- CUSIP
- 67092P722
- Issuer
- Nuveen
- Inception Date
- Jan 22, 2025
- Category
- High Yield Muni
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $136M
Highlights
- Avg. Volume (1M)
- 18K
- Avg. Volume Value (1M)
- $444.40K
Share Price Chart
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Performance
NHYM Performance Chart
Nuveen High Yield Municipal Income ETF (NHYM) is up 1.6% since the beginning of the year. NHYM is currently trading at $25 per share.
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Returns By Period
Nuveen High Yield Municipal Income ETF (NHYM) has returned 1.57% so far this year and 7.27% over the past 12 months.
Nuveen High Yield Municipal Income ETF
- 1D
- -0.18%
- 1M
- -1.52%
- 6M
- 1.04%
- YTD
- 1.57%
- 1Y
- 7.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.15%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
NHYM Monthly Returns History
Based on dividend-adjusted daily data since Jan 23, 2025, NHYM's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.
Historically, 63% of months were positive and 37% were negative. The best month was Sep 2025 with a return of +4.0%, while the worst month was Apr 2025 at -2.1%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 3 months.
On a daily basis, NHYM closed higher 53% of trading days. The best single day was Apr 14, 2025 with a return of +1.4%, while the worst single day was Apr 7, 2025 at -2.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.52% | 1.87% | -2.08% | 1.41% | 0.96% | 0.43% | -1.48% | 1.57% | |||||
| 2025 | 0.16% | 1.58% | -1.33% | -2.14% | -0.74% | 1.11% | -1.89% | 0.43% | 4.01% | 1.68% | 0.49% | -0.07% | 3.19% |
Benchmark Metrics
Nuveen High Yield Municipal Income ETF has an annualized alpha of 2.74%, beta of 0.04, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 23, 2025.
- This ETF participated in 21.12% of S&P 500 Index downside but only 17.68% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.04 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.74%
- Beta
- 0.04
- R²
- 0.01
- Upside Capture
- 17.68%
- Downside Capture
- 21.12%
Expense Ratio
NHYM has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NHYM ranks 86 for risk / return — above 86% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Nuveen High Yield Municipal Income ETF (NHYM) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NHYM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.25 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.00 | +1.02 |
| Martin ratioReturn relative to average drawdown | 10.90 | 8.49 | +2.41 |
Dividends
Dividend History
Nuveen High Yield Municipal Income ETF provided a 4.20% dividend yield over the last twelve months, with an annual payout of $1.04 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $1.04 | $1.01 |
Dividend yield | 4.20% | 4.06% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen High Yield Municipal Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.08 | $0.09 | $0.09 | $0.08 | $0.09 | $0.09 | $0.53 | |||||
| 2025 | $0.06 | $0.08 | $0.08 | $0.10 | $0.09 | $0.10 | $0.10 | $0.10 | $0.10 | $0.20 | $1.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Nuveen High Yield Municipal Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Nuveen High Yield Municipal Income ETF was 6.11%, occurring on Apr 11, 2025. Recovery took 125 trading sessions.
The current Nuveen High Yield Municipal Income ETF drawdown is 1.66%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-6.11%Apr 2025 | 1mo 8d | 6mo 2d | 7mo 10dMar 2025 - Oct 2025 | 2025 selloff2025 |
-2.77%Mar 2026 | 25d | 2mo 3d | 2mo 28dMar 2026 - May 2026 | — |
-1.84%Jul 2026 | 16d | — | 26dJul 2026 - now | — |
-0.94%Dec 2025 | 7d | 1mo 6d | 1mo 13dNov 2025 - Jan 2026 | — |
-0.76%Jan 2026 | 6d | 15d | 21dJan 2026 - Feb 2026 | — |
Drawdown Indicators
| NHYM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.11% | -56.78% | +50.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -9.10% | +6.33% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.66% | -1.58% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -1.60% | -10.70% | +9.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 2.14% | -1.37% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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