Nuveen High Yield Municipal Income ETF (NHYM) belongs to the High Yield Muni category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with NHYM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NHYM
NHYM charges 0.35% annually. There are 2 ETFs in the High Yield Muni category with lower expense ratios, going as low as 0.32%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price High Income Municipal ETF | 0.32% | 25.43M | Nov 2025 | NHYM vs THYM | |
| Capital Group Municipal High-Income ETF | 0.34% | 3.13B | Jun 2024 | NHYM vs CGHM | |
| Franklin Municipal High Yield ETF | 0.35% | 588.78M | May 2018 | NHYM vs FTMH | |
| WisdomTree High Income Laddered Municipal ETF | 0.35% | 6.11M | Apr 2025 | NHYM vs WTMY | |
| iShares Short Duration High Yield Muni Active ETF | 0.35% | 757.47M | Mar 2021 | NHYM vs SHYM |
Best Risk-Adjusted Alternatives to NHYM
NHYM has a PortfoliosLab risk / return rank of 63. There are 5 ETFs in the High Yield Muni category with higher risk-adjusted ranks, going as high as 86.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance High Income Municipal ETF | 86 | 56.78M | Feb 2025 | NHYM vs EVYM | |
| Capital Group Municipal High-Income ETF | 86 | 3.13B | Jun 2024 | NHYM vs CGHM | |
| Rockefeller Opportunistic Municipal Bond ETF | 82 | 209.80M | Aug 2024 | NHYM vs RMOP | |
| Invesco Rochester High Yield Municipal ETF | 75 | 129.62M | Dec 2022 | NHYM vs IROC | |
| WisdomTree High Income Laddered Municipal ETF | 68 | 6.11M | Apr 2025 | NHYM vs WTMY |
Top Performing NHYM Alternatives (YTD)
NHYM is at 2.69% YTD. There are 9 ETFs in the High Yield Muni category with higher YTD returns, going as high as 4.03%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck CEF Municipal Income ETF | 4.03% | 215.76M | Jul 2011 | NHYM vs XMPT | |
| Nomura National High-Yield Municipal Bond ETF | 3.94% | 30.14M | Mar 2025 | NHYM vs HTAX | |
| Rockefeller Opportunistic Municipal Bond ETF | 3.85% | 209.80M | Aug 2024 | NHYM vs RMOP | |
| Franklin Municipal High Yield ETF | 3.83% | 588.78M | May 2018 | NHYM vs FTMH | |
| Eaton Vance High Income Municipal ETF | 3.83% | 56.78M | Feb 2025 | NHYM vs EVYM |
Lowest Volatility Alternatives to NHYM
NHYM has 4.25% 1-year volatility. There are 8 ETFs in the High Yield Muni category with lower 1-year volatility, going as low as 2.50%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree High Income Laddered Municipal ETF | 2.50% | 6.11M | Apr 2025 | NHYM vs WTMY | |
| iShares Short Duration High Yield Muni Active ETF | 2.93% | 757.47M | Mar 2021 | NHYM vs SHYM | |
| Invesco Rochester High Yield Municipal ETF | 3.02% | 129.62M | Dec 2022 | NHYM vs IROC | |
| Capital Group Municipal High-Income ETF | 3.11% | 3.13B | Jun 2024 | NHYM vs CGHM | |
| JPMorgan High Yield Municipal ETF | 3.16% | 279.52M | Jul 2023 | NHYM vs JMHI |
Lowest Drawdown Alternatives to NHYM
NHYM has a 1-year max drawdown of -2.77%. There are 5 ETFs in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -2.23%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Short Duration High Yield Muni Active ETF | -2.23% | 757.47M | Mar 2021 | NHYM vs SHYM | |
| Capital Group Municipal High-Income ETF | -2.55% | 3.13B | Jun 2024 | NHYM vs CGHM | |
| Invesco Rochester High Yield Municipal ETF | -2.64% | 129.62M | Dec 2022 | NHYM vs IROC | |
| Rockefeller Opportunistic Municipal Bond ETF | -2.66% | 209.80M | Aug 2024 | NHYM vs RMOP | |
| WisdomTree High Income Laddered Municipal ETF | -2.71% | 6.11M | Apr 2025 | NHYM vs WTMY |
Other ETFs from Nuveen
The 10 most viewed Nuveen ETFs shown here include NULG, NPFI, NUDV and span 10 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen ESG Large-Cap Growth ETF | Large Cap Growth Equities | 41 | 15.19% | 2.72B | Dec 2016 | NHYM vs NULG | |
| Nuveen Preferred And Income ETF | Preferred Stock/Convertible Bonds | 74 | 1.84% | 169.20M | Mar 2024 | NHYM vs NPFI | |
| Nuveen ESG Dividend ETF | Large Cap Value Equities | 62 | 10.55% | 46.27M | Sep 2021 | NHYM vs NUDV | |
| Nuveen AA-BBB CLO ETF | CLO | 57 | 2.12% | — | Dec 2024 | NHYM vs NCLO | |
| Nuveen Short-Term REIT ETF | REIT | 21 | 14.93% | 35.28M | Dec 2016 | NHYM vs NURE | |
| Nuveen ESG Small-Cap ETF | Small Cap Growth Equities | 54 | 13.66% | 1.25B | Dec 2016 | NHYM vs NUSC | |
| Nuveen ESG Large-Cap Value ETF | Large Cap Value Equities | 72 | 10.85% | 2.12B | Dec 2016 | NHYM vs NULV | |
| Nuveen ESG U.S. Aggregate Bond ETF | Intermediate Core Bond | 30 | 0.36% | 456.94M | Sep 2017 | NHYM vs NUBD | |
| Nuveen ESG Mid-Cap Growth ETF | Mid Cap Growth Equities | 6 | -6.21% | 364.87M | Dec 2016 | NHYM vs NUMG | |
| Nuveen ESG Mid-Cap Value ETF | Mid Cap Value Equities, ESG | 55 | 9.23% | 451.71M | Dec 2016 | NHYM vs NUMV |
Often Compared With NHYM
Investors most often compare NHYM with HIMU, YYYM, CSHP. These 19 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare NHYM with Any Fund or Stock
Compare NHYM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NHYM with funds that move differently
Nuveen High Yield Municipal Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NHYM.
Explore NHYM Diversifiers