NXP vs. NDMO

Last updated Jun 3, 2026

NXP (Nuveen Select Tax-Free Income Portfolio) and NDMO (Nuveen Dynamic Municipal Opportunities Fund) are both stocks. Both are in the Financial Services sector — NXP in Asset Management, NDMO in Capital Markets. Over the past 5 years, NXP returned -0.83%/yr vs -2.71%/yr for NDMO. At a 0.27 correlation, their price movements are largely independent.

Performance

NXP vs. NDMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Select Tax-Free Income Portfolio (NXP) and Nuveen Dynamic Municipal Opportunities Fund (NDMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NXP achieves a 3.48% return, which is significantly lower than NDMO's 5.71% return.

NXP

• 1D: 0.14%
• 1M: 1.37%
• YTD: 3.48%
• 6M: 1.98%
• 1Y: 6.86%
• 3Y*: 4.05%
• 5Y*: -0.83%
• 10Y*: 3.18%

NDMO

• 1D: -0.58%
• 1M: 0.31%
• YTD: 5.71%
• 6M: 0.85%
• 1Y: 10.49%
• 3Y*: 6.41%
• 5Y*: -2.71%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NXP vs. NDMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
NXP Nuveen Select Tax-Free Income Portfolio	3.48%	-2.73%	6.83%	10.68%	-9.51%	-7.36%	8.58%
NDMO Nuveen Dynamic Municipal Opportunities Fund	5.71%	8.21%	8.31%	7.25%	-35.45%	12.12%	5.29%

Correlation

The correlation between NXP and NDMO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (All Time) Calculated using the full available price history since Aug 28, 2020	0.27

The correlation between NXP and NDMO shifts across timeframes, from 0.27 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

NXP vs. NDMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NXP

NXP Risk / Return Rank: 68
NXP Sharpe Ratio Rank: 69
NXP Sortino Ratio Rank: 60
NXP Omega Ratio Rank: 61
NXP Calmar Ratio Rank: 73
NXP Martin Ratio Rank: 74

NDMO

NDMO Risk / Return Rank: 68
NDMO Sharpe Ratio Rank: 71
NDMO Sortino Ratio Rank: 65
NDMO Omega Ratio Rank: 63
NDMO Calmar Ratio Rank: 71
NDMO Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NXP vs. NDMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Select Tax-Free Income Portfolio (NXP) and Nuveen Dynamic Municipal Opportunities Fund (NDMO). 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.

	NXP	NDMO	Difference
Sharpe ratio Return per unit of total volatility	0.94	0.99	-0.05
Sortino ratio Return per unit of downside risk	1.32	1.52	-0.21
Omega ratio Gain probability vs. loss probability	1.18	1.19	-0.01
Calmar ratio Return relative to maximum drawdown	1.91	1.70	+0.20
Martin ratio Return relative to average drawdown	4.81	4.13	+0.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NXP vs. NDMO - Sharpe Ratio Comparison

The current NXP Sharpe Ratio is 0.94, which is comparable to the NDMO Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of NXP and NDMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NXP	NDMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	0.99	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	-0.17	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.01	+0.26

Drawdowns

NXP vs. NDMO - Drawdown Comparison

The maximum NXP drawdown since its inception was -27.64%, smaller than the maximum NDMO drawdown of -42.54%. Use the drawdown chart below to compare losses from any high point for NXP and NDMO.

Drawdown Indicators

	NXP	NDMO	Difference
Max Drawdown Largest peak-to-trough decline	-27.64%	-42.54%	+14.90%
Max Drawdown (1Y) Largest decline over 1 year	-3.37%	-5.96%	+2.59%
Max Drawdown (3Y) Largest decline over 3 years	-10.68%	-16.02%	+5.34%
Max Drawdown (5Y) Largest decline over 5 years	-27.64%	-42.54%	+14.90%
Max Drawdown (10Y) Largest decline over 10 years	-27.64%	—	—
Current Drawdown Current decline from peak	-6.58%	-17.89%	+11.31%
Average Drawdown Average peak-to-trough decline	-6.79%	-21.45%	+14.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.34%	2.46%	-1.12%

Volatility

NXP vs. NDMO - Volatility Comparison

The current volatility for Nuveen Select Tax-Free Income Portfolio (NXP) is 2.74%, while Nuveen Dynamic Municipal Opportunities Fund (NDMO) has a volatility of 2.89%. This indicates that NXP experiences smaller price fluctuations and is considered to be less risky than NDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXP	NDMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.74%	2.89%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	5.84%	8.29%	-2.45%
Volatility (1Y) Calculated over the trailing 1-year period	7.35%	10.66%	-3.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.74%	16.12%	-5.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.07%	15.60%	-3.53%

Dividends

NXP vs. NDMO - Dividend Comparison

NXP's dividend yield for the trailing twelve months is around 4.45%, less than NDMO's 7.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NDMO Nuveen Dynamic Municipal Opportunities Fund	7.20%	7.38%	7.43%	7.80%	9.24%	5.52%	1.46%	0.00%	0.00%	0.00%	0.00%	0.00%
NXP Nuveen Select Tax-Free Income Portfolio	4.45%	4.47%	4.00%	3.94%	3.93%	3.42%	3.07%	3.33%	3.88%	3.79%	3.96%	3.99%

Financials

Frequently Asked Questions

Can I hold both NXP and NDMO in my portfolio?

NXP and NDMO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NXP or NDMO?

NDMO has higher volatility (2.89%) compared to NXP (2.74%). In terms of maximum drawdown, NXP dropped -27.64% vs NDMO's -42.54%.

Which has better risk-adjusted returns?

NDMO currently has the higher Sharpe Ratio (0.99 vs 0.94), 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.