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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVHIX or EFA.
Correlation
The correlation between NVHIX and EFA is 0.01, 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
NVHIX vs. EFA - Performance Comparison
Key characteristics
NVHIX:
0.64
EFA:
0.55
NVHIX:
0.90
EFA:
0.90
NVHIX:
1.16
EFA:
1.12
NVHIX:
0.63
EFA:
0.69
NVHIX:
1.68
EFA:
2.08
NVHIX:
1.62%
EFA:
4.67%
NVHIX:
4.27%
EFA:
17.47%
NVHIX:
-13.54%
EFA:
-61.04%
NVHIX:
-3.10%
EFA:
-4.46%
Returns By Period
In the year-to-date period, NVHIX achieves a -1.34% return, which is significantly lower than EFA's 7.26% return. Over the past 10 years, NVHIX has underperformed EFA with an annualized return of 3.18%, while EFA has yielded a comparatively higher 4.98% annualized return.
NVHIX
-1.34%
-1.97%
-0.61%
2.72%
3.50%
3.18%
EFA
7.26%
-3.66%
0.32%
9.88%
11.31%
4.98%
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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.
Risk-Adjusted Performance
NVHIX vs. EFA — Risk-Adjusted Performance Rank
NVHIX
EFA
NVHIX vs. EFA - Risk-Adjusted Performance 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.
Dividends
NVHIX vs. EFA - Dividend Comparison
NVHIX's dividend yield for the trailing twelve months is around 5.05%, more than EFA's 3.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | 5.05% | 4.76% | 4.42% | 3.53% | 3.44% | 3.91% | 3.75% | 3.90% | 3.80% | 3.68% | 3.61% | 0.95% |
EFA iShares MSCI EAFE ETF | 3.02% | 3.24% | 2.98% | 2.69% | 3.33% | 2.13% | 3.10% | 3.39% | 2.57% | 3.07% | 2.76% | 3.72% |
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. For additional features, visit the drawdowns tool.
Volatility
NVHIX vs. EFA - Volatility Comparison
The current volatility for Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) is 3.00%, while iShares MSCI EAFE ETF (EFA) has a volatility of 11.66%. 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.