MAYHX vs. NHMRX
Compare and contrast key facts about BlackRock High Yield Municipal Fund (MAYHX) and Nuveen High Yield Municipal Bond Fund (NHMRX).
MAYHX is managed by Blackrock. It was launched on Jul 31, 2006. NHMRX is managed by Nuveen. It was launched on Jun 6, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAYHX or NHMRX.
Correlation
The correlation between MAYHX and NHMRX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MAYHX vs. NHMRX - Performance Comparison
Key characteristics
MAYHX:
1.90
NHMRX:
0.08
MAYHX:
2.82
NHMRX:
0.16
MAYHX:
1.51
NHMRX:
1.03
MAYHX:
0.89
NHMRX:
0.05
MAYHX:
6.99
NHMRX:
0.28
MAYHX:
1.15%
NHMRX:
2.37%
MAYHX:
4.24%
NHMRX:
8.42%
MAYHX:
-34.02%
NHMRX:
-45.44%
MAYHX:
-1.86%
NHMRX:
-9.21%
Returns By Period
In the year-to-date period, MAYHX achieves a 1.69% return, which is significantly higher than NHMRX's -3.58% return. Over the past 10 years, MAYHX has outperformed NHMRX with an annualized return of 3.78%, while NHMRX has yielded a comparatively lower 3.38% annualized return.
MAYHX
1.69%
0.00%
1.23%
7.82%
4.25%
3.78%
NHMRX
-3.58%
-3.78%
-3.65%
0.66%
2.62%
3.38%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MAYHX vs. NHMRX - Expense Ratio Comparison
MAYHX has a 0.59% expense ratio, which is higher than NHMRX's 0.52% expense ratio.
Risk-Adjusted Performance
MAYHX vs. NHMRX — Risk-Adjusted Performance Rank
MAYHX
NHMRX
MAYHX vs. NHMRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Yield Municipal Fund (MAYHX) and Nuveen High Yield Municipal Bond Fund (NHMRX). 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.
Dividends
MAYHX vs. NHMRX - Dividend Comparison
MAYHX's dividend yield for the trailing twelve months is around 3.51%, less than NHMRX's 5.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAYHX BlackRock High Yield Municipal Fund | 3.51% | 4.20% | 4.12% | 3.94% | 3.27% | 3.57% | 3.74% | 4.16% | 4.16% | 4.30% | 4.36% | 4.36% |
NHMRX Nuveen High Yield Municipal Bond Fund | 5.63% | 5.35% | 5.55% | 5.64% | 4.70% | 5.04% | 5.00% | 5.47% | 5.38% | 5.88% | 5.68% | 5.79% |
Drawdowns
MAYHX vs. NHMRX - Drawdown Comparison
The maximum MAYHX drawdown since its inception was -34.02%, smaller than the maximum NHMRX drawdown of -45.44%. Use the drawdown chart below to compare losses from any high point for MAYHX and NHMRX. For additional features, visit the drawdowns tool.
Volatility
MAYHX vs. NHMRX - Volatility Comparison
The current volatility for BlackRock High Yield Municipal Fund (MAYHX) is 0.00%, while Nuveen High Yield Municipal Bond Fund (NHMRX) has a volatility of 6.73%. This indicates that MAYHX experiences smaller price fluctuations and is considered to be less risky than NHMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.