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%	17.80B	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%	17.80B	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 91. There are 8 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
PRFHX	T. Rowe Price Tax Free High Yield Fund	96	—	Feb 1985	NVHIX vs PRFHX
FHTFX	Federated Hermes Municipal High Yield Advtg Fd	95	—	Apr 1987	NVHIX vs FHTFX
SRHMX	Columbia High Yield Municipal Fund	94	—	Mar 1984	NVHIX vs SRHMX
ISHYX	Invesco Short Duration High Yield Municipal Fund	94	—	Sep 2015	NVHIX vs ISHYX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	94	—	May 2007	NVHIX vs EWHYX

Top Performing NVHIX Alternatives (YTD)

NVHIX is at 1.56% YTD. There are 21 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 4.20%.

Symbol	Name	YTD Return	AUM	Inception
NMZ	Nuveen Municipal High Income Opportunity Fund	4.20%	—	Nov 2003	NVHIX vs NMZ
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	2.53%	—	May 2007	NVHIX vs EWHYX
SRHMX	Columbia High Yield Municipal Fund	2.33%	—	Mar 1984	NVHIX vs SRHMX
WHYIX	Allspring High Yield Municipal Bond Fund	2.06%	—	Jan 2013	NVHIX vs WHYIX
PRFHX	T. Rowe Price Tax Free High Yield Fund	2.05%	—	Feb 1985	NVHIX vs PRFHX

Lowest Volatility Alternatives to NVHIX

NVHIX has 2.17% 1-year volatility. There is 1 mutual fund in the High Yield Muni category with lower 1-year volatility, going as low as 2.13%.

Symbol	Name	Volatility 1Y	AUM	Inception
SDHIX	Lord Abbett Short Duration High Income Municipal B...	2.13%	—	Jun 2015	NVHIX vs SDHIX
RWMIX	Redwood Managed Municipal Income Fund	2.27%	—	Mar 2017	NVHIX vs RWMIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	2.35%	—	Sep 2015	NVHIX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	2.62%	—	May 2013	NVHIX vs AHYMX
STMYX	Ocean Park Tactical Municipal Fund	2.64%	—	Dec 2018	NVHIX vs STMYX

Lowest Drawdown Alternatives to NVHIX

NVHIX has a 1-year max drawdown of -1.79%. There is 1 mutual fund in the High Yield Muni category with a shallower 1-year drawdown, going as shallow as -1.71%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
FDUAX	First Eagle Short Duration High Yield Municipal Fu...	-1.71%	—	Feb 2024	NVHIX vs FDUAX
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

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
TIEIX	Nuveen Equity Index Fund Class I	Large Cap Blend Equities	63	9.70%	—	Jul 1999	NVHIX vs TIEIX
QQQX	Nuveen Nasdaq 100 Dynamic Overwrite Fund	Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed	58	8.38%	—	Jan 2007	NVHIX vs QQQX
TILIX	Nuveen Large Cap Growth Index Fund R6 Class	Large Cap Growth Equities	12	-0.33%	—	Oct 2002	NVHIX vs TILIX
SPXX	Nuveen S&P 500 Dynamic Overwrite Fund	S&P 500	24	6.80%	—	Nov 2005	NVHIX vs SPXX
JQC	Nuveen Credit Strategies Income Fund	Bank Loan	3	1.97%	—	Jun 2003	NVHIX vs JQC
NHMRX	Nuveen High Yield Municipal Bond Fund	High Yield Muni	89	1.87%	—	Jun 1999	NVHIX vs NHMRX
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock	73	0.35%	—	Dec 2006	NVHIX vs NPSRX
NSBRX	Nuveen Dividend Growth Fund	Large Cap Blend Equities	30	5.28%	—	Mar 2006	NVHIX vs NSBRX
NWQIX	Nuveen Flexible Income Fund	Diversified Portfolio	96	4.79%	—	Dec 2009	NVHIX vs NWQIX
NZF	Nuveen Municipal Credit Income Fund	Municipal Bonds	43	1.35%	—	Mar 2001	NVHIX vs NZF

Often Compared With NVHIX

Investors most often compare NVHIX with FEHIX, EFA, FXIEX. These 20 comparison targets span 14 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	70	1.88%	—	Nov 2007	NVHIX vs FEHIX
EFA	iShares MSCI EAFE ETF	Foreign Large Cap Equities	68	11.69%	77.98B	Aug 2001	NVHIX vs EFA
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	90	0.97%	—	Jun 2012	NVHIX vs FXIEX
MISHX	AB Municipal Income Shares	High Yield Muni	81	0.89%	—	Aug 2010	NVHIX vs MISHX
VPMAX	Vanguard PRIMECAP Fund Admiral Shares	Large Cap Blend Equities	90	20.70%	96.10B	Nov 2001	NVHIX vs VPMAX
VMLUX	Vanguard Limited-Term Tax-Exempt Fund Admiral Shar...	Municipal Bonds, Short-Term Bond, Investment Grade Bonds, Actively Managed	74	0.67%	35.40B	Feb 2001	NVHIX vs VMLUX
STXAX	Western Asset Municipal High Income Fund	High Yield Muni	80	0.72%	—	Nov 1992	NVHIX vs STXAX
VKQ	Invesco Municipal Trust		92	5.99%	—	—	NVHIX vs VKQ
SHYM	iShares Short Duration High Yield Muni Active ETF	High Yield Muni	67	1.67%	791.51M	Mar 2021	NVHIX vs SHYM
NQCRX	Nuveen Large Cap Value Fund	Large Cap Value Equities	94	20.39%	—	Dec 2006	NVHIX vs NQCRX
FFEIX	Nuveen Dividend Value Fund	Large Cap Value Equities	79	13.56%	—	Dec 1992	NVHIX vs FFEIX
SHYTX	DWS Strategic High Yield Tax	High Yield Muni	82	1.31%	—	Jan 1987	NVHIX vs SHYTX
VWIUX	Vanguard Intermediate-Term Tax-Exempt Fund Admiral...	Municipal Bonds	67	-0.07%	89.80B	Feb 2001	NVHIX vs VWIUX
JCE	Nuveen Core Equity Alpha Fund	Large Cap Growth Equities	37	7.70%	—	Mar 2007	NVHIX vs JCE
TTIHX	Nuveen Lifecycle Index 2055 Fund Class I	Target Retirement Date	66	10.16%	—	Dec 2015	NVHIX vs TTIHX
CXHYX	Delaware National High-Yield Municipal Bond Fund	High Yield Muni	72	0.95%	—	Sep 1986	NVHIX vs CXHYX
NMI	Nuveen Municipal Income Fund, Inc.	Municipal Bonds	36	11.94%	—	Apr 1998	NVHIX vs NMI
NELIX	Nuveen Equity Long/Short Fund	Long-Short	41	6.38%	—	Dec 2008	NVHIX vs NELIX
NPFD	Nuveen Variable Rate Preferred & Income Fund	Preferred Stock	9	1.07%	—	Dec 2021	NVHIX vs NPFD
NSMRX	Nuveen Small/Mid Cap Value Fund	Small Cap Blend Equities	77	18.75%	—	Dec 2006	NVHIX vs NSMRX

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