Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years (ann.) | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | -0.30% | -9.09% | -18.25% | -15.89% | -16.17% | -15.02% | +0.48% | -8.54% | -4.16% | -2.26% |
| Market-price total return | -0.30% | -8.50% | -16.76% | -12.77% | -11.45% | -8.54% | +7.61% | -2.96% | +1.07% | +3.76% |
| NAV return | +1.98% | -4.62% | -11.34% | -11.49% | -11.64% | -12.10% | -4.04% | -8.33% | -4.37% | -0.62% |
| NAV total return | +1.98% | -4.00% | -9.68% | -8.13% | -6.54% | -5.26% | +2.50% | -3.08% | +0.49% | +5.24% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.10% | 0.06% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.10% | 0.08% | as above |
| Volatility, 5 years | 0.11% | 0.08% | as above |
| Maximum drawdown, 3 years | -17.24% | -12.44% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.38 | -0.16 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.53 | -0.22 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 1.46 | — | MUB (U.S. municipal bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.62 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for Nuveen California Quality Municipal Income Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.