NHMRX vs. QQQ
Compare and contrast key facts about Nuveen High Yield Municipal Bond Fund (NHMRX) and Invesco QQQ (QQQ).
NHMRX is managed by Nuveen. It was launched on Jun 6, 1999. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NHMRX or QQQ.
Performance
NHMRX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, NHMRX achieves a 5.56% return, which is significantly lower than QQQ's 24.04% return. Over the past 10 years, NHMRX has underperformed QQQ with an annualized return of 4.14%, while QQQ has yielded a comparatively higher 18.03% annualized return.
NHMRX
5.56%
2.22%
2.93%
11.64%
1.67%
4.14%
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| NHMRX | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.10 | 1.76 |
| Sortino Ratio | 3.21 | 2.35 |
| Omega Ratio | 1.46 | 1.32 |
| Calmar Ratio | 0.76 | 2.25 |
| Martin Ratio | 7.95 | 8.18 |
| Ulcer Index | 1.47% | 3.74% |
| Daily Std Dev | 5.56% | 17.36% |
| Max Drawdown | -45.44% | -82.98% |
| Current Drawdown | -5.48% | -1.62% |
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NHMRX vs. QQQ - Expense Ratio Comparison
NHMRX has a 0.52% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between NHMRX and QQQ is -0.01. 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.
Risk-Adjusted Performance
NHMRX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen High Yield Municipal Bond Fund (NHMRX) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
NHMRX's dividend yield for the trailing twelve months is around 5.28%, more than QQQ's 0.60% 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% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
NHMRX vs. QQQ - Drawdown Comparison
The maximum NHMRX drawdown since its inception was -45.44%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NHMRX and QQQ. For additional features, visit the drawdowns tool.
Volatility
NHMRX vs. QQQ - Volatility Comparison
The current volatility for Nuveen High Yield Municipal Bond Fund (NHMRX) is 2.27%, while Invesco QQQ (QQQ) has a volatility of 5.36%. This indicates that NHMRX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.