Nuveen Municipal Credit Opportunities Fund (NMCO) 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 NMCO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NMCO
NMCO charges 0.04% annually. No mutual funds in the High Yield Muni category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.11%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | NMCO vs BATEX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | NMCO vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | NMCO vs HIMFX | |
| American High-Income Municipal Bond Fund Class F-2 | 0.42% | — | Aug 2008 | NMCO vs AHMFX | |
| Lord Abbett Short Duration High Income Municipal B... | 0.50% | — | Jun 2015 | NMCO vs SDHIX |
Best Risk-Adjusted Alternatives to NMCO
NMCO has a PortfoliosLab risk / return rank of 13. There are 48 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 91 | — | Feb 1985 | NMCO vs PRFHX | |
| Invesco Short Duration High Yield Municipal Fund | 88 | — | Sep 2015 | NMCO vs ISHYX | |
| Federated Hermes Municipal High Yield Advtg Fd | 86 | — | Apr 1987 | NMCO vs FHTFX | |
| Columbia High Yield Municipal Fund | 79 | — | Mar 1984 | NMCO vs SRHMX | |
| American High-Income Municipal Bond Fund Class F-3 | 79 | — | Jan 2017 | NMCO vs HIMFX |
Top Performing NMCO Alternatives (YTD)
NMCO is at 7.29% YTD. There is 1 mutual fund in the High Yield Muni category with a higher YTD return, going as high as 7.96%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| RiverNorth Flexible Municipal Income Fund | 7.96% | — | — | NMCO vs RFM | |
| Eaton Vance High Yield Municipal Income Fund Class... | 3.35% | — | May 2007 | NMCO vs EWHYX | |
| Nuveen Municipal High Income Opportunity Fund | 3.29% | — | Nov 2003 | NMCO vs NMZ | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.20% | — | Jun 2016 | NMCO vs NHMFX | |
| Nuveen High Yield Municipal Bond Fund | 3.18% | — | Jun 1999 | NMCO vs NHMRX |
Lowest Volatility Alternatives to NMCO
NMCO has 8.95% 1-year volatility. There are 50 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 1.97%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood Managed Municipal Income Fund | 1.97% | — | Mar 2017 | NMCO vs RWMIX | |
| Lord Abbett Short Duration High Income Municipal B... | 2.07% | — | Jun 2015 | NMCO vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.25% | — | Jan 2013 | NMCO vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.31% | — | Sep 2015 | NMCO vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.53% | — | Jun 2018 | NMCO vs TMNIX |
Lowest Drawdown Alternatives to NMCO
NMCO has a 1-year max drawdown of -7.24%. There are 52 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 | NMCO vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | NMCO vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | NMCO vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | NMCO vs SDHIX | |
| Counterpoint Tactical Municipal Fund | -2.26% | — | Jun 2018 | NMCO vs TMNIX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include QQQX, SPXX, JQC and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | Large Cap Growth Equities | 71 | 11.82% | — | Jan 2007 | NMCO vs QQQX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 16 | 3.81% | — | Nov 2005 | NMCO vs SPXX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 4 | 0.73% | — | Jun 2003 | NMCO vs JQC | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 18 | 3.56% | — | Mar 2006 | NMCO vs NSBRX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock/Convertible Bonds | 76 | 0.72% | — | Dec 2006 | NMCO vs NPSRX | |
| Nuveen Preferred and Income Opportunities Fund | Preferred Stock/Convertible Bonds | 11 | 0.12% | — | Mar 2003 | NMCO vs JPC | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 70 | 17.58% | — | Dec 1987 | NMCO vs FASEX | |
| Nuveen Winslow Large-Cap Growth ESG Fund Class I | Large Cap Growth Equities, ESG | 19 | 9.51% | — | May 2009 | NMCO vs NVLIX | |
| Nuveen Equity Long/Short Fund | Long-Short | 57 | 8.22% | — | Dec 2008 | NMCO vs NELIX | |
| Nuveen Municipal Credit Income Fund | Municipal Bonds | 26 | 2.37% | — | Mar 2001 | NMCO vs NZF |
Often Compared With NMCO
Investors most often compare NMCO with FARCX, AGD, STMYX. These 12 comparison targets span 5 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen Real Estate Securities Fund | REIT | 18 | 11.64% | — | Jun 1995 | NMCO vs FARCX | |
| abrdn Global Dynamic Dividend Fund | Global Equity Income | 23 | 13.13% | — | May 2006 | NMCO vs AGD | |
| Sierra Tactical Municipal Fund | High Yield Muni | 55 | 1.82% | — | Dec 2018 | NMCO vs STMYX | |
| Franklin High Yield Tax Free Income Fund | High Yield Muni | 73 | 2.81% | — | Mar 1986 | NMCO vs FRHIX | |
| AB Municipal Income Shares | High Yield Muni | 69 | 2.13% | — | Aug 2010 | NMCO vs MISHX | |
| Invesco QQQ ETF | Nasdaq-100 | 73 | 21.30% | 493.99B | Mar 1999 | NMCO vs QQQ | |
| Franklin Templeton SMACS: Series H | High Yield Muni | 75 | 2.99% | — | Jun 2019 | NMCO vs FQTHX | |
| Nuveen Global Infrastructure Fund | Energy Equities | 31 | 10.02% | — | Dec 2007 | NMCO vs FGIYX | |
| American High-Income Municipal Bond Fund | High Yield Muni | 76 | 2.23% | — | Sep 1994 | NMCO vs AMHIX | |
| BNY Mellon High Yield Municipal Bond Fund | High Yield Muni | 62 | 3.03% | — | Sep 2005 | NMCO vs DHMBX | |
| Neuberger Berman Municipal High Income Fund | High Yield Muni | 49 | 0.48% | — | Jun 2015 | NMCO vs NMHIX | |
| Nuveen High Yield Municipal Bond Fund Class A | High Yield Muni | 58 | 3.09% | — | Jun 1999 | NMCO vs NHMAX |
Compare NMCO with Any Fund or Stock
Compare NMCO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NMCO with funds that move differently
Nuveen Municipal Credit Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NMCO.
Explore NMCO Diversifiers