BTT vs. NHMRX
Compare and contrast key facts about Blackrock Municipal 2030 Target Term Trust (BTT) and Nuveen High Yield Municipal Bond Fund (NHMRX).
NHMRX is managed by Nuveen. It was launched on Jun 6, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTT or NHMRX.
Key characteristics
| BTT | NHMRX | |
|---|---|---|
| YTD Return | 0.73% | 3.50% |
| 1Y Return | 1.61% | 6.19% |
| 3Y Return (Ann) | -3.84% | -0.99% |
| 5Y Return (Ann) | 1.21% | 2.00% |
| 10Y Return (Ann) | 3.94% | 4.44% |
| Sharpe Ratio | 0.16 | 0.92 |
| Daily Std Dev | 8.64% | 6.72% |
| Max Drawdown | -30.72% | -45.46% |
| Current Drawdown | -14.92% | -7.33% |
Correlation
The correlation between BTT and NHMRX is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BTT vs. NHMRX - Performance Comparison
In the year-to-date period, BTT achieves a 0.73% return, which is significantly lower than NHMRX's 3.50% return. Over the past 10 years, BTT has underperformed NHMRX with an annualized return of 3.94%, while NHMRX has yielded a comparatively higher 4.44% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BTT vs. NHMRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock Municipal 2030 Target Term Trust (BTT) 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.
Dividends
BTT vs. NHMRX - Dividend Comparison
BTT's dividend yield for the trailing twelve months is around 2.88%, less than NHMRX's 5.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTT Blackrock Municipal 2030 Target Term Trust | 2.88% | 3.11% | 3.50% | 2.89% | 2.92% | 3.10% | 3.93% | 4.08% | 4.40% | 4.46% | 5.19% | 6.72% |
NHMRX Nuveen High Yield Municipal Bond Fund | 5.33% | 5.54% | 5.64% | 4.68% | 5.00% | 4.97% | 5.44% | 5.38% | 5.88% | 5.68% | 5.79% | 6.72% |
Drawdowns
BTT vs. NHMRX - Drawdown Comparison
The maximum BTT drawdown since its inception was -30.72%, smaller than the maximum NHMRX drawdown of -45.46%. Use the drawdown chart below to compare losses from any high point for BTT and NHMRX. For additional features, visit the drawdowns tool.
Volatility
BTT vs. NHMRX - Volatility Comparison
Blackrock Municipal 2030 Target Term Trust (BTT) has a higher volatility of 2.13% compared to Nuveen High Yield Municipal Bond Fund (NHMRX) at 1.42%. This indicates that BTT's price experiences larger fluctuations and is considered to be riskier than NHMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.