FOHTX vs. NHMRX
FOHTX (Nuveen Ohio Municipal Bond Fund) and NHMRX (Nuveen High Yield Municipal Bond Fund) are both mutual funds - FOHTX is a Municipal Bonds fund managed by Nuveen, while NHMRX is a High Yield Muni fund managed by Nuveen. Over the past 10 years, FOHTX returned 1.85%/yr vs 3.57%/yr for NHMRX. Their correlation of 0.81 suggests significant overlap in exposure. FOHTX charges 0.76%/yr vs 0.52%/yr for NHMRX.
Performance
FOHTX vs. NHMRX - Performance Comparison
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Returns By Period
In the year-to-date period, FOHTX achieves a 1.56% return, which is significantly lower than NHMRX's 3.32% return. Over the past 10 years, FOHTX has underperformed NHMRX with an annualized return of 1.85%, while NHMRX has yielded a comparatively higher 3.57% annualized return.
FOHTX
- 1D
- -0.09%
- 1M
- 1.62%
- YTD
- 1.56%
- 6M
- 2.25%
- 1Y
- 6.70%
- 3Y*
- 3.06%
- 5Y*
- 0.79%
- 10Y*
- 1.85%
NHMRX
- 1D
- -0.14%
- 1M
- 2.39%
- YTD
- 3.32%
- 6M
- 3.96%
- 1Y
- 9.06%
- 3Y*
- 4.96%
- 5Y*
- 0.97%
- 10Y*
- 3.57%
FOHTX vs. NHMRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FOHTX Nuveen Ohio Municipal Bond Fund | 1.56% | 3.58% | 0.34% | 5.63% | -7.46% | 1.77% | 5.17% | 7.31% | 1.06% | 4.85% |
NHMRX Nuveen High Yield Municipal Bond Fund | 3.32% | 2.75% | 5.62% | 7.31% | -14.96% | 9.93% | 3.25% | 12.59% | 2.06% | 12.10% |
Correlation
The correlation between FOHTX and NHMRX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 1999 | 0.81 |
The correlation between FOHTX and NHMRX shifts across timeframes, from 0.81 (all time) to 0.93 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FOHTX vs. NHMRX — Risk / Return Rank
FOHTX
NHMRX
FOHTX vs. NHMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Ohio Municipal Bond Fund (FOHTX) 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.
| FOHTX | NHMRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.48 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.60 | -0.19 |
| Martin ratioReturn relative to average drawdown | 8.03 | 7.86 | +0.17 |
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Drawdowns
FOHTX vs. NHMRX - Drawdown Comparison
The maximum FOHTX drawdown since its inception was -17.86%, smaller than the maximum NHMRX drawdown of -45.45%. Use the drawdown chart below to compare losses from any high point for FOHTX and NHMRX.
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Drawdown Indicators
| FOHTX | NHMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.86% | -45.45% | +27.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -3.58% | +0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -6.46% | -10.19% | +3.73% |
Max Drawdown (5Y)Largest decline over 5 years | -12.04% | -21.52% | +9.48% |
Max Drawdown (10Y)Largest decline over 10 years | -12.04% | -22.22% | +10.18% |
Current DrawdownCurrent decline from peak | -0.32% | -0.14% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -5.32% | +3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.18% | -0.33% |
Volatility
FOHTX vs. NHMRX - Volatility Comparison
The current volatility for Nuveen Ohio Municipal Bond Fund (FOHTX) is 0.79%, while Nuveen High Yield Municipal Bond Fund (NHMRX) has a volatility of 1.07%. This indicates that FOHTX 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.
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Volatility by Period
| FOHTX | NHMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 1.07% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 3.06% | -0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.87% | 4.41% | -1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.91% | 6.85% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.02% | 6.73% | -2.71% |
FOHTX vs. NHMRX - Expense Ratio Comparison
FOHTX has a 0.76% expense ratio, which is higher than NHMRX's 0.52% expense ratio.
Dividends
FOHTX vs. NHMRX - Dividend Comparison
FOHTX's dividend yield for the trailing twelve months is around 3.71%, less than NHMRX's 5.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOHTX Nuveen Ohio Municipal Bond Fund | 3.71% | 3.76% | 3.04% | 3.09% | 2.38% | 2.00% | 2.74% | 3.02% | 2.98% | 3.23% | 3.33% | 3.55% |
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
FOHTX and NHMRX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NHMRX has higher volatility (1.07%) compared to FOHTX (0.79%). In terms of maximum drawdown, FOHTX dropped -17.86% vs NHMRX's -45.45%.
FOHTX currently has the higher Sharpe Ratio (2.39 vs 2.11), 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.
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