NVHIX Alternatives & Similar Mutual Funds

Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) 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 NVHIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to NVHIX

NVHIX charges 0.55% annually. There are 11 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
VWALX	Vanguard High-Yield Tax-Exempt Fund Admiral Shares	0.09%	17.60B	Nov 2001	NVHIX vs VWALX
BATEX	BlackRock Allocation Target Shares Series E Portfo...	0.11%	—	Aug 2014	NVHIX vs BATEX
VWAHX	Vanguard High-Yield Tax-Exempt Fund Investor Share...	0.17%	17.60B	Dec 1978	NVHIX vs VWAHX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	0.18%	—	May 2007	NVHIX vs EWHYX
HIMFX	American High-Income Municipal Bond Fund Class F-3	0.31%	—	Jan 2017	NVHIX vs HIMFX

Best Risk-Adjusted Alternatives to NVHIX

NVHIX has a PortfoliosLab risk / return rank of 65. There are 32 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
PRFHX	T. Rowe Price Tax Free High Yield Fund	93	—	Feb 1985	NVHIX vs PRFHX
FHTFX	Federated Hermes Municipal High Yield Advtg Fd	91	—	Apr 1987	NVHIX vs FHTFX
ISHYX	Invesco Short Duration High Yield Municipal Fund	90	—	Sep 2015	NVHIX vs ISHYX
SRHMX	Columbia High Yield Municipal Fund	83	—	Mar 1984	NVHIX vs SRHMX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	82	—	May 2007	NVHIX vs EWHYX

Top Performing NVHIX Alternatives (YTD)

NVHIX is at 2.04% YTD. There are 43 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 5.27%.

Symbol	Name	YTD Return	AUM	Inception
NMZ	Nuveen Municipal High Income Opportunity Fund	5.27%	—	Nov 2003	NVHIX vs NMZ
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	3.60%	—	May 2007	NVHIX vs EWHYX
NHMFX	Nuveen High Yield Municipal Bond Fund Class R6	3.49%	—	Jun 2016	NVHIX vs NHMFX
NHMRX	Nuveen High Yield Municipal Bond Fund	3.47%	—	Jun 1999	NVHIX vs NHMRX
NHMAX	Nuveen High Yield Municipal Bond Fund Class A	3.38%	—	Jun 1999	NVHIX vs NHMAX

Lowest Volatility Alternatives to NVHIX

NVHIX has 2.24% 1-year volatility. There are 2 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
RWMIX	Redwood Managed Municipal Income Fund	2.01%	—	Mar 2017	NVHIX vs RWMIX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	2.06%	—	Jun 2015	NVHIX vs SDHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	2.29%	—	Sep 2015	NVHIX vs ISHYX
TMNIX	Counterpoint Tactical Municipal Fund	2.55%	—	Jun 2018	NVHIX vs TMNIX
STMYX	Sierra Tactical Municipal Fund	2.60%	—	Dec 2018	NVHIX vs STMYX

Lowest Drawdown Alternatives to NVHIX

NVHIX has a 1-year max drawdown of -1.80%. No mutual funds in the High Yield Muni category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -1.89%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ISHYX	Invesco Short Duration High Yield Municipal Fund	-1.89%	—	Sep 2015	NVHIX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	-1.98%	—	May 2013	NVHIX vs AHYMX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	-2.08%	—	Jun 2015	NVHIX vs SDHIX
TMNIX	Counterpoint Tactical Municipal Fund	-2.26%	—	Jun 2018	NVHIX vs TMNIX
FHTFX	Federated Hermes Municipal High Yield Advtg Fd	-2.46%	—	Apr 1987	NVHIX vs FHTFX

