Correlation
The correlation between NVHIX and VPMAX 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.
NVHIX vs. VPMAX
Compare and contrast key facts about Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) and Vanguard PRIMECAP Fund Admiral Shares (VPMAX).
NVHIX is managed by Nuveen. It was launched on Jan 31, 2013. VPMAX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVHIX or VPMAX.
Performance
NVHIX vs. VPMAX - Performance Comparison
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Key characteristics
NVHIX:
0.58
VPMAX:
0.21
NVHIX:
0.74
VPMAX:
0.38
NVHIX:
1.13
VPMAX:
1.05
NVHIX:
0.52
VPMAX:
0.17
NVHIX:
1.22
VPMAX:
0.59
NVHIX:
1.85%
VPMAX:
5.92%
NVHIX:
4.28%
VPMAX:
21.28%
NVHIX:
-13.54%
VPMAX:
-55.03%
NVHIX:
-2.05%
VPMAX:
-5.96%
Returns By Period
In the year-to-date period, NVHIX achieves a -0.26% return, which is significantly lower than VPMAX's 1.35% return. Over the past 10 years, NVHIX has underperformed VPMAX with an annualized return of 3.29%, while VPMAX has yielded a comparatively higher 9.47% annualized return.
NVHIX
-0.26%
0.22%
-0.76%
1.85%
2.77%
3.48%
3.29%
VPMAX
1.35%
5.64%
-2.05%
3.87%
11.52%
14.54%
9.47%
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NVHIX vs. VPMAX - Expense Ratio Comparison
NVHIX has a 0.55% expense ratio, which is higher than VPMAX's 0.31% expense ratio.
Risk-Adjusted Performance
NVHIX vs. VPMAX — Risk-Adjusted Performance Rank
NVHIX
VPMAX
NVHIX vs. VPMAX - 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 PRIMECAP Fund Admiral Shares (VPMAX). 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. VPMAX - Dividend Comparison
NVHIX's dividend yield for the trailing twelve months is around 5.08%, less than VPMAX's 6.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | 5.08% | 4.71% | 4.39% | 3.50% | 3.41% | 3.85% | 3.70% | 3.85% | 3.81% | 3.68% | 3.61% | 0.95% |
VPMAX Vanguard PRIMECAP Fund Admiral Shares | 6.62% | 6.71% | 7.24% | 9.94% | 10.18% | 9.82% | 7.23% | 8.43% | 5.61% | 5.13% | 5.99% | 6.87% |
Drawdowns
NVHIX vs. VPMAX - Drawdown Comparison
The maximum NVHIX drawdown since its inception was -13.54%, smaller than the maximum VPMAX drawdown of -55.03%. Use the drawdown chart below to compare losses from any high point for NVHIX and VPMAX.
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Volatility
NVHIX vs. VPMAX - Volatility Comparison
The current volatility for Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) is 0.63%, while Vanguard PRIMECAP Fund Admiral Shares (VPMAX) has a volatility of 5.98%. This indicates that NVHIX experiences smaller price fluctuations and is considered to be less risky than VPMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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