SPXX vs. NHMRX
Compare and contrast key facts about Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) and Nuveen High Yield Municipal Bond Fund (NHMRX).
SPXX is an actively managed fund by Nuveen. It was launched on Nov 23, 2005. NHMRX is managed by Nuveen. It was launched on Jun 6, 1999.
Performance
SPXX vs. NHMRX - Performance Comparison
Loading graphics...
SPXX vs. NHMRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | -7.83% | 9.78% | 27.10% | 0.85% | -6.92% | 29.03% | -0.37% | 25.36% | -13.42% | 27.92% |
NHMRX Nuveen High Yield Municipal Bond Fund | 0.08% | 3.24% | 5.62% | 7.31% | -14.96% | 10.37% | 3.25% | 12.59% | 2.06% | 12.10% |
Returns By Period
In the year-to-date period, SPXX achieves a -7.83% return, which is significantly lower than NHMRX's 0.08% return. Over the past 10 years, SPXX has outperformed NHMRX with an annualized return of 9.25%, while NHMRX has yielded a comparatively lower 3.73% annualized return.
SPXX
- 1D
- 1.43%
- 1M
- -6.59%
- YTD
- -7.83%
- 6M
- -3.93%
- 1Y
- 3.85%
- 3Y*
- 9.58%
- 5Y*
- 7.13%
- 10Y*
- 9.25%
NHMRX
- 1D
- 0.84%
- 1M
- -2.02%
- YTD
- 0.08%
- 6M
- 1.84%
- 1Y
- 2.82%
- 3Y*
- 4.31%
- 5Y*
- 1.37%
- 10Y*
- 3.73%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SPXX vs. NHMRX - Expense Ratio Comparison
SPXX has a 0.89% expense ratio, which is higher than NHMRX's 0.52% expense ratio.
Return for Risk
SPXX vs. NHMRX — Risk / Return Rank
SPXX
NHMRX
SPXX vs. NHMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) 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.
| SPXX | NHMRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.22 | 0.43 | -0.21 |
Sortino ratioReturn per unit of downside risk | 0.44 | 0.61 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.12 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.32 | 0.60 | -0.28 |
Martin ratioReturn relative to average drawdown | 1.11 | 1.44 | -0.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SPXX | NHMRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 0.43 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.20 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.56 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.88 | -0.51 |
Correlation
The correlation between SPXX and NHMRX is 0.01, 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
SPXX vs. NHMRX - Dividend Comparison
SPXX's dividend yield for the trailing twelve months is around 8.28%, more than NHMRX's 6.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | 8.28% | 7.48% | 6.87% | 7.82% | 7.30% | 5.27% | 6.56% | 6.44% | 7.98% | 5.69% | 5.14% | 7.75% |
NHMRX Nuveen High Yield Municipal Bond Fund | 6.20% | 6.54% | 5.79% | 7.34% | 5.64% | 5.09% | 5.03% | 5.39% | 5.47% | 5.38% | 5.88% | 5.60% |
Drawdowns
SPXX vs. NHMRX - Drawdown Comparison
The maximum SPXX drawdown since its inception was -52.39%, which is greater than NHMRX's maximum drawdown of -45.45%. Use the drawdown chart below to compare losses from any high point for SPXX and NHMRX.
Loading graphics...
Drawdown Indicators
| SPXX | NHMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.39% | -45.45% | -6.94% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -7.92% | -5.08% |
Max Drawdown (5Y)Largest decline over 5 years | -18.09% | -21.52% | +3.43% |
Max Drawdown (10Y)Largest decline over 10 years | -43.99% | -22.22% | -21.77% |
Current DrawdownCurrent decline from peak | -9.24% | -2.42% | -6.82% |
Average DrawdownAverage peak-to-trough decline | -7.51% | -5.35% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 3.28% | +0.47% |
Volatility
SPXX vs. NHMRX - Volatility Comparison
Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) has a higher volatility of 4.96% compared to Nuveen High Yield Municipal Bond Fund (NHMRX) at 1.87%. This indicates that SPXX's price experiences larger fluctuations and is considered to be riskier than NHMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SPXX | NHMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 1.87% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.29% | 2.75% | +6.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.96% | 8.04% | +9.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.80% | 6.81% | +8.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 6.71% | +11.68% |