NHMRX vs. FGIAX
Compare and contrast key facts about Nuveen High Yield Municipal Bond Fund (NHMRX) and Nuveen Global Infrastructure Fund Class A (FGIAX).
NHMRX is managed by Nuveen. It was launched on Jun 6, 1999. FGIAX is a passively managed fund by Nuveen that tracks the performance of the S&P Global Infrastructure Index NR. It was launched on Dec 17, 2007.
Performance
NHMRX vs. FGIAX - Performance Comparison
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Returns By Period
In the year-to-date period, NHMRX achieves a 0.65% return, which is significantly lower than FGIAX's 11.76% return. Over the past 10 years, NHMRX has underperformed FGIAX with an annualized return of 3.78%, while FGIAX has yielded a comparatively higher 8.95% annualized return.
NHMRX
- 1D
- 0.14%
- 1M
- -0.78%
- YTD
- 0.65%
- 6M
- 2.42%
- 1Y
- 2.22%
- 3Y*
- 4.44%
- 5Y*
- 1.48%
- 10Y*
- 3.78%
FGIAX
- 1D
- 0.82%
- 1M
- 0.67%
- YTD
- 11.76%
- 6M
- 11.51%
- 1Y
- 29.40%
- 3Y*
- 14.70%
- 5Y*
- 10.74%
- 10Y*
- 8.95%
NHMRX vs. FGIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NHMRX Nuveen High Yield Municipal Bond Fund | 0.65% | 3.24% | 5.62% | 7.31% | -14.96% | 10.37% | 3.25% | 12.59% | 2.06% | 12.10% |
FGIAX Nuveen Global Infrastructure Fund Class A | 11.76% | 17.73% | 10.70% | 8.51% | -6.23% | 14.51% | -2.76% | 29.32% | -7.91% | 19.40% |
Correlation
The correlation between NHMRX and FGIAX is 0.07, meaning there is essentially no relationship between their price movements. They neither move together nor in opposition — each responds to its own set of market drivers. This independence makes them strong candidates for combining in a diversified portfolio.
NHMRX vs. FGIAX - Expense Ratio Comparison
NHMRX has a 0.52% expense ratio, which is lower than FGIAX's 1.21% expense ratio.
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Return for Risk
NHMRX vs. FGIAX — Risk / Return Rank
NHMRX
FGIAX
NHMRX vs. FGIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen High Yield Municipal Bond Fund (NHMRX) and Nuveen Global Infrastructure Fund Class A (FGIAX). 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.
| NHMRX | FGIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.44 | 1.79 | -1.35 |
Sortino ratioReturn per unit of downside risk | 0.63 | 2.30 | -1.67 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.36 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 0.50 | 2.82 | -2.32 |
Martin ratioReturn relative to average drawdown | 1.21 | 12.95 | -11.74 |
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
| NHMRX | FGIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 1.79 | -1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.82 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.59 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.42 | +0.46 |
Drawdowns
NHMRX vs. FGIAX - Drawdown Comparison
The maximum NHMRX drawdown since its inception was -45.45%, smaller than the maximum FGIAX drawdown of -49.35%. Use the drawdown chart below to compare losses from any high point for NHMRX and FGIAX.
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Drawdown Indicators
| NHMRX | FGIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.45% | -49.35% | +3.90% |
Max Drawdown (1Y)Largest decline over 1 year | -7.92% | -6.04% | -1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -21.52% | -21.08% | -0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -22.22% | -38.02% | +15.80% |
Current DrawdownCurrent decline from peak | -1.87% | -1.82% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -7.22% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 1.80% | +1.49% |
Volatility
NHMRX vs. FGIAX - Volatility Comparison
The current volatility for Nuveen High Yield Municipal Bond Fund (NHMRX) is 1.80%, while Nuveen Global Infrastructure Fund Class A (FGIAX) has a volatility of 3.94%. This indicates that NHMRX experiences smaller price fluctuations and is considered to be less risky than FGIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NHMRX | FGIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 3.94% | -2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 7.11% | -4.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.00% | 12.30% | -4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.81% | 13.08% | -6.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.71% | 15.17% | -8.46% |
Dividends
NHMRX vs. FGIAX - Dividend Comparison
NHMRX's dividend yield for the trailing twelve months is around 6.17%, less than FGIAX's 8.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NHMRX Nuveen High Yield Municipal Bond Fund | 6.17% | 6.54% | 5.79% | 7.34% | 5.64% | 5.09% | 5.03% | 5.39% | 5.47% | 5.38% | 5.88% | 5.60% |
FGIAX Nuveen Global Infrastructure Fund Class A | 8.93% | 9.99% | 7.46% | 2.27% | 6.11% | 7.20% | 1.38% | 7.06% | 6.32% | 5.83% | 8.23% | 3.05% |