SPMFX vs. NMI
Compare and contrast key facts about Symmetry Panoramic Municipal Fixed Income Fund (SPMFX) and Nuveen Municipal Income Fund, Inc. (NMI).
SPMFX is managed by Symmetry Partners. It was launched on Nov 11, 2018. NMI is managed by Nuveen. It was launched on Apr 20, 1998.
Performance
SPMFX vs. NMI - Performance Comparison
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SPMFX vs. NMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPMFX Symmetry Panoramic Municipal Fixed Income Fund | -0.38% | 3.23% | 1.81% | 3.41% | -3.04% | -0.31% | 1.47% | 2.31% | 0.88% |
NMI Nuveen Municipal Income Fund, Inc. | 6.43% | 10.52% | 7.03% | 1.90% | -15.09% | 3.86% | 4.70% | 16.02% | 0.42% |
Returns By Period
In the year-to-date period, SPMFX achieves a -0.38% return, which is significantly lower than NMI's 6.43% return.
SPMFX
- 1D
- 0.20%
- 1M
- -2.06%
- YTD
- -0.38%
- 6M
- 0.71%
- 1Y
- 3.03%
- 3Y*
- 2.22%
- 5Y*
- 0.98%
- 10Y*
- —
NMI
- 1D
- 5.56%
- 1M
- 5.32%
- YTD
- 6.43%
- 6M
- 7.87%
- 1Y
- 11.18%
- 3Y*
- 8.47%
- 5Y*
- 2.21%
- 10Y*
- 2.38%
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SPMFX vs. NMI - Expense Ratio Comparison
SPMFX has a 0.41% expense ratio, which is lower than NMI's 0.72% expense ratio.
Return for Risk
SPMFX vs. NMI — Risk / Return Rank
SPMFX
NMI
SPMFX vs. NMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Symmetry Panoramic Municipal Fixed Income Fund (SPMFX) and Nuveen Municipal Income Fund, Inc. (NMI). 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.
| SPMFX | NMI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 0.93 | +0.19 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.64 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.43 | +0.02 |
Martin ratioReturn relative to average drawdown | 4.70 | 2.89 | +1.81 |
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
| SPMFX | NMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 0.93 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.16 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.34 | +0.32 |
Correlation
The correlation between SPMFX and NMI is 0.22, 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
SPMFX vs. NMI - Dividend Comparison
SPMFX's dividend yield for the trailing twelve months is around 2.38%, less than NMI's 4.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMFX Symmetry Panoramic Municipal Fixed Income Fund | 2.38% | 2.05% | 2.50% | 1.52% | 0.59% | 0.27% | 0.68% | 1.00% | 0.08% | 0.00% | 0.00% | 0.00% |
NMI Nuveen Municipal Income Fund, Inc. | 4.36% | 4.59% | 4.63% | 4.04% | 3.51% | 3.22% | 3.53% | 4.15% | 5.12% | 4.21% | 4.45% | 4.28% |
Drawdowns
SPMFX vs. NMI - Drawdown Comparison
The maximum SPMFX drawdown since its inception was -5.39%, smaller than the maximum NMI drawdown of -28.92%. Use the drawdown chart below to compare losses from any high point for SPMFX and NMI.
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Drawdown Indicators
| SPMFX | NMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.39% | -28.92% | +23.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -8.71% | +6.31% |
Max Drawdown (5Y)Largest decline over 5 years | -5.39% | -28.92% | +23.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.92% | — |
Current DrawdownCurrent decline from peak | -2.06% | 0.00% | -2.06% |
Average DrawdownAverage peak-to-trough decline | -1.01% | -5.93% | +4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 4.31% | -3.57% |
Volatility
SPMFX vs. NMI - Volatility Comparison
The current volatility for Symmetry Panoramic Municipal Fixed Income Fund (SPMFX) is 1.26%, while Nuveen Municipal Income Fund, Inc. (NMI) has a volatility of 5.73%. This indicates that SPMFX experiences smaller price fluctuations and is considered to be less risky than NMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMFX | NMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 5.73% | -4.47% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 7.38% | -5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.85% | 12.13% | -9.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.91% | 13.58% | -11.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.91% | 14.60% | -12.69% |