NSIOX vs. ISHYX
Compare and contrast key facts about Nuveen Strategic Municipal Opportunities Fund (NSIOX) and Invesco Short Duration High Yield Municipal Fund (ISHYX).
NSIOX is managed by Nuveen. It was launched on Dec 15, 2014. ISHYX is managed by Invesco. It was launched on Sep 29, 2015.
Performance
NSIOX vs. ISHYX - Performance Comparison
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NSIOX vs. ISHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NSIOX Nuveen Strategic Municipal Opportunities Fund | -0.66% | 3.19% | 4.61% | 7.17% | -13.81% | 5.21% | 6.82% | 10.07% | 3.31% | 9.77% |
ISHYX Invesco Short Duration High Yield Municipal Fund | 0.13% | 3.92% | 6.43% | 3.58% | -8.99% | 5.96% | -0.31% | 7.84% | 2.27% | 8.04% |
Returns By Period
In the year-to-date period, NSIOX achieves a -0.66% return, which is significantly lower than ISHYX's 0.13% return. Over the past 10 years, NSIOX has outperformed ISHYX with an annualized return of 3.07%, while ISHYX has yielded a comparatively lower 2.84% annualized return.
NSIOX
- 1D
- 0.21%
- 1M
- -2.71%
- YTD
- -0.66%
- 6M
- 0.60%
- 1Y
- 2.41%
- 3Y*
- 3.79%
- 5Y*
- 0.65%
- 10Y*
- 3.07%
ISHYX
- 1D
- 0.11%
- 1M
- -1.79%
- YTD
- 0.13%
- 6M
- 1.85%
- 1Y
- 3.51%
- 3Y*
- 4.15%
- 5Y*
- 1.66%
- 10Y*
- 2.84%
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NSIOX vs. ISHYX - Expense Ratio Comparison
NSIOX has a 0.56% expense ratio, which is lower than ISHYX's 0.59% expense ratio.
Return for Risk
NSIOX vs. ISHYX — Risk / Return Rank
NSIOX
ISHYX
NSIOX vs. ISHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Strategic Municipal Opportunities Fund (NSIOX) and Invesco Short Duration High Yield Municipal Fund (ISHYX). 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.
| NSIOX | ISHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.58 | 1.09 | -0.51 |
Sortino ratioReturn per unit of downside risk | 0.79 | 1.49 | -0.70 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.31 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.58 | 1.12 | -0.54 |
Martin ratioReturn relative to average drawdown | 1.64 | 3.57 | -1.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NSIOX | ISHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 1.09 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.54 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.86 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.90 | -0.16 |
Correlation
The correlation between NSIOX and ISHYX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
NSIOX vs. ISHYX - Dividend Comparison
NSIOX's dividend yield for the trailing twelve months is around 4.25%, which matches ISHYX's 4.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NSIOX Nuveen Strategic Municipal Opportunities Fund | 4.25% | 4.53% | 3.91% | 3.85% | 4.20% | 4.25% | 2.88% | 3.25% | 3.12% | 3.22% | 4.09% | 2.48% |
ISHYX Invesco Short Duration High Yield Municipal Fund | 4.29% | 4.65% | 4.40% | 3.38% | 3.99% | 3.58% | 3.58% | 3.45% | 3.59% | 3.51% | 3.60% | 0.00% |
Drawdowns
NSIOX vs. ISHYX - Drawdown Comparison
The maximum NSIOX drawdown since its inception was -18.38%, which is greater than ISHYX's maximum drawdown of -13.64%. Use the drawdown chart below to compare losses from any high point for NSIOX and ISHYX.
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Drawdown Indicators
| NSIOX | ISHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.38% | -13.64% | -4.74% |
Max Drawdown (1Y)Largest decline over 1 year | -5.20% | -3.79% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -18.38% | -12.03% | -6.35% |
Max Drawdown (10Y)Largest decline over 10 years | -18.38% | -13.64% | -4.74% |
Current DrawdownCurrent decline from peak | -2.71% | -1.79% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -2.68% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 1.19% | +0.64% |
Volatility
NSIOX vs. ISHYX - Volatility Comparison
Nuveen Strategic Municipal Opportunities Fund (NSIOX) has a higher volatility of 1.04% compared to Invesco Short Duration High Yield Municipal Fund (ISHYX) at 0.68%. This indicates that NSIOX's price experiences larger fluctuations and is considered to be riskier than ISHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NSIOX | ISHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 0.68% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 1.82% | 1.40% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.21% | 3.83% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 3.07% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 3.33% | +1.35% |