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NAC correlations (Nuveen California Quality Municipal Income Fund)

Which assets move with NAC and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

10.5%

3y weekly

Beta vs S&P 500

0.21

3y weekly

1-year return

+12.8%

price, adjusted

5-year return

-0.8%

price, adjusted

Dividend yield

7.63%

trailing

Max drawdown

-9.6%

3y, daily closes

NAC over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with NAC

Asset		Correlation (3Y)
MUC	Blackrock MuniHoldings California Quality Fund, Inc.	0.86
MHD	Blackrock MuniHoldings Fund, Inc.	0.83
NAD	Nuveen Quality Municipal Income Fund	0.83
NEA	Nuveen AMT-Free Quality Municipal Income Fund	0.83
IQI	Invesco Quality Municipal Income Trust	0.82

The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from NAC.

Asset		Correlation (3Y)
DFDV	DeFi Development Corp.	-0.33
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.30
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.30

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/nac.json

Correlations, diversifiers, beta and volatility for NAC, plus one endpoint per pair. API documentation.