NDMO vs. HYMB
Compare and contrast key facts about Nuveen Dynamic Municipal Opportunities Fund (NDMO) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB).
HYMB is a passively managed fund by State Street that tracks the performance of the Bloomberg Municipal Yield. It was launched on Apr 13, 2011.
Performance
NDMO vs. HYMB - Performance Comparison
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NDMO vs. HYMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NDMO Nuveen Dynamic Municipal Opportunities Fund | 4.14% | 8.21% | 8.31% | 7.25% | -35.45% | 12.12% | 5.29% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 0.82% | 2.04% | 5.52% | 7.73% | -15.54% | 5.16% | 4.38% |
Returns By Period
In the year-to-date period, NDMO achieves a 4.14% return, which is significantly higher than HYMB's 0.82% return.
NDMO
- 1D
- 0.19%
- 1M
- -2.69%
- YTD
- 4.14%
- 6M
- 1.96%
- 1Y
- 7.87%
- 3Y*
- 6.49%
- 5Y*
- -1.80%
- 10Y*
- —
HYMB
- 1D
- 0.64%
- 1M
- -1.35%
- YTD
- 0.82%
- 6M
- 2.23%
- 1Y
- 2.88%
- 3Y*
- 4.34%
- 5Y*
- 0.49%
- 10Y*
- 2.52%
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Return for Risk
NDMO vs. HYMB — Risk / Return Rank
NDMO
HYMB
NDMO vs. HYMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Dynamic Municipal Opportunities Fund (NDMO) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB). 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.
| NDMO | HYMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 0.49 | +0.15 |
Sortino ratioReturn per unit of downside risk | 0.98 | 0.61 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.12 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 0.71 | +0.33 |
Martin ratioReturn relative to average drawdown | 2.88 | 1.74 | +1.14 |
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
| NDMO | HYMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.49 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.07 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.44 | -0.44 |
Correlation
The correlation between NDMO and HYMB is 0.36, 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
NDMO vs. HYMB - Dividend Comparison
NDMO's dividend yield for the trailing twelve months is around 7.22%, more than HYMB's 4.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDMO Nuveen Dynamic Municipal Opportunities Fund | 7.22% | 7.38% | 7.43% | 7.80% | 9.24% | 5.52% | 1.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.59% | 4.55% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% |
Drawdowns
NDMO vs. HYMB - Drawdown Comparison
The maximum NDMO drawdown since its inception was -42.54%, which is greater than HYMB's maximum drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for NDMO and HYMB.
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Drawdown Indicators
| NDMO | HYMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.54% | -29.57% | -12.97% |
Max Drawdown (1Y)Largest decline over 1 year | -7.77% | -5.07% | -2.70% |
Max Drawdown (5Y)Largest decline over 5 years | -42.54% | -20.15% | -22.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -19.11% | -1.57% | -17.54% |
Average DrawdownAverage peak-to-trough decline | -21.54% | -3.84% | -17.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 2.06% | +0.75% |
Volatility
NDMO vs. HYMB - Volatility Comparison
Nuveen Dynamic Municipal Opportunities Fund (NDMO) has a higher volatility of 6.18% compared to SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) at 2.21%. This indicates that NDMO's price experiences larger fluctuations and is considered to be riskier than HYMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NDMO | HYMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 2.21% | +3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 8.19% | 2.95% | +5.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.30% | 5.95% | +6.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.19% | 6.63% | +9.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.75% | 11.34% | +4.41% |