NHMRX vs. NVHIX
Compare and contrast key facts about Nuveen High Yield Municipal Bond Fund (NHMRX) and Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX).
NHMRX is managed by Nuveen. It was launched on Jun 6, 1999. NVHIX is managed by Nuveen. It was launched on Jan 31, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NHMRX or NVHIX.
Correlation
The correlation between NHMRX and NVHIX is 0.77, 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. NVHIX - Performance Comparison
Key characteristics
NHMRX:
0.08
NVHIX:
0.64
NHMRX:
0.16
NVHIX:
0.90
NHMRX:
1.03
NVHIX:
1.16
NHMRX:
0.05
NVHIX:
0.63
NHMRX:
0.28
NVHIX:
1.68
NHMRX:
2.37%
NVHIX:
1.62%
NHMRX:
8.42%
NVHIX:
4.27%
NHMRX:
-45.44%
NVHIX:
-13.54%
NHMRX:
-9.21%
NVHIX:
-3.10%
Returns By Period
In the year-to-date period, NHMRX achieves a -3.58% return, which is significantly lower than NVHIX's -1.34% return. Over the past 10 years, NHMRX has outperformed NVHIX with an annualized return of 3.38%, while NVHIX has yielded a comparatively lower 3.18% annualized return.
NHMRX
-3.58%
-3.78%
-3.65%
0.66%
2.62%
3.38%
NVHIX
-1.34%
-1.97%
-0.61%
2.72%
3.50%
3.18%
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NHMRX vs. NVHIX - Expense Ratio Comparison
NHMRX has a 0.52% expense ratio, which is lower than NVHIX's 0.55% expense ratio.
Risk-Adjusted Performance
NHMRX vs. NVHIX — Risk-Adjusted Performance Rank
NHMRX
NVHIX
NHMRX vs. NVHIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen High Yield Municipal Bond Fund (NHMRX) and Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX). 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. NVHIX - Dividend Comparison
NHMRX's dividend yield for the trailing twelve months is around 5.63%, more than NVHIX's 5.05% 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% |
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | 5.05% | 4.76% | 4.42% | 3.53% | 3.44% | 3.91% | 3.75% | 3.90% | 3.80% | 3.68% | 3.61% | 0.95% |
Drawdowns
NHMRX vs. NVHIX - Drawdown Comparison
The maximum NHMRX drawdown since its inception was -45.44%, which is greater than NVHIX's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for NHMRX and NVHIX. For additional features, visit the drawdowns tool.
Volatility
NHMRX vs. NVHIX - Volatility Comparison
Nuveen High Yield Municipal Bond Fund (NHMRX) has a higher volatility of 6.73% compared to Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) at 3.00%. This indicates that NHMRX's price experiences larger fluctuations and is considered to be riskier than NVHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.