Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) Sharpe Ratio: 0.67

NVHIX's Sharpe Ratio of 0.67 indicates that for each unit of volatility, it generates 0.67 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 1, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

NVHIX Sharpe Ratio Rank

Below Average

NVHIX ranks above 28.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Returns may not adequately compensate for volatility taken
Consider smaller allocation given below-average risk-adjusted profile
Explore higher-ranked investments with better consistency
Assess whether the volatility profile aligns with your portfolio goals

NVHIX Sharpe Ratio Market Positioning

The chart shows NVHIX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.65 or lower
Yellow zone (middle 50%): 0.65 to 1.37
Green zone (top 25%): 1.37 or higher
Top 1%: 3.60+
Median: 0.99 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Nuveen Short Duration High Yield Municipal Bond Fund's Sharpe Ratio with other mutual funds in the High Yield Muni category across multiple time periods, showing how NVHIX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Apr 1, 2026.

Symbol	Name	1Y Sharpe Ratio
TMNIX	Counterpoint Tactical Municipal Fund	1.71
PRFHX	T. Rowe Price Tax Free High Yield Fund	1.36
SDHIX	Lord Abbett Short Duration High Income Municipal Bond Fund	1.26
ISHYX	Invesco Short Duration High Yield Municipal Fund	1.09
MISHX	AB Municipal Income Shares	0.89
AHMFX	American High-Income Municipal Bond Fund Class F-2	0.81
FVCAX	Franklin California High Yield Municipal Fund Advisor Class	0.79
CNRNX	City National Rochdale Municipal High Income Fund	0.78
FRHIX	Franklin High Yield Tax Free Income Fund	0.77
AMHIX	American High-Income Municipal Bond Fund	0.77
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fund	0.67

Benchmark Against

Benchmark

S&P 500 Index

Lookback Period

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Historical Sharpe Ratio

The chart shows NVHIX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when NVHIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Explore NVHIX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

NVHIX Sortino Ratio