NMI vs. TILIX
NMI (Nuveen Municipal Income Fund, Inc.) and TILIX (Nuveen Large Cap Growth Index Fund R6 Class) are both mutual funds - NMI is a Municipal Bonds fund managed by Nuveen, while TILIX is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index. Over the past 10 years, NMI returned 2.63%/yr vs 17.31%/yr for TILIX. Their 0.07 correlation means their historical movements had little consistent relationship. NMI charges 0.72%/yr vs 0.05%/yr for TILIX.
Performance
NMI vs. TILIX - Performance Comparison
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Returns By Period
In the year-to-date period, NMI achieves a 10.88% return, which is significantly higher than TILIX's 0.47% return. Over the past 10 years, NMI has underperformed TILIX with an annualized return of 2.63%, while TILIX has yielded a comparatively higher 17.31% annualized return.
NMI
- 1D
- -0.95%
- 1M
- -1.51%
- 6M
- 9.75%
- YTD
- 10.88%
- 1Y
- 13.71%
- 3Y*
- 9.33%
- 5Y*
- 1.97%
- 10Y*
- 2.63%
- ALL TIME*
- 5.23%
TILIX
- 1D
- 0.81%
- 1M
- -2.43%
- 6M
- 1.71%
- YTD
- 0.47%
- 1Y
- 10.22%
- 3Y*
- 19.39%
- 5Y*
- 11.86%
- 10Y*
- 17.31%
- ALL TIME*
- 11.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $227.28K | $191.31K | $195.63K | |
| $0.00 | $0.00 | $0.00 |
NMI vs. TILIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMI Nuveen Municipal Income Fund, Inc. | 10.88% | 10.52% | 7.03% | 1.90% | -15.09% | 3.86% | 4.70% | 16.02% | -8.07% | 7.49% |
TILIX Nuveen Large Cap Growth Index Fund R6 Class | 0.47% | 18.41% | 33.31% | 42.64% | -29.22% | 27.63% | 38.43% | 36.30% | -1.66% | 28.49% |
Correlation
The correlation between NMI and TILIX is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2002 | 0.07 |
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Return for Risk
NMI vs. TILIX — Risk / Return Rank
NMI
TILIX
NMI vs. TILIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Municipal Income Fund, Inc. (NMI) and Nuveen Large Cap Growth Index Fund R6 Class (TILIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NMI | TILIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.09 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 0.50 | +0.75 |
| Martin ratioReturn relative to average drawdown | 5.63 | 1.50 | +4.13 |
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Drawdowns
NMI vs. TILIX - Drawdown Comparison
The maximum NMI drawdown since its inception was -28.92%, smaller than the maximum TILIX drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for NMI and TILIX.
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Drawdown Indicators
| NMI | TILIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.92% | -50.54% | +21.62% |
Max Drawdown (1Y)Largest decline over 1 year | -10.96% | -16.24% | +5.28% |
Max Drawdown (3Y)Largest decline over 3 years | -11.32% | -23.33% | +12.01% |
Max Drawdown (5Y)Largest decline over 5 years | -28.92% | -32.68% | +3.76% |
Max Drawdown (10Y)Largest decline over 10 years | -28.92% | -32.68% | +3.76% |
Current DrawdownCurrent decline from peak | -3.48% | -7.81% | +4.33% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -7.72% | +1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 5.42% | -2.98% |
Volatility
NMI vs. TILIX - Volatility Comparison
The current volatility for Nuveen Municipal Income Fund, Inc. (NMI) is 2.40%, while Nuveen Large Cap Growth Index Fund R6 Class (TILIX) has a volatility of 6.43%. This indicates that NMI experiences smaller price fluctuations and is considered to be less risky than TILIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMI | TILIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 6.43% | -4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 14.87% | 14.00% | +0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.63% | 17.51% | -1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.72% | 21.78% | -7.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.04% | 21.22% | -6.18% |
NMI vs. TILIX - Expense Ratio Comparison
NMI has a 0.72% expense ratio, which is higher than TILIX's 0.05% expense ratio.
Dividends
NMI vs. TILIX - Dividend Comparison
NMI's dividend yield for the trailing twelve months is around 4.25%, less than TILIX's 4.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMI Nuveen Municipal Income Fund, Inc. | 4.25% | 4.59% | 4.63% | 4.04% | 3.51% | 3.22% | 3.53% | 4.15% | 5.12% | 4.21% | 4.45% | 4.28% |
TILIX Nuveen Large Cap Growth Index Fund R6 Class | 4.39% | 4.41% | 3.25% | 1.90% | 11.00% | 8.76% | 1.91% | 2.38% | 4.01% | 0.68% | 1.33% | 1.32% |
Frequently Asked Questions
NMI and TILIX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TILIX has higher volatility (6.43%) compared to NMI (2.40%). In terms of maximum drawdown, NMI dropped -28.92% vs TILIX's -50.54%.
NMI currently has the higher Sharpe Ratio (0.88 vs 0.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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