NCHRX Alternatives & Similar Mutual Funds

Nuveen California High Yield Municipal Bond Fund (NCHRX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NCHRX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to NCHRX

NCHRX charges 0.61% annually. There are 237 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
LSMSX	Western Asset SMASh Series TF Fund	0.01%	—	Dec 2015	NCHRX vs LSMSX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	0.05%	12.30B	Sep 1994	NCHRX vs VTMFX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	—	May 2007	NCHRX vs NMTRX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	NCHRX vs FHMIX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	—	Jun 2021	NCHRX vs FSMUX

Best Risk-Adjusted Alternatives to NCHRX

NCHRX has a PortfoliosLab risk / return rank of 81. There are 174 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	100	—	Apr 2022	NCHRX vs DFABX
DFSMX	DFA Short Term Municipal Bond Portfolio	100	—	Aug 2002	NCHRX vs DFSMX
ATOIX	abrdn Ultra Short Municipal Income Fund	99	—	Dec 2002	NCHRX vs ATOIX
FHMIX	Federated Hermes Conservative Municipal Microshort...	99	—	Feb 2021	NCHRX vs FHMIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	99	—	Apr 2016	NCHRX vs TFCYX

Top Performing NCHRX Alternatives (YTD)

NCHRX is at 2.72% YTD. There are 41 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.06%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	11.06%	—	Apr 1998	NCHRX vs NMI
NRK	Nuveen New York AMT Free Quality Municipal Income	10.21%	—	Nov 2002	NCHRX vs NRK
MIY	BlackRock MuniYield Michigan Quality Fund	8.32%	—	Oct 1992	NCHRX vs MIY
AFB	AllianceBernstein National Municipal Income Fund	6.66%	—	Nov 2001	NCHRX vs AFB
MUC	BlackRock MuniHoldings California Quality Fund	6.62%	—	Feb 1998	NCHRX vs MUC

Lowest Volatility Alternatives to NCHRX

NCHRX has 4.13% 1-year volatility. There are 453 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFSMX	DFA Short Term Municipal Bond Portfolio	0.55%	—	Aug 2002	NCHRX vs DFSMX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.56%	—	Apr 2022	NCHRX vs DFABX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.57%	—	Apr 2007	NCHRX vs DFCMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.58%	—	May 2016	NCHRX vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	NCHRX vs USMTX

Lowest Drawdown Alternatives to NCHRX

NCHRX has a 1-year max drawdown of -3.64%. There are 452 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
BATVX	BlackRock Allocation Target Shares	0.00%	—	May 2021	NCHRX vs BATVX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	NCHRX vs ATOIX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	NCHRX vs FHMIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	NCHRX vs TFCYX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	-0.11%	—	Apr 2022	NCHRX vs DFABX

Other Mutual Funds from Nuveen

The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, TILIX and span 11 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
TIEIX	Nuveen Equity Index Fund Class I	Large Cap Blend Equities	63	11.62%	—	Jul 1999	NCHRX vs TIEIX
QQQX	Nuveen Nasdaq 100 Dynamic Overwrite Fund	Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed	64	11.14%	—	Jan 2007	NCHRX vs QQQX
TILIX	Nuveen Large Cap Growth Index Fund R6 Class	Large Cap Growth Equities	19	5.24%	—	Oct 2002	NCHRX vs TILIX
SPXX	Nuveen S&P 500 Dynamic Overwrite Fund	S&P 500	19	6.85%	—	Nov 2005	NCHRX vs SPXX
NHMRX	Nuveen High Yield Municipal Bond Fund	High Yield Muni	79	3.88%	—	Jun 1999	NCHRX vs NHMRX
JQC	Nuveen Credit Strategies Income Fund	Bank Loan	3	1.77%	—	Jun 2003	NCHRX vs JQC
NSBRX	Nuveen Dividend Growth Fund	Large Cap Blend Equities	16	3.86%	—	Mar 2006	NCHRX vs NSBRX
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock/Convertible Bonds	73	1.04%	—	Dec 2006	NCHRX vs NPSRX
NVLIX	Nuveen Winslow Large-Cap Growth ESG Fund Class I	Large Cap Growth Equities, ESG	14	8.29%	—	May 2009	NCHRX vs NVLIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	High Yield Muni	77	2.42%	—	Jan 2013	NCHRX vs NVHIX

Often Compared With NCHRX

Investors most often compare NCHRX with VCLAX, FNMIX, NELIX. These 19 comparison targets span 5 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VCLAX	Vanguard California Long-Term Tax-Exempt Fund Admi...	Municipal Bonds	79	2.18%	6.10B	Nov 2001	NCHRX vs VCLAX
FNMIX	Fidelity New Markets Income Fund	Emerging Markets Bonds	93	4.07%	—	—	NCHRX vs FNMIX
NELIX	Nuveen Equity Long/Short Fund	Long-Short	51	8.13%	—	Dec 2008	NCHRX vs NELIX
FMNDX	Fidelity Conservative Income Municipal Bond Fund I...	Municipal Bonds	98	1.24%	—	Oct 2013	NCHRX vs FMNDX
DMREX	DFA Municipal Real Return Portfolio	Municipal Bonds	95	2.15%	—	Nov 2014	NCHRX vs DMREX
DCARX	DFA California Municipal Real Return Portfolio	Municipal Bonds	95	2.04%	—	Oct 2017	NCHRX vs DCARX
FASEX	Nuveen Mid Cap Value Fund	Mid Cap Value Equities	79	20.62%	—	Dec 1987	NCHRX vs FASEX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	Municipal Bonds	19	1.00%	—	Dec 2017	NCHRX vs APUSX
BMN	Blackrock 2037 Municipal Target Term Trust	Municipal Bonds	10	-0.20%	—	Oct 2022	NCHRX vs BMN
FGNSX	Strategic Advisers Tax-Sensitive Short Duration Fu...	Municipal Bonds	98	1.02%	—	Dec 2017	NCHRX vs FGNSX
NPV	Nuveen Virginia Quality Municipal Income Fund	Municipal Bonds	29	6.33%	—	Mar 1993	NCHRX vs NPV
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	88	2.22%	—	Jun 2012	NCHRX vs FXIEX
FARCX	Nuveen Real Estate Securities Fund	REIT	48	16.76%	—	Jun 1995	NCHRX vs FARCX
DNYMX	DFA NY Municipal Bond Portfolio	Municipal Bonds	99	1.29%	—	Jun 2015	NCHRX vs DNYMX
NUV	Nuveen Municipal Value Fund Inc.	Municipal Bonds	57	3.40%	—	Apr 1987	NCHRX vs NUV
PRMDX	T. Rowe Price Maryland Short-Term Tax-Free Bond Fu...	Municipal Bonds	78	1.06%	—	Jan 1993	NCHRX vs PRMDX
MPA	BlackRock MuniYield Pennsylvania Quality Fund	Municipal Bonds	42	4.82%	—	Nov 1992	NCHRX vs MPA
MQY	BlackRock MuniYield Quality Fund	Municipal Bonds	29	5.45%	—	Jul 1992	NCHRX vs MQY
MUJ	BlackRock MuniHoldings New Jersey Quality Fund	Municipal Bonds	70	6.57%	—	Mar 1998	NCHRX vs MUJ

Compare NCHRX with Any Fund or Stock

Compare NCHRX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Pair NCHRX with funds that move differently

Nuveen California High Yield Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NCHRX.

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Nuveen California High Yield Municipal Bond Fund (NCHRX) Alternatives