Correlation
The correlation between NHMRX and PHMIX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
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
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Key characteristics
NHMRX:
-0.01
PHMIX:
0.42
NHMRX:
-0.02
PHMIX:
0.47
NHMRX:
1.00
PHMIX:
1.08
NHMRX:
-0.04
PHMIX:
0.35
NHMRX:
-0.17
PHMIX:
1.08
NHMRX:
3.07%
PHMIX:
1.89%
NHMRX:
8.60%
PHMIX:
6.14%
NHMRX:
-45.45%
PHMIX:
-35.53%
NHMRX:
-8.85%
PHMIX:
-3.71%
Returns By Period
In the year-to-date period, NHMRX achieves a -3.15% return, which is significantly lower than PHMIX's -1.68% return. Over the past 10 years, NHMRX has underperformed PHMIX with an annualized return of 3.47%, while PHMIX has yielded a comparatively higher 3.81% annualized return.
NHMRX
-3.15%
-0.93%
-4.97%
-0.83%
0.16%
2.19%
3.47%
PHMIX
-1.68%
-0.97%
-3.49%
1.99%
2.17%
2.43%
3.81%
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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.
Risk-Adjusted Performance
NHMRX vs. PHMIX — Risk-Adjusted Performance Rank
NHMRX
PHMIX
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.
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Dividends
NHMRX vs. PHMIX - Dividend Comparison
NHMRX's dividend yield for the trailing twelve months is around 5.63%, more than PHMIX's 4.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NHMRX Nuveen High Yield Municipal Bond Fund | 5.63% | 5.31% | 5.54% | 5.64% | 4.68% | 5.00% | 4.97% | 5.44% | 5.38% | 5.88% | 5.68% | 5.79% |
PHMIX PIMCO High Yield Municipal Bond Fund | 4.17% | 4.59% | 4.72% | 4.52% | 3.84% | 3.63% | 4.07% | 4.40% | 4.21% | 4.13% | 4.47% | 4.51% |
Drawdowns
NHMRX vs. PHMIX - Drawdown Comparison
The maximum NHMRX drawdown since its inception was -45.45%, which is greater than PHMIX's maximum drawdown of -35.53%. Use the drawdown chart below to compare losses from any high point for NHMRX and PHMIX.
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Volatility
NHMRX vs. PHMIX - Volatility Comparison
Nuveen High Yield Municipal Bond Fund (NHMRX) has a higher volatility of 1.24% compared to PIMCO High Yield Municipal Bond Fund (PHMIX) at 1.00%. 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.
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