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
TIEIX	Nuveen Equity Index Fund Class I	Large Cap Blend Equities	64	10.43%	—	Jul 1999	NVHIX vs TIEIX
QQQX	Nuveen Nasdaq 100 Dynamic Overwrite Fund	Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed	62	9.72%	—	Jan 2007	NVHIX vs QQQX
SPXX	Nuveen S&P 500 Dynamic Overwrite Fund	S&P 500	20	4.54%	—	Nov 2005	NVHIX vs SPXX
JQC	Nuveen Credit Strategies Income Fund	Bank Loan	4	1.56%	—	Jun 2003	NVHIX vs JQC
NSBRX	Nuveen Dividend Growth Fund	Large Cap Blend Equities	16	2.04%	—	Mar 2006	NVHIX vs NSBRX
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock/Convertible Bonds	73	0.60%	—	Dec 2006	NVHIX vs NPSRX
NVLIX	Nuveen Winslow Large-Cap Growth ESG Fund Class I	Large Cap Growth Equities, ESG	14	7.86%	—	May 2009	NVHIX vs NVLIX
FASEX	Nuveen Mid Cap Value Fund	Mid Cap Value Equities	81	19.73%	—	Dec 1987	NVHIX vs FASEX
NELIX	Nuveen Equity Long/Short Fund	Long-Short	58	8.44%	—	Dec 2008	NVHIX vs NELIX
NRK	Nuveen New York AMT Free Quality Municipal Income	Municipal Bonds	66	9.28%	—	Nov 2002	NVHIX vs NRK

Often Compared With NVHIX

Investors most often compare NVHIX with FEHIX, MISHX, FXIEX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FEHIX	First Eagle High Income Fund	High Yield Bonds	12	3.27%	—	Nov 2007	NVHIX vs FEHIX
MISHX	AB Municipal Income Shares	High Yield Muni	72	2.31%	—	Aug 2010	NVHIX vs MISHX
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	79	1.92%	—	Jun 2012	NVHIX vs FXIEX
EFA	iShares MSCI EAFE ETF	Foreign Large Cap Equities	48	10.63%	77.82B	Aug 2001	NVHIX vs EFA
VPMAX	Vanguard PRIMECAP Fund Admiral Shares	Large Cap Blend Equities	94	28.16%	92.00B	Nov 2001	NVHIX vs VPMAX
VMLUX	Vanguard Limited-Term Tax-Exempt Fund Admiral Shar...	Municipal Bonds	77	1.05%	35.00B	Feb 2001	NVHIX vs VMLUX
VKQ	Invesco Municipal Trust		89	6.62%	—	—	NVHIX vs VKQ
STXAX	Western Asset Municipal High Income Fund	High Yield Muni	67	2.16%	—	Nov 1992	NVHIX vs STXAX
VWIUX	Vanguard Intermediate-Term Tax-Exempt Fund Admiral...	Municipal Bonds	70	1.33%	88.60B	Feb 2001	NVHIX vs VWIUX
NZF	Nuveen Municipal Credit Income Fund	Municipal Bonds	35	4.26%	—	Mar 2001	NVHIX vs NZF
NQCRX	Nuveen Large Cap Value Fund	Large Cap Value Equities	92	17.89%	—	Dec 2006	NVHIX vs NQCRX
SHYM	iShares Short Duration High Yield Muni Active ETF	High Yield Muni	48	2.36%	757.47M	Mar 2021	NVHIX vs SHYM
NMI	Nuveen Municipal Income Fund, Inc.	Municipal Bonds	11	8.28%	—	Apr 1998	NVHIX vs NMI
FFEIX	Nuveen Dividend Value Fund	Large Cap Value Equities	73	12.42%	—	Dec 1992	NVHIX vs FFEIX
TTIHX	Nuveen Lifecycle Index 2055 Fund Class I	Target Retirement Date	68	11.69%	—	Dec 2015	NVHIX vs TTIHX
SHYTX	DWS Strategic High Yield Tax	High Yield Muni	65	2.18%	—	Jan 1987	NVHIX vs SHYTX
CXHYX	Delaware National High-Yield Municipal Bond Fund	High Yield Muni	28	2.29%	—	Sep 1986	NVHIX vs CXHYX
NPFD	Nuveen Variable Rate Preferred & Income Fund	Preferred Stock/Convertible Bonds	10	1.83%	—	Dec 2021	NVHIX vs NPFD
JFR	Nuveen Floating Rate Income Fund	High Yield Bonds	7	3.38%	—	Mar 2004	NVHIX vs JFR
JCE	Nuveen Core Equity Alpha Fund	Large Cap Growth Equities	31	5.54%	—	Mar 2007	NVHIX vs JCE

Compare NVHIX with Any Fund or Stock

Compare NVHIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair NVHIX with funds that move differently

Nuveen Short Duration High Yield Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NVHIX.

Explore NVHIX Diversifiers

Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) Alternatives