NUV vs. SPMFX
NUV (Nuveen Municipal Value Fund Inc.) and SPMFX (Symmetry Panoramic Municipal Fixed Income Fund) are both Municipal Bonds funds. Over the past 5 years, NUV returned -1.36%/yr vs 1.00%/yr for SPMFX. Their 0.30 correlation means their historical movements had little consistent relationship. NUV charges 0.52%/yr vs 0.41%/yr for SPMFX.
Performance
NUV vs. SPMFX - Performance Comparison
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Returns By Period
In the year-to-date period, NUV achieves a 2.63% return, which is significantly higher than SPMFX's 0.16% return.
NUV
- 1D
- -0.87%
- 1M
- -1.39%
- 6M
- 1.15%
- YTD
- 2.63%
- 1Y
- 9.85%
- 3Y*
- 6.07%
- 5Y*
- -1.36%
- 10Y*
- 2.19%
- ALL TIME*
- 3.57%
SPMFX
- 1D
- -0.30%
- 1M
- -1.59%
- 6M
- -0.61%
- YTD
- 0.16%
- 1Y
- 2.93%
- 3Y*
- 2.45%
- 5Y*
- 1.00%
- 10Y*
- —
- ALL TIME*
- 1.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.77M | $4.53M | $4.79M | |
| $0.00 | $0.00 | $0.00 |
NUV vs. SPMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NUV Nuveen Municipal Value Fund Inc. | 2.63% | 10.27% | 4.04% | 3.99% | -14.03% | -3.51% | 7.50% | 19.75% | 0.89% |
SPMFX Symmetry Panoramic Municipal Fixed Income Fund | 0.16% | 3.23% | 1.81% | 3.41% | -3.04% | -0.31% | 1.47% | 2.31% | 0.88% |
Correlation
The correlation between NUV and SPMFX is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2018 | 0.30 |
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Return for Risk
NUV vs. SPMFX — Risk / Return Rank
NUV
SPMFX
NUV vs. SPMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Municipal Value Fund Inc. (NUV) and Symmetry Panoramic Municipal Fixed Income Fund (SPMFX). 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.
| NUV | SPMFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 1.49 | +0.87 |
| Martin ratioReturn relative to average drawdown | 11.08 | 4.98 | +6.09 |
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Drawdowns
NUV vs. SPMFX - Drawdown Comparison
The maximum NUV drawdown since its inception was -35.42%, which is greater than SPMFX's maximum drawdown of -5.39%. Use the drawdown chart below to compare losses from any high point for NUV and SPMFX.
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Drawdown Indicators
| NUV | SPMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.42% | -5.39% | -30.03% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -2.26% | -1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -7.88% | -2.86% | -5.02% |
Max Drawdown (5Y)Largest decline over 5 years | -28.29% | -5.39% | -22.90% |
Max Drawdown (10Y)Largest decline over 10 years | -28.29% | — | — |
Current DrawdownCurrent decline from peak | -7.10% | -1.59% | -5.51% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -1.00% | -7.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.67% | +0.22% |
Volatility
NUV vs. SPMFX - Volatility Comparison
Nuveen Municipal Value Fund Inc. (NUV) has a higher volatility of 1.64% compared to Symmetry Panoramic Municipal Fixed Income Fund (SPMFX) at 0.80%. This indicates that NUV's price experiences larger fluctuations and is considered to be riskier than SPMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUV | SPMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 0.80% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 5.18% | 1.98% | +3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.72% | 2.33% | +4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.50% | 2.00% | +7.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.30% | 1.94% | +8.36% |
NUV vs. SPMFX - Expense Ratio Comparison
NUV has a 0.52% expense ratio, which is higher than SPMFX's 0.41% expense ratio.
Dividends
NUV vs. SPMFX - Dividend Comparison
NUV's dividend yield for the trailing twelve months is around 4.30%, more than SPMFX's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NUV Nuveen Municipal Value Fund Inc. | 4.30% | 4.30% | 4.16% | 3.94% | 3.91% | 3.41% | 3.35% | 3.48% | 4.01% | 3.99% | 4.10% | 3.95% |
SPMFX Symmetry Panoramic Municipal Fixed Income Fund | 2.51% | 2.05% | 2.50% | 1.52% | 0.59% | 0.27% | 0.68% | 1.00% | 0.08% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NUV and SPMFX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NUV has higher volatility (1.64%) compared to SPMFX (0.80%). In terms of maximum drawdown, NUV dropped -35.42% vs SPMFX's -5.39%.
NUV currently has the higher Sharpe Ratio (1.48 vs 1.45), 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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