- Issuer
- Nuveen
- Inception Date
- Jan 22, 2025
- Region
- North America (U.S.)
- Category
- Municipal Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $83M
Share Price Chart
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Performance
NUMI Performance Chart
Nuveen Municipal Income ETF (NUMI) is up 1.7% since the beginning of the year. NUMI is currently trading at $25 per share.
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Returns By Period
Nuveen Municipal Income ETF (NUMI) has returned 1.71% so far this year and 7.21% over the past 12 months.
Nuveen Municipal Income ETF
- 1D
- 0.30%
- 1M
- 1.13%
- YTD
- 1.71%
- 6M
- 1.85%
- 1Y
- 7.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
NUMI Monthly Returns History
Based on dividend-adjusted daily data since Jan 23, 2025, NUMI's average daily return is +0.02%, while the average monthly return is +0.31%. At this rate, an investment would double in approximately 18.7 years.
Historically, 72% of months were positive and 28% were negative. The best month was Sep 2025 with a return of +2.8%, while the worst month was Mar 2026 at -2.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, NUMI closed higher 58% of trading days. The best single day was Apr 14, 2025 with a return of +1.0%, while the worst single day was Apr 7, 2025 at -2.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.82% | 1.35% | -2.20% | 1.15% | 0.38% | 0.24% | 1.71% | ||||||
| 2025 | 0.05% | 1.24% | -1.92% | -0.83% | -0.34% | 1.14% | -1.18% | 0.91% | 2.77% | 1.37% | 0.46% | 0.13% | 3.78% |
Benchmark Metrics
Nuveen Municipal Income ETF has an annualized alpha of 3.39%, beta of 0.04, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since January 23, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (16.64%) than losses (13.00%) - typical of diversified or defensive assets.
- Beta of 0.04 may look defensive, but with R2 of 0.03 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.03 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.39%
- Beta
- 0.04
- R²
- 0.03
- Upside Capture
- 16.64%
- Downside Capture
- 13.00%
Expense Ratio
NUMI has an expense ratio of 0.29%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NUMI ranks 67 for risk / return — better than 67% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Nuveen Municipal Income ETF (NUMI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NUMI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.35 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 2.66 | -0.03 |
| Martin ratioReturn relative to average drawdown | 8.13 | 11.86 | -3.73 |
Dividends
Dividend History
Nuveen Municipal Income ETF provided a 3.65% dividend yield over the last twelve months, with an annual payout of $0.92 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.92 | $0.86 |
Dividend yield | 3.65% | 3.44% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen Municipal Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.34 | ||||||
| 2025 | $0.05 | $0.08 | $0.08 | $0.07 | $0.08 | $0.09 | $0.09 | $0.09 | $0.08 | $0.16 | $0.86 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Nuveen Municipal Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Nuveen Municipal Income ETF was 4.72%, occurring on Apr 11, 2025. Recovery took 104 trading sessions.
The current Nuveen Municipal Income ETF drawdown is 0.45%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -4.72%Apr 2025 | 1mo 8d | 5mo 3d | 6mo 11dMar 2025 - Sep 2025 |
2026 pullback2026 | -2.82%Mar 2026 | 22d | — | 3mo 22dMar 2026 - now |
2025 pullback2025 | -1.02%Dec 2025 | 14d | 1mo 1d | 1mo 15dNov 2025 - Jan 2026 |
2025 pullback2025 | -0.75%Oct 2025 | 2d | 25d | 27dOct 2025 - Nov 2025 |
2025 selloff2025 | -0.66%Feb 2025 | 6d | 9d | 15dFeb 2025 - Feb 2025 |
Drawdown Indicators
| NUMI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.72% | -56.78% | +52.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -9.10% | +6.28% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.45% | -2.49% | +2.04% |
Average DrawdownAverage peak-to-trough decline | -1.36% | -10.72% | +9.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 2.03% | -1.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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