026 - May 5, 2026	-8.70% May 31, 2005 - Jan 23, 2006
#13	-2.45% Dec 11, 2025 - Jan 5, 2026	-7.75% Feb 15, 2012 - May 1, 2012
#14	-2.13% Sep 18, 2025 - Oct 3, 2025	-7.27% Jan 30, 2015 - Oct 8, 2015
#15	-1.99% May 16, 2025 - Jun 3, 2025	-6.76% Mar 14, 2005 - May 31, 2005

Correlation

Correlation between WSML and NKX is 0.51 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.51

-101

Dividend Comparison (2003 - 2026)

WSML vs NKX dividend yield comparison.

Year	WSML	NKX
2026	0.81%	4.91%
2025	2.53%	7.33%
2024	0.00%	6.14%
2023	0.00%	4.38%
2022	0.00%	5.17%
2021	0.00%	4.21%
2020	0.00%	4.05%
2019	0.00%	4.06%
2018	0.00%	5.25%
2017	0.00%	5.06%
2016	0.00%	6.18%
2015	0.00%	5.66%
2014	0.00%	5.24%
2013	0.00%	7.03%
2012	0.00%	5.64%
2011	0.00%	5.62%
2010	0.00%	6.56%
2009	0.00%	5.91%
2008	0.00%	7.35%
2007	0.00%	4.93%
2006	0.00%	4.85%
2005	0.00%	5.87%
2004	0.00%	6.27%
2003	0.00%	5.83%