What if you'd held NAZ?
A $1,000 investment in Nuveen Arizona Quality Municipal Income Fund (NAZ) at the month-end close of 1992-11 would be worth $4,548 at the close of 2026-08 — +354.8% total return, dividends reinvested. The same $1,000 in the S&P 500 would be worth $17,869.
Your scenario
Result
If you'd bought $1,000 at the start of each year
Value of $1,000 invested on January 1 of each year, held to 2026-08, dividends included.
Every year, $1,000 from 1992
| Year | Value of $1,000 | Year return |
|---|---|---|
| 1992 | $1,000 | — |
| 1993 | $993 | -0.7% |
| 1994 | $815 | -17.9% |
| 1995 | $1,000 | +22.7% |
| 1996 | $1,058 | +5.8% |
| 1997 | $1,301 | +22.9% |
| 1998 | $1,478 | +13.6% |
| 1999 | $1,275 | -13.7% |
| 2000 | $1,525 | +19.6% |
| 2001 | $1,645 | +7.8% |
| 2002 | $1,649 | +0.2% |
| 2003 | $1,851 | +12.3% |
| 2004 | $1,848 | -0.2% |
| 2005 | $1,848 | 0.0% |
| 2006 | $1,848 | 0.0% |
| 2007 | $1,750 | -5.3% |
| 2008 | $1,359 | -22.4% |
| 2009 | $2,004 | +47.5% |
| 2010 | $2,091 | +4.3% |
| 2011 | $2,467 | +18.0% |
| 2012 | $2,815 | +14.1% |
| 2013 | $2,355 | -16.3% |
| 2014 | $2,953 | +25.4% |
| 2015 | $3,308 | +12.0% |
| 2016 | $3,199 | -3.3% |
| 2017 | $3,388 | +5.9% |
| 2018 | $2,964 | -12.5% |
| 2019 | $3,504 | +18.2% |
| 2020 | $4,297 | +22.6% |
| 2021 | $4,500 | +4.7% |
| 2022 | $3,275 | -27.2% |
| 2023 | $3,261 | -0.4% |
| 2024 | $3,685 | +13.0% |
| 2025 | $4,130 | +12.1% |
| 2026 | $4,482 | +8.5% |
Best and worst month-end to buy
The best single month-end close to have bought NAZ was 1994-10 ($2.25): $1,000 then is $5,498 today. The worst was 2026-05 ($12.64): $1,000 then is $979.
FAQ
What would $1,000 in NAZ be worth today?
A $1,000 investment in Nuveen Arizona Quality Municipal Income Fund (NAZ) at the start of 1992 would be worth about $4,548 today, a total return of +354.8%. Dividends are reinvested in these figures.
What were the best and worst years for NAZ?
Nuveen Arizona Quality Municipal Income Fund (NAZ)'s strongest calendar year since 1992 was 2009, a +47.5% return — $1,000 held through that year became about $1,475 by year-end. Its weakest year was 2022, at -27.2%.
Does the calculator include dividends and splits?
Yes where available. Prices are adjusted for both stock splits and reinvested dividends (total return), the same measure brokerages use.
How much would $100 per month in NAZ have grown?
Investing $100 at the end of every month since 1992-11 would have grown to about $94,503 on $40,600 invested.
Did NAZ beat the S&P 500?
Over the same period, $1,000 in the S&P 500 index would be worth $17,869. NAZ trailed the S&P 500 by +74.5% in total return.
Is this investment advice?
No. Wall Street Regrets is an entertainment and education tool. Every number is a historical calculation, not a prediction, and past performance never guarantees future results.
Methodology
Nuveen Arizona Quality Municipal Income Fund (NAZ) historical total-return data from 1992-11 to 2026-08, reduced to month-end closes for the tables above.
Returns use adjusted close prices from Yahoo Finance historical data — adjusted for stock splits and reinvested dividends — the same convention used by major brokerages. A "year" scenario invests $1,000 at the prior December's month-end close and values it at the latest available month-end close. Non-USD amounts are converted at historical month-end exchange rates (Yahoo Finance): to USD on the buy date and back to your currency at the latest rate, so the return reflects the currency move as well as the asset.
Month-end resolution means intra-month extremes are not captured in tables; the calculator uses exact trading-day closes where daily data is available. Figures ignore taxes, fees, and the currency effects of non-USD listings. History is not a forecast. Wall Street Regrets is entertainment, not investment advice.
What if you'd held…
Data: adjusted close prices via Yahoo Finance. As of 2026-08. Not financial advice.