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 | +0.47% | -9.97% | -15.74% | -17.31% | -10.35% | -11.25% | +3.55% | -7.88% | -3.73% | -1.29% |
| Market-price total return | +0.47% | -9.50% | -14.46% | -14.78% | -6.11% | -5.51% | +10.13% | -2.90% | +0.91% | +3.79% |
| NAV return | +2.07% | -4.25% | -11.06% | -11.06% | -11.14% | -11.67% | -3.58% | -7.28% | -3.57% | -1.12% |
| NAV total return | +2.07% | -3.69% | -9.58% | -8.06% | -6.58% | -5.57% | +2.53% | -2.34% | +0.93% | +4.06% |
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 | 0.14% | 0.06% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.13% | 0.07% | as above |
| Volatility, 5 years | 0.14% | 0.07% | as above |
| Maximum drawdown, 3 years | -20.48% | -12.55% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.48 | -0.19 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.69 | -0.25 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 1.16 | — | MUB (U.S. municipal bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.36 | — | 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 Arizona 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.