FLAAX vs. NVHIX
Compare and contrast key facts about Nuveen All-American Municipal Bond Fund (FLAAX) and Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX).
FLAAX is managed by Nuveen. It was launched on Oct 2, 1988. NVHIX is managed by Nuveen. It was launched on Jan 31, 2013.
Performance
FLAAX vs. NVHIX - Performance Comparison
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FLAAX vs. NVHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLAAX Nuveen All-American Municipal Bond Fund | -0.24% | 2.78% | 2.58% | 6.52% | -16.29% | 3.89% | 5.64% | 9.03% | 0.50% | 8.03% |
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | 0.58% | 2.43% | 6.88% | 3.54% | -6.73% | 8.44% | -0.10% | 8.27% | 3.47% | 8.17% |
Returns By Period
In the year-to-date period, FLAAX achieves a -0.24% return, which is significantly lower than NVHIX's 0.58% return. Over the past 10 years, FLAAX has underperformed NVHIX with an annualized return of 1.83%, while NVHIX has yielded a comparatively higher 3.24% annualized return.
FLAAX
- 1D
- 0.57%
- 1M
- -2.03%
- YTD
- -0.24%
- 6M
- 1.03%
- 1Y
- 2.50%
- 3Y*
- 2.97%
- 5Y*
- -0.55%
- 10Y*
- 1.83%
NVHIX
- 1D
- 0.62%
- 1M
- -0.97%
- YTD
- 0.58%
- 6M
- 1.64%
- 1Y
- 2.36%
- 3Y*
- 4.08%
- 5Y*
- 2.27%
- 10Y*
- 3.24%
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FLAAX vs. NVHIX - Expense Ratio Comparison
FLAAX has a 0.66% expense ratio, which is higher than NVHIX's 0.55% expense ratio.
Return for Risk
FLAAX vs. NVHIX — Risk / Return Rank
FLAAX
NVHIX
FLAAX vs. NVHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen All-American Municipal Bond Fund (FLAAX) 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.
| FLAAX | NVHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 0.69 | -0.10 |
Sortino ratioReturn per unit of downside risk | 0.80 | 0.95 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 0.92 | -0.18 |
Martin ratioReturn relative to average drawdown | 2.12 | 2.67 | -0.55 |
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
| FLAAX | NVHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.69 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.69 | -0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.94 | -0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 1.09 | -0.17 |
Correlation
The correlation between FLAAX and NVHIX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FLAAX vs. NVHIX - Dividend Comparison
FLAAX's dividend yield for the trailing twelve months is around 4.30%, less than NVHIX's 5.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLAAX Nuveen All-American Municipal Bond Fund | 4.30% | 4.21% | 3.85% | 3.55% | 3.39% | 2.83% | 3.07% | 3.69% | 3.72% | 3.65% | 3.79% | 3.84% |
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | 5.10% | 5.15% | 4.36% | 4.41% | 3.84% | 3.43% | 3.90% | 4.03% | 3.90% | 3.78% | 3.62% | 3.55% |
Drawdowns
FLAAX vs. NVHIX - Drawdown Comparison
The maximum FLAAX drawdown since its inception was -21.01%, which is greater than NVHIX's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for FLAAX and NVHIX.
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Drawdown Indicators
| FLAAX | NVHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.01% | -13.54% | -7.47% |
Max Drawdown (1Y)Largest decline over 1 year | -4.96% | -3.63% | -1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -10.54% | -10.47% |
Max Drawdown (10Y)Largest decline over 10 years | -21.01% | -13.54% | -7.47% |
Current DrawdownCurrent decline from peak | -6.59% | -1.18% | -5.41% |
Average DrawdownAverage peak-to-trough decline | -2.73% | -2.06% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.25% | +0.49% |
Volatility
FLAAX vs. NVHIX - Volatility Comparison
Nuveen All-American Municipal Bond Fund (FLAAX) has a higher volatility of 1.36% compared to Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) at 0.93%. This indicates that FLAAX's price experiences larger fluctuations and is considered to be riskier than NVHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLAAX | NVHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 0.93% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 1.92% | 1.55% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.01% | 3.81% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.52% | 3.33% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 3.47% | +1.18% |