BMEZ vs. NZF
BMEZ (BlackRock Health Sciences Trust II) is a stock, while NZF (Nuveen Municipal Credit Income Fund) is Municipal Bonds fund tracking the S&P National Municipal Bond Index. Over the past 5 years, BMEZ returned -3.48%/yr vs 0.01%/yr for NZF. At a 0.30 correlation, their price movements are largely independent.
Performance
BMEZ vs. NZF - Performance Comparison
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Returns By Period
In the year-to-date period, BMEZ achieves a 0.31% return, which is significantly lower than NZF's 3.68% return.
BMEZ
- 1D
- 0.69%
- 1M
- 4.98%
- YTD
- 0.31%
- 6M
- 0.51%
- 1Y
- 10.91%
- 3Y*
- 7.27%
- 5Y*
- -3.48%
- 10Y*
- —
NZF
- 1D
- -0.47%
- 1M
- 2.43%
- YTD
- 3.68%
- 6M
- 3.27%
- 1Y
- 14.41%
- 3Y*
- 10.46%
- 5Y*
- 0.01%
- 10Y*
- 3.63%
BMEZ vs. NZF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BMEZ BlackRock Health Sciences Trust II | 0.31% | 18.69% | 9.54% | 5.07% | -32.65% | -6.00% | 48.99% |
NZF Nuveen Municipal Credit Income Fund | 3.68% | 11.78% | 10.09% | 2.49% | -25.53% | 11.19% | 3.18% |
Correlation
The correlation between BMEZ and NZF is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2020 | 0.30 |
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Return for Risk
BMEZ vs. NZF — Risk / Return Rank
BMEZ
NZF
BMEZ vs. NZF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Health Sciences Trust II (BMEZ) and Nuveen Municipal Credit Income Fund (NZF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BMEZ | NZF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.26 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 1.76 | -0.90 |
| Martin ratioReturn relative to average drawdown | 2.11 | 7.22 | -5.11 |
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Drawdowns
BMEZ vs. NZF - Drawdown Comparison
The maximum BMEZ drawdown since its inception was -46.19%, roughly equal to the maximum NZF drawdown of -48.55%. Use the drawdown chart below to compare losses from any high point for BMEZ and NZF.
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Drawdown Indicators
| BMEZ | NZF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.19% | -48.55% | +2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -11.24% | -8.11% | -3.13% |
Max Drawdown (3Y)Largest decline over 3 years | -18.41% | -15.59% | -2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -46.17% | -37.42% | -8.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.42% | — |
Current DrawdownCurrent decline from peak | -19.53% | -3.50% | -16.03% |
Average DrawdownAverage peak-to-trough decline | -24.14% | -7.77% | -16.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 1.97% | +2.62% |
Volatility
BMEZ vs. NZF - Volatility Comparison
BlackRock Health Sciences Trust II (BMEZ) has a higher volatility of 5.24% compared to Nuveen Municipal Credit Income Fund (NZF) at 3.61%. This indicates that BMEZ's price experiences larger fluctuations and is considered to be riskier than NZF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMEZ | NZF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 3.61% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 8.30% | +3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.28% | 10.47% | +4.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.91% | 12.39% | +7.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.12% | 13.11% | +11.01% |
Dividends
BMEZ vs. NZF - Dividend Comparison
BMEZ's dividend yield for the trailing twelve months is around 10.62%, more than NZF's 7.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMEZ BlackRock Health Sciences Trust II | 9.46% | 12.43% | 11.74% | 10.80% | 11.28% | 6.51% | 3.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NZF Nuveen Municipal Credit Income Fund | 6.92% | 7.58% | 6.84% | 4.51% | 5.80% | 4.63% | 4.74% | 4.82% | 6.05% | 5.86% | 6.26% | 5.50% |
Frequently Asked Questions
BMEZ and NZF have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMEZ has higher volatility (5.24%) compared to NZF (3.61%). In terms of maximum drawdown, BMEZ dropped -46.19% vs NZF's -48.55%.
NZF currently has the higher Sharpe Ratio (1.36 vs 0.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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