NHMFX vs. HIMFX
Compare and contrast key facts about Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX) and American High-Income Municipal Bond Fund Class F-3 (HIMFX).
NHMFX is managed by Nuveen. It was launched on Jun 30, 2016. HIMFX is an actively managed fund by Capital Group. It was launched on Jan 27, 2017.
Performance
NHMFX vs. HIMFX - Performance Comparison
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NHMFX vs. HIMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NHMFX Nuveen High Yield Municipal Bond Fund Class R6 | 0.16% | 3.21% | 5.23% | 6.74% | -14.90% | 9.94% | 3.33% | 12.18% | 2.05% | 11.22% |
HIMFX American High-Income Municipal Bond Fund Class F-3 | -0.13% | 4.69% | 6.23% | 7.89% | -12.36% | 5.60% | 4.74% | 8.92% | 1.91% | 8.22% |
Returns By Period
In the year-to-date period, NHMFX achieves a 0.16% return, which is significantly higher than HIMFX's -0.13% return.
NHMFX
- 1D
- 0.91%
- 1M
- -2.01%
- YTD
- 0.16%
- 6M
- 1.94%
- 1Y
- 2.94%
- 3Y*
- 4.04%
- 5Y*
- 1.12%
- 10Y*
- —
HIMFX
- 1D
- 0.33%
- 1M
- -2.06%
- YTD
- -0.13%
- 6M
- 1.53%
- 1Y
- 3.90%
- 3Y*
- 5.31%
- 5Y*
- 1.76%
- 10Y*
- —
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NHMFX vs. HIMFX - Expense Ratio Comparison
NHMFX has a 0.69% expense ratio, which is higher than HIMFX's 0.31% expense ratio.
Return for Risk
NHMFX vs. HIMFX — Risk / Return Rank
NHMFX
HIMFX
NHMFX vs. HIMFX - 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 American High-Income Municipal Bond Fund Class F-3 (HIMFX). 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 | HIMFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.44 | 0.67 | -0.23 |
Sortino ratioReturn per unit of downside risk | 0.63 | 0.91 | -0.28 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.20 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.62 | 0.87 | -0.26 |
Martin ratioReturn relative to average drawdown | 1.49 | 2.63 | -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
| NHMFX | HIMFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 0.67 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.37 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.81 | -0.34 |
Correlation
The correlation between NHMFX and HIMFX is 0.88, 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. HIMFX - Dividend Comparison
NHMFX's dividend yield for the trailing twelve months is around 6.25%, more than HIMFX's 3.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
NHMFX Nuveen High Yield Municipal Bond Fund Class R6 | 6.25% | 6.59% | 5.35% | 6.99% | 5.68% | 4.71% | 5.05% | 5.03% | 5.46% | 5.37% | 2.52% |
HIMFX American High-Income Municipal Bond Fund Class F-3 | 3.99% | 4.32% | 3.83% | 3.71% | 2.80% | 3.54% | 3.73% | 3.49% | 3.99% | 3.61% | 0.00% |
Drawdowns
NHMFX vs. HIMFX - Drawdown Comparison
The maximum NHMFX drawdown since its inception was -22.25%, which is greater than HIMFX's maximum drawdown of -17.57%. Use the drawdown chart below to compare losses from any high point for NHMFX and HIMFX.
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Drawdown Indicators
| NHMFX | HIMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.25% | -17.57% | -4.68% |
Max Drawdown (1Y)Largest decline over 1 year | -7.85% | -5.60% | -2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -21.55% | -17.57% | -3.98% |
Current DrawdownCurrent decline from peak | -2.42% | -2.38% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -3.21% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 1.86% | +1.39% |
Volatility
NHMFX vs. HIMFX - Volatility Comparison
Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX) has a higher volatility of 1.91% compared to American High-Income Municipal Bond Fund Class F-3 (HIMFX) at 1.15%. This indicates that NHMFX's price experiences larger fluctuations and is considered to be riskier than HIMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NHMFX | HIMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 1.15% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 1.89% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.06% | 6.35% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.82% | 4.78% | +2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.79% | 4.62% | +2.17% |