NHMRX vs. HYD
Compare and contrast key facts about Nuveen High Yield Municipal Bond Fund (NHMRX) and VanEck Vectors High-Yield Municipal Index ETF (HYD).
NHMRX is managed by Nuveen. It was launched on Jun 6, 1999. HYD is a passively managed fund by VanEck that tracks the performance of the Bloomberg Barclays Municipal Custom High Yield Composite Index. It was launched on Feb 4, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NHMRX or HYD.
Performance
NHMRX vs. HYD - Performance Comparison
Returns By Period
In the year-to-date period, NHMRX achieves a 5.56% return, which is significantly higher than HYD's 5.20% return. Over the past 10 years, NHMRX has outperformed HYD with an annualized return of 4.14%, while HYD has yielded a comparatively lower 3.68% annualized return.
NHMRX
5.56%
2.22%
2.93%
11.64%
1.67%
4.14%
HYD
5.20%
1.21%
4.12%
9.53%
-0.11%
3.68%
Key characteristics
| NHMRX | HYD | |
|---|---|---|
| Sharpe Ratio | 2.10 | 1.82 |
| Sortino Ratio | 3.21 | 2.62 |
| Omega Ratio | 1.46 | 1.36 |
| Calmar Ratio | 0.76 | 0.65 |
| Martin Ratio | 7.95 | 11.18 |
| Ulcer Index | 1.47% | 0.85% |
| Daily Std Dev | 5.56% | 5.25% |
| Max Drawdown | -45.44% | -35.60% |
| Current Drawdown | -5.48% | -6.48% |
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NHMRX vs. HYD - Expense Ratio Comparison
NHMRX has a 0.52% expense ratio, which is higher than HYD's 0.35% expense ratio.
Correlation
The correlation between NHMRX and HYD is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
NHMRX vs. HYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen High Yield Municipal Bond Fund (NHMRX) and VanEck Vectors High-Yield Municipal Index ETF (HYD). 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. HYD - Dividend Comparison
NHMRX's dividend yield for the trailing twelve months is around 5.28%, more than HYD's 4.23% 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% |
HYD VanEck Vectors High-Yield Municipal Index ETF | 4.23% | 4.13% | 3.96% | 3.50% | 4.01% | 4.08% | 14.47% | 4.29% | 4.58% | 4.83% | 4.98% | 6.34% |
Drawdowns
NHMRX vs. HYD - Drawdown Comparison
The maximum NHMRX drawdown since its inception was -45.44%, which is greater than HYD's maximum drawdown of -35.60%. Use the drawdown chart below to compare losses from any high point for NHMRX and HYD. For additional features, visit the drawdowns tool.
Volatility
NHMRX vs. HYD - Volatility Comparison
Nuveen High Yield Municipal Bond Fund (NHMRX) has a higher volatility of 2.27% compared to VanEck Vectors High-Yield Municipal Index ETF (HYD) at 1.96%. This indicates that NHMRX's price experiences larger fluctuations and is considered to be riskier than HYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.