NBMAX vs. TILIX
NBMAX (Nuveen Massachusetts Municipal Bond Fund) and TILIX (Nuveen Large Cap Growth Index Fund R6 Class) are both mutual funds - NBMAX is a Municipal Bonds fund managed by Nuveen, while TILIX is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index. Over the past 10 years, NBMAX returned 1.63%/yr vs 17.99%/yr for TILIX. At a correlation of -0.07, they often move in opposite directions. NBMAX charges 0.57%/yr vs 0.05%/yr for TILIX.
Performance
NBMAX vs. TILIX - Performance Comparison
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Returns By Period
In the year-to-date period, NBMAX achieves a 2.06% return, which is significantly lower than TILIX's 5.24% return. Over the past 10 years, NBMAX has underperformed TILIX with an annualized return of 1.63%, while TILIX has yielded a comparatively higher 17.99% annualized return.
NBMAX
- 1D
- 0.00%
- 1M
- 0.52%
- 6M
- 1.84%
- YTD
- 2.06%
- 1Y
- 6.86%
- 3Y*
- 3.27%
- 5Y*
- -0.08%
- 10Y*
- 1.63%
TILIX
- 1D
- 0.49%
- 1M
- 2.20%
- 6M
- 4.33%
- YTD
- 5.24%
- 1Y
- 16.62%
- 3Y*
- 22.71%
- 5Y*
- 13.10%
- 10Y*
- 17.99%
NBMAX vs. TILIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NBMAX Nuveen Massachusetts Municipal Bond Fund | 2.06% | 2.55% | 1.95% | 5.62% | -11.47% | 2.18% | 4.95% | 7.88% | 0.06% | 5.51% |
TILIX Nuveen Large Cap Growth Index Fund R6 Class | 5.24% | 18.41% | 33.31% | 42.64% | -29.22% | 27.63% | 38.43% | 36.30% | -1.66% | 28.49% |
Correlation
The correlation between NBMAX and TILIX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2002 | -0.07 |
The correlation between NBMAX and TILIX shifts across timeframes, from -0.07 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NBMAX vs. TILIX — Risk / Return Rank
NBMAX
TILIX
NBMAX vs. TILIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Massachusetts Municipal Bond Fund (NBMAX) and Nuveen Large Cap Growth Index Fund R6 Class (TILIX). 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.
| NBMAX | TILIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.18 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 1.01 | +2.13 |
| Martin ratioReturn relative to average drawdown | 11.04 | 3.20 | +7.83 |
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Drawdowns
NBMAX vs. TILIX - Drawdown Comparison
The maximum NBMAX drawdown since its inception was -21.96%, smaller than the maximum TILIX drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for NBMAX and TILIX.
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Drawdown Indicators
| NBMAX | TILIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.96% | -50.54% | +28.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.16% | -16.24% | +14.08% |
Max Drawdown (3Y)Largest decline over 3 years | -5.83% | -23.33% | +17.50% |
Max Drawdown (5Y)Largest decline over 5 years | -15.62% | -32.68% | +17.06% |
Max Drawdown (10Y)Largest decline over 10 years | -15.62% | -32.68% | +17.06% |
Current DrawdownCurrent decline from peak | -0.59% | -3.44% | +2.85% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -7.72% | +4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 5.12% | -4.49% |
Volatility
NBMAX vs. TILIX - Volatility Comparison
The current volatility for Nuveen Massachusetts Municipal Bond Fund (NBMAX) is 0.61%, while Nuveen Large Cap Growth Index Fund R6 Class (TILIX) has a volatility of 6.40%. This indicates that NBMAX experiences smaller price fluctuations and is considered to be less risky than TILIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NBMAX | TILIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 6.40% | -5.79% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 13.24% | -11.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.52% | 16.60% | -14.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.93% | 21.66% | -17.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.20% | 21.14% | -16.94% |
NBMAX vs. TILIX - Expense Ratio Comparison
NBMAX has a 0.57% expense ratio, which is higher than TILIX's 0.05% expense ratio.
Dividends
NBMAX vs. TILIX - Dividend Comparison
NBMAX's dividend yield for the trailing twelve months is around 3.28%, less than TILIX's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NBMAX Nuveen Massachusetts Municipal Bond Fund | 3.28% | 3.56% | 3.34% | 2.92% | 2.39% | 1.96% | 2.49% | 3.09% | 3.15% | 3.04% | 3.37% | 3.64% |
TILIX Nuveen Large Cap Growth Index Fund R6 Class | 4.19% | 4.41% | 3.25% | 1.90% | 11.00% | 8.76% | 1.91% | 2.38% | 4.01% | 0.68% | 1.33% | 1.32% |
Frequently Asked Questions
NBMAX and TILIX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TILIX has higher volatility (6.40%) compared to NBMAX (0.61%). In terms of maximum drawdown, NBMAX dropped -21.96% vs TILIX's -50.54%.
NBMAX currently has the higher Sharpe Ratio (2.70 vs 0.99), 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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