NHMRX vs. PHMIX
Compare and contrast key facts about Nuveen High Yield Municipal Bond Fund (NHMRX) and PIMCO High Yield Municipal Bond Fund (PHMIX).
NHMRX is managed by Nuveen. It was launched on Jun 6, 1999. PHMIX is managed by PIMCO. It was launched on Jul 30, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NHMRX or PHMIX.
Performance
NHMRX vs. PHMIX - Performance Comparison
Returns By Period
In the year-to-date period, NHMRX achieves a 5.63% return, which is significantly higher than PHMIX's 5.14% return. Both investments have delivered pretty close results over the past 10 years, with NHMRX having a 4.16% annualized return and PHMIX not far behind at 4.14%.
NHMRX
5.63%
0.38%
2.32%
12.35%
1.68%
4.16%
PHMIX
5.14%
-0.44%
3.76%
10.98%
2.04%
4.14%
Key characteristics
| NHMRX | PHMIX | |
|---|---|---|
| Sharpe Ratio | 2.21 | 2.68 |
| Sortino Ratio | 3.37 | 4.15 |
| Omega Ratio | 1.49 | 1.64 |
| Calmar Ratio | 0.79 | 0.99 |
| Martin Ratio | 8.49 | 13.63 |
| Ulcer Index | 1.45% | 0.83% |
| Daily Std Dev | 5.58% | 4.21% |
| Max Drawdown | -45.44% | -35.54% |
| Current Drawdown | -5.41% | -1.64% |
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NHMRX vs. PHMIX - Expense Ratio Comparison
NHMRX has a 0.52% expense ratio, which is lower than PHMIX's 0.55% expense ratio.
Correlation
The correlation between NHMRX and PHMIX is 0.75, 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.
Risk-Adjusted Performance
NHMRX vs. PHMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen High Yield Municipal Bond Fund (NHMRX) and PIMCO High Yield Municipal Bond Fund (PHMIX). 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. PHMIX - Dividend Comparison
NHMRX's dividend yield for the trailing twelve months is around 5.28%, more than PHMIX's 4.60% 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% |
PHMIX PIMCO High Yield Municipal Bond Fund | 4.60% | 4.72% | 4.33% | 2.99% | 3.07% | 3.82% | 4.25% | 4.21% | 4.13% | 4.47% | 4.51% | 4.75% |
Drawdowns
NHMRX vs. PHMIX - Drawdown Comparison
The maximum NHMRX drawdown since its inception was -45.44%, which is greater than PHMIX's maximum drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for NHMRX and PHMIX. For additional features, visit the drawdowns tool.
Volatility
NHMRX vs. PHMIX - Volatility Comparison
Nuveen High Yield Municipal Bond Fund (NHMRX) has a higher volatility of 2.63% compared to PIMCO High Yield Municipal Bond Fund (PHMIX) at 2.02%. This indicates that NHMRX's price experiences larger fluctuations and is considered to be riskier than PHMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.