NWQIX vs. NHMRX
Compare and contrast key facts about Nuveen Flexible Income Fund (NWQIX) and Nuveen High Yield Municipal Bond Fund (NHMRX).
NWQIX is managed by Nuveen. It was launched on Dec 8, 2009. NHMRX is managed by Nuveen. It was launched on Jun 6, 1999.
Performance
NWQIX vs. NHMRX - Performance Comparison
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NWQIX vs. NHMRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWQIX Nuveen Flexible Income Fund | 0.82% | 12.22% | 6.03% | 11.61% | -13.64% | 4.94% | 5.54% | 18.57% | -4.07% | 9.18% |
NHMRX Nuveen High Yield Municipal Bond Fund | 0.08% | 3.24% | 5.62% | 7.31% | -14.96% | 10.37% | 3.25% | 12.59% | 2.06% | 12.10% |
Returns By Period
In the year-to-date period, NWQIX achieves a 0.82% return, which is significantly higher than NHMRX's 0.08% return. Over the past 10 years, NWQIX has outperformed NHMRX with an annualized return of 5.50%, while NHMRX has yielded a comparatively lower 3.73% annualized return.
NWQIX
- 1D
- 1.16%
- 1M
- -1.57%
- YTD
- 0.82%
- 6M
- 3.03%
- 1Y
- 11.93%
- 3Y*
- 9.46%
- 5Y*
- 3.97%
- 10Y*
- 5.50%
NHMRX
- 1D
- 0.84%
- 1M
- -2.02%
- YTD
- 0.08%
- 6M
- 1.84%
- 1Y
- 2.82%
- 3Y*
- 4.31%
- 5Y*
- 1.37%
- 10Y*
- 3.73%
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NWQIX vs. NHMRX - Expense Ratio Comparison
NWQIX has a 0.70% expense ratio, which is higher than NHMRX's 0.52% expense ratio.
Return for Risk
NWQIX vs. NHMRX — Risk / Return Rank
NWQIX
NHMRX
NWQIX vs. NHMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Flexible Income Fund (NWQIX) 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.
| NWQIX | NHMRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.69 | 0.43 | +2.26 |
Sortino ratioReturn per unit of downside risk | 3.72 | 0.61 | +3.10 |
Omega ratioGain probability vs. loss probability | 1.59 | 1.12 | +0.47 |
Calmar ratioReturn relative to maximum drawdown | 3.30 | 0.60 | +2.70 |
Martin ratioReturn relative to average drawdown | 13.39 | 1.44 | +11.95 |
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
| NWQIX | NHMRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 0.43 | +2.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.20 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.56 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.88 | -0.15 |
Correlation
The correlation between NWQIX and NHMRX is 0.26, 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.
Dividends
NWQIX vs. NHMRX - Dividend Comparison
NWQIX's dividend yield for the trailing twelve months is around 6.14%, which matches NHMRX's 6.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWQIX Nuveen Flexible Income Fund | 6.14% | 6.52% | 5.20% | 7.84% | 7.02% | 4.39% | 4.82% | 5.71% | 6.23% | 5.67% | 5.52% | 5.70% |
NHMRX Nuveen High Yield Municipal Bond Fund | 6.20% | 6.54% | 5.79% | 7.34% | 5.64% | 5.09% | 5.03% | 5.39% | 5.47% | 5.38% | 5.88% | 5.60% |
Drawdowns
NWQIX vs. NHMRX - Drawdown Comparison
The maximum NWQIX drawdown since its inception was -23.89%, smaller than the maximum NHMRX drawdown of -45.45%. Use the drawdown chart below to compare losses from any high point for NWQIX and NHMRX.
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Drawdown Indicators
| NWQIX | NHMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.89% | -45.45% | +21.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.75% | -7.92% | +4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -17.75% | -21.52% | +3.77% |
Max Drawdown (10Y)Largest decline over 10 years | -23.89% | -22.22% | -1.67% |
Current DrawdownCurrent decline from peak | -1.82% | -2.42% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -5.35% | +2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 3.28% | -2.36% |
Volatility
NWQIX vs. NHMRX - Volatility Comparison
Nuveen Flexible Income Fund (NWQIX) has a higher volatility of 1.97% compared to Nuveen High Yield Municipal Bond Fund (NHMRX) at 1.87%. This indicates that NWQIX's price experiences larger fluctuations and is considered to be riskier than NHMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWQIX | NHMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 1.87% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 2.75% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.54% | 8.04% | -3.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 6.81% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.32% | 6.71% | -0.39% |