NHMRX vs. MAYHX
Compare and contrast key facts about Nuveen High Yield Municipal Bond Fund (NHMRX) and BlackRock High Yield Municipal Fund (MAYHX).
NHMRX is managed by Nuveen. It was launched on Jun 6, 1999. MAYHX is managed by Blackrock. It was launched on Jul 31, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NHMRX or MAYHX.
Correlation
The correlation between NHMRX and MAYHX is 0.81, 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
NHMRX vs. MAYHX - Performance Comparison
Key characteristics
NHMRX:
0.08
MAYHX:
1.90
NHMRX:
0.16
MAYHX:
2.82
NHMRX:
1.03
MAYHX:
1.51
NHMRX:
0.05
MAYHX:
0.89
NHMRX:
0.28
MAYHX:
6.99
NHMRX:
2.37%
MAYHX:
1.15%
NHMRX:
8.42%
MAYHX:
4.24%
NHMRX:
-45.44%
MAYHX:
-34.02%
NHMRX:
-9.21%
MAYHX:
-1.86%
Returns By Period
In the year-to-date period, NHMRX achieves a -3.58% return, which is significantly lower than MAYHX's 1.69% return. Over the past 10 years, NHMRX has underperformed MAYHX with an annualized return of 3.38%, while MAYHX has yielded a comparatively higher 3.78% annualized return.
NHMRX
-3.58%
-3.78%
-3.65%
0.66%
2.62%
3.38%
MAYHX
1.69%
0.00%
1.23%
7.82%
4.25%
3.78%
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NHMRX vs. MAYHX - Expense Ratio Comparison
NHMRX has a 0.52% expense ratio, which is lower than MAYHX's 0.59% expense ratio.
Risk-Adjusted Performance
NHMRX vs. MAYHX — Risk-Adjusted Performance Rank
NHMRX
MAYHX
NHMRX vs. MAYHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen High Yield Municipal Bond Fund (NHMRX) and BlackRock High Yield Municipal Fund (MAYHX). 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. MAYHX - Dividend Comparison
NHMRX's dividend yield for the trailing twelve months is around 5.63%, more than MAYHX's 3.51% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NHMRX Nuveen High Yield Municipal Bond Fund | 5.63% | 5.35% | 5.55% | 5.64% | 4.70% | 5.04% | 5.00% | 5.47% | 5.38% | 5.88% | 5.68% | 5.79% |
MAYHX BlackRock High Yield Municipal Fund | 3.51% | 4.20% | 4.12% | 3.94% | 3.27% | 3.57% | 3.74% | 4.16% | 4.16% | 4.30% | 4.36% | 4.36% |
Drawdowns
NHMRX vs. MAYHX - Drawdown Comparison
The maximum NHMRX drawdown since its inception was -45.44%, which is greater than MAYHX's maximum drawdown of -34.02%. Use the drawdown chart below to compare losses from any high point for NHMRX and MAYHX. For additional features, visit the drawdowns tool.
Volatility
NHMRX vs. MAYHX - Volatility Comparison
Nuveen High Yield Municipal Bond Fund (NHMRX) has a higher volatility of 6.73% compared to BlackRock High Yield Municipal Fund (MAYHX) at 0.00%. This indicates that NHMRX's price experiences larger fluctuations and is considered to be riskier than MAYHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.