NAD
StockNuveen Quality Municipal Income Fund
One email when a drop — in price or in valuation — is historically rare for NAD. Otherwise we stay quiet.
Bigger than its usual dip. Not yet rare.
Nuveen Quality Municipal Income Fund is 21.7% off its high — deeper than its 1.9% average pullback, but it has been through 195 drawdowns before. Not historically significant yet — we'll say so if that changes.
But down is not the same as cheap: Nuveen Quality Municipal Income Fund's P/S Severity Score is 0.0 — its valuation sits in or above its typical range.
Significant
Current Drawdown
-21.7%
Days in Drawdown
1821
Avg Max Drawdown
1.9%
Avg Length
39
Drawdown Severity Score™
4.5
NAD - Price & High Water Mark
NAD - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
Valuation vs Its Own History
Data as of September 8, 2026 · updated daily
Where today's valuation sits within NAD's own multi-year range, scored with the same Drawdown Severity Score language as price, measured from its typical level rather than its record high — a higher score means it has rarely been cheaper. This is context, not a recommendation.
Price to Sales
Nuveen Quality Municipal Income Fund has been cheaper on this measure only about 92% of the time in 13 years of daily history.
Price to Sales history
EV to EBITDA
Nuveen Quality Municipal Income Fund has been cheaper on this measure only about 95% of the time in 12 years of daily history.
EV to EBITDA history · log scale
Nuveen Quality Municipal Income Fund (NAD) Analysis: Current Drawdown Insights
Nuveen Quality Municipal Income Fund is currently in a drawdown that is unusual by its own historical standards. As of 2026-10-07, the stock is trading at $9.93, which represents a 21.7% decline from its all-time high of $12.69. This drawdown has persisted for 1821 days.
Based on its full tracked price history, Nuveen Quality Municipal Income Fund typically experiences drawdowns averaging 1.9% in depth, with an average duration of 39 days. Nuveen Quality Municipal Income Fund has gone through 195 total drawdown events in its tracked history. The largest drawdown on record for Nuveen Quality Municipal Income Fund was 44.8%, beginning in 2007. The longest drawdown duration on record was 1002 days.
The Drawdown Severity Score™ for Nuveen Quality Municipal Income Fund currently stands at 4.55. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 3.0 and 5.0 indicates an elevated drawdown that's larger than this asset's historical averages.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing Nuveen Quality Municipal Income Fund's historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.
📜 Historical Drawdown Events
Current drawdown shown in blue. Showing the most recent and the deepest of 195 tracked pullbacks (66 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2021-10-12 | Ongoing | 1821 days | -21.7% | $12.69 | $9.93 | n/a |
| 2021-08-04 | 2021-09-13 | 41 days | -1.5% | $12.63 | $12.45 | $12.63 |
