AHYMX vs. NHMRX
Compare and contrast key facts about abrdn Short Duration High Yield Municipal Fund (AHYMX) and Nuveen High Yield Municipal Bond Fund (NHMRX).
AHYMX is managed by Aberdeen. It was launched on May 30, 2013. NHMRX is managed by Nuveen. It was launched on Jun 6, 1999.
Performance
AHYMX vs. NHMRX - Performance Comparison
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AHYMX vs. NHMRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AHYMX abrdn Short Duration High Yield Municipal Fund | -0.56% | 2.91% | 4.07% | 1.56% | -9.36% | 4.06% | 1.81% | 5.23% | 1.50% | 4.19% |
NHMRX Nuveen High Yield Municipal Bond Fund | -0.75% | 3.24% | 5.62% | 7.31% | -14.96% | 10.37% | 3.25% | 12.59% | 2.06% | 12.10% |
Returns By Period
In the year-to-date period, AHYMX achieves a -0.56% return, which is significantly higher than NHMRX's -0.75% return. Over the past 10 years, AHYMX has underperformed NHMRX with an annualized return of 1.49%, while NHMRX has yielded a comparatively higher 3.64% annualized return.
AHYMX
- 1D
- 0.11%
- 1M
- -1.87%
- YTD
- -0.56%
- 6M
- 0.63%
- 1Y
- 1.87%
- 3Y*
- 2.42%
- 5Y*
- 0.19%
- 10Y*
- 1.49%
NHMRX
- 1D
- 0.36%
- 1M
- -3.23%
- YTD
- -0.75%
- 6M
- 1.07%
- 1Y
- 2.53%
- 3Y*
- 4.02%
- 5Y*
- 1.21%
- 10Y*
- 3.64%
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AHYMX vs. NHMRX - Expense Ratio Comparison
AHYMX has a 0.68% expense ratio, which is higher than NHMRX's 0.52% expense ratio.
Return for Risk
AHYMX vs. NHMRX — Risk / Return Rank
AHYMX
NHMRX
AHYMX vs. NHMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Short Duration High Yield Municipal Fund (AHYMX) and Nuveen High Yield Municipal Bond Fund (NHMRX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AHYMX | NHMRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.58 | 0.42 | +0.16 |
Sortino ratioReturn per unit of downside risk | 0.81 | 0.61 | +0.21 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.12 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.70 | 0.42 | +0.28 |
Martin ratioReturn relative to average drawdown | 1.95 | 1.02 | +0.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AHYMX | NHMRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 0.42 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.18 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.54 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.87 | +0.05 |
Correlation
The correlation between AHYMX and NHMRX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AHYMX vs. NHMRX - Dividend Comparison
AHYMX's dividend yield for the trailing twelve months is around 4.21%, less than NHMRX's 5.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHYMX abrdn Short Duration High Yield Municipal Fund | 4.21% | 4.52% | 3.32% | 2.21% | 2.05% | 2.31% | 2.74% | 3.10% | 3.39% | 2.82% | 3.28% | 3.43% |
NHMRX Nuveen High Yield Municipal Bond Fund | 5.75% | 6.54% | 5.79% | 7.34% | 5.64% | 5.09% | 5.03% | 5.39% | 5.47% | 5.38% | 5.88% | 5.60% |
Drawdowns
AHYMX vs. NHMRX - Drawdown Comparison
The maximum AHYMX drawdown since its inception was -11.53%, smaller than the maximum NHMRX drawdown of -45.45%. Use the drawdown chart below to compare losses from any high point for AHYMX and NHMRX.
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Drawdown Indicators
| AHYMX | NHMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.53% | -45.45% | +33.92% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -7.92% | +4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -11.53% | -21.52% | +9.99% |
Max Drawdown (10Y)Largest decline over 10 years | -11.53% | -22.22% | +10.69% |
Current DrawdownCurrent decline from peak | -2.13% | -3.23% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -2.51% | -5.35% | +2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 3.28% | -1.92% |
Volatility
AHYMX vs. NHMRX - Volatility Comparison
The current volatility for abrdn Short Duration High Yield Municipal Fund (AHYMX) is 0.88%, while Nuveen High Yield Municipal Bond Fund (NHMRX) has a volatility of 1.61%. This indicates that AHYMX experiences smaller price fluctuations and is considered to be less risky than NHMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHYMX | NHMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 1.61% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | 2.63% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 8.02% | -4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.87% | 6.81% | -3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.58% | 6.71% | -4.13% |