FJSYX vs. NHMRX

Last updated Jun 23, 2026

FJSYX (Nuveen Credit Income Fund) and NHMRX (Nuveen High Yield Municipal Bond Fund) are both mutual funds - FJSYX is a High Yield Bonds fund managed by Nuveen, while NHMRX is a High Yield Muni fund managed by Nuveen. Over the past 10 years, FJSYX returned 6.05%/yr vs 3.62%/yr for NHMRX. At a 0.22 correlation, their price movements are largely independent. FJSYX charges 0.75%/yr vs 0.52%/yr for NHMRX.

Performance

FJSYX vs. NHMRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Credit Income Fund (FJSYX) and Nuveen High Yield Municipal Bond Fund (NHMRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FJSYX achieves a 1.50% return, which is significantly lower than NHMRX's 3.47% return. Over the past 10 years, FJSYX has outperformed NHMRX with an annualized return of 6.05%, while NHMRX has yielded a comparatively lower 3.62% annualized return.

FJSYX

• 1D: 0.00%
• 1M: 0.86%
• YTD: 1.50%
• 6M: 2.10%
• 1Y: 7.35%
• 3Y*: 10.11%
• 5Y*: 4.93%
• 10Y*: 6.05%

NHMRX

• 1D: 0.14%
• 1M: 2.53%
• YTD: 3.47%
• 6M: 4.18%
• 1Y: 9.37%
• 3Y*: 4.96%
• 5Y*: 1.01%
• 10Y*: 3.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FJSYX vs. NHMRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FJSYX Nuveen Credit Income Fund	1.50%	8.21%	11.55%	13.62%	-10.00%	4.81%	1.43%	16.84%	-4.44%	7.57%
NHMRX Nuveen High Yield Municipal Bond Fund	3.47%	2.75%	5.62%	7.31%	-14.96%	9.93%	3.25%	12.59%	2.06%	12.10%

Correlation

The correlation between FJSYX and NHMRX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jun 7, 1999	0.22

Over the past year, FJSYX and NHMRX have become more correlated (0.51) than their long-term average of 0.22, meaning their price movements have been converging.

Return for Risk

FJSYX vs. NHMRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FJSYX

FJSYX Risk / Return Rank: 88
FJSYX Sharpe Ratio Rank: 85
FJSYX Sortino Ratio Rank: 95
FJSYX Omega Ratio Rank: 94
FJSYX Calmar Ratio Rank: 78
FJSYX Martin Ratio Rank: 87

NHMRX

NHMRX Risk / Return Rank: 63
NHMRX Sharpe Ratio Rank: 64
NHMRX Sortino Ratio Rank: 77
NHMRX Omega Ratio Rank: 82
NHMRX Calmar Ratio Rank: 52
NHMRX Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FJSYX vs. NHMRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Credit Income Fund (FJSYX) 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.

	FJSYX	NHMRX	Difference
Sharpe ratio: Return per unit of total volatility	2.55	2.15	+0.40
Sortino ratio: Return per unit of downside risk	4.68	3.37	+1.31
Omega ratio: Gain probability vs. loss probability	1.71	1.50	+0.22
Calmar ratio: Return relative to maximum drawdown	3.37	2.64	+0.73
Martin ratio: Return relative to average drawdown	15.37	7.99	+7.38

FJSYX vs. NHMRX - Sharpe Ratio Comparison

The current FJSYX Sharpe Ratio is 2.55, which is comparable to the NHMRX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of FJSYX and NHMRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FJSYX vs. NHMRX - Drawdown Comparison

The maximum FJSYX drawdown since its inception was -36.44%, smaller than the maximum NHMRX drawdown of -45.45%. Use the drawdown chart below to compare losses from any high point for FJSYX and NHMRX.

Drawdown Indicators

	FJSYX	NHMRX	Difference
Max Drawdown Largest peak-to-trough decline	-36.44%	-45.45%	+9.01%
Max Drawdown (1Y) Largest decline over 1 year	-2.25%	-3.58%	+1.33%
Max Drawdown (3Y) Largest decline over 3 years	-3.71%	-10.19%	+6.48%
Max Drawdown (5Y) Largest decline over 5 years	-14.28%	-21.52%	+7.24%
Max Drawdown (10Y) Largest decline over 10 years	-25.66%	-22.22%	-3.44%
Current Drawdown Current decline from peak	-0.15%	0.00%	-0.15%
Average Drawdown Average peak-to-trough decline	-4.18%	-5.32%	+1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.49%	1.18%	-0.69%

Volatility

FJSYX vs. NHMRX - Volatility Comparison

The current volatility for Nuveen Credit Income Fund (FJSYX) is 0.93%, while Nuveen High Yield Municipal Bond Fund (NHMRX) has a volatility of 1.03%. This indicates that FJSYX 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.

Volatility by Period

	FJSYX	NHMRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.93%	1.03%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	2.20%	3.06%	-0.86%
Volatility (1Y) Calculated over the trailing 1-year period	2.98%	4.40%	-1.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.34%	6.85%	-2.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.81%	6.73%	-0.92%

FJSYX vs. NHMRX - Expense Ratio Comparison

FJSYX has a 0.75% expense ratio, which is higher than NHMRX's 0.52% expense ratio.

Dividends

FJSYX vs. NHMRX - Dividend Comparison

FJSYX's dividend yield for the trailing twelve months is around 6.81%, more than NHMRX's 5.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FJSYX Nuveen Credit Income Fund	6.81%	8.29%	8.42%	7.32%	6.12%	4.71%	4.73%	6.17%	7.83%	7.07%	7.09%	8.07%
NHMRX Nuveen High Yield Municipal Bond Fund	5.61%	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

Can I hold both FJSYX and NHMRX in my portfolio?

FJSYX and NHMRX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FJSYX or NHMRX?

NHMRX has higher volatility (1.03%) compared to FJSYX (0.93%). In terms of maximum drawdown, FJSYX dropped -36.44% vs NHMRX's -45.45%.

Which has better risk-adjusted returns?

FJSYX currently has the higher Sharpe Ratio (2.55 vs 2.15), 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.