NMTRX vs. FAMRX
NMTRX (Nuveen Municipal Total Return Managed Accounts) and FAMRX (Fidelity Asset Manager 85% Fund) are both mutual funds - NMTRX is a Municipal Bonds fund managed by BlackRock, while FAMRX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, NMTRX returned 2.22%/yr vs 12.13%/yr for FAMRX. At a correlation of -0.08, they often move in opposite directions. NMTRX charges 0.05%/yr vs 0.70%/yr for FAMRX.
Performance
NMTRX vs. FAMRX - Performance Comparison
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Returns By Period
In the year-to-date period, NMTRX achieves a 2.58% return, which is significantly lower than FAMRX's 14.17% return. Over the past 10 years, NMTRX has underperformed FAMRX with an annualized return of 2.22%, while FAMRX has yielded a comparatively higher 12.13% annualized return.
NMTRX
- 1D
- -0.10%
- 1M
- 1.91%
- YTD
- 2.58%
- 6M
- 3.08%
- 1Y
- 8.06%
- 3Y*
- 4.13%
- 5Y*
- 0.53%
- 10Y*
- 2.22%
FAMRX
- 1D
- -0.06%
- 1M
- 2.43%
- YTD
- 14.17%
- 6M
- 13.73%
- 1Y
- 29.75%
- 3Y*
- 18.98%
- 5Y*
- 9.75%
- 10Y*
- 12.13%
NMTRX vs. FAMRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMTRX Nuveen Municipal Total Return Managed Accounts | 2.58% | 3.90% | 1.99% | 6.21% | -11.98% | 2.69% | 5.25% | 9.26% | 1.06% | 7.41% |
FAMRX Fidelity Asset Manager 85% Fund | 14.17% | 20.87% | 12.60% | 18.98% | -18.55% | 17.10% | 19.37% | 26.26% | -9.21% | 21.08% |
Correlation
The correlation between NMTRX and FAMRX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 31, 2007 | -0.08 |
The correlation between NMTRX and FAMRX shifts across timeframes, from -0.08 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NMTRX vs. FAMRX — Risk / Return Rank
NMTRX
FAMRX
NMTRX vs. FAMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Municipal Total Return Managed Accounts (NMTRX) and Fidelity Asset Manager 85% Fund (FAMRX). 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.
| NMTRX | FAMRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.44 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 3.31 | -0.21 |
| Martin ratioReturn relative to average drawdown | 11.40 | 14.35 | -2.95 |
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Drawdowns
NMTRX vs. FAMRX - Drawdown Comparison
The maximum NMTRX drawdown since its inception was -16.36%, smaller than the maximum FAMRX drawdown of -58.65%. Use the drawdown chart below to compare losses from any high point for NMTRX and FAMRX.
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Drawdown Indicators
| NMTRX | FAMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.36% | -58.65% | +42.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -9.33% | +6.68% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -15.35% | +9.58% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | -26.00% | +9.64% |
Max Drawdown (10Y)Largest decline over 10 years | -16.36% | -30.96% | +14.60% |
Current DrawdownCurrent decline from peak | -0.10% | -0.06% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -2.90% | -12.30% | +9.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 2.15% | -1.43% |
Volatility
NMTRX vs. FAMRX - Volatility Comparison
The current volatility for Nuveen Municipal Total Return Managed Accounts (NMTRX) is 0.90%, while Fidelity Asset Manager 85% Fund (FAMRX) has a volatility of 5.36%. This indicates that NMTRX experiences smaller price fluctuations and is considered to be less risky than FAMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMTRX | FAMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 5.36% | -4.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 10.97% | -8.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.98% | 13.13% | -10.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.03% | 14.78% | -10.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.40% | 15.33% | -10.93% |
NMTRX vs. FAMRX - Expense Ratio Comparison
NMTRX has a 0.05% expense ratio, which is lower than FAMRX's 0.70% expense ratio.
Dividends
NMTRX vs. FAMRX - Dividend Comparison
NMTRX's dividend yield for the trailing twelve months is around 4.58%, less than FAMRX's 4.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAMRX Fidelity Asset Manager 85% Fund | 4.87% | 5.56% | 3.44% | 1.33% | 5.07% | 3.15% | 1.99% | 5.52% | 5.62% | 2.31% | 0.28% | 4.83% |
NMTRX Nuveen Municipal Total Return Managed Accounts | 4.58% | 4.46% | 3.55% | 3.67% | 3.28% | 2.73% | 2.92% | 3.20% | 3.47% | 3.28% | 3.71% | 3.91% |
Frequently Asked Questions
NMTRX and FAMRX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAMRX has higher volatility (5.36%) compared to NMTRX (0.90%). In terms of maximum drawdown, NMTRX dropped -16.36% vs FAMRX's -58.65%.
NMTRX currently has the higher Sharpe Ratio (2.76 vs 2.36), 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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