NXP vs. HIMU
NXP (Nuveen Select Tax-Free Income Portfolio) is a stock, while HIMU (iShares High Yield Muni Active ETF) is High Yield Muni fund actively managed by iShares. Over the past year, NXP returned 6.98% vs 7.58% for HIMU. At a 0.29 correlation, their price movements are largely independent.
Performance
NXP vs. HIMU - Performance Comparison
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Returns By Period
In the year-to-date period, NXP achieves a 3.36% return, which is significantly lower than HIMU's 3.98% return.
NXP
- 1D
- 0.00%
- 1M
- 1.37%
- YTD
- 3.36%
- 6M
- 3.14%
- 1Y
- 6.98%
- 3Y*
- 3.66%
- 5Y*
- -1.13%
- 10Y*
- 3.16%
HIMU
- 1D
- 0.30%
- 1M
- 2.78%
- YTD
- 3.98%
- 6M
- 3.87%
- 1Y
- 7.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NXP vs. HIMU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NXP Nuveen Select Tax-Free Income Portfolio | 3.36% | -2.10% |
HIMU iShares High Yield Muni Active ETF | 3.98% | 1.48% |
Correlation
The correlation between NXP and HIMU is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2025 | 0.29 |
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Return for Risk
NXP vs. HIMU — Risk / Return Rank
NXP
HIMU
NXP vs. HIMU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Select Tax-Free Income Portfolio (NXP) and iShares High Yield Muni Active ETF (HIMU). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NXP | HIMU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.33 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.31 | -0.24 |
| Martin ratioReturn relative to average drawdown | 5.19 | 7.28 | -2.10 |
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Drawdowns
NXP vs. HIMU - Drawdown Comparison
The maximum NXP drawdown since its inception was -27.64%, which is greater than HIMU's maximum drawdown of -8.01%. Use the drawdown chart below to compare losses from any high point for NXP and HIMU.
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Drawdown Indicators
| NXP | HIMU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.64% | -8.01% | -19.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.37% | -3.29% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -10.68% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -27.64% | — | — |
Current DrawdownCurrent decline from peak | -6.69% | 0.00% | -6.69% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -1.68% | -5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.04% | +0.31% |
Volatility
NXP vs. HIMU - Volatility Comparison
Nuveen Select Tax-Free Income Portfolio (NXP) has a higher volatility of 2.23% compared to iShares High Yield Muni Active ETF (HIMU) at 1.00%. This indicates that NXP's price experiences larger fluctuations and is considered to be riskier than HIMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NXP | HIMU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | 1.00% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 5.90% | 3.24% | +2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.51% | 4.43% | +3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.71% | 7.31% | +3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.08% | 7.31% | +4.77% |
Dividends
NXP vs. HIMU - Dividend Comparison
NXP's dividend yield for the trailing twelve months is around 4.48%, less than HIMU's 5.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIMU iShares High Yield Muni Active ETF | 5.09% | 4.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NXP Nuveen Select Tax-Free Income Portfolio | 4.48% | 4.47% | 4.00% | 3.94% | 3.93% | 3.42% | 3.07% | 3.33% | 3.88% | 3.79% | 3.96% | 3.99% |
Frequently Asked Questions
NXP and HIMU have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXP has higher volatility (2.23%) compared to HIMU (1.00%). In terms of maximum drawdown, NXP dropped -27.64% vs HIMU's -8.01%.
HIMU currently has the higher Sharpe Ratio (1.72 vs 0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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