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NHMRX vs. BTT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between NHMRX and BTT is 0.32, 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.


-0.50.00.51.00.3

Performance

NHMRX vs. BTT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen High Yield Municipal Bond Fund (NHMRX) and Blackrock Municipal 2030 Target Term Trust (BTT). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
-1.24%
0.03%
NHMRX
BTT

Key characteristics

Sharpe Ratio

NHMRX:

0.86

BTT:

0.18

Sortino Ratio

NHMRX:

1.23

BTT:

0.29

Omega Ratio

NHMRX:

1.17

BTT:

1.04

Calmar Ratio

NHMRX:

0.38

BTT:

0.07

Martin Ratio

NHMRX:

2.95

BTT:

0.46

Ulcer Index

NHMRX:

1.58%

BTT:

2.44%

Daily Std Dev

NHMRX:

5.42%

BTT:

6.08%

Max Drawdown

NHMRX:

-45.44%

BTT:

-30.71%

Current Drawdown

NHMRX:

-6.77%

BTT:

-15.09%

Returns By Period

In the year-to-date period, NHMRX achieves a 4.12% return, which is significantly higher than BTT's 0.58% return. Over the past 10 years, NHMRX has outperformed BTT with an annualized return of 3.88%, while BTT has yielded a comparatively lower 3.66% annualized return.


NHMRX

YTD

4.12%

1M

-1.37%

6M

-1.24%

1Y

4.65%

5Y*

1.24%

10Y*

3.88%

BTT

YTD

0.58%

1M

-3.11%

6M

0.08%

1Y

0.73%

5Y*

-0.47%

10Y*

3.66%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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.


Sharpe ratio
The chart of Sharpe ratio for NHMRX, currently valued at 0.86, compared to the broader market-1.000.001.002.003.004.000.860.12
The chart of Sortino ratio for NHMRX, currently valued at 1.23, compared to the broader market-2.000.002.004.006.008.0010.001.230.21
The chart of Omega ratio for NHMRX, currently valued at 1.17, compared to the broader market0.501.001.502.002.503.003.501.171.03
The chart of Calmar ratio for NHMRX, currently valued at 0.38, compared to the broader market0.002.004.006.008.0010.0012.0014.000.380.04
The chart of Martin ratio for NHMRX, currently valued at 2.95, compared to the broader market0.0020.0040.0060.002.950.30
NHMRX
BTT

The current NHMRX Sharpe Ratio is 0.86, which is higher than the BTT Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of NHMRX and BTT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
0.86
0.12
NHMRX
BTT

Dividends

NHMRX vs. BTT - Dividend Comparison

NHMRX's dividend yield for the trailing twelve months is around 5.37%, more than BTT's 2.71% yield.


TTM20232022202120202019201820172016201520142013
NHMRX
Nuveen High Yield Municipal Bond Fund
5.37%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
2.71%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.


-16.00%-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%JulyAugustSeptemberOctoberNovemberDecember
-6.77%
-15.09%
NHMRX
BTT

Volatility

NHMRX vs. BTT - Volatility Comparison

Nuveen High Yield Municipal Bond Fund (NHMRX) and Blackrock Municipal 2030 Target Term Trust (BTT) have volatilities of 1.89% and 1.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.50%2.00%2.50%JulyAugustSeptemberOctoberNovemberDecember
1.89%
1.90%
NHMRX
BTT
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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