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PHMIX vs. NHMRX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.8

Performance

PHMIX vs. NHMRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO High Yield Municipal Bond Fund (PHMIX) and Nuveen High Yield Municipal Bond Fund (NHMRX). The values are adjusted to include any dividend payments, if applicable.

-2.00%-1.00%0.00%1.00%2.00%3.00%4.00%JulyAugustSeptemberOctoberNovemberDecember
0.46%
-1.71%
PHMIX
NHMRX

Key characteristics

Sharpe Ratio

PHMIX:

1.03

NHMRX:

0.77

Sortino Ratio

PHMIX:

1.48

NHMRX:

1.10

Omega Ratio

PHMIX:

1.22

NHMRX:

1.16

Calmar Ratio

PHMIX:

0.54

NHMRX:

0.34

Martin Ratio

PHMIX:

4.66

NHMRX:

2.69

Ulcer Index

PHMIX:

0.91%

NHMRX:

1.54%

Daily Std Dev

PHMIX:

4.08%

NHMRX:

5.41%

Max Drawdown

PHMIX:

-35.54%

NHMRX:

-45.44%

Current Drawdown

PHMIX:

-3.36%

NHMRX:

-7.15%

Returns By Period

In the year-to-date period, PHMIX achieves a 3.30% return, which is significantly lower than NHMRX's 3.69% return. Both investments have delivered pretty close results over the past 10 years, with PHMIX having a 3.87% annualized return and NHMRX not far behind at 3.83%.


PHMIX

YTD

3.30%

1M

-1.75%

6M

0.45%

1Y

3.97%

5Y*

1.64%

10Y*

3.87%

NHMRX

YTD

3.69%

1M

-1.84%

6M

-1.71%

1Y

4.15%

5Y*

1.15%

10Y*

3.83%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


PHMIX vs. NHMRX - Expense Ratio Comparison

PHMIX has a 0.55% expense ratio, which is higher than NHMRX's 0.52% expense ratio.


PHMIX
PIMCO High Yield Municipal Bond Fund
Expense ratio chart for PHMIX: current value at 0.55% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.55%
Expense ratio chart for NHMRX: current value at 0.52% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.52%

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.


Sharpe ratio
The chart of Sharpe ratio for PHMIX, currently valued at 0.98, compared to the broader market-1.000.001.002.003.004.000.980.77
The chart of Sortino ratio for PHMIX, currently valued at 1.40, compared to the broader market-2.000.002.004.006.008.0010.001.401.10
The chart of Omega ratio for PHMIX, currently valued at 1.20, compared to the broader market0.501.001.502.002.503.003.501.201.16
The chart of Calmar ratio for PHMIX, currently valued at 0.51, compared to the broader market0.002.004.006.008.0010.0012.0014.000.510.34
The chart of Martin ratio for PHMIX, currently valued at 4.39, compared to the broader market0.0020.0040.0060.004.392.69
PHMIX
NHMRX

The current PHMIX Sharpe Ratio is 1.03, which is higher than the NHMRX Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of PHMIX and NHMRX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.98
0.77
PHMIX
NHMRX

Dividends

PHMIX vs. NHMRX - Dividend Comparison

PHMIX's dividend yield for the trailing twelve months is around 4.28%, less than NHMRX's 5.40% yield.


TTM20232022202120202019201820172016201520142013
PHMIX
PIMCO High Yield Municipal Bond Fund
4.28%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
5.40%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.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-3.36%
-7.15%
PHMIX
NHMRX

Volatility

PHMIX vs. NHMRX - Volatility Comparison

The current volatility for PIMCO High Yield Municipal Bond Fund (PHMIX) is 1.36%, while Nuveen High Yield Municipal Bond Fund (NHMRX) has a volatility of 1.84%. 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.


0.50%1.00%1.50%2.00%2.50%JulyAugustSeptemberOctoberNovemberDecember
1.36%
1.84%
PHMIX
NHMRX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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