FMITX vs. TFCYX
Compare and contrast key facts about Nuveen Michigan Municipal Bond Fund (FMITX) and SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX).
FMITX is managed by Nuveen. It was launched on Jun 26, 1985. TFCYX is managed by BlackRock. It was launched on Apr 21, 2016.
Performance
FMITX vs. TFCYX - Performance Comparison
Loading graphics...
FMITX vs. TFCYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMITX Nuveen Michigan Municipal Bond Fund | -0.98% | 2.98% | 0.98% | 5.35% | -10.59% | 1.30% | 5.10% | 7.07% | 0.58% | 5.00% |
TFCYX SEI Institutional Managed Trust Tax-Free Conservative Income Fund | 0.32% | 2.71% | 3.24% | 2.77% | 0.72% | 0.10% | 0.46% | 1.40% | 1.25% | 0.69% |
Returns By Period
In the year-to-date period, FMITX achieves a -0.98% return, which is significantly lower than TFCYX's 0.32% return.
FMITX
- 1D
- 0.19%
- 1M
- -2.63%
- YTD
- -0.98%
- 6M
- 0.90%
- 1Y
- 3.06%
- 3Y*
- 1.94%
- 5Y*
- -0.24%
- 10Y*
- 1.40%
TFCYX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.32%
- 6M
- 0.99%
- 1Y
- 2.34%
- 3Y*
- 2.75%
- 5Y*
- 1.95%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FMITX vs. TFCYX - Expense Ratio Comparison
FMITX has a 0.78% expense ratio, which is higher than TFCYX's 0.13% expense ratio.
Return for Risk
FMITX vs. TFCYX — Risk / Return Rank
FMITX
TFCYX
FMITX vs. TFCYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Michigan Municipal Bond Fund (FMITX) and SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX). 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.
| FMITX | TFCYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 3.20 | -2.49 |
Sortino ratioReturn per unit of downside risk | 0.96 | 9.75 | -8.79 |
Omega ratioGain probability vs. loss probability | 1.19 | 4.68 | -3.49 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 26.02 | -25.29 |
Martin ratioReturn relative to average drawdown | 1.84 | 69.86 | -68.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FMITX | TFCYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 3.20 | -2.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 1.61 | -1.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 1.61 | -0.51 |
Correlation
The correlation between FMITX and TFCYX is 0.22, 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.
Dividends
FMITX vs. TFCYX - Dividend Comparison
FMITX's dividend yield for the trailing twelve months is around 3.01%, more than TFCYX's 2.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMITX Nuveen Michigan Municipal Bond Fund | 3.01% | 3.17% | 2.96% | 2.60% | 2.29% | 2.05% | 2.34% | 2.65% | 2.67% | 2.93% | 3.34% | 3.84% |
TFCYX SEI Institutional Managed Trust Tax-Free Conservative Income Fund | 2.31% | 2.68% | 3.19% | 2.63% | 0.72% | 0.00% | 0.46% | 1.39% | 1.24% | 0.68% | 0.00% | 0.00% |
Drawdowns
FMITX vs. TFCYX - Drawdown Comparison
The maximum FMITX drawdown since its inception was -18.15%, which is greater than TFCYX's maximum drawdown of -1.10%. Use the drawdown chart below to compare losses from any high point for FMITX and TFCYX.
Loading graphics...
Drawdown Indicators
| FMITX | TFCYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.15% | -1.10% | -17.05% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -0.10% | -4.75% |
Max Drawdown (5Y)Largest decline over 5 years | -15.48% | -1.10% | -14.38% |
Max Drawdown (10Y)Largest decline over 10 years | -15.48% | — | — |
Current DrawdownCurrent decline from peak | -3.57% | -0.10% | -3.47% |
Average DrawdownAverage peak-to-trough decline | -2.36% | -0.02% | -2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 0.04% | +1.87% |
Volatility
FMITX vs. TFCYX - Volatility Comparison
Nuveen Michigan Municipal Bond Fund (FMITX) has a higher volatility of 1.14% compared to SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX) at 0.14%. This indicates that FMITX's price experiences larger fluctuations and is considered to be riskier than TFCYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FMITX | TFCYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 0.14% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 0.56% | +1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.99% | 0.82% | +4.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.10% | 1.21% | +2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.09% | 0.92% | +3.17% |