FDUAX vs. NVHIX
Compare and contrast key facts about First Eagle Short Duration High Yield Municipal Fund Class A (FDUAX) and Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX).
FDUAX is an actively managed fund by First Eagle. It was launched on Feb 2, 2024. NVHIX is managed by Nuveen. It was launched on Jan 31, 2013.
Performance
FDUAX vs. NVHIX - Performance Comparison
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FDUAX vs. NVHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FDUAX First Eagle Short Duration High Yield Municipal Fund Class A | -0.44% | 1.20% | 6.66% |
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | -0.04% | 2.43% | 6.88% |
Returns By Period
In the year-to-date period, FDUAX achieves a -0.44% return, which is significantly lower than NVHIX's -0.04% return.
FDUAX
- 1D
- 0.10%
- 1M
- -1.61%
- YTD
- -0.44%
- 6M
- -0.53%
- 1Y
- -0.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVHIX
- 1D
- 0.00%
- 1M
- -1.79%
- YTD
- -0.04%
- 6M
- 0.91%
- 1Y
- 1.94%
- 3Y*
- 3.86%
- 5Y*
- 2.17%
- 10Y*
- 3.17%
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FDUAX vs. NVHIX - Expense Ratio Comparison
FDUAX has a 0.87% expense ratio, which is higher than NVHIX's 0.55% expense ratio.
Return for Risk
FDUAX vs. NVHIX — Risk / Return Rank
FDUAX
NVHIX
FDUAX vs. NVHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle Short Duration High Yield Municipal Fund Class A (FDUAX) and Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX). 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.
| FDUAX | NVHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.10 | 0.67 | -0.77 |
Sortino ratioReturn per unit of downside risk | -0.11 | 0.92 | -1.03 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.19 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 0.03 | 0.68 | -0.65 |
Martin ratioReturn relative to average drawdown | 0.08 | 2.00 | -1.92 |
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
| FDUAX | NVHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | 0.67 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 1.08 | -0.06 |
Correlation
The correlation between FDUAX and NVHIX 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
FDUAX vs. NVHIX - Dividend Comparison
FDUAX's dividend yield for the trailing twelve months is around 4.65%, less than NVHIX's 4.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDUAX First Eagle Short Duration High Yield Municipal Fund Class A | 4.65% | 4.83% | 3.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | 4.70% | 5.15% | 4.36% | 4.41% | 3.84% | 3.43% | 3.90% | 4.03% | 3.90% | 3.78% | 3.62% | 3.55% |
Drawdowns
FDUAX vs. NVHIX - Drawdown Comparison
The maximum FDUAX drawdown since its inception was -3.96%, smaller than the maximum NVHIX drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for FDUAX and NVHIX.
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Drawdown Indicators
| FDUAX | NVHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.96% | -13.54% | +9.58% |
Max Drawdown (1Y)Largest decline over 1 year | -3.96% | -3.63% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.54% | — |
Current DrawdownCurrent decline from peak | -1.61% | -1.79% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -2.06% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.25% | +0.35% |
Volatility
FDUAX vs. NVHIX - Volatility Comparison
First Eagle Short Duration High Yield Municipal Fund Class A (FDUAX) and Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) have volatilities of 0.61% and 0.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDUAX | NVHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.63% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.64% | 1.43% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 3.77% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.28% | 3.32% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.28% | 3.47% | -0.19% |