LTNYX vs. NMTRX
LTNYX (Invesco Rochester Limited Term New York Municipal Fund) and NMTRX (Nuveen Municipal Total Return Managed Accounts) are both Municipal Bonds funds. Over the past 10 years, LTNYX returned 2.36%/yr vs 2.29%/yr for NMTRX. At a 0.50 correlation, their price movements are largely independent. LTNYX charges 0.75%/yr vs 0.05%/yr for NMTRX.
Performance
LTNYX vs. NMTRX - Performance Comparison
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Returns By Period
In the year-to-date period, LTNYX achieves a 1.29% return, which is significantly lower than NMTRX's 2.68% return. Both investments have delivered pretty close results over the past 10 years, with LTNYX having a 2.36% annualized return and NMTRX not far behind at 2.29%.
LTNYX
- 1D
- 0.00%
- 1M
- 1.03%
- YTD
- 1.29%
- 6M
- 1.60%
- 1Y
- 5.05%
- 3Y*
- 3.54%
- 5Y*
- 1.09%
- 10Y*
- 2.36%
NMTRX
- 1D
- 0.10%
- 1M
- 2.01%
- YTD
- 2.68%
- 6M
- 3.08%
- 1Y
- 8.28%
- 3Y*
- 4.20%
- 5Y*
- 0.52%
- 10Y*
- 2.29%
LTNYX vs. NMTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LTNYX Invesco Rochester Limited Term New York Municipal Fund | 1.29% | 4.23% | 3.40% | 3.70% | -7.40% | 2.67% | 3.32% | 7.28% | 10.39% | -3.51% |
NMTRX Nuveen Municipal Total Return Managed Accounts | 2.68% | 3.90% | 1.99% | 6.21% | -11.98% | 2.69% | 5.25% | 9.26% | 1.06% | 7.41% |
Correlation
The correlation between LTNYX and NMTRX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since May 31, 2007 | 0.50 |
The correlation between LTNYX and NMTRX shifts across timeframes, from 0.50 (all time) to 0.66 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LTNYX vs. NMTRX — Risk / Return Rank
LTNYX
NMTRX
LTNYX vs. NMTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Rochester Limited Term New York Municipal Fund (LTNYX) and Nuveen Municipal Total Return Managed Accounts (NMTRX). 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.
| LTNYX | NMTRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.71 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.14 | +0.02 |
| Martin ratioReturn relative to average drawdown | 11.90 | 11.55 | +0.35 |
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Drawdowns
LTNYX vs. NMTRX - Drawdown Comparison
The maximum LTNYX drawdown since its inception was -13.78%, smaller than the maximum NMTRX drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for LTNYX and NMTRX.
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Drawdown Indicators
| LTNYX | NMTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.78% | -16.36% | +2.58% |
Max Drawdown (1Y)Largest decline over 1 year | -1.77% | -2.65% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -3.91% | -5.77% | +1.86% |
Max Drawdown (5Y)Largest decline over 5 years | -10.76% | -16.36% | +5.60% |
Max Drawdown (10Y)Largest decline over 10 years | -10.76% | -16.36% | +5.60% |
Current DrawdownCurrent decline from peak | -0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -2.90% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.72% | -0.27% |
Volatility
LTNYX vs. NMTRX - Volatility Comparison
Invesco Rochester Limited Term New York Municipal Fund (LTNYX) has a higher volatility of 0.97% compared to Nuveen Municipal Total Return Managed Accounts (NMTRX) at 0.88%. This indicates that LTNYX's price experiences larger fluctuations and is considered to be riskier than NMTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTNYX | NMTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 0.88% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 2.24% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.89% | 2.97% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.48% | 4.02% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.56% | 4.40% | -0.84% |
LTNYX vs. NMTRX - Expense Ratio Comparison
LTNYX has a 0.75% expense ratio, which is higher than NMTRX's 0.05% expense ratio.
Dividends
LTNYX vs. NMTRX - Dividend Comparison
LTNYX's dividend yield for the trailing twelve months is around 2.37%, less than NMTRX's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTNYX Invesco Rochester Limited Term New York Municipal Fund | 2.37% | 3.74% | 3.71% | 2.54% | 2.31% | 2.96% | 2.89% | 3.35% | 3.16% | 3.24% | 3.71% | 3.94% |
NMTRX Nuveen Municipal Total Return Managed Accounts | 4.57% | 4.46% | 3.55% | 3.67% | 3.28% | 2.73% | 2.92% | 3.20% | 3.47% | 3.28% | 3.71% | 3.91% |
Frequently Asked Questions
LTNYX and NMTRX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LTNYX has higher volatility (0.97%) compared to NMTRX (0.88%). In terms of maximum drawdown, LTNYX dropped -13.78% vs NMTRX's -16.36%.
NMTRX currently has the higher Sharpe Ratio (2.80 vs 1.96), 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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