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 | |
|---|---|---|---|---|---|
| Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 0.09% | 17.60B | Nov 2001 | NVHIX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | NVHIX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.60B | Dec 1978 | NVHIX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | NVHIX vs EWHYX | |
| 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 76. There are 36 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 96 | — | Feb 1985 | NVHIX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 95 | — | Apr 1987 | NVHIX vs FHTFX | |
| Invesco Short Duration High Yield Municipal Fund | 94 | — | Sep 2015 | NVHIX vs ISHYX | |
| Columbia High Yield Municipal Fund | 92 | — | Mar 1984 | NVHIX vs SRHMX | |
| Allspring High Yield Municipal Bond Fund | 92 | — | Jan 2013 | NVHIX vs WHYIX |
Top Performing NVHIX Alternatives (YTD)
NVHIX is at 2.42% YTD. There are 42 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 5.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 5.89% | — | Nov 2003 | NVHIX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 4.05% | — | May 2007 | NVHIX vs EWHYX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.97% | — | Jun 2016 | NVHIX vs NHMFX | |
| Columbia High Yield Municipal Fund | 3.92% | — | Mar 1984 | NVHIX vs SRHMX | |
| Nuveen High Yield Municipal Bond Fund | 3.88% | — | Jun 1999 | NVHIX vs NHMRX |
Lowest Volatility Alternatives to NVHIX
NVHIX has 2.26% 1-year volatility. There are 2 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.07%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Lord Abbett Short Duration High Income Municipal B... | 2.07% | — | Jun 2015 | NVHIX vs SDHIX | |
| Redwood Managed Municipal Income Fund | 2.07% | — | Mar 2017 | NVHIX vs RWMIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.29% | — | Sep 2015 | NVHIX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.58% | — | Jun 2018 | NVHIX vs TMNIX | |
| abrdn Short Duration High Yield Municipal Fund | 2.61% | — | May 2013 | NVHIX vs AHYMX |
Lowest Drawdown Alternatives to NVHIX
NVHIX has a 1-year max drawdown of -1.79%. 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 | |
|---|---|---|---|---|---|
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | NVHIX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | NVHIX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | NVHIX vs SDHIX | |
| Counterpoint Tactical Municipal Fund | -2.26% | — | Jun 2018 | NVHIX vs TMNIX | |
| 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, TILIX and span 12 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen Equity Index Fund Class I | Large Cap Blend Equities | 64 | 11.28% | — | Jul 1999 | NVHIX vs TIEIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | 68 | 11.94% | — | Jan 2007 | NVHIX vs QQQX | |
| Nuveen Large Cap Growth Index Fund R6 Class | Large Cap Growth Equities | 18 | 4.72% | — | Oct 2002 | NVHIX vs TILIX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 20 | 7.61% | — | Nov 2005 | NVHIX vs SPXX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 3 | 1.98% | — | Jun 2003 | NVHIX vs JQC | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 16 | 3.56% | — | Mar 2006 | NVHIX vs NSBRX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock/Convertible Bonds | 74 | 1.04% | — | Dec 2006 | NVHIX vs NPSRX | |
| Nuveen Winslow Large-Cap Growth ESG Fund Class I | Large Cap Growth Equities, ESG | 12 | 7.74% | — | May 2009 | NVHIX vs NVLIX | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 79 | 20.00% | — | Dec 1987 | NVHIX vs FASEX | |
| Nuveen Municipal Credit Income Fund | Municipal Bonds | 37 | 4.01% | — | Mar 2001 | NVHIX vs NZF |
Often Compared With NVHIX
Investors most often compare NVHIX with FEHIX, FXIEX, MISHX. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare NVHIX with Any Fund or Stock
Compare NVHIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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