NZF vs. NVHIX
Compare and contrast key facts about Nuveen Municipal Credit Income Fund (NZF) and Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX).
NZF is a passively managed fund by Nuveen that tracks the performance of the S&P National Municipal Bond Index. It was launched on Mar 21, 2001. NVHIX is managed by Nuveen. It was launched on Jan 31, 2013.
Performance
NZF vs. NVHIX - Performance Comparison
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NZF vs. NVHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NZF Nuveen Municipal Credit Income Fund | -1.35% | 11.78% | 10.09% | 2.49% | -25.53% | 11.19% | 3.58% | 28.33% | -6.79% | 14.48% |
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | -0.04% | 2.43% | 6.88% | 3.54% | -6.73% | 8.44% | -0.10% | 8.27% | 3.47% | 8.17% |
Returns By Period
In the year-to-date period, NZF achieves a -1.35% return, which is significantly lower than NVHIX's -0.04% return. Over the past 10 years, NZF has outperformed NVHIX with an annualized return of 3.66%, while NVHIX has yielded a comparatively lower 3.17% annualized return.
NZF
- 1D
- 2.61%
- 1M
- -5.35%
- YTD
- -1.35%
- 6M
- 0.69%
- 1Y
- 7.63%
- 3Y*
- 7.56%
- 5Y*
- 0.18%
- 10Y*
- 3.66%
NVHIX
- 1D
- 0.00%
- 1M
- -1.79%
- YTD
- -0.04%
- 6M
- 0.91%
- 1Y
- 1.94%
- 3Y*
- 3.86%
- 5Y*
- 2.17%
- 10Y*
- 3.17%
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NZF vs. NVHIX - Expense Ratio Comparison
NZF has a 1.89% expense ratio, which is higher than NVHIX's 0.55% expense ratio.
Return for Risk
NZF vs. NVHIX — Risk / Return Rank
NZF
NVHIX
NZF vs. NVHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Municipal Credit Income Fund (NZF) and Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX). 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.
| NZF | NVHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 0.67 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.01 | 0.92 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.19 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.09 | 0.68 | +0.40 |
Martin ratioReturn relative to average drawdown | 3.61 | 2.00 | +1.61 |
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
| NZF | NVHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.67 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.66 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.92 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 1.08 | -0.72 |
Correlation
The correlation between NZF and NVHIX is 0.27, 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
NZF vs. NVHIX - Dividend Comparison
NZF's dividend yield for the trailing twelve months is around 7.83%, more than NVHIX's 4.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NZF Nuveen Municipal Credit Income Fund | 7.83% | 7.58% | 6.84% | 4.51% | 5.80% | 4.63% | 4.74% | 4.82% | 6.05% | 5.86% | 6.26% | 5.50% |
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | 4.70% | 5.15% | 4.36% | 4.41% | 3.84% | 3.43% | 3.90% | 4.03% | 3.90% | 3.78% | 3.62% | 3.55% |
Drawdowns
NZF vs. NVHIX - Drawdown Comparison
The maximum NZF drawdown since its inception was -48.55%, which is greater than NVHIX's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for NZF and NVHIX.
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Drawdown Indicators
| NZF | NVHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.55% | -13.54% | -35.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -3.63% | -4.55% |
Max Drawdown (5Y)Largest decline over 5 years | -37.42% | -10.54% | -26.88% |
Max Drawdown (10Y)Largest decline over 10 years | -37.42% | -13.54% | -23.88% |
Current DrawdownCurrent decline from peak | -8.18% | -1.79% | -6.39% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -2.06% | -5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 1.25% | +1.21% |
Volatility
NZF vs. NVHIX - Volatility Comparison
Nuveen Municipal Credit Income Fund (NZF) has a higher volatility of 4.70% compared to Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) at 0.63%. This indicates that NZF's price experiences larger fluctuations and is considered to be riskier than NVHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NZF | NVHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 0.63% | +4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 1.43% | +6.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 3.77% | +7.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.22% | 3.32% | +8.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.02% | 3.47% | +9.55% |