NMZ vs. SDHIX
Compare and contrast key facts about Nuveen Municipal High Income Opportunity Fund (NMZ) and Lord Abbett Short Duration High Income Municipal Bond Fund (SDHIX).
NMZ is an actively managed fund by Nuveen. It was launched on Nov 19, 2003. SDHIX is managed by Lord Abbett. It was launched on Jun 14, 2015.
Performance
NMZ vs. SDHIX - Performance Comparison
Loading graphics...
NMZ vs. SDHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMZ Nuveen Municipal High Income Opportunity Fund | 3.79% | 1.56% | 16.52% | 0.69% | -27.36% | 10.41% | 7.33% | 28.36% | -9.47% | 12.87% |
SDHIX Lord Abbett Short Duration High Income Municipal Bond Fund | -0.32% | 5.24% | 5.38% | 3.71% | -9.77% | 3.85% | 2.37% | 7.27% | 2.33% | 3.72% |
Returns By Period
In the year-to-date period, NMZ achieves a 3.79% return, which is significantly higher than SDHIX's -0.32% return. Over the past 10 years, NMZ has outperformed SDHIX with an annualized return of 2.92%, while SDHIX has yielded a comparatively lower 1.91% annualized return.
NMZ
- 1D
- 3.70%
- 1M
- -2.29%
- YTD
- 3.79%
- 6M
- 1.74%
- 1Y
- 2.59%
- 3Y*
- 5.34%
- 5Y*
- -0.49%
- 10Y*
- 2.92%
SDHIX
- 1D
- 0.07%
- 1M
- -2.01%
- YTD
- -0.32%
- 6M
- 0.70%
- 1Y
- 3.80%
- 3Y*
- 4.07%
- 5Y*
- 1.21%
- 10Y*
- 1.91%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NMZ vs. SDHIX - Expense Ratio Comparison
NMZ has a 1.50% expense ratio, which is higher than SDHIX's 0.50% expense ratio.
Return for Risk
NMZ vs. SDHIX — Risk / Return Rank
NMZ
SDHIX
NMZ vs. SDHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Municipal High Income Opportunity Fund (NMZ) and Lord Abbett Short Duration High Income Municipal Bond Fund (SDHIX). 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.
| NMZ | SDHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.21 | 1.26 | -1.05 |
Sortino ratioReturn per unit of downside risk | 0.35 | 1.76 | -1.41 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.37 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 0.32 | 1.39 | -1.07 |
Martin ratioReturn relative to average drawdown | 0.96 | 5.73 | -4.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| NMZ | SDHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | 1.26 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.44 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.64 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.65 | -0.38 |
Correlation
The correlation between NMZ and SDHIX is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
NMZ vs. SDHIX - Dividend Comparison
NMZ's dividend yield for the trailing twelve months is around 7.57%, more than SDHIX's 4.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMZ Nuveen Municipal High Income Opportunity Fund | 7.57% | 7.71% | 6.35% | 5.44% | 7.04% | 5.10% | 5.09% | 4.99% | 6.15% | 5.94% | 6.94% | 6.67% |
SDHIX Lord Abbett Short Duration High Income Municipal Bond Fund | 4.38% | 5.00% | 4.17% | 3.28% | 2.21% | 1.68% | 2.84% | 3.00% | 2.97% | 1.19% | 0.00% | 0.00% |
Drawdowns
NMZ vs. SDHIX - Drawdown Comparison
The maximum NMZ drawdown since its inception was -58.53%, which is greater than SDHIX's maximum drawdown of -13.36%. Use the drawdown chart below to compare losses from any high point for NMZ and SDHIX.
Loading graphics...
Drawdown Indicators
| NMZ | SDHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.53% | -13.36% | -45.17% |
Max Drawdown (1Y)Largest decline over 1 year | -11.04% | -3.22% | -7.82% |
Max Drawdown (5Y)Largest decline over 5 years | -40.03% | -13.36% | -26.67% |
Max Drawdown (10Y)Largest decline over 10 years | -40.03% | -13.36% | -26.67% |
Current DrawdownCurrent decline from peak | -11.86% | -2.01% | -9.85% |
Average DrawdownAverage peak-to-trough decline | -9.44% | -3.02% | -6.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 0.78% | +2.91% |
Volatility
NMZ vs. SDHIX - Volatility Comparison
Nuveen Municipal High Income Opportunity Fund (NMZ) has a higher volatility of 4.99% compared to Lord Abbett Short Duration High Income Municipal Bond Fund (SDHIX) at 0.68%. This indicates that NMZ's price experiences larger fluctuations and is considered to be riskier than SDHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| NMZ | SDHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 0.68% | +4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 6.60% | 1.34% | +5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.73% | 3.46% | +9.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.90% | 2.78% | +10.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.72% | 3.01% | +11.71% |