Nuveen High Yield Municipal Bond Fund (NHMRX) 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 NHMRX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NHMRX
NHMRX charges 0.52% annually. There are 7 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 | NHMRX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | NHMRX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.60B | Dec 1978 | NHMRX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | NHMRX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | NHMRX vs HIMFX |
Best Risk-Adjusted Alternatives to NHMRX
NHMRX has a PortfoliosLab risk / return rank of 63. There are 35 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 93 | — | Feb 1985 | NHMRX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 91 | — | Apr 1987 | NHMRX vs FHTFX | |
| Invesco Short Duration High Yield Municipal Fund | 90 | — | Sep 2015 | NHMRX vs ISHYX | |
| Columbia High Yield Municipal Fund | 83 | — | Mar 1984 | NHMRX vs SRHMX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 82 | — | May 2007 | NHMRX vs EWHYX |
Top Performing NHMRX Alternatives (YTD)
NHMRX is at 3.47% YTD. There are 3 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 5.27%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 5.27% | — | Nov 2003 | NHMRX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 3.60% | — | May 2007 | NHMRX vs EWHYX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.49% | — | Jun 2016 | NHMRX vs NHMFX | |
| Nuveen High Yield Municipal Bond Fund Class A | 3.38% | — | Jun 1999 | NHMRX vs NHMAX | |
| Columbia High Yield Municipal Fund | 3.38% | — | Mar 1984 | NHMRX vs SRHMX |
Lowest Volatility Alternatives to NHMRX
NHMRX has 4.40% 1-year volatility. There are 46 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood Managed Municipal Income Fund | 2.01% | — | Mar 2017 | NHMRX vs RWMIX | |
| Lord Abbett Short Duration High Income Municipal B... | 2.06% | — | Jun 2015 | NHMRX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.24% | — | Jan 2013 | NHMRX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.29% | — | Sep 2015 | NHMRX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.55% | — | Jun 2018 | NHMRX vs TMNIX |
Lowest Drawdown Alternatives to NHMRX
NHMRX 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 -1.80%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.80% | — | Jan 2013 | NHMRX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | NHMRX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | NHMRX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | NHMRX vs SDHIX | |
| Counterpoint Tactical Municipal Fund | -2.26% | — | Jun 2018 | NHMRX vs TMNIX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, SPXX and span 13 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen Equity Index Fund Class I | Large Cap Blend Equities | 64 | 10.43% | — | Jul 1999 | NHMRX vs TIEIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | 62 | 9.72% | — | Jan 2007 | NHMRX vs QQQX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 20 | 4.54% | — | Nov 2005 | NHMRX vs SPXX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 4 | 1.56% | — | Jun 2003 | NHMRX vs JQC | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 16 | 2.04% | — | Mar 2006 | NHMRX vs NSBRX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock/Convertible Bonds | 73 | 0.60% | — | Dec 2006 | NHMRX vs NPSRX | |
| Nuveen Winslow Large-Cap Growth ESG Fund Class I | Large Cap Growth Equities, ESG | 14 | 7.86% | — | May 2009 | NHMRX vs NVLIX | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 81 | 19.73% | — | Dec 1987 | NHMRX vs FASEX | |
| Nuveen Equity Long/Short Fund | Long-Short | 58 | 8.44% | — | Dec 2008 | NHMRX vs NELIX | |
| Nuveen New York AMT Free Quality Municipal Income | Municipal Bonds | 66 | 9.28% | — | Nov 2002 | NHMRX vs NRK |
Often Compared With NHMRX
Investors most often compare NHMRX with HYD, PHMIX, BTT. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare NHMRX with Any Fund or Stock
Compare NHMRX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NHMRX with funds that move differently
Nuveen High Yield Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NHMRX.
Explore NHMRX Diversifiers