NBB vs. JMABX
NBB (Nuveen Taxable Municipal Income Fund) and JMABX (John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio) are both Corporate Bonds funds. Over the past 5 years, NBB returned -0.92%/yr vs 0.95%/yr for JMABX. At a 0.47 correlation, their price movements are largely independent. NBB charges 0.04%/yr vs 0.00%/yr for JMABX.
Performance
NBB vs. JMABX - Performance Comparison
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Returns By Period
In the year-to-date period, NBB achieves a 1.42% return, which is significantly higher than JMABX's 0.61% return.
NBB
- 1D
- -1.40%
- 1M
- -0.61%
- YTD
- 1.42%
- 6M
- 1.74%
- 1Y
- 7.94%
- 3Y*
- 7.60%
- 5Y*
- -0.92%
- 10Y*
- 2.74%
JMABX
- 1D
- 0.11%
- 1M
- 0.69%
- YTD
- 0.61%
- 6M
- 1.19%
- 1Y
- 6.22%
- 3Y*
- 6.26%
- 5Y*
- 0.95%
- 10Y*
- —
NBB vs. JMABX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NBB Nuveen Taxable Municipal Income Fund | 1.42% | 13.52% | 1.32% | 7.62% | -24.60% | 0.91% | 14.45% | 6.10% |
JMABX John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio | 0.61% | 8.88% | 4.42% | 8.05% | -15.50% | 0.33% | 7.74% | 2.72% |
Correlation
The correlation between NBB and JMABX is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2019 | 0.47 |
The correlation between NBB and JMABX shifts across timeframes, from 0.47 (all time) to 0.60 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
NBB vs. JMABX — Risk / Return Rank
NBB
JMABX
NBB vs. JMABX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Taxable Municipal Income Fund (NBB) and John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio (JMABX). 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.
| NBB | JMABX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.33 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 2.16 | -0.99 |
| Martin ratioReturn relative to average drawdown | 3.56 | 7.58 | -4.02 |
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Drawdowns
NBB vs. JMABX - Drawdown Comparison
The maximum NBB drawdown since its inception was -33.51%, which is greater than JMABX's maximum drawdown of -21.48%. Use the drawdown chart below to compare losses from any high point for NBB and JMABX.
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Drawdown Indicators
| NBB | JMABX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.51% | -21.48% | -12.03% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -2.89% | -3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -11.39% | -5.71% | -5.68% |
Max Drawdown (5Y)Largest decline over 5 years | -33.51% | -21.48% | -12.03% |
Max Drawdown (10Y)Largest decline over 10 years | -33.51% | — | — |
Current DrawdownCurrent decline from peak | -7.30% | -0.86% | -6.44% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -6.15% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 0.82% | +1.42% |
Volatility
NBB vs. JMABX - Volatility Comparison
Nuveen Taxable Municipal Income Fund (NBB) has a higher volatility of 2.58% compared to John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio (JMABX) at 1.14%. This indicates that NBB's price experiences larger fluctuations and is considered to be riskier than JMABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NBB | JMABX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.58% | 1.14% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 7.39% | 2.63% | +4.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.94% | 3.57% | +6.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.78% | 5.53% | +8.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.28% | 5.86% | +8.42% |
NBB vs. JMABX - Expense Ratio Comparison
NBB has a 0.04% expense ratio, which is higher than JMABX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
NBB vs. JMABX - Dividend Comparison
NBB's dividend yield for the trailing twelve months is around 7.50%, more than JMABX's 5.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMABX John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio | 5.63% | 5.59% | 5.26% | 3.59% | 3.28% | 3.99% | 2.74% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% |
NBB Nuveen Taxable Municipal Income Fund | 7.50% | 7.33% | 6.96% | 8.33% | 7.86% | 5.50% | 4.67% | 5.54% | 6.38% | 5.62% | 6.35% | 6.79% |
Frequently Asked Questions
NBB and JMABX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBB has higher volatility (2.58%) compared to JMABX (1.14%). In terms of maximum drawdown, NBB dropped -33.51% vs JMABX's -21.48%.
JMABX currently has the higher Sharpe Ratio (1.75 vs 0.80), 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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