PHMIX vs. NHMRX
Compare and contrast key facts about PIMCO High Yield Municipal Bond Fund (PHMIX) and Nuveen High Yield Municipal Bond Fund (NHMRX).
PHMIX is managed by PIMCO. It was launched on Jul 30, 2006. NHMRX is managed by Nuveen. It was launched on Jun 6, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHMIX or NHMRX.
Performance
PHMIX vs. NHMRX - Performance Comparison
Returns By Period
In the year-to-date period, PHMIX achieves a 5.02% return, which is significantly lower than NHMRX's 5.56% return. Both investments have delivered pretty close results over the past 10 years, with PHMIX having a 4.11% annualized return and NHMRX not far ahead at 4.15%.
PHMIX
5.02%
0.02%
4.13%
10.31%
2.06%
4.11%
NHMRX
5.56%
1.12%
2.93%
11.64%
1.67%
4.15%
Key characteristics
| PHMIX | NHMRX | |
|---|---|---|
| Sharpe Ratio | 2.52 | 2.09 |
| Sortino Ratio | 3.91 | 3.19 |
| Omega Ratio | 1.60 | 1.46 |
| Calmar Ratio | 0.96 | 0.76 |
| Martin Ratio | 12.67 | 7.93 |
| Ulcer Index | 0.84% | 1.47% |
| Daily Std Dev | 4.20% | 5.57% |
| Max Drawdown | -35.54% | -45.44% |
| Current Drawdown | -1.76% | -5.48% |
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PHMIX vs. NHMRX - Expense Ratio Comparison
PHMIX has a 0.55% expense ratio, which is higher than NHMRX's 0.52% expense ratio.
Correlation
The correlation between PHMIX and NHMRX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
PHMIX vs. NHMRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO High Yield Municipal Bond Fund (PHMIX) 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.
Dividends
PHMIX vs. NHMRX - Dividend Comparison
PHMIX's dividend yield for the trailing twelve months is around 4.61%, less than NHMRX's 5.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHMIX PIMCO High Yield Municipal Bond Fund | 4.61% | 4.72% | 4.33% | 2.99% | 3.07% | 3.82% | 4.25% | 4.21% | 4.13% | 4.47% | 4.51% | 4.75% |
NHMRX Nuveen High Yield Municipal Bond Fund | 5.28% | 5.55% | 5.64% | 4.70% | 5.04% | 5.00% | 5.47% | 5.38% | 5.88% | 5.68% | 5.79% | 6.72% |
Drawdowns
PHMIX vs. NHMRX - Drawdown Comparison
The maximum PHMIX drawdown since its inception was -35.54%, smaller than the maximum NHMRX drawdown of -45.44%. Use the drawdown chart below to compare losses from any high point for PHMIX and NHMRX. For additional features, visit the drawdowns tool.
Volatility
PHMIX vs. NHMRX - Volatility Comparison
The current volatility for PIMCO High Yield Municipal Bond Fund (PHMIX) is 1.80%, while Nuveen High Yield Municipal Bond Fund (NHMRX) has a volatility of 2.27%. This indicates that PHMIX experiences smaller price fluctuations and is considered to be less risky than NHMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.