NCOIX vs. NHMRX
Compare and contrast key facts about Nuveen High Yield Income Fund (NCOIX) and Nuveen High Yield Municipal Bond Fund (NHMRX).
NCOIX is managed by Nuveen. It was launched on Apr 28, 2010. NHMRX is managed by Nuveen. It was launched on Jun 6, 1999.
Performance
NCOIX vs. NHMRX - Performance Comparison
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NCOIX vs. NHMRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NCOIX Nuveen High Yield Income Fund | 0.05% | 9.61% | 9.44% | 17.36% | -9.98% | 6.64% | 2.08% | 12.79% | -0.60% | 6.17% |
NHMRX Nuveen High Yield Municipal Bond Fund | 0.08% | 3.24% | 5.62% | 7.31% | -14.96% | 10.37% | 3.25% | 12.59% | 2.06% | 12.10% |
Returns By Period
In the year-to-date period, NCOIX achieves a 0.05% return, which is significantly lower than NHMRX's 0.08% return. Over the past 10 years, NCOIX has outperformed NHMRX with an annualized return of 6.75%, while NHMRX has yielded a comparatively lower 3.73% annualized return.
NCOIX
- 1D
- 1.17%
- 1M
- -0.87%
- YTD
- 0.05%
- 6M
- 2.39%
- 1Y
- 8.52%
- 3Y*
- 10.81%
- 5Y*
- 5.86%
- 10Y*
- 6.75%
NHMRX
- 1D
- 0.84%
- 1M
- -2.02%
- YTD
- 0.08%
- 6M
- 1.84%
- 1Y
- 2.82%
- 3Y*
- 4.31%
- 5Y*
- 1.37%
- 10Y*
- 3.73%
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NCOIX vs. NHMRX - Expense Ratio Comparison
NCOIX has a 0.74% expense ratio, which is higher than NHMRX's 0.52% expense ratio.
Return for Risk
NCOIX vs. NHMRX — Risk / Return Rank
NCOIX
NHMRX
NCOIX vs. NHMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen High Yield Income Fund (NCOIX) 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.
| NCOIX | NHMRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.13 | 0.43 | +1.70 |
Sortino ratioReturn per unit of downside risk | 3.28 | 0.61 | +2.67 |
Omega ratioGain probability vs. loss probability | 1.52 | 1.12 | +0.40 |
Calmar ratioReturn relative to maximum drawdown | 2.78 | 0.60 | +2.19 |
Martin ratioReturn relative to average drawdown | 12.52 | 1.44 | +11.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NCOIX | NHMRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 0.43 | +1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.16 | 0.20 | +0.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.20 | 0.56 | +0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | 0.88 | +0.26 |
Correlation
The correlation between NCOIX and NHMRX is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
NCOIX vs. NHMRX - Dividend Comparison
NCOIX's dividend yield for the trailing twelve months is around 8.42%, more than NHMRX's 6.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NCOIX Nuveen High Yield Income Fund | 8.42% | 9.10% | 7.41% | 10.49% | 5.79% | 5.12% | 5.51% | 5.38% | 6.28% | 6.88% | 7.29% | 7.59% |
NHMRX Nuveen High Yield Municipal Bond Fund | 6.20% | 6.54% | 5.79% | 7.34% | 5.64% | 5.09% | 5.03% | 5.39% | 5.47% | 5.38% | 5.88% | 5.60% |
Drawdowns
NCOIX vs. NHMRX - Drawdown Comparison
The maximum NCOIX drawdown since its inception was -23.02%, smaller than the maximum NHMRX drawdown of -45.45%. Use the drawdown chart below to compare losses from any high point for NCOIX and NHMRX.
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Drawdown Indicators
| NCOIX | NHMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.02% | -45.45% | +22.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -7.92% | +4.75% |
Max Drawdown (5Y)Largest decline over 5 years | -14.41% | -21.52% | +7.11% |
Max Drawdown (10Y)Largest decline over 10 years | -23.02% | -22.22% | -0.80% |
Current DrawdownCurrent decline from peak | -0.98% | -2.42% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -5.35% | +3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 3.28% | -2.58% |
Volatility
NCOIX vs. NHMRX - Volatility Comparison
The current volatility for Nuveen High Yield Income Fund (NCOIX) is 1.74%, while Nuveen High Yield Municipal Bond Fund (NHMRX) has a volatility of 1.87%. This indicates that NCOIX 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.
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Volatility by Period
| NCOIX | NHMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 1.87% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 2.75% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 8.04% | -3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.06% | 6.81% | -1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.63% | 6.71% | -1.08% |