NUVBX vs. MUJ
NUVBX (Nuveen Intermediate Duration Municipal Bond Fund) and MUJ (BlackRock MuniHoldings New Jersey Quality Fund) are both Municipal Bonds funds. Over the past 10 years, NUVBX returned 2.05%/yr vs 2.19%/yr for MUJ. Their 0.28 correlation means their historical movements had little consistent relationship. NUVBX charges 0.44%/yr vs 2.26%/yr for MUJ.
Performance
NUVBX vs. MUJ - Performance Comparison
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Returns By Period
In the year-to-date period, NUVBX achieves a -0.52% return, which is significantly lower than MUJ's 3.74% return. Over the past 10 years, NUVBX has underperformed MUJ with an annualized return of 2.05%, while MUJ has yielded a comparatively higher 2.19% annualized return.
NUVBX
- 1D
- -0.23%
- 1M
- -1.80%
- 6M
- -1.35%
- YTD
- -0.52%
- 1Y
- 3.36%
- 3Y*
- 3.08%
- 5Y*
- 0.71%
- 10Y*
- 2.05%
- ALL TIME*
- 3.52%
MUJ
- 1D
- -0.58%
- 1M
- -2.65%
- 6M
- 0.17%
- YTD
- 3.74%
- 1Y
- 15.93%
- 3Y*
- 7.87%
- 5Y*
- -0.17%
- 10Y*
- 2.19%
- ALL TIME*
- 4.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $967.57K | $866.46K | $1.13M | |
| $0.00 | $0.00 | $0.00 |
NUVBX vs. MUJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NUVBX Nuveen Intermediate Duration Municipal Bond Fund | -0.52% | 4.83% | 1.98% | 5.89% | -7.92% | 1.99% | 4.47% | 7.44% | 1.63% | 6.26% |
MUJ BlackRock MuniHoldings New Jersey Quality Fund | 3.74% | 13.86% | 2.28% | 7.55% | -26.31% | 15.20% | 5.95% | 18.95% | -8.49% | 9.99% |
Correlation
The correlation between NUVBX and MUJ is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 1998 | 0.28 |
The correlation between NUVBX and MUJ shifts across timeframes, from 0.28 (all time) to 0.46 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
NUVBX vs. MUJ — Risk / Return Rank
NUVBX
MUJ
NUVBX vs. MUJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Intermediate Duration Municipal Bond Fund (NUVBX) and BlackRock MuniHoldings New Jersey Quality Fund (MUJ). 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.
| NUVBX | MUJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.79 | -0.34 |
| Martin ratioReturn relative to average drawdown | 3.78 | 7.24 | -3.47 |
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Drawdowns
NUVBX vs. MUJ - Drawdown Comparison
The maximum NUVBX drawdown since its inception was -31.28%, smaller than the maximum MUJ drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for NUVBX and MUJ.
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Drawdown Indicators
| NUVBX | MUJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.28% | -41.72% | +10.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -9.41% | +6.54% |
Max Drawdown (3Y)Largest decline over 3 years | -4.56% | -11.04% | +6.48% |
Max Drawdown (5Y)Largest decline over 5 years | -12.01% | -32.71% | +20.70% |
Max Drawdown (10Y)Largest decline over 10 years | -12.03% | -32.71% | +20.68% |
Current DrawdownCurrent decline from peak | -2.50% | -4.29% | +1.79% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -9.00% | +5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 2.32% | -1.22% |
Volatility
NUVBX vs. MUJ - Volatility Comparison
The current volatility for Nuveen Intermediate Duration Municipal Bond Fund (NUVBX) is 0.92%, while BlackRock MuniHoldings New Jersey Quality Fund (MUJ) has a volatility of 1.65%. This indicates that NUVBX experiences smaller price fluctuations and is considered to be less risky than MUJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUVBX | MUJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 1.65% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 2.07% | 6.88% | -4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.53% | 8.83% | -6.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.47% | 10.33% | -6.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.60% | 11.12% | -7.52% |
NUVBX vs. MUJ - Expense Ratio Comparison
NUVBX has a 0.44% expense ratio, which is lower than MUJ's 2.26% expense ratio.
Dividends
NUVBX vs. MUJ - Dividend Comparison
NUVBX's dividend yield for the trailing twelve months is around 2.89%, less than MUJ's 5.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUJ BlackRock MuniHoldings New Jersey Quality Fund | 5.41% | 5.45% | 5.53% | 4.13% | 6.40% | 4.77% | 4.78% | 4.03% | 5.34% | 5.55% | 6.00% | 5.69% |
NUVBX Nuveen Intermediate Duration Municipal Bond Fund | 2.89% | 3.31% | 3.22% | 2.81% | 2.60% | 2.18% | 2.55% | 3.06% | 3.02% | 2.97% | 3.15% | 2.97% |
Frequently Asked Questions
NUVBX and MUJ have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUJ has higher volatility (1.65%) compared to NUVBX (0.92%). In terms of maximum drawdown, NUVBX dropped -31.28% vs MUJ's -41.72%.
MUJ currently has the higher Sharpe Ratio (1.92 vs 1.65), 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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