FVATX vs. USMTX
Compare and contrast key facts about Nuveen Virginia Municipal Bond Fund (FVATX) and JPMorgan Ultra-Short Municipal Fund (USMTX).
FVATX is managed by Nuveen. It was launched on Mar 26, 1986. USMTX is managed by JPMorgan. It was launched on May 30, 2016.
Performance
FVATX vs. USMTX - Performance Comparison
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FVATX vs. USMTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FVATX Nuveen Virginia Municipal Bond Fund | -0.16% | 3.33% | 2.33% | 8.28% | -10.78% | 1.44% | 4.93% | 7.87% | 0.25% | 5.64% |
USMTX JPMorgan Ultra-Short Municipal Fund | 0.32% | 2.96% | 3.30% | 3.46% | -0.71% | -0.05% | 1.07% | 2.01% | 1.32% | 0.88% |
Returns By Period
In the year-to-date period, FVATX achieves a -0.16% return, which is significantly lower than USMTX's 0.32% return.
FVATX
- 1D
- 0.61%
- 1M
- -1.83%
- YTD
- -0.16%
- 6M
- 1.47%
- 1Y
- 3.31%
- 3Y*
- 3.57%
- 5Y*
- 0.83%
- 10Y*
- 2.04%
USMTX
- 1D
- 0.00%
- 1M
- -0.30%
- YTD
- 0.32%
- 6M
- 0.91%
- 1Y
- 2.68%
- 3Y*
- 3.01%
- 5Y*
- 1.85%
- 10Y*
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FVATX vs. USMTX - Expense Ratio Comparison
FVATX has a 0.76% expense ratio, which is higher than USMTX's 0.24% expense ratio.
Return for Risk
FVATX vs. USMTX — Risk / Return Rank
FVATX
USMTX
FVATX vs. USMTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Virginia Municipal Bond Fund (FVATX) and JPMorgan Ultra-Short Municipal Fund (USMTX). 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.
| FVATX | USMTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.68 | 3.86 | -3.17 |
Sortino ratioReturn per unit of downside risk | 0.93 | 6.92 | -5.98 |
Omega ratioGain probability vs. loss probability | 1.20 | 3.29 | -2.09 |
Calmar ratioReturn relative to maximum drawdown | 0.80 | 6.97 | -6.17 |
Martin ratioReturn relative to average drawdown | 2.28 | 36.30 | -34.03 |
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
| FVATX | USMTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 3.86 | -3.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 2.60 | -2.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 2.09 | -0.98 |
Correlation
The correlation between FVATX and USMTX is 0.35, 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
FVATX vs. USMTX - Dividend Comparison
FVATX's dividend yield for the trailing twelve months is around 3.94%, more than USMTX's 2.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVATX Nuveen Virginia Municipal Bond Fund | 3.94% | 4.11% | 3.66% | 4.29% | 2.71% | 2.04% | 2.42% | 2.95% | 2.98% | 2.92% | 3.02% | 3.37% |
USMTX JPMorgan Ultra-Short Municipal Fund | 2.55% | 2.62% | 3.05% | 2.58% | 0.89% | 0.25% | 0.76% | 1.49% | 1.31% | 0.78% | 0.00% | 0.00% |
Drawdowns
FVATX vs. USMTX - Drawdown Comparison
The maximum FVATX drawdown since its inception was -19.13%, which is greater than USMTX's maximum drawdown of -1.98%. Use the drawdown chart below to compare losses from any high point for FVATX and USMTX.
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Drawdown Indicators
| FVATX | USMTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.13% | -1.98% | -17.15% |
Max Drawdown (1Y)Largest decline over 1 year | -5.65% | -0.40% | -5.25% |
Max Drawdown (5Y)Largest decline over 5 years | -16.14% | -1.92% | -14.22% |
Max Drawdown (10Y)Largest decline over 10 years | -16.14% | — | — |
Current DrawdownCurrent decline from peak | -2.11% | -0.30% | -1.81% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -0.19% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 0.08% | +1.91% |
Volatility
FVATX vs. USMTX - Volatility Comparison
Nuveen Virginia Municipal Bond Fund (FVATX) has a higher volatility of 1.29% compared to JPMorgan Ultra-Short Municipal Fund (USMTX) at 0.22%. This indicates that FVATX's price experiences larger fluctuations and is considered to be riskier than USMTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVATX | USMTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 0.22% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 0.40% | +1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.50% | 0.70% | +4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.40% | 0.72% | +3.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 0.75% | +3.50% |