LEO vs. NUV
LEO (BNY Mellon Strategic Municipals, Inc.) is a stock, while NUV (Nuveen Municipal Value Fund Inc.) is Municipal Bonds fund actively managed by Nuveen. Over the past 10 years, LEO returned 0.75%/yr vs 2.33%/yr for NUV. Their 0.34 correlation means their historical movements had little consistent relationship.
Performance
LEO vs. NUV - Performance Comparison
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Returns By Period
In the year-to-date period, LEO achieves a -0.44% return, which is significantly lower than NUV's 3.54% return. Over the past 10 years, LEO has underperformed NUV with an annualized return of 0.75%, while NUV has yielded a comparatively higher 2.33% annualized return.
LEO
- 1D
- -0.65%
- 1M
- -4.50%
- 6M
- -2.63%
- YTD
- -0.44%
- 1Y
- 9.89%
- 3Y*
- 4.72%
- 5Y*
- -3.65%
- 10Y*
- 0.75%
- ALL TIME*
- 4.71%
NUV
- 1D
- 0.33%
- 1M
- -0.52%
- 6M
- 2.26%
- YTD
- 3.54%
- 1Y
- 10.82%
- 3Y*
- 5.98%
- 5Y*
- -1.04%
- 10Y*
- 2.33%
- ALL TIME*
- 3.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.54M | $1.70M | $1.48M | |
| $4.58M | $4.45M | $4.78M |
LEO vs. NUV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LEO BNY Mellon Strategic Municipals, Inc. | -0.44% | 9.85% | 6.94% | 0.07% | -24.13% | 4.53% | 5.03% | 24.76% | -12.13% | 9.07% |
NUV Nuveen Municipal Value Fund Inc. | 3.54% | 10.27% | 4.04% | 3.99% | -14.03% | -3.51% | 7.50% | 19.75% | -4.83% | 10.33% |
Correlation
The correlation between LEO and NUV is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.34 |
The correlation between LEO and NUV shifts across timeframes, from 0.34 (all time) to 0.52 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
LEO vs. NUV — Risk / Return Rank
LEO
NUV
LEO vs. NUV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Strategic Municipals, Inc. (LEO) and Nuveen Municipal Value Fund Inc. (NUV). 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.
| LEO | NUV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.32 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 2.81 | -1.29 |
| Martin ratioReturn relative to average drawdown | 5.51 | 13.26 | -7.75 |
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Drawdowns
LEO vs. NUV - Drawdown Comparison
The maximum LEO drawdown since its inception was -47.35%, which is greater than NUV's maximum drawdown of -35.42%. Use the drawdown chart below to compare losses from any high point for LEO and NUV.
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Drawdown Indicators
| LEO | NUV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.35% | -35.42% | -11.93% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -4.20% | -2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -15.50% | -7.88% | -7.62% |
Max Drawdown (5Y)Largest decline over 5 years | -41.53% | -28.29% | -13.24% |
Max Drawdown (10Y)Largest decline over 10 years | -41.53% | -28.29% | -13.24% |
Current DrawdownCurrent decline from peak | -19.47% | -6.28% | -13.19% |
Average DrawdownAverage peak-to-trough decline | -9.83% | -8.98% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 0.89% | +0.98% |
Volatility
LEO vs. NUV - Volatility Comparison
BNY Mellon Strategic Municipals, Inc. (LEO) has a higher volatility of 2.53% compared to Nuveen Municipal Value Fund Inc. (NUV) at 1.41%. This indicates that LEO's price experiences larger fluctuations and is considered to be riskier than NUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LEO | NUV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 1.41% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 5.12% | +3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.52% | 6.71% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.39% | 9.49% | +2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.87% | 10.29% | +3.58% |
Dividends
LEO vs. NUV - Dividend Comparison
LEO's dividend yield for the trailing twelve months is around 4.91%, more than NUV's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEO BNY Mellon Strategic Municipals, Inc. | 4.91% | 4.03% | 3.77% | 4.37% | 5.66% | 4.84% | 4.95% | 4.94% | 5.96% | 5.97% | 6.14% | 6.04% |
NUV Nuveen Municipal Value Fund Inc. | 4.26% | 4.30% | 4.16% | 3.94% | 3.91% | 3.41% | 3.35% | 3.48% | 4.01% | 3.99% | 4.10% | 3.95% |
Frequently Asked Questions
LEO and NUV have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LEO has higher volatility (2.53%) compared to NUV (1.41%). In terms of maximum drawdown, LEO dropped -47.35% vs NUV's -35.42%.
NUV currently has the higher Sharpe Ratio (1.76 vs 0.98), 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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