JCE vs. NVHIX
Compare and contrast key facts about Nuveen Core Equity Alpha Fund (JCE) and Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX).
JCE is an actively managed fund by Nuveen. It was launched on Mar 27, 2007. NVHIX is managed by Nuveen. It was launched on Jan 31, 2013.
Performance
JCE vs. NVHIX - Performance Comparison
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JCE vs. NVHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JCE Nuveen Core Equity Alpha Fund | -5.16% | 9.06% | 27.90% | 10.67% | -14.29% | 47.67% | 3.59% | 30.50% | -11.11% | 31.98% |
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | -0.04% | 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, JCE achieves a -5.16% return, which is significantly lower than NVHIX's -0.04% return. Over the past 10 years, JCE has outperformed NVHIX with an annualized return of 11.60%, while NVHIX has yielded a comparatively lower 3.17% annualized return.
JCE
- 1D
- 4.75%
- 1M
- -4.62%
- YTD
- -5.16%
- 6M
- -1.92%
- 1Y
- 10.24%
- 3Y*
- 16.14%
- 5Y*
- 11.11%
- 10Y*
- 11.60%
NVHIX
- 1D
- 0.00%
- 1M
- -1.79%
- YTD
- -0.04%
- 6M
- 0.91%
- 1Y
- 1.94%
- 3Y*
- 3.86%
- 5Y*
- 2.17%
- 10Y*
- 3.17%
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JCE vs. NVHIX - Expense Ratio Comparison
JCE has a 1.00% expense ratio, which is higher than NVHIX's 0.55% expense ratio.
Return for Risk
JCE vs. NVHIX — Risk / Return Rank
JCE
NVHIX
JCE vs. NVHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Core Equity Alpha Fund (JCE) 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.
| JCE | NVHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 0.67 | -0.10 |
Sortino ratioReturn per unit of downside risk | 0.96 | 0.92 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.19 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.96 | 0.68 | +0.28 |
Martin ratioReturn relative to average drawdown | 4.01 | 2.00 | +2.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JCE | NVHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.67 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.66 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.92 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 1.08 | -0.67 |
Correlation
The correlation between JCE and NVHIX is 0.07, 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
JCE vs. NVHIX - Dividend Comparison
JCE's dividend yield for the trailing twelve months is around 8.80%, more than NVHIX's 4.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JCE Nuveen Core Equity Alpha Fund | 8.80% | 8.03% | 8.05% | 9.45% | 17.22% | 9.89% | 6.57% | 6.84% | 9.23% | 17.33% | 8.68% | 19.27% |
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | 4.70% | 5.15% | 4.36% | 4.41% | 3.84% | 3.43% | 3.90% | 4.03% | 3.90% | 3.78% | 3.62% | 3.55% |
Drawdowns
JCE vs. NVHIX - Drawdown Comparison
The maximum JCE drawdown since its inception was -57.63%, which is greater than NVHIX's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for JCE and NVHIX.
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Drawdown Indicators
| JCE | NVHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.63% | -13.54% | -44.09% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -3.63% | -8.11% |
Max Drawdown (5Y)Largest decline over 5 years | -30.24% | -10.54% | -19.70% |
Max Drawdown (10Y)Largest decline over 10 years | -43.56% | -13.54% | -30.02% |
Current DrawdownCurrent decline from peak | -6.63% | -1.79% | -4.84% |
Average DrawdownAverage peak-to-trough decline | -9.33% | -2.06% | -7.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 1.25% | +1.62% |
Volatility
JCE vs. NVHIX - Volatility Comparison
Nuveen Core Equity Alpha Fund (JCE) has a higher volatility of 6.95% compared to Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) at 0.63%. This indicates that JCE'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
| JCE | NVHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.95% | 0.63% | +6.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.79% | 1.43% | +9.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 3.77% | +14.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 3.32% | +19.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.52% | 3.47% | +19.05% |