NVHIX vs. EFA
Compare and contrast key facts about Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) and iShares MSCI EAFE ETF (EFA).
NVHIX is managed by Nuveen. It was launched on Jan 31, 2013. EFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Index. It was launched on Aug 14, 2001.
Performance
NVHIX vs. EFA - Performance Comparison
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NVHIX vs. EFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | -0.04% | 2.43% | 6.88% | 3.54% | -6.73% | 8.44% | -0.10% | 8.27% | 3.47% | 8.17% |
EFA iShares MSCI EAFE ETF | 1.15% | 31.55% | 3.49% | 18.36% | -14.39% | 11.45% | 7.60% | 22.04% | -13.82% | 25.07% |
Returns By Period
In the year-to-date period, NVHIX achieves a -0.04% return, which is significantly lower than EFA's 1.15% return. Over the past 10 years, NVHIX has underperformed EFA with an annualized return of 3.17%, while EFA has yielded a comparatively higher 8.77% annualized return.
NVHIX
- 1D
- 0.00%
- 1M
- -1.79%
- YTD
- -0.04%
- 6M
- 0.91%
- 1Y
- 1.94%
- 3Y*
- 3.86%
- 5Y*
- 2.17%
- 10Y*
- 3.17%
EFA
- 1D
- 3.25%
- 1M
- -7.83%
- YTD
- 1.15%
- 6M
- 5.91%
- 1Y
- 23.09%
- 3Y*
- 14.36%
- 5Y*
- 8.10%
- 10Y*
- 8.77%
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NVHIX vs. EFA - Expense Ratio Comparison
NVHIX has a 0.55% expense ratio, which is higher than EFA's 0.32% expense ratio.
Return for Risk
NVHIX vs. EFA — Risk / Return Rank
NVHIX
EFA
NVHIX vs. EFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) and iShares MSCI EAFE ETF (EFA). 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.
| NVHIX | EFA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 1.31 | -0.65 |
Sortino ratioReturn per unit of downside risk | 0.92 | 1.87 | -0.95 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.27 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.68 | 1.93 | -1.24 |
Martin ratioReturn relative to average drawdown | 2.00 | 7.39 | -5.39 |
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
| NVHIX | EFA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.31 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.50 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.51 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.30 | +0.78 |
Correlation
The correlation between NVHIX and EFA is 0.03, 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.
Dividends
NVHIX vs. EFA - Dividend Comparison
NVHIX's dividend yield for the trailing twelve months is around 4.70%, more than EFA's 3.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | 4.70% | 5.15% | 4.36% | 4.41% | 3.84% | 3.43% | 3.90% | 4.03% | 3.90% | 3.78% | 3.62% | 3.55% |
EFA iShares MSCI EAFE ETF | 3.34% | 3.38% | 3.24% | 2.98% | 2.69% | 3.33% | 2.13% | 3.10% | 3.39% | 2.57% | 3.07% | 2.76% |
Drawdowns
NVHIX vs. EFA - Drawdown Comparison
The maximum NVHIX drawdown since its inception was -13.54%, smaller than the maximum EFA drawdown of -61.04%. Use the drawdown chart below to compare losses from any high point for NVHIX and EFA.
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Drawdown Indicators
| NVHIX | EFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.54% | -61.04% | +47.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | -11.42% | +7.79% |
Max Drawdown (5Y)Largest decline over 5 years | -10.54% | -29.53% | +18.99% |
Max Drawdown (10Y)Largest decline over 10 years | -13.54% | -34.19% | +20.65% |
Current DrawdownCurrent decline from peak | -1.79% | -8.07% | +6.28% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -12.00% | +9.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 2.98% | -1.73% |
Volatility
NVHIX vs. EFA - Volatility Comparison
The current volatility for Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) is 0.63%, while iShares MSCI EAFE ETF (EFA) has a volatility of 7.92%. This indicates that NVHIX experiences smaller price fluctuations and is considered to be less risky than EFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVHIX | EFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 7.92% | -7.29% |
Volatility (6M)Calculated over the trailing 6-month period | 1.43% | 11.12% | -9.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 17.71% | -13.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.32% | 16.31% | -12.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.47% | 17.20% | -13.73% |