NXP vs. VOHIX
NXP (Nuveen Select Tax-Free Income Portfolio) is a stock, while VOHIX (Vanguard Ohio Long-Term Tax-Exempt Fund) is Municipal Bonds fund managed by Vanguard. Over the past 10 years, NXP returned 3.17%/yr vs 2.54%/yr for VOHIX. At a 0.20 correlation, their price movements are largely independent.
Performance
NXP vs. VOHIX - Performance Comparison
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Returns By Period
In the year-to-date period, NXP achieves a 3.43% return, which is significantly higher than VOHIX's 2.05% return. Over the past 10 years, NXP has outperformed VOHIX with an annualized return of 3.17%, while VOHIX has yielded a comparatively lower 2.54% annualized return.
NXP
- 1D
- -0.21%
- 1M
- 1.44%
- YTD
- 3.43%
- 6M
- 3.43%
- 1Y
- 6.75%
- 3Y*
- 3.68%
- 5Y*
- -0.72%
- 10Y*
- 3.17%
VOHIX
- 1D
- 0.17%
- 1M
- 2.04%
- YTD
- 2.05%
- 6M
- 2.45%
- 1Y
- 8.05%
- 3Y*
- 4.78%
- 5Y*
- 1.12%
- 10Y*
- 2.54%
NXP vs. VOHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NXP Nuveen Select Tax-Free Income Portfolio | 3.43% | -2.73% | 6.83% | 10.68% | -9.51% | -7.36% | 12.12% | 20.94% | 0.04% | 9.30% |
VOHIX Vanguard Ohio Long-Term Tax-Exempt Fund | 2.05% | 5.07% | 2.76% | 7.03% | -11.01% | 1.72% | 7.04% | 8.34% | 0.96% | 6.33% |
Correlation
The correlation between NXP and VOHIX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 1992 | 0.20 |
The correlation between NXP and VOHIX shifts across timeframes, from 0.20 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NXP vs. VOHIX — Risk / Return Rank
NXP
VOHIX
NXP vs. VOHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Select Tax-Free Income Portfolio (NXP) and Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX). 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 | VOHIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.83 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.65 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.56 | -0.55 |
| Martin ratioReturn relative to average drawdown | 5.02 | 8.97 | -3.95 |
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Drawdowns
NXP vs. VOHIX - Drawdown Comparison
The maximum NXP drawdown since its inception was -27.64%, which is greater than VOHIX's maximum drawdown of -16.81%. Use the drawdown chart below to compare losses from any high point for NXP and VOHIX.
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Drawdown Indicators
| NXP | VOHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.64% | -16.81% | -10.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.37% | -3.20% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -10.68% | -7.44% | -3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -27.64% | -16.81% | -10.83% |
Max Drawdown (10Y)Largest decline over 10 years | -27.64% | -16.81% | -10.83% |
Current DrawdownCurrent decline from peak | -6.62% | -0.09% | -6.53% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -1.88% | -4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 0.91% | +0.44% |
Volatility
NXP vs. VOHIX - Volatility Comparison
Nuveen Select Tax-Free Income Portfolio (NXP) has a higher volatility of 2.27% compared to Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) at 0.86%. This indicates that NXP's price experiences larger fluctuations and is considered to be riskier than VOHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NXP | VOHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 0.86% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 5.92% | 2.36% | +3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.54% | 3.09% | +4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.76% | 4.75% | +6.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.08% | 4.63% | +7.45% |
Dividends
NXP vs. VOHIX - Dividend Comparison
NXP's dividend yield for the trailing twelve months is around 4.48%, more than VOHIX's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VOHIX Vanguard Ohio Long-Term Tax-Exempt Fund | 3.60% | 4.43% | 3.92% | 3.05% | 2.73% | 2.78% | 3.39% | 3.93% | 3.51% | 3.70% | 3.75% | 3.84% |
Frequently Asked Questions
NXP and VOHIX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXP has higher volatility (2.27%) compared to VOHIX (0.86%). In terms of maximum drawdown, NXP dropped -27.64% vs VOHIX's -16.81%.
VOHIX currently has the higher Sharpe Ratio (2.65 vs 0.90), 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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