NUAG vs. AHMFX
Compare and contrast key facts about Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG) and American High-Income Municipal Bond Fund Class F-2 (AHMFX).
NUAG is a passively managed fund by Nuveen that tracks the performance of the ICE BofA Enhanced Yield US Broad Bond. It was launched on Sep 14, 2016. AHMFX is an actively managed fund by Capital Group. It was launched on Aug 1, 2008.
Performance
NUAG vs. AHMFX - Performance Comparison
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NUAG vs. AHMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NUAG Nuveen Enhanced Yield U.S. Aggregate Bond ETF | -0.03% | 7.37% | 2.02% | 7.52% | -13.97% | -2.03% | 7.48% | 10.13% | -1.45% | 3.98% |
AHMFX American High-Income Municipal Bond Fund Class F-2 | -0.15% | 6.03% | 6.45% | 7.04% | -12.44% | 5.49% | 4.61% | 9.12% | 1.80% | 9.09% |
Returns By Period
In the year-to-date period, NUAG achieves a -0.03% return, which is significantly higher than AHMFX's -0.15% return.
NUAG
- 1D
- 0.03%
- 1M
- -1.41%
- YTD
- -0.03%
- 6M
- 0.67%
- 1Y
- 4.34%
- 3Y*
- 4.46%
- 5Y*
- 0.54%
- 10Y*
- —
AHMFX
- 1D
- 0.33%
- 1M
- -2.06%
- YTD
- -0.15%
- 6M
- 1.48%
- 1Y
- 4.18%
- 3Y*
- 5.55%
- 5Y*
- 1.86%
- 10Y*
- 3.42%
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NUAG vs. AHMFX - Expense Ratio Comparison
NUAG has a 0.19% expense ratio, which is lower than AHMFX's 0.42% expense ratio.
Return for Risk
NUAG vs. AHMFX — Risk / Return Rank
NUAG
AHMFX
NUAG vs. AHMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG) and American High-Income Municipal Bond Fund Class F-2 (AHMFX). 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.
| NUAG | AHMFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.71 | +0.31 |
Sortino ratioReturn per unit of downside risk | 1.45 | 0.97 | +0.48 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.90 | 0.99 | +0.91 |
Martin ratioReturn relative to average drawdown | 5.51 | 3.25 | +2.26 |
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
| NUAG | AHMFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.71 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.39 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 1.52 | -1.22 |
Correlation
The correlation between NUAG and AHMFX is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
NUAG vs. AHMFX - Dividend Comparison
NUAG's dividend yield for the trailing twelve months is around 4.54%, more than AHMFX's 4.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NUAG Nuveen Enhanced Yield U.S. Aggregate Bond ETF | 4.54% | 4.43% | 4.44% | 3.95% | 3.60% | 2.27% | 2.93% | 3.54% | 3.79% | 3.38% | 0.48% | 0.00% |
AHMFX American High-Income Municipal Bond Fund Class F-2 | 4.25% | 5.58% | 4.04% | 2.97% | 2.71% | 3.44% | 3.60% | 3.68% | 3.88% | 4.19% | 3.74% | 4.19% |
Drawdowns
NUAG vs. AHMFX - Drawdown Comparison
The maximum NUAG drawdown since its inception was -19.79%, which is greater than AHMFX's maximum drawdown of -17.65%. Use the drawdown chart below to compare losses from any high point for NUAG and AHMFX.
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Drawdown Indicators
| NUAG | AHMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.79% | -17.65% | -2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.54% | -5.60% | +3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -19.19% | -17.65% | -1.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.65% | — |
Current DrawdownCurrent decline from peak | -1.75% | -2.38% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -2.38% | -2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 1.70% | -0.82% |
Volatility
NUAG vs. AHMFX - Volatility Comparison
Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG) has a higher volatility of 1.66% compared to American High-Income Municipal Bond Fund Class F-2 (AHMFX) at 1.15%. This indicates that NUAG's price experiences larger fluctuations and is considered to be riskier than AHMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUAG | AHMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 1.15% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 1.88% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 6.45% | -2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.00% | 4.82% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 4.53% | +0.98% |