NDMO vs. ARLP
NDMO (Nuveen Dynamic Municipal Opportunities Fund) and ARLP (Alliance Resource Partners, L.P.) are both stocks. NDMO operates in Capital Markets (Financial Services), while ARLP operates in Thermal Coal (Energy). Over the past 5 years, NDMO returned -3.42%/yr vs 40.77%/yr for ARLP. At a 0.04 correlation, their price movements are largely independent.
Performance
NDMO vs. ARLP - Performance Comparison
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Returns By Period
In the year-to-date period, NDMO achieves a 6.10% return, which is significantly lower than ARLP's 11.57% return.
NDMO
- 1D
- 0.19%
- 1M
- 0.18%
- 6M
- 3.03%
- YTD
- 6.10%
- 1Y
- 9.58%
- 3Y*
- 6.19%
- 5Y*
- -3.42%
- 10Y*
- —
ARLP
- 1D
- 1.31%
- 1M
- -1.36%
- 6M
- 7.19%
- YTD
- 11.57%
- 1Y
- -0.57%
- 3Y*
- 23.09%
- 5Y*
- 40.77%
- 10Y*
- 13.42%
NDMO vs. ARLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NDMO Nuveen Dynamic Municipal Opportunities Fund | 6.10% | 8.21% | 8.31% | 7.25% | -35.45% | 12.12% | 6.27% |
ARLP Alliance Resource Partners, L.P. | 11.57% | -2.45% | 39.91% | 18.83% | 73.34% | 195.75% | 35.35% |
Correlation
The correlation between NDMO and ARLP is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2020 | 0.04 |
Fundamentals
NDMO:
$624.20M
ARLP:
$3.18B
NDMO:
1.00
ARLP:
1.54
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Return for Risk
NDMO vs. ARLP — Risk / Return Rank
NDMO
ARLP
NDMO vs. ARLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Dynamic Municipal Opportunities Fund (NDMO) and Alliance Resource Partners, L.P. (ARLP). 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.
| NDMO | ARLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.02 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | -0.03 | +1.65 |
| Martin ratioReturn relative to average drawdown | 4.10 | -0.06 | +4.16 |
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Drawdowns
NDMO vs. ARLP - Drawdown Comparison
The maximum NDMO drawdown since its inception was -42.54%, smaller than the maximum ARLP drawdown of -90.52%. Use the drawdown chart below to compare losses from any high point for NDMO and ARLP.
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Drawdown Indicators
| NDMO | ARLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.54% | -90.52% | +47.98% |
Max Drawdown (1Y)Largest decline over 1 year | -5.96% | -17.62% | +11.66% |
Max Drawdown (3Y)Largest decline over 3 years | -16.02% | -20.83% | +4.81% |
Max Drawdown (5Y)Largest decline over 5 years | -42.07% | -29.13% | -12.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -85.26% | — |
Current DrawdownCurrent decline from peak | -17.59% | -12.78% | -4.81% |
Average DrawdownAverage peak-to-trough decline | -21.36% | -24.29% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 10.24% | -7.90% |
Volatility
NDMO vs. ARLP - Volatility Comparison
The current volatility for Nuveen Dynamic Municipal Opportunities Fund (NDMO) is 1.54%, while Alliance Resource Partners, L.P. (ARLP) has a volatility of 6.81%. This indicates that NDMO experiences smaller price fluctuations and is considered to be less risky than ARLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NDMO | ARLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 6.81% | -5.27% |
Volatility (6M)Calculated over the trailing 6-month period | 7.84% | 16.63% | -8.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.47% | 23.13% | -12.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.93% | 33.02% | -17.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.48% | 49.79% | -34.31% |
Dividends
NDMO vs. ARLP - Dividend Comparison
NDMO's dividend yield for the trailing twelve months is around 7.18%, less than ARLP's 9.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARLP Alliance Resource Partners, L.P. | 9.72% | 11.19% | 10.65% | 13.22% | 7.38% | 3.16% | 8.93% | 19.82% | 11.94% | 9.54% | 8.85% | 19.74% |
NDMO Nuveen Dynamic Municipal Opportunities Fund | 7.18% | 7.38% | 7.43% | 7.80% | 9.24% | 5.52% | 1.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NDMO vs. ARLP - Financials Comparison
This section allows you to compare key financial metrics between Nuveen Dynamic Municipal Opportunities Fund and Alliance Resource Partners, L.P.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NDMO vs. ARLP - Profitability Comparison
NDMO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Nuveen Dynamic Municipal Opportunities Fund reported a gross profit of 18.68M and revenue of 22.60M. Therefore, the gross margin over that period was 82.7%.
ARLP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Alliance Resource Partners, L.P. reported a gross profit of 0.00 and revenue of 516.02B. Therefore, the gross margin over that period was 0.0%.
NDMO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Nuveen Dynamic Municipal Opportunities Fund reported an operating income of 12.55M and revenue of 22.60M, resulting in an operating margin of 55.5%.
ARLP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Alliance Resource Partners, L.P. reported an operating income of 21.86B and revenue of 516.02B, resulting in an operating margin of 4.2%.
NDMO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Nuveen Dynamic Municipal Opportunities Fund reported a net income of 8.10M and revenue of 22.60M, resulting in a net margin of 35.9%.
ARLP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Alliance Resource Partners, L.P. reported a net income of 9.09B and revenue of 516.02B, resulting in a net margin of 1.8%.
Frequently Asked Questions
NDMO and ARLP have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARLP has higher volatility (6.81%) compared to NDMO (1.54%). In terms of maximum drawdown, NDMO dropped -42.54% vs ARLP's -90.52%.
NDMO currently has the higher Sharpe Ratio (0.92 vs -0.02), 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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