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.
Performance
NVHIX vs. VMLUX - Performance Comparison
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NVHIX vs. VMLUX - 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% |
VMLUX Vanguard Limited-Term Tax-Exempt Fund Admiral Shares | -0.12% | 5.50% | 3.25% | 4.29% | -2.90% | 0.23% | 3.38% | 4.21% | 1.64% | 2.13% |
Returns By Period
In the year-to-date period, NVHIX achieves a -0.04% return, which is significantly higher than VMLUX's -0.12% return. Over the past 10 years, NVHIX has outperformed VMLUX with an annualized return of 3.17%, while VMLUX has yielded a comparatively lower 2.06% 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%
VMLUX
- 1D
- 0.00%
- 1M
- -1.53%
- YTD
- -0.12%
- 6M
- 0.59%
- 1Y
- 3.86%
- 3Y*
- 3.78%
- 5Y*
- 2.05%
- 10Y*
- 2.06%
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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.
Return for Risk
NVHIX vs. VMLUX — Risk / Return Rank
NVHIX
VMLUX
NVHIX vs. VMLUX - 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 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.
| NVHIX | VMLUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 1.97 | -1.30 |
Sortino ratioReturn per unit of downside risk | 0.92 | 2.95 | -2.02 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.66 | -0.46 |
Calmar ratioReturn relative to maximum drawdown | 0.68 | 2.32 | -1.63 |
Martin ratioReturn relative to average drawdown | 2.00 | 10.14 | -8.14 |
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 | VMLUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.97 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 1.11 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 1.07 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 1.46 | -0.38 |
Correlation
The correlation between NVHIX and VMLUX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
NVHIX vs. VMLUX - Dividend Comparison
NVHIX's dividend yield for the trailing twelve months is around 4.70%, more than VMLUX's 3.14% 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% |
VMLUX Vanguard Limited-Term Tax-Exempt Fund Admiral Shares | 3.14% | 3.85% | 3.38% | 2.39% | 1.64% | 1.04% | 1.70% | 2.10% | 1.89% | 1.65% | 1.62% | 1.58% |
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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Drawdown Indicators
| NVHIX | VMLUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.54% | -6.41% | -7.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | -2.02% | -1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -10.54% | -5.60% | -4.94% |
Max Drawdown (10Y)Largest decline over 10 years | -13.54% | -6.41% | -7.13% |
Current DrawdownCurrent decline from peak | -1.79% | -1.53% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -0.54% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 0.46% | +0.79% |
Volatility
NVHIX vs. VMLUX - Volatility Comparison
Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) has a higher volatility of 0.63% compared to Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) at 0.50%. 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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Volatility by Period
| NVHIX | VMLUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 0.50% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.43% | 1.03% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 2.34% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.32% | 1.85% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.47% | 1.92% | +1.55% |