| 2021-07-27 | 2021-07-30 | 4 days | -0.3% | $12.54 | $12.50 | $12.54 |
| 2021-07-15 | 2021-07-23 | 9 days | -1.2% | $12.47 | $12.32 | $12.47 |
| 2021-07-09 | 2021-07-12 | 4 days | -0.1% | $12.40 | $12.39 | $12.44 |
| 2021-07-06 | 2021-07-08 | 3 days | -0.3% | $12.37 | $12.33 | $12.40 |
| 2021-06-15 | 2021-06-29 | 15 days | -1.1% | $12.21 | $12.08 | $12.26 |
| 2021-06-11 | 2021-06-14 | 4 days | -0.3% | $12.16 | $12.12 | $12.21 |
| 2021-06-08 | 2021-06-09 | 2 days | -0.1% | $12.10 | $12.08 | $12.14 |
| 2021-05-21 | 2021-05-24 | 4 days | -0.1% | $11.83 | $11.82 | $11.85 |
| 2021-05-10 | 2021-05-20 | 11 days | -1.2% | $11.79 | $11.65 | $11.83 |
| 2021-04-27 | 2021-05-05 | 9 days | -0.9% | $11.74 | $11.63 | $11.76 |
| 2021-04-19 | 2021-04-20 | 2 days | -0.1% | $11.65 | $11.64 | $11.68 |
| 2021-02-12 | 2021-04-16 | 63 days | -4.5% | $11.64 | $11.12 | $11.65 |
| 2021-02-08 | 2021-02-09 | 2 days | -0.1% | $11.53 | $11.52 | $11.54 |
| 2021-02-02 | 2021-02-05 | 4 days | -0.4% | $11.51 | $11.47 | $11.53 |
| 2021-01-04 | 2021-02-01 | 29 days | -2.0% | $11.50 | $11.27 | $11.51 |
| 2020-12-28 | 2020-12-29 | 2 days | -0.5% | $11.32 | $11.26 | $11.34 |
| 2020-12-14 | 2020-12-24 | 11 days | -1.4% | $11.30 | $11.14 | $11.32 |
| 2020-12-02 | 2020-12-08 | 7 days | -0.3% | $11.21 | $11.18 | $11.25 |
| 2020-03-09 | 2020-11-16 | 253 days | -25.4% | $10.97 | $8.19 | $10.99 |
| 2020-02-26 | 2020-03-06 | 10 days | -1.5% | $10.85 | $10.69 | $10.97 |
| 2020-02-10 | 2020-02-21 | 12 days | -0.3% | $10.76 | $10.73 | $10.80 |
| 2020-02-04 | 2020-02-07 | 4 days | -0.3% | $10.76 | $10.73 | $10.76 |
| 2020-01-17 | 2020-01-21 | 5 days | -0.1% | $10.58 | $10.57 | $10.60 |
| 2020-01-14 | 2020-01-15 | 2 days | -0.0% | $10.55 | $10.55 | $10.56 |
| 2020-01-08 | 2020-01-09 | 2 days | -0.3% | $10.49 | $10.46 | $10.51 |
| 2019-12-30 | 2020-01-03 | 5 days | -0.5% | $10.44 | $10.39 | $10.46 |
| 2019-12-19 | 2019-12-20 | 2 days | -0.1% | $10.41 | $10.40 | $10.42 |
| 2019-12-16 | 2019-12-17 | 2 days | -0.1% | $10.40 | $10.39 | $10.41 |
| 2019-12-12 | 2019-12-13 | 2 days | -0.5% | $10.40 | $10.34 | $10.40 |
| 2019-12-10 | 2019-12-11 | 2 days | -0.1% | $10.39 | $10.38 | $10.40 |
| 2019-12-05 | 2019-12-06 | 2 days | -0.1% | $10.38 | $10.38 | $10.38 |
| 2019-11-26 | 2019-12-03 | 8 days | -0.6% | $10.31 | $10.24 | $10.33 |
| 2019-09-05 | 2019-11-25 | 82 days | -3.7% | $10.30 | $9.93 | $10.31 |
| 2019-08-30 | 2019-09-03 | 5 days | -0.1% | $10.25 | $10.23 | $10.30 |
| 2019-08-13 | 2019-08-28 | 16 days | -0.4% | $10.22 | $10.18 | $10.23 |
| 2019-08-02 | 2019-08-05 | 4 days | -0.1% | $10.08 | $10.08 | $10.09 |
| 2019-07-25 | 2019-07-29 | 5 days | -0.3% | $10.01 | $9.98 | $10.04 |
| 2019-07-16 | 2019-07-17 | 2 days | -0.1% | $9.94 | $9.93 | $9.96 |
| 2019-07-05 | 2019-07-10 | 6 days | -0.4% | $9.82 | $9.78 | $9.87 |
| 2019-06-26 | 2019-06-27 | 2 days | -0.1% | $9.72 | $9.71 | $9.75 |
| 2019-06-11 | 2019-06-24 | 14 days | -0.3% | $9.64 | $9.61 | $9.70 |
