HIMU vs. NXP
HIMU (iShares High Yield Muni Active ETF) is High Yield Muni fund actively managed by iShares, while NXP (Nuveen Select Tax-Free Income Portfolio) is a stock. Over the past year, HIMU returned 7.32% vs 7.13% for NXP. At a 0.29 correlation, their price movements are largely independent.
Performance
HIMU vs. NXP - Performance Comparison
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Returns By Period
In the year-to-date period, HIMU achieves a 3.66% return, which is significantly higher than NXP's 3.36% return.
HIMU
- 1D
- 0.26%
- 1M
- 2.47%
- YTD
- 3.66%
- 6M
- 3.75%
- 1Y
- 7.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NXP
- 1D
- -0.07%
- 1M
- 1.37%
- YTD
- 3.36%
- 6M
- 3.14%
- 1Y
- 7.13%
- 3Y*
- 3.66%
- 5Y*
- -1.15%
- 10Y*
- 3.16%
HIMU vs. NXP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIMU iShares High Yield Muni Active ETF | 3.66% | 1.48% |
NXP Nuveen Select Tax-Free Income Portfolio | 3.36% | -2.10% |
Correlation
The correlation between HIMU and NXP is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2025 | 0.29 |
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Return for Risk
HIMU vs. NXP — Risk / Return Rank
HIMU
NXP
HIMU vs. NXP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Muni Active ETF (HIMU) and Nuveen Select Tax-Free Income Portfolio (NXP). 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.
| HIMU | NXP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.18 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 2.12 | +0.11 |
| Martin ratioReturn relative to average drawdown | 7.03 | 5.31 | +1.73 |
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Drawdowns
HIMU vs. NXP - Drawdown Comparison
The maximum HIMU drawdown since its inception was -8.01%, smaller than the maximum NXP drawdown of -27.64%. Use the drawdown chart below to compare losses from any high point for HIMU and NXP.
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Drawdown Indicators
| HIMU | NXP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.01% | -27.64% | +19.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.29% | -3.37% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.64% | — |
Current DrawdownCurrent decline from peak | 0.00% | -6.69% | +6.69% |
Average DrawdownAverage peak-to-trough decline | -1.69% | -6.79% | +5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.35% | -0.31% |
Volatility
HIMU vs. NXP - Volatility Comparison
The current volatility for iShares High Yield Muni Active ETF (HIMU) is 0.99%, while Nuveen Select Tax-Free Income Portfolio (NXP) has a volatility of 2.27%. This indicates that HIMU experiences smaller price fluctuations and is considered to be less risky than NXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIMU | NXP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 2.27% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 5.91% | -2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.42% | 7.52% | -3.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.31% | 10.75% | -3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.31% | 12.08% | -4.77% |
Dividends
HIMU vs. NXP - Dividend Comparison
HIMU's dividend yield for the trailing twelve months is around 5.10%, more than NXP's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIMU iShares High Yield Muni Active ETF | 5.10% | 4.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NXP Nuveen Select Tax-Free Income Portfolio | 4.48% | 4.47% | 4.00% | 3.94% | 3.93% | 3.42% | 3.07% | 3.33% | 3.88% | 3.79% | 3.96% | 3.99% |
Frequently Asked Questions
HIMU and NXP have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXP has higher volatility (2.27%) compared to HIMU (0.99%). In terms of maximum drawdown, HIMU dropped -8.01% vs NXP's -27.64%.
HIMU currently has the higher Sharpe Ratio (1.66 vs 0.95), 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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