Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX) 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 NHMFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NHMFX
NHMFX charges 0.69% annually. There are 28 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 | NHMFX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | NHMFX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.60B | Dec 1978 | NHMFX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | NHMFX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | NHMFX vs HIMFX |
Best Risk-Adjusted Alternatives to NHMFX
NHMFX has a PortfoliosLab risk / return rank of 91. There are 11 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 97 | — | Feb 1985 | NHMFX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 96 | — | Apr 1987 | NHMFX vs FHTFX | |
| Invesco Short Duration High Yield Municipal Fund | 96 | — | Sep 2015 | NHMFX vs ISHYX | |
| Columbia High Yield Municipal Fund | 94 | — | Mar 1984 | NHMFX vs SRHMX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 94 | — | May 2007 | NHMFX vs EWHYX |
Top Performing NHMFX Alternatives (YTD)
NHMFX is at 3.76% YTD. There are 3 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 6.14%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 6.14% | — | Nov 2003 | NHMFX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 3.93% | — | May 2007 | NHMFX vs EWHYX | |
| Columbia High Yield Municipal Fund | 3.80% | — | Mar 1984 | NHMFX vs SRHMX | |
| Nuveen High Yield Municipal Bond Fund | 3.66% | — | Jun 1999 | NHMFX vs NHMRX | |
| BlackRock Allocation Target Shares Series E Portfo... | 3.66% | — | Aug 2014 | NHMFX vs BATEX |
Lowest Volatility Alternatives to NHMFX
NHMFX has 4.39% 1-year volatility. There are 48 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 | |
|---|---|---|---|---|---|
| Redwood Managed Municipal Income Fund | 2.07% | — | Mar 2017 | NHMFX vs RWMIX | |
| Lord Abbett Short Duration High Income Municipal B... | 2.07% | — | Jun 2015 | NHMFX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.22% | — | Jan 2013 | NHMFX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.27% | — | Sep 2015 | NHMFX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.58% | — | Jun 2018 | NHMFX vs TMNIX |
Lowest Drawdown Alternatives to NHMFX
NHMFX has a 1-year max drawdown of -3.58%. There are 45 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.71%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Eagle Short Duration High Yield Municipal Fu... | -1.71% | — | Feb 2024 | NHMFX vs FDUAX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.79% | — | Jan 2013 | NHMFX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | NHMFX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | NHMFX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | NHMFX vs SDHIX |
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 | 68 | 11.58% | — | Jul 1999 | NHMFX vs TIEIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | 66 | 11.43% | — | Jan 2007 | NHMFX vs QQQX | |
| Nuveen Large Cap Growth Index Fund R6 Class | Large Cap Growth Equities | 17 | 4.92% | — | Oct 2002 | NHMFX vs TILIX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 23 | 8.47% | — | Nov 2005 | NHMFX vs SPXX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 3 | 2.40% | — | Jun 2003 | NHMFX vs JQC | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 19 | 4.12% | — | Mar 2006 | NHMFX vs NSBRX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock/Convertible Bonds | 75 | 1.04% | — | Dec 2006 | NHMFX vs NPSRX | |
| Nuveen Winslow Large-Cap Growth ESG Fund Class I | Large Cap Growth Equities, ESG | 12 | 7.90% | — | May 2009 | NHMFX vs NVLIX | |
| Nuveen Municipal Credit Income Fund | Municipal Bonds | 40 | 3.51% | — | Mar 2001 | NHMFX vs NZF | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 84 | 20.45% | — | Dec 1987 | NHMFX vs FASEX |
Often Compared With NHMFX
Investors most often compare NHMFX with JEPI, FARCX, STXAX. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare NHMFX with Any Fund or Stock
Compare NHMFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NHMFX with funds that move differently
Nuveen High Yield Municipal Bond Fund Class R6 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NHMFX.
Explore NHMFX Diversifiers