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NHMRX vs. PHMIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.7

Performance

NHMRX vs. PHMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen High Yield Municipal Bond Fund (NHMRX) and PIMCO High Yield Municipal Bond Fund (PHMIX). The values are adjusted to include any dividend payments, if applicable.

-2.00%-1.00%0.00%1.00%2.00%3.00%4.00%JulyAugustSeptemberOctoberNovemberDecember
-1.24%
0.69%
NHMRX
PHMIX

Key characteristics

Sharpe Ratio

NHMRX:

0.86

PHMIX:

1.03

Sortino Ratio

NHMRX:

1.23

PHMIX:

1.48

Omega Ratio

NHMRX:

1.17

PHMIX:

1.22

Calmar Ratio

NHMRX:

0.38

PHMIX:

0.54

Martin Ratio

NHMRX:

2.95

PHMIX:

4.47

Ulcer Index

NHMRX:

1.58%

PHMIX:

0.94%

Daily Std Dev

NHMRX:

5.42%

PHMIX:

4.09%

Max Drawdown

NHMRX:

-45.44%

PHMIX:

-35.54%

Current Drawdown

NHMRX:

-6.77%

PHMIX:

-3.14%

Returns By Period

In the year-to-date period, NHMRX achieves a 4.12% return, which is significantly higher than PHMIX's 3.55% return. Both investments have delivered pretty close results over the past 10 years, with NHMRX having a 3.88% annualized return and PHMIX not far ahead at 3.91%.


NHMRX

YTD

4.12%

1M

-1.37%

6M

-1.24%

1Y

4.65%

5Y*

1.24%

10Y*

3.88%

PHMIX

YTD

3.55%

1M

-1.52%

6M

0.69%

1Y

4.22%

5Y*

1.68%

10Y*

3.91%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


NHMRX vs. PHMIX - Expense Ratio Comparison

NHMRX has a 0.52% expense ratio, which is lower than PHMIX's 0.55% expense ratio.


PHMIX
PIMCO High Yield Municipal Bond Fund
Expense ratio chart for PHMIX: current value at 0.55% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.55%
Expense ratio chart for NHMRX: current value at 0.52% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.52%

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.


Sharpe ratio
The chart of Sharpe ratio for NHMRX, currently valued at 0.86, compared to the broader market-1.000.001.002.003.004.000.861.03
The chart of Sortino ratio for NHMRX, currently valued at 1.23, compared to the broader market-2.000.002.004.006.008.0010.001.231.48
The chart of Omega ratio for NHMRX, currently valued at 1.17, compared to the broader market0.501.001.502.002.503.003.501.171.22
The chart of Calmar ratio for NHMRX, currently valued at 0.38, compared to the broader market0.002.004.006.008.0010.0012.0014.000.380.54
The chart of Martin ratio for NHMRX, currently valued at 2.95, compared to the broader market0.0020.0040.0060.002.954.47
NHMRX
PHMIX

The current NHMRX Sharpe Ratio is 0.86, which is comparable to the PHMIX Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of NHMRX and PHMIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.86
1.03
NHMRX
PHMIX

Dividends

NHMRX vs. PHMIX - Dividend Comparison

NHMRX's dividend yield for the trailing twelve months is around 5.37%, more than PHMIX's 4.27% yield.


TTM20232022202120202019201820172016201520142013
NHMRX
Nuveen High Yield Municipal Bond Fund
5.37%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
4.27%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.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-6.77%
-3.14%
NHMRX
PHMIX

Volatility

NHMRX vs. PHMIX - Volatility Comparison

Nuveen High Yield Municipal Bond Fund (NHMRX) has a higher volatility of 1.89% compared to PIMCO High Yield Municipal Bond Fund (PHMIX) at 1.39%. 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.


0.50%1.00%1.50%2.00%2.50%JulyAugustSeptemberOctoberNovemberDecember
1.89%
1.39%
NHMRX
PHMIX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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