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NDMO vs. HYMB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.4

Performance

NDMO vs. HYMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Dynamic Municipal Opportunities Fund (NDMO) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB). The values are adjusted to include any dividend payments, if applicable.

-4.00%-2.00%0.00%2.00%4.00%6.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
-3.97%
1.60%
NDMO
HYMB

Key characteristics

Sharpe Ratio

NDMO:

0.70

HYMB:

0.89

Sortino Ratio

NDMO:

1.11

HYMB:

1.22

Omega Ratio

NDMO:

1.13

HYMB:

1.17

Calmar Ratio

NDMO:

0.23

HYMB:

0.46

Martin Ratio

NDMO:

2.64

HYMB:

5.08

Ulcer Index

NDMO:

2.98%

HYMB:

0.95%

Daily Std Dev

NDMO:

11.20%

HYMB:

5.43%

Max Drawdown

NDMO:

-42.50%

HYMB:

-29.57%

Current Drawdown

NDMO:

-28.74%

HYMB:

-4.98%

Returns By Period

In the year-to-date period, NDMO achieves a 7.44% return, which is significantly higher than HYMB's 4.69% return.


NDMO

YTD

7.44%

1M

-5.05%

6M

-4.23%

1Y

6.79%

5Y*

N/A

10Y*

N/A

HYMB

YTD

4.69%

1M

-1.65%

6M

1.76%

1Y

4.78%

5Y*

0.78%

10Y*

2.74%

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Risk-Adjusted Performance

NDMO vs. HYMB - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for NDMO, currently valued at 0.70, compared to the broader market-4.00-2.000.002.000.700.89
The chart of Sortino ratio for NDMO, currently valued at 1.11, compared to the broader market-4.00-2.000.002.004.001.111.22
The chart of Omega ratio for NDMO, currently valued at 1.13, compared to the broader market0.501.001.502.001.131.17
The chart of Calmar ratio for NDMO, currently valued at 0.23, compared to the broader market0.002.004.006.000.230.46
The chart of Martin ratio for NDMO, currently valued at 2.64, compared to the broader market-5.000.005.0010.0015.0020.0025.002.645.08
NDMO
HYMB

The current NDMO Sharpe Ratio is 0.70, which is comparable to the HYMB Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of NDMO and HYMB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
0.70
0.89
NDMO
HYMB

Dividends

NDMO vs. HYMB - Dividend Comparison

NDMO's dividend yield for the trailing twelve months is around 7.48%, more than HYMB's 4.32% yield.


TTM20232022202120202019201820172016201520142013
NDMO
Nuveen Dynamic Municipal Opportunities Fund
7.48%7.81%9.30%5.55%1.47%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
HYMB
SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF
4.32%4.06%3.77%3.19%3.55%3.95%4.03%3.78%4.08%4.54%4.49%5.17%

Drawdowns

NDMO vs. HYMB - Drawdown Comparison

The maximum NDMO drawdown since its inception was -42.50%, 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. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%JulyAugustSeptemberOctoberNovemberDecember
-28.74%
-4.98%
NDMO
HYMB

Volatility

NDMO vs. HYMB - Volatility Comparison

Nuveen Dynamic Municipal Opportunities Fund (NDMO) has a higher volatility of 3.41% compared to SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) at 1.74%. 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.


1.00%2.00%3.00%4.00%JulyAugustSeptemberOctoberNovemberDecember
3.41%
1.74%
NDMO
HYMB
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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