TAMBX vs. NMI
TAMBX (JHancock Municipal Opportunities Fund) and NMI (Nuveen Municipal Income Fund, Inc.) are both Municipal Bonds funds. Over the past 10 years, TAMBX returned 1.93%/yr vs 2.51%/yr for NMI. At a 0.16 correlation, their price movements are largely independent. TAMBX charges 0.80%/yr vs 0.72%/yr for NMI.
Performance
TAMBX vs. NMI - Performance Comparison
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Returns By Period
In the year-to-date period, TAMBX achieves a 1.52% return, which is significantly lower than NMI's 13.22% return. Over the past 10 years, TAMBX has underperformed NMI with an annualized return of 1.93%, while NMI has yielded a comparatively higher 2.51% annualized return.
TAMBX
- 1D
- 0.00%
- 1M
- 1.42%
- YTD
- 1.52%
- 6M
- 2.05%
- 1Y
- 6.39%
- 3Y*
- 3.86%
- 5Y*
- 0.79%
- 10Y*
- 1.93%
NMI
- 1D
- 4.56%
- 1M
- 2.87%
- YTD
- 13.22%
- 6M
- 12.77%
- 1Y
- 16.78%
- 3Y*
- 10.06%
- 5Y*
- 2.78%
- 10Y*
- 2.51%
TAMBX vs. NMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAMBX JHancock Municipal Opportunities Fund | 1.52% | 5.25% | 2.23% | 5.36% | -10.18% | 3.05% | 4.07% | 8.16% | 0.14% | 5.48% |
NMI Nuveen Municipal Income Fund, Inc. | 13.22% | 10.52% | 7.03% | 1.90% | -15.09% | 3.86% | 4.70% | 16.02% | -8.07% | 7.49% |
Correlation
The correlation between TAMBX and NMI is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1991 | 0.16 |
The correlation between TAMBX and NMI shifts across timeframes, from 0.12 (1 year) to 0.29 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TAMBX vs. NMI — Risk / Return Rank
TAMBX
NMI
TAMBX vs. NMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JHancock Municipal Opportunities Fund (TAMBX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TAMBX | NMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.25 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 1.54 | +0.69 |
| Martin ratioReturn relative to average drawdown | 7.20 | 3.60 | +3.60 |
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Drawdowns
TAMBX vs. NMI - Drawdown Comparison
The maximum TAMBX drawdown since its inception was -15.00%, smaller than the maximum NMI drawdown of -28.92%. Use the drawdown chart below to compare losses from any high point for TAMBX and NMI.
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Drawdown Indicators
| TAMBX | NMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.00% | -28.92% | +13.92% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -10.96% | +8.03% |
Max Drawdown (3Y)Largest decline over 3 years | -6.65% | -14.54% | +7.89% |
Max Drawdown (5Y)Largest decline over 5 years | -14.73% | -28.92% | +14.19% |
Max Drawdown (10Y)Largest decline over 10 years | -14.73% | -28.92% | +14.19% |
Current DrawdownCurrent decline from peak | -0.62% | -1.45% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -5.92% | +3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 4.67% | -3.76% |
Volatility
TAMBX vs. NMI - Volatility Comparison
The current volatility for JHancock Municipal Opportunities Fund (TAMBX) is 0.67%, while Nuveen Municipal Income Fund, Inc. (NMI) has a volatility of 7.95%. This indicates that TAMBX 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
| TAMBX | NMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 7.95% | -7.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 15.00% | -13.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.49% | 17.26% | -14.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.82% | 14.80% | -10.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.02% | 15.07% | -11.05% |
TAMBX vs. NMI - Expense Ratio Comparison
TAMBX has a 0.80% expense ratio, which is higher than NMI's 0.72% expense ratio.
Dividends
TAMBX vs. NMI - Dividend Comparison
TAMBX's dividend yield for the trailing twelve months is around 3.59%, less than NMI's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMI Nuveen Municipal Income Fund, Inc. | 4.15% | 4.59% | 4.63% | 4.04% | 3.51% | 3.22% | 3.53% | 4.15% | 5.12% | 4.21% | 4.45% | 4.28% |
TAMBX JHancock Municipal Opportunities Fund | 3.59% | 4.39% | 3.10% | 2.39% | 2.47% | 2.61% | 2.82% | 3.37% | 3.69% | 3.68% | 3.79% | 3.90% |
Frequently Asked Questions
TAMBX and NMI have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMI has higher volatility (7.95%) compared to TAMBX (0.67%). In terms of maximum drawdown, TAMBX dropped -15.00% vs NMI's -28.92%.
TAMBX currently has the higher Sharpe Ratio (2.63 vs 0.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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