NHMRX vs. BTT
Compare and contrast key facts about Nuveen High Yield Municipal Bond Fund (NHMRX) and Blackrock Municipal 2030 Target Term Trust (BTT).
NHMRX is managed by Nuveen. It was launched on Jun 6, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NHMRX or BTT.
Performance
NHMRX vs. BTT - Performance Comparison
Returns By Period
In the year-to-date period, NHMRX achieves a 5.56% return, which is significantly higher than BTT's 3.81% return. Both investments have delivered pretty close results over the past 10 years, with NHMRX having a 4.14% annualized return and BTT not far behind at 4.13%.
NHMRX
5.56%
2.22%
2.93%
11.64%
1.67%
4.14%
BTT
3.81%
-0.35%
4.33%
5.62%
0.63%
4.13%
Key characteristics
| NHMRX | BTT | |
|---|---|---|
| Sharpe Ratio | 2.10 | 0.89 |
| Sortino Ratio | 3.21 | 1.29 |
| Omega Ratio | 1.46 | 1.16 |
| Calmar Ratio | 0.76 | 0.32 |
| Martin Ratio | 7.95 | 2.41 |
| Ulcer Index | 1.47% | 2.33% |
| Daily Std Dev | 5.56% | 6.32% |
| Max Drawdown | -45.44% | -30.71% |
| Current Drawdown | -5.48% | -12.36% |
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Correlation
The correlation between NHMRX and BTT is 0.31, 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.
Risk-Adjusted Performance
NHMRX vs. BTT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen High Yield Municipal Bond Fund (NHMRX) and Blackrock Municipal 2030 Target Term Trust (BTT). 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
NHMRX vs. BTT - Dividend Comparison
NHMRX's dividend yield for the trailing twelve months is around 5.28%, more than BTT's 2.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NHMRX Nuveen High Yield Municipal Bond Fund | 5.28% | 5.55% | 5.64% | 4.70% | 5.04% | 5.00% | 5.47% | 5.38% | 5.88% | 5.68% | 5.79% | 6.72% |
BTT Blackrock Municipal 2030 Target Term Trust | 2.62% | 3.09% | 3.49% | 2.87% | 2.90% | 3.08% | 3.92% | 4.08% | 4.40% | 4.46% | 5.20% | 6.73% |
Drawdowns
NHMRX vs. BTT - Drawdown Comparison
The maximum NHMRX drawdown since its inception was -45.44%, which is greater than BTT's maximum drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for NHMRX and BTT. For additional features, visit the drawdowns tool.
Volatility
NHMRX vs. BTT - Volatility Comparison
Nuveen High Yield Municipal Bond Fund (NHMRX) has a higher volatility of 2.27% compared to Blackrock Municipal 2030 Target Term Trust (BTT) at 1.36%. This indicates that NHMRX's price experiences larger fluctuations and is considered to be riskier than BTT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.