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 | -1.09% | -7.38% | -12.73% | -14.01% | -8.83% | -8.00% | -0.92% | -4.55% | -2.57% | -1.04% |
| Market-price total return | -1.09% | -7.05% | -11.85% | -12.31% | -6.14% | -4.37% | +2.96% | -0.89% | +1.14% | +3.35% |
| NAV return | +1.17% | -2.48% | -6.38% | -5.97% | -5.77% | -5.56% | -0.80% | -4.15% | -2.02% | -0.30% |
| NAV total return | +1.17% | -2.15% | -5.44% | -4.10% | -2.97% | -1.83% | +2.95% | -0.64% | +1.57% | +4.26% |
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 | 0.13% | 0.04% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.11% | 0.05% | as above |
| Volatility, 5 years | 0.12% | 0.04% | as above |
| Maximum drawdown, 3 years | -14.66% | -7.06% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | -0.04 | -0.26 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | -0.06 | -0.34 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 1.06 | — | MUB (U.S. municipal bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.38 | — | 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 Municipal Value Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.