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

NDMO vs. SPY

Last updated May 12, 2025

Compare and contrast key facts about Nuveen Dynamic Municipal Opportunities Fund (NDMO) and SPDR S&P 500 ETF (SPY).

SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NDMO or SPY.

Correlation

The correlation between NDMO and SPY is -0.80. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

NDMO vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Dynamic Municipal Opportunities Fund (NDMO) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

NDMO:

8.57%

SPY:

20.02%

Max Drawdown

NDMO:

-0.10%

SPY:

-55.19%

Current Drawdown

NDMO:

0.00%

SPY:

-7.65%

Returns By Period

NDMO

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

SPY

YTD

-3.42%

1M

5.69%

6M

-5.06%

1Y

9.73%

5Y*

16.26%

10Y*

12.24%

*Annualized

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Risk-Adjusted Performance

NDMO vs. SPY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NDMO
The Risk-Adjusted Performance Rank of NDMO is 4343
Overall Rank
The Sharpe Ratio Rank of NDMO is 4848
Sharpe Ratio Rank
The Sortino Ratio Rank of NDMO is 3535
Sortino Ratio Rank
The Omega Ratio Rank of NDMO is 3535
Omega Ratio Rank
The Calmar Ratio Rank of NDMO is 4949
Calmar Ratio Rank
The Martin Ratio Rank of NDMO is 4747
Martin Ratio Rank
SPY
The Risk-Adjusted Performance Rank of SPY is 6767
Overall Rank
The Sharpe Ratio Rank of SPY is 6161
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6565
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6868
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 7171
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6969
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

NDMO vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Dynamic Municipal Opportunities Fund (NDMO) and SPDR S&P 500 ETF (SPY). 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.

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Dividends

NDMO vs. SPY - Dividend Comparison

NDMO has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.27%.

TTM20242023202220212020201920182017201620152014
NDMO
Nuveen Dynamic Municipal Opportunities Fund		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF		1.27%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

NDMO vs. SPY - Drawdown Comparison

The maximum NDMO drawdown since its inception was -0.10%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NDMO and SPY. For additional features, visit the drawdowns tool.

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Volatility

NDMO vs. SPY - Volatility Comparison

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