Nuveen Strategic Municipal Opportunities Fund (NSIOX) 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 NSIOX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NSIOX
NSIOX charges 0.56% annually. There are 16 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% | 17.60B | Nov 2001 | NSIOX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | NSIOX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.60B | Dec 1978 | NSIOX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | NSIOX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | NSIOX vs HIMFX |
Best Risk-Adjusted Alternatives to NSIOX
NSIOX has a PortfoliosLab risk / return rank of 53. There are 43 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 | NSIOX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 91 | — | Apr 1987 | NSIOX vs FHTFX | |
| Invesco Short Duration High Yield Municipal Fund | 89 | — | Sep 2015 | NSIOX vs ISHYX | |
| Columbia High Yield Municipal Fund | 83 | — | Mar 1984 | NSIOX vs SRHMX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 82 | — | May 2007 | NSIOX vs EWHYX |
Top Performing NSIOX Alternatives (YTD)
NSIOX is at 1.63% YTD. There are 48 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 5.38%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 5.38% | — | Nov 2003 | NSIOX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 3.60% | — | May 2007 | NSIOX vs EWHYX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.41% | — | Jun 2016 | NSIOX vs NHMFX | |
| Columbia High Yield Municipal Fund | 3.38% | — | Mar 1984 | NSIOX vs SRHMX | |
| Nuveen High Yield Municipal Bond Fund | 3.32% | — | Jun 1999 | NSIOX vs NHMRX |
Lowest Volatility Alternatives to NSIOX
NSIOX has 2.93% 1-year volatility. There are 8 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.02%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood Managed Municipal Income Fund | 2.02% | — | Mar 2017 | NSIOX vs RWMIX | |
| Lord Abbett Short Duration High Income Municipal B... | 2.06% | — | Jun 2015 | NSIOX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.24% | — | Jan 2013 | NSIOX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.30% | — | Sep 2015 | NSIOX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.56% | — | Jun 2018 | NSIOX vs TMNIX |
Lowest Drawdown Alternatives to NSIOX
NSIOX has a 1-year max drawdown of -2.91%. There are 20 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 | NSIOX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | NSIOX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | NSIOX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | NSIOX vs SDHIX | |
| Counterpoint Tactical Municipal Fund | -2.26% | — | Jun 2018 | NSIOX vs TMNIX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, SPXX and span 13 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen Equity Index Fund Class I | Large Cap Blend Equities | 63 | 10.07% | — | Jul 1999 | NSIOX vs TIEIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | 50 | 7.43% | — | Jan 2007 | NSIOX vs QQQX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 15 | 3.44% | — | Nov 2005 | NSIOX vs SPXX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 5 | 2.20% | — | Jun 2003 | NSIOX vs JQC | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 15 | 1.69% | — | Mar 2006 | NSIOX vs NSBRX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock/Convertible Bonds | 74 | 0.60% | — | Dec 2006 | NSIOX vs NPSRX | |
| Nuveen Winslow Large-Cap Growth ESG Fund Class I | Large Cap Growth Equities, ESG | 14 | 6.96% | — | May 2009 | NSIOX vs NVLIX | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 82 | 20.50% | — | Dec 1987 | NSIOX vs FASEX | |
| Nuveen Equity Long/Short Fund | Long-Short | 60 | 8.59% | — | Dec 2008 | NSIOX vs NELIX | |
| Nuveen New York AMT Free Quality Municipal Income | Municipal Bonds | 70 | 9.70% | — | Nov 2002 | NSIOX vs NRK |
Often Compared With NSIOX
Investors most often compare NSIOX with PLFRX, HMOP, PIMIX. These 17 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare NSIOX with Any Fund or Stock
Compare NSIOX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NSIOX with funds that move differently
Nuveen Strategic Municipal Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NSIOX.
Explore NSIOX Diversifiers