NVHIX vs. NHMRX
Compare and contrast key facts about Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) and Nuveen High Yield Municipal Bond Fund (NHMRX).
NVHIX is managed by Nuveen. It was launched on Jan 31, 2013. NHMRX is managed by Nuveen. It was launched on Jun 6, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVHIX or NHMRX.
Correlation
The correlation between NVHIX and NHMRX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NVHIX vs. NHMRX - Performance Comparison
Key characteristics
NVHIX:
0.64
NHMRX:
0.08
NVHIX:
0.90
NHMRX:
0.16
NVHIX:
1.16
NHMRX:
1.03
NVHIX:
0.63
NHMRX:
0.05
NVHIX:
1.68
NHMRX:
0.28
NVHIX:
1.62%
NHMRX:
2.37%
NVHIX:
4.27%
NHMRX:
8.42%
NVHIX:
-13.54%
NHMRX:
-45.44%
NVHIX:
-3.10%
NHMRX:
-9.21%
Returns By Period
In the year-to-date period, NVHIX achieves a -1.34% return, which is significantly higher than NHMRX's -3.58% return. Over the past 10 years, NVHIX has underperformed NHMRX with an annualized return of 3.18%, while NHMRX has yielded a comparatively higher 3.38% annualized return.
NVHIX
-1.34%
-1.97%
-0.61%
2.72%
3.50%
3.18%
NHMRX
-3.58%
-3.78%
-3.65%
0.66%
2.62%
3.38%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NVHIX vs. NHMRX - Expense Ratio Comparison
NVHIX has a 0.55% expense ratio, which is higher than NHMRX's 0.52% expense ratio.
Risk-Adjusted Performance
NVHIX vs. NHMRX — Risk-Adjusted Performance Rank
NVHIX
NHMRX
NVHIX vs. NHMRX - 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 Nuveen High Yield Municipal Bond Fund (NHMRX). 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. NHMRX - Dividend Comparison
NVHIX's dividend yield for the trailing twelve months is around 5.05%, less than NHMRX's 5.63% 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% |
NHMRX Nuveen High Yield Municipal Bond Fund | 5.63% | 5.35% | 5.55% | 5.64% | 4.70% | 5.04% | 5.00% | 5.47% | 5.38% | 5.88% | 5.68% | 5.79% |
Drawdowns
NVHIX vs. NHMRX - Drawdown Comparison
The maximum NVHIX drawdown since its inception was -13.54%, smaller than the maximum NHMRX drawdown of -45.44%. Use the drawdown chart below to compare losses from any high point for NVHIX and NHMRX. For additional features, visit the drawdowns tool.
Volatility
NVHIX vs. NHMRX - Volatility Comparison
The current volatility for Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) is 3.00%, while Nuveen High Yield Municipal Bond Fund (NHMRX) has a volatility of 6.73%. This indicates that NVHIX experiences smaller price fluctuations and is considered to be less risky than NHMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.