FGIYX vs. NHMRX
FGIYX (Nuveen Global Infrastructure Fund) and NHMRX (Nuveen High Yield Municipal Bond Fund) are both mutual funds - FGIYX is a Infrastructure Equities fund managed by Nuveen, while NHMRX is a High Yield Muni fund managed by Nuveen. Over the past 10 years, FGIYX returned 9.04%/yr vs 3.32%/yr for NHMRX. Their 0.07 correlation means their historical movements had little consistent relationship. FGIYX charges 0.97%/yr vs 0.52%/yr for NHMRX.
Performance
FGIYX vs. NHMRX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FGIYX achieves a 11.94% return, which is significantly higher than NHMRX's 1.87% return. Over the past 10 years, FGIYX has outperformed NHMRX with an annualized return of 9.04%, while NHMRX has yielded a comparatively lower 3.32% annualized return.
FGIYX
- 1D
- 0.31%
- 1M
- -1.84%
- 6M
- 6.71%
- YTD
- 11.94%
- 1Y
- 15.88%
- 3Y*
- 14.33%
- 5Y*
- 9.86%
- 10Y*
- 9.04%
- ALL TIME*
- 7.52%
NHMRX
- 1D
- -0.35%
- 1M
- -2.55%
- 6M
- 1.31%
- YTD
- 1.87%
- 1Y
- 8.96%
- 3Y*
- 4.76%
- 5Y*
- 0.44%
- 10Y*
- 3.32%
- ALL TIME*
- 4.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FGIYX vs. NHMRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGIYX Nuveen Global Infrastructure Fund | 11.94% | 18.08% | 10.91% | 8.90% | -6.10% | 14.85% | -2.55% | 36.57% | -7.70% | 19.64% |
NHMRX Nuveen High Yield Municipal Bond Fund | 1.87% | 2.75% | 5.62% | 7.31% | -14.96% | 9.93% | 3.25% | 12.59% | 2.06% | 12.10% |
Correlation
The correlation between FGIYX and NHMRX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2007 | 0.07 |
The correlation between FGIYX and NHMRX shifts across timeframes, from 0.07 (all time) to 0.27 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FGIYX vs. NHMRX — Risk / Return Rank
FGIYX
NHMRX
FGIYX vs. NHMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Global Infrastructure Fund (FGIYX) 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.
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.
| FGIYX | NHMRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.54 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.84 | -0.09 |
| Martin ratioReturn relative to average drawdown | 8.54 | 10.44 | -1.90 |
Loading charts...
Drawdowns
FGIYX vs. NHMRX - Drawdown Comparison
The maximum FGIYX drawdown since its inception was -49.18%, which is greater than NHMRX's maximum drawdown of -45.45%. Use the drawdown chart below to compare losses from any high point for FGIYX and NHMRX.
Loading charts...
Drawdown Indicators
| FGIYX | NHMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.18% | -45.45% | -3.73% |
Max Drawdown (1Y)Largest decline over 1 year | -5.99% | -3.58% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -9.71% | -8.86% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -21.52% | +0.60% |
Max Drawdown (10Y)Largest decline over 10 years | -38.06% | -22.22% | -15.84% |
Current DrawdownCurrent decline from peak | -2.66% | -2.55% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -6.99% | -5.30% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 0.97% | +0.95% |
Volatility
FGIYX vs. NHMRX - Volatility Comparison
Nuveen Global Infrastructure Fund (FGIYX) has a higher volatility of 3.39% compared to Nuveen High Yield Municipal Bond Fund (NHMRX) at 1.26%. This indicates that FGIYX'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.
Loading charts...
Volatility by Period
| FGIYX | NHMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 1.26% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.02% | 3.29% | +5.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.67% | 4.33% | +6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.23% | 6.88% | +6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.29% | 6.74% | +8.55% |
FGIYX vs. NHMRX - Expense Ratio Comparison
FGIYX has a 0.97% expense ratio, which is higher than NHMRX's 0.52% expense ratio.
Dividends
FGIYX vs. NHMRX - Dividend Comparison
FGIYX's dividend yield for the trailing twelve months is around 14.85%, more than NHMRX's 5.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGIYX Nuveen Global Infrastructure Fund | 14.85% | 10.28% | 7.74% | 2.51% | 6.41% | 7.48% | 1.62% | 12.32% | 6.62% | 6.10% | 8.64% | 3.31% |
NHMRX Nuveen High Yield Municipal Bond Fund | 5.24% | 6.07% | 5.79% | 7.34% | 5.64% | 4.69% | 5.03% | 5.39% | 5.47% | 5.38% | 5.88% | 5.60% |
Frequently Asked Questions
FGIYX and NHMRX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGIYX has higher volatility (3.39%) compared to NHMRX (1.26%). In terms of maximum drawdown, FGIYX dropped -49.18% vs NHMRX's -45.45%.
NHMRX currently has the higher Sharpe Ratio (2.35 vs 1.55), 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.
Find the right allocation for FGIYX and NHMRX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer