NHMFX vs. BATEX
Compare and contrast key facts about Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX) and BlackRock Allocation Target Shares Series E Portfolio (BATEX).
NHMFX is managed by Nuveen. It was launched on Jun 30, 2016. BATEX is managed by BlackRock. It was launched on Aug 3, 2014.
Performance
NHMFX vs. BATEX - Performance Comparison
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NHMFX vs. BATEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NHMFX Nuveen High Yield Municipal Bond Fund Class R6 | -0.74% | 3.21% | 5.23% | 6.74% | -14.90% | 9.94% | 3.33% | 12.18% | 2.05% | 12.17% |
BATEX BlackRock Allocation Target Shares Series E Portfolio | -0.89% | 3.22% | 4.74% | 6.45% | -14.23% | 8.28% | 5.77% | 10.92% | 1.75% | 8.76% |
Returns By Period
In the year-to-date period, NHMFX achieves a -0.74% return, which is significantly higher than BATEX's -0.89% return.
NHMFX
- 1D
- 0.29%
- 1M
- -3.30%
- YTD
- -0.74%
- 6M
- 1.02%
- 1Y
- 2.57%
- 3Y*
- 3.73%
- 5Y*
- 0.96%
- 10Y*
- —
BATEX
- 1D
- 0.20%
- 1M
- -2.94%
- YTD
- -0.89%
- 6M
- 0.45%
- 1Y
- 1.72%
- 3Y*
- 3.51%
- 5Y*
- 0.72%
- 10Y*
- 2.94%
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NHMFX vs. BATEX - Expense Ratio Comparison
NHMFX has a 0.69% expense ratio, which is higher than BATEX's 0.11% expense ratio.
Return for Risk
NHMFX vs. BATEX — Risk / Return Rank
NHMFX
BATEX
NHMFX vs. BATEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX) and BlackRock Allocation Target Shares Series E Portfolio (BATEX). 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.
| NHMFX | BATEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.43 | 0.33 | +0.09 |
Sortino ratioReturn per unit of downside risk | 0.61 | 0.49 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.11 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.42 | 0.39 | +0.04 |
Martin ratioReturn relative to average drawdown | 1.02 | 0.98 | +0.04 |
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
| NHMFX | BATEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 0.33 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.13 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.58 | -0.13 |
Correlation
The correlation between NHMFX and BATEX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
NHMFX vs. BATEX - Dividend Comparison
NHMFX's dividend yield for the trailing twelve months is around 5.79%, more than BATEX's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NHMFX Nuveen High Yield Municipal Bond Fund Class R6 | 5.79% | 6.59% | 5.35% | 6.99% | 5.68% | 4.71% | 5.05% | 5.03% | 5.46% | 5.37% | 2.52% | 0.00% |
BATEX BlackRock Allocation Target Shares Series E Portfolio | 4.73% | 5.01% | 3.74% | 2.98% | 5.41% | 3.29% | 3.50% | 3.80% | 4.75% | 2.88% | 0.98% | 0.13% |
Drawdowns
NHMFX vs. BATEX - Drawdown Comparison
The maximum NHMFX drawdown since its inception was -22.25%, which is greater than BATEX's maximum drawdown of -19.90%. Use the drawdown chart below to compare losses from any high point for NHMFX and BATEX.
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Drawdown Indicators
| NHMFX | BATEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.25% | -19.90% | -2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -7.85% | -7.14% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -21.55% | -19.90% | -1.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.90% | — |
Current DrawdownCurrent decline from peak | -3.30% | -2.94% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -4.08% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.80% | +0.45% |
Volatility
NHMFX vs. BATEX - Volatility Comparison
Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX) has a higher volatility of 1.61% compared to BlackRock Allocation Target Shares Series E Portfolio (BATEX) at 1.31%. This indicates that NHMFX's price experiences larger fluctuations and is considered to be riskier than BATEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NHMFX | BATEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 1.31% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 2.29% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.02% | 7.69% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.82% | 5.73% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.79% | 5.87% | +0.92% |