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 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 0.09% | 17.60B | Nov 2001 | NMCO vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | NMCO vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.60B | Dec 1978 | NMCO vs VWAHX | |
| 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 |
Best Risk-Adjusted Alternatives to NMCO
NMCO has a PortfoliosLab risk / return rank of 23. There are 49 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 | NMCO vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 92 | — | Apr 1987 | NMCO vs FHTFX | |
| Invesco Short Duration High Yield Municipal Fund | 90 | — | Sep 2015 | NMCO vs ISHYX | |
| Columbia High Yield Municipal Fund | 86 | — | Mar 1984 | NMCO vs SRHMX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 83 | — | May 2007 | NMCO vs EWHYX |
Top Performing NMCO Alternatives (YTD)
NMCO is at 9.30% YTD. No mutual funds in the High Yield Muni category have higher YTD returns; the top-performing alternatives shown here go as high as 8.47%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| RiverNorth Flexible Municipal Income Fund | 8.47% | — | — | NMCO vs RFM | |
| Nuveen Municipal High Income Opportunity Fund | 6.50% | — | Nov 2003 | NMCO vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 3.60% | — | May 2007 | NMCO vs EWHYX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.41% | — | Jun 2016 | NMCO vs NHMFX | |
| Columbia High Yield Municipal Fund | 3.38% | — | Mar 1984 | NMCO vs SRHMX |
Lowest Volatility Alternatives to NMCO
NMCO has 8.87% 1-year volatility. There are 51 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 | 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... | 2.24% | — | Jan 2013 | NMCO vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.30% | — | Sep 2015 | NMCO vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.55% | — | Jun 2018 | NMCO vs TMNIX |
Lowest Drawdown Alternatives to NMCO
NMCO has a 1-year max drawdown of -7.24%. There are 53 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 TIEIX, QQQX, SPXX and span 12 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen Equity Index Fund Class I | Large Cap Blend Equities | 51 | 8.62% | — | Jul 1999 | NMCO vs TIEIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | 37 | 5.00% | — | Jan 2007 | NMCO vs QQQX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 16 | 3.96% | — | Nov 2005 | NMCO vs SPXX | |
| Nuveen High Yield Municipal Bond Fund | High Yield Muni | 61 | 3.32% | — | Jun 1999 | NMCO vs NHMRX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 5 | 2.62% | — | Jun 2003 | NMCO vs JQC | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 12 | 0.93% | — | Mar 2006 | NMCO vs NSBRX | |
| Nuveen Preferred and Income Opportunities Fund | Preferred Stock/Convertible Bonds | 10 | 0.28% | — | Mar 2003 | NMCO vs JPC | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock/Convertible Bonds | 73 | 0.53% | — | Dec 2006 | NMCO vs NPSRX | |
| Nuveen Winslow Large-Cap Growth ESG Fund Class I | Large Cap Growth Equities, ESG | 10 | 4.33% | — | May 2009 | NMCO vs NVLIX | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 79 | 19.98% | — | Dec 1987 | NMCO vs FASEX |
Often Compared With NMCO
Investors most often compare NMCO with AHMFX, FARCX, AGD. These 15 comparison targets span 7 categories, based on PortfoliosLab usage data.
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