NDMO vs. MPC

Last updated Jun 4, 2026

NDMO (Nuveen Dynamic Municipal Opportunities Fund) and MPC (Marathon Petroleum Corporation) are both stocks. NDMO operates in Capital Markets (Financial Services), while MPC operates in Oil & Gas Refining & Marketing (Energy). Over the past 5 years, NDMO returned -2.75%/yr vs 36.42%/yr for MPC. At a 0.08 correlation, their price movements are largely independent.

Performance

NDMO vs. MPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Dynamic Municipal Opportunities Fund (NDMO) and Marathon Petroleum Corporation (MPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NDMO achieves a 5.30% return, which is significantly lower than MPC's 65.76% return.

NDMO

• 1D: -0.39%
• 1M: 1.09%
• YTD: 5.30%
• 6M: 1.13%
• 1Y: 9.95%
• 3Y*: 6.28%
• 5Y*: -2.75%
• 10Y*: —

MPC

• 1D: 1.58%
• 1M: 6.21%
• YTD: 65.76%
• 6M: 42.31%
• 1Y: 68.20%
• 3Y*: 37.67%
• 5Y*: 36.42%
• 10Y*: 26.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NDMO vs. MPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
NDMO Nuveen Dynamic Municipal Opportunities Fund	5.30%	8.21%	8.31%	7.25%	-35.45%	12.12%	5.29%
MPC Marathon Petroleum Corporation	65.76%	19.17%	-4.06%	30.46%	86.62%	61.00%	19.95%

Correlation

The correlation between NDMO and MPC is -0.00, 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	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (All Time) Calculated using the full available price history since Aug 28, 2020	0.08

The correlation between NDMO and MPC shifts across timeframes, from -0.00 (1 year) to 0.10 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

NDMO vs. MPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NDMO

NDMO Risk / Return Rank: 68
NDMO Sharpe Ratio Rank: 70
NDMO Sortino Ratio Rank: 64
NDMO Omega Ratio Rank: 62
NDMO Calmar Ratio Rank: 71
NDMO Martin Ratio Rank: 71

MPC

MPC Risk / Return Rank: 86
MPC Sharpe Ratio Rank: 89
MPC Sortino Ratio Rank: 84
MPC Omega Ratio Rank: 85
MPC Calmar Ratio Rank: 86
MPC Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NDMO vs. MPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Dynamic Municipal Opportunities Fund (NDMO) and Marathon Petroleum Corporation (MPC). 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	MPC	Difference
Sharpe ratio Return per unit of total volatility	0.94	2.18	-1.24
Sortino ratio Return per unit of downside risk	1.45	2.73	-1.27
Omega ratio Gain probability vs. loss probability	1.18	1.36	-0.18
Calmar ratio Return relative to maximum drawdown	1.68	3.74	-2.07
Martin ratio Return relative to average drawdown	4.05	9.89	-5.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NDMO vs. MPC - Sharpe Ratio Comparison

The current NDMO Sharpe Ratio is 0.94, which is lower than the MPC Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of NDMO and MPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NDMO	MPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	2.18	-1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	1.11	-1.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.56	-0.55

Drawdowns

NDMO vs. MPC - Drawdown Comparison

The maximum NDMO drawdown since its inception was -42.54%, smaller than the maximum MPC drawdown of -79.67%. Use the drawdown chart below to compare losses from any high point for NDMO and MPC.

Drawdown Indicators

	NDMO	MPC	Difference
Max Drawdown Largest peak-to-trough decline	-42.54%	-79.67%	+37.13%
Max Drawdown (1Y) Largest decline over 1 year	-5.96%	-18.33%	+12.37%
Max Drawdown (3Y) Largest decline over 3 years	-16.02%	-44.75%	+28.73%
Max Drawdown (5Y) Largest decline over 5 years	-42.54%	-44.75%	+2.21%
Max Drawdown (10Y) Largest decline over 10 years	—	-79.67%	—
Current Drawdown Current decline from peak	-18.21%	0.00%	-18.21%
Average Drawdown Average peak-to-trough decline	-21.45%	-17.36%	-4.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	6.93%	-4.47%

Volatility

NDMO vs. MPC - Volatility Comparison

The current volatility for Nuveen Dynamic Municipal Opportunities Fund (NDMO) is 2.65%, while Marathon Petroleum Corporation (MPC) has a volatility of 11.31%. This indicates that NDMO experiences smaller price fluctuations and is considered to be less risky than MPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDMO	MPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	11.31%	-8.66%
Volatility (6M) Calculated over the trailing 6-month period	8.23%	25.81%	-17.58%
Volatility (1Y) Calculated over the trailing 1-year period	10.66%	31.50%	-20.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.12%	33.04%	-16.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.60%	40.26%	-24.66%

Dividends

NDMO vs. MPC - Dividend Comparison

NDMO's dividend yield for the trailing twelve months is around 7.22%, more than MPC's 1.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MPC Marathon Petroleum Corporation	1.46%	2.29%	2.43%	2.07%	2.14%	3.63%	5.61%	3.52%	3.12%	2.30%	2.70%	2.20%
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%

Financials

Frequently Asked Questions

Can I hold both NDMO and MPC in my portfolio?

NDMO and MPC have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NDMO or MPC?

MPC has higher volatility (11.31%) compared to NDMO (2.65%). In terms of maximum drawdown, NDMO dropped -42.54% vs MPC's -79.67%.

Which has better risk-adjusted returns?

MPC currently has the higher Sharpe Ratio (2.18 vs 0.94), 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.