| 2019-05-14 | 2019-06-07 | 25 days | -0.9% | $9.60 | $9.51 | $9.62 |
| 2016-08-15 | 2019-05-13 | 1002 days | -15.4% | $9.57 | $8.10 | $9.60 |
| 2016-08-11 | 2016-08-12 | 2 days | -0.4% | $9.53 | $9.49 | $9.57 |
| 2016-08-05 | 2016-08-08 | 4 days | -0.2% | $9.50 | $9.48 | $9.51 |
| 2016-08-02 | 2016-08-03 | 2 days | -0.3% | $9.44 | $9.41 | $9.50 |
| 2016-07-22 | 2016-07-29 | 8 days | -0.6% | $9.42 | $9.36 | $9.43 |
| 2016-07-20 | 2016-07-21 | 2 days | -0.1% | $9.41 | $9.40 | $9.42 |
| 2016-07-12 | 2016-07-19 | 8 days | -2.9% | $9.41 | $9.13 | $9.41 |
| 2015-02-03 | 2015-11-03 | 274 days | -6.1% | $8.07 | $7.57 | $8.08 |
| 2012-12-03 | 2014-12-03 | 731 days | -21.1% | $7.74 | $6.10 | $7.75 |
| 2012-07-27 | 2012-09-25 | 61 days | -4.4% | $7.39 | $7.06 | $7.40 |
| 2012-03-02 | 2012-05-03 | 62 days | -5.9% | $6.88 | $6.48 | $6.88 |
| 2010-09-02 | 2011-11-22 | 447 days | -18.9% | $6.21 | $5.03 | $6.22 |
| 2009-10-09 | 2010-02-01 | 116 days | -8.0% | $5.43 | $5.00 | $5.44 |
| 2007-01-10 | 2009-09-08 | 972 days | -44.8% | $5.17 | $2.85 | $5.18 |
| 2005-09-12 | 2006-08-17 | 340 days | -8.8% | $4.75 | $4.33 | $4.75 |
| 2004-03-10 | 2005-06-02 | 449 days | -17.5% | $4.45 | $3.67 | $4.45 |
| 2003-06-18 | 2004-01-07 | 204 days | -10.1% | $4.18 | $3.76 | $4.22 |
| 2002-10-07 | 2003-05-01 | 207 days | -9.4% | $3.88 | $3.51 | $3.88 |
| 2001-11-07 | 2002-06-07 | 212 days | -9.5% | $3.61 | $3.27 | $3.62 |
| 2001-09-04 | 2001-10-03 | 30 days | -4.4% | $3.50 | $3.35 | $3.50 |
| 2001-03-21 | 2001-04-03 | 13 days | -3.8% | $3.36 | $3.24 | $3.37 |
| 2001-02-08 | 2001-03-02 | 23 days | -5.2% | $3.34 | $3.16 | $3.34 |
| 1999-08-09 | 2000-12-14 | 494 days | -18.9% | $3.06 | $2.48 | $3.07 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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Or explore current drawdowns:
Nuveen Quality Municipal Income Fund (NAD) is trading at $9.93 as of Oct 7, 2026. It is 21.7% below its high of $12.69. The drawdown has lasted 1,821 days. Severity score: 4.5 (Significant).
NAD Price History and Drawdown Data
Latest price
$9.93
High-water mark
$12.69
Current drawdown
-21.7%
Days in drawdown
1,821
This NAD page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Nuveen Quality Municipal Income Fund drawdowns.
What History Says About NAD
Nuveen Quality Municipal Income Fund has dropped 10%+ from its high 8 times in its tracked history. These events lasted an average of 569 days with an average max drop of -21.5%.
The current drawdown of -21.7% has lasted 1,821 days, which is 3.2x the average duration of comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Jan 2007 to Sep 2009 | -44.8% | 972 days |
| Mar 2020 to Nov 2020 | -25.4% | 253 days |
| Dec 2012 to Dec 2014 | -21.1% | 731 days |
| Sep 2010 to Nov 2011 | -18.9% | 447 days |
| Aug 1999 to Dec 2000 | -18.9% | 494 days |
| Mar 2004 to Jun 2005 | -17.5% | 449 days |
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