NHMFX vs. VWAHX
Compare and contrast key facts about Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX).
NHMFX is managed by Nuveen. It was launched on Jun 30, 2016. VWAHX is managed by Vanguard. It was launched on Dec 27, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NHMFX or VWAHX.
Correlation
The correlation between NHMFX and VWAHX is 0.87, 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.
Performance
NHMFX vs. VWAHX - Performance Comparison
Key characteristics
NHMFX:
1.05
VWAHX:
0.87
NHMFX:
1.47
VWAHX:
1.19
NHMFX:
1.21
VWAHX:
1.18
NHMFX:
0.54
VWAHX:
0.58
NHMFX:
2.97
VWAHX:
2.80
NHMFX:
1.88%
VWAHX:
1.25%
NHMFX:
5.33%
VWAHX:
4.00%
NHMFX:
-22.25%
VWAHX:
-17.82%
NHMFX:
-5.35%
VWAHX:
-1.98%
Returns By Period
In the year-to-date period, NHMFX achieves a 0.52% return, which is significantly higher than VWAHX's -0.00% return.
NHMFX
0.52%
1.27%
-0.73%
5.08%
0.68%
N/A
VWAHX
-0.00%
0.57%
0.27%
3.50%
0.92%
2.93%
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NHMFX vs. VWAHX - Expense Ratio Comparison
NHMFX has a 0.69% expense ratio, which is higher than VWAHX's 0.17% expense ratio.
Risk-Adjusted Performance
NHMFX vs. VWAHX — Risk-Adjusted Performance Rank
NHMFX
VWAHX
NHMFX vs. VWAHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX). 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.
Dividends
NHMFX vs. VWAHX - Dividend Comparison
NHMFX's dividend yield for the trailing twelve months is around 5.35%, more than VWAHX's 3.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NHMFX Nuveen High Yield Municipal Bond Fund Class R6 | 5.35% | 5.35% | 5.60% | 5.69% | 4.71% | 5.05% | 5.03% | 5.46% | 5.38% | 2.96% | 0.00% | 0.00% |
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 3.44% | 3.75% | 3.53% | 3.37% | 2.86% | 3.09% | 3.36% | 3.79% | 3.69% | 3.75% | 3.69% | 3.78% |
Drawdowns
NHMFX vs. VWAHX - Drawdown Comparison
The maximum NHMFX drawdown since its inception was -22.25%, which is greater than VWAHX's maximum drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for NHMFX and VWAHX. For additional features, visit the drawdowns tool.
Volatility
NHMFX vs. VWAHX - Volatility Comparison
Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX) has a higher volatility of 1.54% compared to Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) at 1.17%. This indicates that NHMFX's price experiences larger fluctuations and is considered to be riskier than VWAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.