NBB vs. MIFIX
NBB (Nuveen Taxable Municipal Income Fund) and MIFIX (Miller Intermediate Bond Fund) are both Corporate Bonds funds. Over the past 10 years, NBB returned 2.50%/yr vs 4.94%/yr for MIFIX. Their 0.18 correlation means their historical movements had little consistent relationship. NBB charges 0.04%/yr vs 0.99%/yr for MIFIX.
Performance
NBB vs. MIFIX - Performance Comparison
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Returns By Period
In the year-to-date period, NBB achieves a 0.46% return, which is significantly lower than MIFIX's 5.78% return. Over the past 10 years, NBB has underperformed MIFIX with an annualized return of 2.50%, while MIFIX has yielded a comparatively higher 4.94% annualized return.
NBB
- 1D
- 0.33%
- 1M
- -2.58%
- 6M
- -1.26%
- YTD
- 0.46%
- 1Y
- 2.41%
- 3Y*
- 7.59%
- 5Y*
- -1.51%
- 10Y*
- 2.50%
- ALL TIME*
- 4.99%
MIFIX
- 1D
- -0.23%
- 1M
- 0.06%
- 6M
- 4.54%
- YTD
- 5.78%
- 1Y
- 9.96%
- 3Y*
- 7.15%
- 5Y*
- 3.99%
- 10Y*
- 4.94%
- ALL TIME*
- 5.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $696.58K | $686.40K | $788.12K |
NBB vs. MIFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NBB Nuveen Taxable Municipal Income Fund | 0.46% | 13.52% | 1.32% | 7.62% | -24.60% | 0.91% | 14.45% | 19.48% | -6.37% | 12.96% |
MIFIX Miller Intermediate Bond Fund | 5.78% | 7.11% | 7.31% | 6.88% | -7.72% | 4.32% | 14.22% | 9.79% | -1.91% | 3.10% |
Correlation
The correlation between NBB and MIFIX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.18 |
Over the past year, NBB and MIFIX have become more correlated (0.39) than their long-term average of 0.18, meaning their price movements have been converging.
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Return for Risk
NBB vs. MIFIX — Risk / Return Rank
NBB
MIFIX
NBB vs. MIFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Taxable Municipal Income Fund (NBB) and Miller Intermediate Bond Fund (MIFIX). 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 | MIFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.71 | ||
| Sortino ratioReturn per unit of downside risk | -4.35 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.64 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 3.63 | -3.02 |
| Martin ratioReturn relative to average drawdown | 1.71 | 14.32 | -12.61 |
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Drawdowns
NBB vs. MIFIX - Drawdown Comparison
The maximum NBB drawdown since its inception was -33.51%, which is greater than MIFIX's maximum drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for NBB and MIFIX.
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Drawdown Indicators
| NBB | MIFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.51% | -15.58% | -17.93% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -2.68% | -4.13% |
Max Drawdown (3Y)Largest decline over 3 years | -11.39% | -5.10% | -6.29% |
Max Drawdown (5Y)Largest decline over 5 years | -33.51% | -11.87% | -21.64% |
Max Drawdown (10Y)Largest decline over 10 years | -33.51% | -15.58% | -17.93% |
Current DrawdownCurrent decline from peak | -8.17% | -0.35% | -7.82% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -2.03% | -5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 0.68% | +1.77% |
Volatility
NBB vs. MIFIX - Volatility Comparison
Nuveen Taxable Municipal Income Fund (NBB) has a higher volatility of 1.72% compared to Miller Intermediate Bond Fund (MIFIX) at 0.78%. This indicates that NBB's price experiences larger fluctuations and is considered to be riskier than MIFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NBB | MIFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 0.78% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 7.28% | 2.32% | +4.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.75% | 3.10% | +6.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.77% | 4.93% | +8.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.24% | 5.40% | +8.84% |
NBB vs. MIFIX - Expense Ratio Comparison
NBB has a 0.04% expense ratio, which is lower than MIFIX's 0.99% expense ratio.
Dividends
NBB vs. MIFIX - Dividend Comparison
NBB's dividend yield for the trailing twelve months is around 7.61%, more than MIFIX's 4.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIFIX Miller Intermediate Bond Fund | 4.36% | 4.59% | 4.08% | 3.60% | 3.62% | 5.87% | 5.16% | 2.36% | 5.16% | 3.90% | 1.48% | 1.78% |
NBB Nuveen Taxable Municipal Income Fund | 7.61% | 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 MIFIX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBB has higher volatility (1.72%) compared to MIFIX (0.78%). In terms of maximum drawdown, NBB dropped -33.51% vs MIFIX's -15.58%.
MIFIX currently has the higher Sharpe Ratio (3.14 vs 0.43), 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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