Correlation
The correlation between NVHIX and VMLUX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
NVHIX vs. VMLUX
Compare and contrast key facts about Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) and Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX).
NVHIX is managed by Nuveen. It was launched on Jan 31, 2013. VMLUX is managed by Vanguard. It was launched on Feb 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVHIX or VMLUX.
Performance
NVHIX vs. VMLUX - Performance Comparison
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Key characteristics
NVHIX:
0.50
VMLUX:
1.76
NVHIX:
0.63
VMLUX:
2.38
NVHIX:
1.11
VMLUX:
1.44
NVHIX:
0.44
VMLUX:
2.02
NVHIX:
1.04
VMLUX:
7.81
NVHIX:
1.85%
VMLUX:
0.52%
NVHIX:
4.27%
VMLUX:
2.39%
NVHIX:
-13.54%
VMLUX:
-6.41%
NVHIX:
-2.38%
VMLUX:
-0.38%
Returns By Period
In the year-to-date period, NVHIX achieves a -0.59% return, which is significantly lower than VMLUX's 1.02% return. Over the past 10 years, NVHIX has outperformed VMLUX with an annualized return of 3.26%, while VMLUX has yielded a comparatively lower 1.80% annualized return.
NVHIX
-0.59%
0.76%
-0.56%
2.13%
2.66%
3.41%
3.26%
VMLUX
1.02%
0.28%
0.62%
4.17%
2.75%
1.54%
1.80%
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NVHIX vs. VMLUX - Expense Ratio Comparison
NVHIX has a 0.55% expense ratio, which is higher than VMLUX's 0.09% expense ratio.
Risk-Adjusted Performance
NVHIX vs. VMLUX — Risk-Adjusted Performance Rank
NVHIX
VMLUX
NVHIX vs. VMLUX - 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 Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX). 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.
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Dividends
NVHIX vs. VMLUX - Dividend Comparison
NVHIX's dividend yield for the trailing twelve months is around 5.49%, more than VMLUX's 2.97% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | 5.49% | 4.71% | 4.39% | 3.50% | 3.41% | 3.85% | 3.70% | 3.85% | 3.81% | 3.68% | 3.61% | 0.95% |
VMLUX Vanguard Limited-Term Tax-Exempt Fund Admiral Shares | 2.97% | 2.88% | 2.39% | 1.64% | 1.29% | 1.70% | 1.96% | 1.90% | 1.66% | 1.64% | 1.59% | 1.68% |
Drawdowns
NVHIX vs. VMLUX - Drawdown Comparison
The maximum NVHIX drawdown since its inception was -13.54%, which is greater than VMLUX's maximum drawdown of -6.41%. Use the drawdown chart below to compare losses from any high point for NVHIX and VMLUX.
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Volatility
NVHIX vs. VMLUX - Volatility Comparison
Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) has a higher volatility of 0.53% compared to Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) at 0.34%. This indicates that NVHIX's price experiences larger fluctuations and is considered to be riskier than VMLUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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