Nuveen High Yield Municipal Bond Fund Class A (NHMAX) belongs to the High Yield Muni category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NHMAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NHMAX
NHMAX charges 2.00% annually. There are 49 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 0.09% | 17.60B | Nov 2001 | NHMAX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | NHMAX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.60B | Dec 1978 | NHMAX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | NHMAX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | NHMAX vs HIMFX |
Best Risk-Adjusted Alternatives to NHMAX
NHMAX has a PortfoliosLab risk / return rank of 76. There are 36 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 96 | — | Feb 1985 | NHMAX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 95 | — | Apr 1987 | NHMAX vs FHTFX | |
| Invesco Short Duration High Yield Municipal Fund | 94 | — | Sep 2015 | NHMAX vs ISHYX | |
| Columbia High Yield Municipal Fund | 92 | — | Mar 1984 | NHMAX vs SRHMX | |
| Allspring High Yield Municipal Bond Fund | 92 | — | Jan 2013 | NHMAX vs WHYIX |
Top Performing NHMAX Alternatives (YTD)
NHMAX is at 3.84% YTD. There are 6 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 5.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 5.89% | — | Nov 2003 | NHMAX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 4.05% | — | May 2007 | NHMAX vs EWHYX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.97% | — | Jun 2016 | NHMAX vs NHMFX | |
| Columbia High Yield Municipal Fund | 3.92% | — | Mar 1984 | NHMAX vs SRHMX | |
| Nuveen High Yield Municipal Bond Fund | 3.88% | — | Jun 1999 | NHMAX vs NHMRX |
Lowest Volatility Alternatives to NHMAX
NHMAX has 4.37% 1-year volatility. There are 46 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.07%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Lord Abbett Short Duration High Income Municipal B... | 2.07% | — | Jun 2015 | NHMAX vs SDHIX | |
| Redwood Managed Municipal Income Fund | 2.07% | — | Mar 2017 | NHMAX vs RWMIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.26% | — | Jan 2013 | NHMAX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.29% | — | Sep 2015 | NHMAX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.58% | — | Jun 2018 | NHMAX vs TMNIX |
Lowest Drawdown Alternatives to NHMAX
NHMAX has a 1-year max drawdown of -3.58%. There are 44 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.79%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.79% | — | Jan 2013 | NHMAX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | NHMAX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | NHMAX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | NHMAX vs SDHIX | |
| Counterpoint Tactical Municipal Fund | -2.26% | — | Jun 2018 | NHMAX vs TMNIX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, TILIX and span 12 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen Equity Index Fund Class I | Large Cap Blend Equities | 63 | 11.62% | — | Jul 1999 | NHMAX vs TIEIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | 64 | 11.14% | — | Jan 2007 | NHMAX vs QQQX | |
| Nuveen Large Cap Growth Index Fund R6 Class | Large Cap Growth Equities | 19 | 5.24% | — | Oct 2002 | NHMAX vs TILIX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 19 | 6.85% | — | Nov 2005 | NHMAX vs SPXX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 3 | 1.77% | — | Jun 2003 | NHMAX vs JQC | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 16 | 3.86% | — | Mar 2006 | NHMAX vs NSBRX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock/Convertible Bonds | 73 | 1.04% | — | Dec 2006 | NHMAX vs NPSRX | |
| Nuveen Winslow Large-Cap Growth ESG Fund Class I | Large Cap Growth Equities, ESG | 14 | 8.29% | — | May 2009 | NHMAX vs NVLIX | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 79 | 20.62% | — | Dec 1987 | NHMAX vs FASEX | |
| Nuveen Municipal Credit Income Fund | Municipal Bonds | 37 | 3.60% | — | Mar 2001 | NHMAX vs NZF |
Often Compared With NHMAX
Investors most often compare NHMAX with RFM, HIMYX, AMHIX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare NHMAX with Any Fund or Stock
Compare NHMAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NHMAX with funds that move differently
Nuveen High Yield Municipal Bond Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NHMAX.
Explore NHMAX Diversifiers