NHMRX vs. NMI
Compare and contrast key facts about Nuveen High Yield Municipal Bond Fund (NHMRX) and Nuveen Municipal Income Fund, Inc. (NMI).
NHMRX is managed by Nuveen. It was launched on Jun 6, 1999. NMI is managed by Nuveen. It was launched on Apr 20, 1998.
Performance
NHMRX vs. NMI - Performance Comparison
Loading graphics...
Returns By Period
In the year-to-date period, NHMRX achieves a 0.65% return, which is significantly lower than NMI's 4.19% return. Over the past 10 years, NHMRX has outperformed NMI with an annualized return of 3.78%, while NMI has yielded a comparatively lower 2.13% 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%
NMI
- 1D
- -1.25%
- 1M
- 2.90%
- YTD
- 4.19%
- 6M
- 4.91%
- 1Y
- 9.73%
- 3Y*
- 7.63%
- 5Y*
- 1.78%
- 10Y*
- 2.13%
NHMRX vs. NMI - 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% |
NMI Nuveen Municipal Income Fund, Inc. | 4.19% | 10.52% | 7.03% | 1.90% | -15.09% | 3.86% | 4.70% | 16.02% | -8.07% | 7.49% |
Correlation
The correlation between NHMRX and NMI is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners. Combining low-correlation assets is one of the most reliable ways to reduce portfolio risk without sacrificing expected returns.
NHMRX vs. NMI - Expense Ratio Comparison
NHMRX has a 0.52% expense ratio, which is lower than NMI's 0.72% expense ratio.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NHMRX vs. NMI — Risk / Return Rank
NHMRX
NMI
NHMRX vs. NMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen High Yield Municipal Bond Fund (NHMRX) and Nuveen Municipal Income Fund, Inc. (NMI). 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 | NMI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.44 | 0.70 | -0.26 |
Sortino ratioReturn per unit of downside risk | 0.63 | 1.25 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.18 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.50 | 1.00 | -0.50 |
Martin ratioReturn relative to average drawdown | 1.21 | 2.02 | -0.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| NHMRX | NMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 0.70 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.13 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.15 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.33 | +0.55 |
Drawdowns
NHMRX vs. NMI - Drawdown Comparison
The maximum NHMRX drawdown since its inception was -45.45%, which is greater than NMI's maximum drawdown of -28.92%. Use the drawdown chart below to compare losses from any high point for NHMRX and NMI.
Loading graphics...
Drawdown Indicators
| NHMRX | NMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.45% | -28.92% | -16.53% |
Max Drawdown (1Y)Largest decline over 1 year | -7.92% | -8.71% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -21.52% | -28.92% | +7.40% |
Max Drawdown (10Y)Largest decline over 10 years | -22.22% | -28.92% | +6.70% |
Current DrawdownCurrent decline from peak | -1.87% | -2.11% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -5.93% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 4.31% | -1.02% |
Volatility
NHMRX vs. NMI - Volatility Comparison
The current volatility for Nuveen High Yield Municipal Bond Fund (NHMRX) is 1.80%, while Nuveen Municipal Income Fund, Inc. (NMI) has a volatility of 5.96%. This indicates that NHMRX experiences smaller price fluctuations and is considered to be less risky than NMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| NHMRX | NMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 5.96% | -4.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 7.55% | -4.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.00% | 12.18% | -4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.81% | 13.59% | -6.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.71% | 14.60% | -7.89% |
Dividends
NHMRX vs. NMI - Dividend Comparison
NHMRX's dividend yield for the trailing twelve months is around 6.17%, more than NMI's 4.46% 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% |
NMI Nuveen Municipal Income Fund, Inc. | 4.46% | 4.59% | 4.63% | 4.04% | 3.51% | 3.22% | 3.53% | 4.15% | 5.12% | 4.21% | 4.45% | 4.28% |