NHMFX vs. NVLIX

Last updated Apr 1, 2026

Compare and contrast key facts about Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX) and Nuveen Winslow Large-Cap Growth ESG Fund Class I (NVLIX).

NHMFX is managed by Nuveen. It was launched on Jun 30, 2016. NVLIX is managed by Nuveen. It was launched on May 15, 2009.

Performance

NHMFX vs. NVLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX) and Nuveen Winslow Large-Cap Growth ESG Fund Class I (NVLIX). The values are adjusted to include any dividend payments, if applicable.

NHMFX vs. NVLIX - 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%
NVLIX Nuveen Winslow Large-Cap Growth ESG Fund Class I	-14.74%	12.76%	29.48%	43.60%	-31.31%	27.62%	37.97%	33.54%	3.02%	33.09%

Returns By Period

In the year-to-date period, NHMFX achieves a -0.74% return, which is significantly higher than NVLIX's -14.74% return.

NHMFX

• 1D: 0.29%
• 1M: -3.30%
• YTD: -0.74%
• 6M: 1.02%
• 1Y: 2.57%
• 3Y*: 3.73%
• 5Y*: 0.96%
• 10Y*: —

NVLIX

• 1D: -0.77%
• 1M: -9.92%
• YTD: -14.74%
• 6M: -14.11%
• 1Y: 6.84%
• 3Y*: 16.78%
• 5Y*: 9.29%
• 10Y*: 15.06%

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

NHMFX vs. NVLIX - Expense Ratio Comparison

NHMFX has a 0.69% expense ratio, which is lower than NVLIX's 0.83% expense ratio.

NVLIX

Nuveen Winslow Large-Cap Growth ESG Fund Class I

NHMFX

Nuveen High Yield Municipal Bond Fund Class R6

Return for Risk

NHMFX vs. NVLIX — Risk / Return Rank

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

NHMFX

NHMFX Risk / Return Rank: 15
NHMFX Sharpe Ratio Rank: 16
NHMFX Sortino Ratio Rank: 13
NHMFX Omega Ratio Rank: 20
NHMFX Calmar Ratio Rank: 15
NHMFX Martin Ratio Rank: 12

NVLIX

NVLIX Risk / Return Rank: 11
NVLIX Sharpe Ratio Rank: 12
NVLIX Sortino Ratio Rank: 13
NVLIX Omega Ratio Rank: 13
NVLIX Calmar Ratio Rank: 9
NVLIX Martin Ratio Rank: 9

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.

NHMFX vs. NVLIX - 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 Nuveen Winslow Large-Cap Growth ESG Fund Class I (NVLIX). 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	NVLIX	Difference
Sharpe ratio Return per unit of total volatility	0.43	0.29	+0.13
Sortino ratio Return per unit of downside risk	0.61	0.58	+0.03
Omega ratio Gain probability vs. loss probability	1.12	1.08	+0.04
Calmar ratio Return relative to maximum drawdown	0.42	0.15	+0.27
Martin ratio Return relative to average drawdown	1.02	0.49	+0.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NHMFX vs. NVLIX - Sharpe Ratio Comparison

The current NHMFX Sharpe Ratio is 0.43, which is higher than the NVLIX Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of NHMFX and NVLIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NHMFX	NVLIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.43	0.29	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.42	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.73	-0.29

Correlation

The correlation between NHMFX and NVLIX is 0.08, 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.

Dividends

NHMFX vs. NVLIX - Dividend Comparison

NHMFX's dividend yield for the trailing twelve months is around 5.79%, less than NVLIX's 26.33% 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%
NVLIX Nuveen Winslow Large-Cap Growth ESG Fund Class I	26.33%	22.45%	14.35%	5.39%	8.93%	9.51%	5.47%	8.69%	18.81%	18.70%	17.11%	15.18%

Drawdowns

NHMFX vs. NVLIX - Drawdown Comparison

The maximum NHMFX drawdown since its inception was -22.25%, smaller than the maximum NVLIX drawdown of -39.57%. Use the drawdown chart below to compare losses from any high point for NHMFX and NVLIX.

Drawdown Indicators

	NHMFX	NVLIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.25%	-39.57%	+17.32%
Max Drawdown (1Y) Largest decline over 1 year	-7.85%	-19.01%	+11.16%
Max Drawdown (5Y) Largest decline over 5 years	-21.55%	-39.57%	+18.02%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.57%	—
Current Drawdown Current decline from peak	-3.30%	-19.01%	+15.71%
Average Drawdown Average peak-to-trough decline	-4.94%	-6.20%	+1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	5.81%	-2.56%

Volatility

NHMFX vs. NVLIX - Volatility Comparison

The current volatility for Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX) is 1.61%, while Nuveen Winslow Large-Cap Growth ESG Fund Class I (NVLIX) has a volatility of 5.48%. This indicates that NHMFX experiences smaller price fluctuations and is considered to be less risky than NVLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NHMFX	NVLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.61%	5.48%	-3.87%
Volatility (6M) Calculated over the trailing 6-month period	2.60%	12.08%	-9.48%
Volatility (1Y) Calculated over the trailing 1-year period	8.02%	22.64%	-14.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.82%	22.35%	-15.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.79%	21.97%	-15.18%