NMS
StockNuveen Minnesota Quality Municipal Income Fund
One email when a drop — in price or in valuation — is historically rare for NMS. Otherwise we stay quiet.
Bigger than its usual dip. Not yet rare.
Nuveen Minnesota Quality Municipal Income Fund is 15.8% off its high — deeper than its 2.8% average pullback, but it has been through 41 drawdowns before. Not historically significant yet — we'll say so if that changes.
Elevated
Current Drawdown
-15.8%
Days in Drawdown
1842
Avg Max Drawdown
2.8%
Avg Length
61
Drawdown Severity Score™
3.9
NMS - Price & High Water Mark
NMS - 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.
Nuveen Minnesota Quality Municipal Income Fund (NMS) Analysis: Current Drawdown Insights
Nuveen Minnesota Quality Municipal Income Fund is currently in a drawdown that is unusual by its own historical standards. As of 2026-11-11, the stock is trading at $10.63, which represents a 15.8% decline from its all-time high of $12.62. This drawdown has persisted for 1842 days.
NMS by the numbers
- The last time NMS fell this far was the decline that began in Oct 2016. It bottomed at 25% and took 4 years to get back to its high.
- Only 1 decline since 2014 went deeper than today's 16%.
- Over the past 10 years, NMS spent 33% of trading days further below its high than it is now.
- Since 2014, NMS has had 1 decline of 10% or more, and only one of 20% or more.
The Drawdown Severity Score™ for Nuveen Minnesota Quality Municipal Income Fund currently stands at 3.89. A score between 3.0 and 5.0 indicates an elevated drawdown that's larger than this asset's historical averages.
New to drawdowns? Read what a drawdown is.
📜 Historical Drawdown Events
Current drawdown shown in blue. Below are 8 of NMS's larger declines from its 41 tracked pullbacks, newest first.
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2021-10-26 | Ongoing | 1842 days | -15.8% | $12.62 | $10.63 | n/a |
| 2021-06-29 | 2021-09-14 | 78 days | -5.9% | $12.51 | $11.77 | $12.61 |
| 2021-05-05 | 2021-06-23 | 50 days | -5.2% | $12.50 | $11.86 | $12.51 |
| 2020-08-20 | 2020-10-27 | 69 days | -7.3% | $11.05 | $10.24 | $11.13 |
| 2016-10-03 | 2020-08-06 | 1404 days | -25.1% | $10.87 | $8.14 | $10.88 |
| 2016-08-16 | 2016-09-30 | 46 days | -4.3% | $10.60 | $10.15 | $10.87 |
| 2015-03-19 | 2016-01-29 | 317 days | -7.3% | $8.78 | $8.13 | $8.81 |
| 2014-11-07 | 2015-01-27 | 82 days | -6.3% | $8.58 | $8.04 | $8.59 |
| 2014-10-16 | 2014-11-06 | 22 days | -5.6% | $8.44 | $7.97 | $8.58 |
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).
Know the Moment Severity Changes
Since 2016, 76% of 1,140 Strong Buy and Ultra Buy alerts are in profit, up 208% on average vs 142% for the S&P 500 over the same windows (typical alert +86% vs +112%).
See every alert, losers included • Simulated, past results do not predict future results
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Or explore current drawdowns:
NMS Price History and Drawdown Data
Latest price
$10.63
High-water mark
$12.62
Current drawdown
-15.8%
Days in drawdown
1,842
What History Says About NMS
Nuveen Minnesota Quality Municipal Income Fund has dropped 5%+ from its high 7 times in its tracked history. These events lasted an average of 289 days with an average max drop of -9.0%.
The current drawdown of -15.8% has lasted 1,842 days, which is 6.4x the average duration of comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Oct 2016 to Aug 2020 | -25.1% | 1404 days |
| Aug 2020 to Oct 2020 | -7.3% | 69 days |
| Mar 2015 to Jan 2016 | -7.3% | 317 days |
| Nov 2014 to Jan 2015 | -6.3% | 82 days |
| Jun 2021 to Sep 2021 | -5.9% | 78 days |
| Oct 2014 to Nov 2014 | -5.6% | 22 days |
Past Strong Buy alerts for NMS
Simulated from our published thresholds, one alert per drawdown episode. Prices through Nov 11, 2026. Past results do not predict future results.
| Alert date | Level | Price at alert | Return to date | S&P 500, same window | vs S&P 500 |
|---|---|---|---|---|---|
| Oct 27, 2022 | Strong Buy | $8.36 | +27% | +108% | Lagged |
Put NMS on your shopping list
We stay quiet on normal days. One free email on the rare day Nuveen Minnesota Quality Municipal Income Fund falls further than it almost ever falls — the day that may be worth your attention.
Related Articles
NMS Recovers: How This Drawdown Compares to Its Past
Aug 11, 2026 · 5 min read
NMS's 10% Pullback: Historical Context
Jul 31, 2026 · 5 min read
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About this data
- Source
- Adjusted daily closing prices from Yahoo Finance, so splits and dividends don't show up as drops.
- Coverage
- Oct 8, 2014 to Nov 11, 2026, about 12 years. 41 declines from a high recorded for NMS.
- Updated
- After each U.S. trading day closes. This page shows the close of Nov 11, 2026.
- How it's calculated
- A drawdown runs from a closing high to the next new high. See the methodology and how the Severity Score works.
Published by DrawdownAlerts. Historical facts only, not investment advice.