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% | 17.80B | 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% | 17.80B | 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 89. There are 17 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 | NHMRX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 95 | — | Apr 1987 | NHMRX vs FHTFX | |
| Columbia High Yield Municipal Fund | 94 | — | Mar 1984 | NHMRX vs SRHMX | |
| Invesco Short Duration High Yield Municipal Fund | 94 | — | Sep 2015 | NHMRX vs ISHYX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 94 | — | May 2007 | NHMRX vs EWHYX |
Top Performing NHMRX Alternatives (YTD)
NHMRX is at 1.87% YTD. There are 11 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 4.20%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 4.20% | — | Nov 2003 | NHMRX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 2.53% | — | May 2007 | NHMRX vs EWHYX | |
| Columbia High Yield Municipal Fund | 2.33% | — | Mar 1984 | NHMRX vs SRHMX | |
| Allspring High Yield Municipal Bond Fund | 2.06% | — | Jan 2013 | NHMRX vs WHYIX | |
| T. Rowe Price Tax Free High Yield Fund | 2.05% | — | Feb 1985 | NHMRX vs PRFHX |
Lowest Volatility Alternatives to NHMRX
NHMRX has 4.33% 1-year volatility. There are 47 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.13%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Lord Abbett Short Duration High Income Municipal B... | 2.13% | — | Jun 2015 | NHMRX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.17% | — | Jan 2013 | NHMRX vs NVHIX | |
| Redwood Managed Municipal Income Fund | 2.27% | — | Mar 2017 | NHMRX vs RWMIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.35% | — | Sep 2015 | NHMRX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | 2.62% | — | May 2013 | NHMRX vs AHYMX |
Lowest Drawdown Alternatives to NHMRX
NHMRX 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 | NHMRX vs FDUAX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.79% | — | 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 |
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 | 9.70% | — | Jul 1999 | NHMRX vs TIEIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | 58 | 8.38% | — | Jan 2007 | NHMRX vs QQQX | |
| Nuveen Large Cap Growth Index Fund R6 Class | Large Cap Growth Equities | 12 | -0.33% | — | Oct 2002 | NHMRX vs TILIX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 24 | 6.80% | — | Nov 2005 | NHMRX vs SPXX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 3 | 1.97% | — | Jun 2003 | NHMRX vs JQC | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock | 73 | 0.35% | — | Dec 2006 | NHMRX vs NPSRX | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 30 | 5.28% | — | Mar 2006 | NHMRX vs NSBRX | |
| Nuveen Flexible Income Fund | Diversified Portfolio | 96 | 4.79% | — | Dec 2009 | NHMRX vs NWQIX | |
| Nuveen Municipal Credit Income Fund | Municipal Bonds | 43 | 1.35% | — | Mar 2001 | NHMRX vs NZF | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 84 | 19.56% | — | Dec 1987 | NHMRX vs FASEX |
Often Compared With NHMRX
Investors most often compare NHMRX with HYD, PHMIX, BTT. These 20 comparison targets span 12 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