NVG vs. HYMB
Compare and contrast key facts about Nuveen AMT-Free Municipal Credit Income Fund (NVG) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB).
HYMB is a passively managed fund by State Street that tracks the performance of the Bloomberg Municipal Yield. It was launched on Apr 13, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVG or HYMB.
Key characteristics
| NVG | HYMB | |
|---|---|---|
| YTD Return | 14.35% | 5.79% |
| 1Y Return | 27.48% | 12.91% |
| 3Y Return (Ann) | -5.57% | -1.02% |
| 5Y Return (Ann) | 0.80% | 1.17% |
| 10Y Return (Ann) | 4.76% | 3.01% |
| Sharpe Ratio | 2.50 | 2.35 |
| Sortino Ratio | 3.53 | 3.31 |
| Omega Ratio | 1.47 | 1.47 |
| Calmar Ratio | 0.77 | 0.87 |
| Martin Ratio | 12.52 | 15.13 |
| Ulcer Index | 2.12% | 0.86% |
| Daily Std Dev | 10.62% | 5.51% |
| Max Drawdown | -41.72% | -29.57% |
| Current Drawdown | -16.61% | -3.98% |
Correlation
The correlation between NVG and HYMB is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NVG vs. HYMB - Performance Comparison
In the year-to-date period, NVG achieves a 14.35% return, which is significantly higher than HYMB's 5.79% return. Over the past 10 years, NVG has outperformed HYMB with an annualized return of 4.76%, while HYMB has yielded a comparatively lower 3.01% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
NVG vs. HYMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Municipal Credit Income Fund (NVG) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB). 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.
Dividends
NVG vs. HYMB - Dividend Comparison
NVG's dividend yield for the trailing twelve months is around 6.03%, more than HYMB's 4.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVG Nuveen AMT-Free Municipal Credit Income Fund | 5.64% | 4.50% | 6.20% | 4.72% | 5.27% | 4.97% | 6.11% | 5.71% | 6.18% | 5.46% | 5.84% | 6.13% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.20% | 4.06% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% | 4.49% | 5.17% |
Drawdowns
NVG vs. HYMB - Drawdown Comparison
The maximum NVG drawdown since its inception was -41.72%, which is greater than HYMB's maximum drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for NVG and HYMB. For additional features, visit the drawdowns tool.
Volatility
NVG vs. HYMB - Volatility Comparison
Nuveen AMT-Free Municipal Credit Income Fund (NVG) has a higher volatility of 4.88% compared to SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) at 2.30%. This indicates that NVG's price experiences larger fluctuations and is considered to be riskier than HYMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.