PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

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

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks to provide high current income exempt from regular federal income taxes; capital appreciation is a secondary objective when consistent with the fund's primary objective. Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal personal income tax. Under normal market conditions, it will generally maintain an investment portfolio with a weighted average effective duration of less than 4.5 years.

Looking to diversify beyond NVHIX? The mutual funds below have the lowest correlation with NVHIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NVHIX.

Best Diversifiers for NVHIX

21 mutual funds have low correlation with NVHIX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Small-Cap Value Opportunities Fund (NSCRX) (Small Cap Blend Equities) with a 1Y correlation of 0.13, roughly unchanged from 0.10 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NSCRX
Nuveen Small-Cap Value Opportunities Fund0.130.080.10
65
Small Cap Blend EquitiesNVHIX vs NSCRX
NSMRX
Nuveen Small/Mid Cap Value Fund0.180.090.10
66
Small Cap Blend EquitiesNVHIX vs NSMRX
NELIX
Nuveen Equity Long/Short Fund0.180.070.08
58
Long-ShortNVHIX vs NELIX
ARSTX
Nuveen Small Cap Select Fund0.200.080.10
55
Small Cap Blend EquitiesNVHIX vs ARSTX
TICRX
Nuveen Large Cap Responsible Equity Fund Class A0.200.120.12
56
Large Cap Blend EquitiesNVHIX vs TICRX
See all 103 diversifiers for NVHIX

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements NVHIX

Add NVHIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with NVHIX