MMU vs. NOM

Last updated Jun 3, 2026

MMU (Western Asset Managed Municipals Fund Inc) and NOM (Nuveen Missouri Quality Municipal Income Fund) are both Municipal Bonds funds. At a 0.07 correlation, their price movements are largely independent.

Performance

MMU vs. NOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Western Asset Managed Municipals Fund Inc (MMU) and Nuveen Missouri Quality Municipal Income Fund (NOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MMU

• 1D: 0.20%
• 1M: 1.04%
• YTD: 0.80%
• 6M: 2.01%
• 1Y: 10.71%
• 3Y*: 7.59%
• 5Y*: -0.31%
• 10Y*: 1.34%

NOM

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MMU vs. NOM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MMU Western Asset Managed Municipals Fund Inc	0.80%	9.19%	6.58%	5.63%	-19.58%	5.83%	0.71%	10.08%	-4.55%	8.30%
NOM Nuveen Missouri Quality Municipal Income Fund	-5.66%	6.89%	27.11%	-0.84%	-26.11%	8.91%	1.20%	30.63%	-15.20%	-3.04%

Correlation

The correlation between MMU and NOM is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Aug 21, 1995	0.07

The correlation between MMU and NOM shifts across timeframes, from -0.00 (1 year) to 0.28 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

MMU vs. NOM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MMU

MMU Risk / Return Rank: 23
MMU Sharpe Ratio Rank: 21
MMU Sortino Ratio Rank: 25
MMU Omega Ratio Rank: 23
MMU Calmar Ratio Rank: 22
MMU Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MMU vs. NOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Western Asset Managed Municipals Fund Inc (MMU) and Nuveen Missouri Quality Municipal Income Fund (NOM). 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.

	MMU	NOM	Difference
Sharpe ratio Return per unit of total volatility	1.30	—	—
Sortino ratio Return per unit of downside risk	2.09	—	—
Omega ratio Gain probability vs. loss probability	1.25	—	—
Calmar ratio Return relative to maximum drawdown	1.74	—	—
Martin ratio Return relative to average drawdown	6.15	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MMU	NOM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	—	—

Drawdowns

Drawdown Indicators

	MMU	NOM	Difference
Max Drawdown Largest peak-to-trough decline	-34.51%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-5.88%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.86%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.89%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.51%	—	—
Current Drawdown Current decline from peak	-6.26%	—	—
Average Drawdown Average peak-to-trough decline	-6.83%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	—	—

Volatility

Volatility by Period

	MMU	NOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.30%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.68%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.01%	—	—

Dividends

MMU vs. NOM - Dividend Comparison

MMU's dividend yield for the trailing twelve months is around 6.38%, more than NOM's 6.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MMU Western Asset Managed Municipals Fund Inc	6.38%	6.26%	6.16%	4.36%	4.65%	3.88%	4.21%	4.96%	5.68%	5.37%	5.67%	5.50%
NOM Nuveen Missouri Quality Municipal Income Fund	6.28%	6.58%	5.45%	3.17%	4.45%	3.60%	3.43%	3.60%	4.82%	4.74%	4.51%	4.76%

Frequently Asked Questions

Can I hold both MMU and NOM in my portfolio?

MMU and NOM have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.