NVG vs. HIMU
NVG (Nuveen AMT-Free Municipal Credit Income Fund) is a stock, while HIMU (iShares High Yield Muni Active ETF) is High Yield Muni fund actively managed by iShares. Over the past year, NVG returned 13.03% vs 6.88% for HIMU. Their 0.41 correlation means their historical movements had little consistent relationship. NVG charges 1.50%/yr vs 0.42%/yr for HIMU.
Performance
NVG vs. HIMU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NVG achieves a 1.61% return, which is significantly lower than HIMU's 2.38% return.
NVG
- 1D
- -0.65%
- 1M
- -3.46%
- 6M
- -0.82%
- YTD
- 1.61%
- 1Y
- 13.03%
- 3Y*
- 9.72%
- 5Y*
- -1.12%
- 10Y*
- 3.13%
- ALL TIME*
- 5.21%
HIMU
- 1D
- 0.03%
- 1M
- -2.12%
- 6M
- 1.43%
- YTD
- 2.38%
- 1Y
- 6.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $15.89M | $15.59M | $18.37M | |
| $6.24M | $5.82M | $6.12M |
NVG vs. HIMU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVG Nuveen AMT-Free Municipal Credit Income Fund | 1.61% | 6.88% |
HIMU iShares High Yield Muni Active ETF | 2.38% | 1.48% |
Correlation
The correlation between NVG and HIMU is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2025 | 0.41 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NVG vs. HIMU — Risk / Return Rank
NVG
HIMU
NVG vs. HIMU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Municipal Credit Income Fund (NVG) and iShares High Yield Muni Active ETF (HIMU). 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.
| NVG | HIMU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.33 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.10 | -0.85 |
| Martin ratioReturn relative to average drawdown | 3.82 | 7.95 | -4.13 |
Loading charts...
Drawdowns
NVG vs. HIMU - Drawdown Comparison
The maximum NVG drawdown since its inception was -41.72%, which is greater than HIMU's maximum drawdown of -8.01%. Use the drawdown chart below to compare losses from any high point for NVG and HIMU.
Loading charts...
Drawdown Indicators
| NVG | HIMU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.72% | -8.01% | -33.71% |
Max Drawdown (1Y)Largest decline over 1 year | -10.44% | -3.29% | -7.15% |
Max Drawdown (3Y)Largest decline over 3 years | -14.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.58% | — | — |
Current DrawdownCurrent decline from peak | -8.39% | -2.16% | -6.23% |
Average DrawdownAverage peak-to-trough decline | -7.91% | -1.63% | -6.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 0.87% | +2.55% |
Volatility
NVG vs. HIMU - Volatility Comparison
Nuveen AMT-Free Municipal Credit Income Fund (NVG) has a higher volatility of 2.35% compared to iShares High Yield Muni Active ETF (HIMU) at 1.08%. This indicates that NVG's price experiences larger fluctuations and is considered to be riskier than HIMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NVG | HIMU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 1.08% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 8.87% | 3.35% | +5.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.54% | 4.18% | +6.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 7.11% | +5.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.88% | 7.11% | +5.77% |
NVG vs. HIMU - Expense Ratio Comparison
NVG has a 1.50% expense ratio, which is higher than HIMU's 0.42% expense ratio.
Dividends
NVG vs. HIMU - Dividend Comparison
NVG's dividend yield for the trailing twelve months is around 7.69%, more than HIMU's 5.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIMU iShares High Yield Muni Active ETF | 5.22% | 4.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVG Nuveen AMT-Free Municipal Credit Income Fund | 7.69% | 7.49% | 6.74% | 4.45% | 6.18% | 4.69% | 5.24% | 4.94% | 6.07% | 5.67% | 6.17% | 5.46% |
Frequently Asked Questions
NVG and HIMU have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVG has higher volatility (2.35%) compared to HIMU (1.08%). In terms of maximum drawdown, NVG dropped -41.72% vs HIMU's -8.01%.
HIMU currently has the higher Sharpe Ratio (1.66 vs 1.24), 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.
Find the right allocation for NVG and HIMU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer