TMNIX vs. NHMFX
Compare and contrast key facts about Counterpoint Tactical Municipal Fund (TMNIX) and Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX).
TMNIX is managed by Counterpoint Mutual Funds. It was launched on Jun 10, 2018. NHMFX is managed by Nuveen. It was launched on Jun 30, 2016.
Performance
TMNIX vs. NHMFX - Performance Comparison
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TMNIX vs. NHMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TMNIX Counterpoint Tactical Municipal Fund | -0.24% | 2.56% | 3.92% | 6.85% | -3.12% | 2.96% | 6.73% | 8.70% | 0.12% |
NHMFX Nuveen High Yield Municipal Bond Fund Class R6 | -0.74% | 3.21% | 5.23% | 6.74% | -14.90% | 9.94% | 3.33% | 12.18% | 1.06% |
Returns By Period
In the year-to-date period, TMNIX achieves a -0.24% return, which is significantly higher than NHMFX's -0.74% return.
TMNIX
- 1D
- 0.03%
- 1M
- -2.18%
- YTD
- -0.24%
- 6M
- 0.90%
- 1Y
- 3.88%
- 3Y*
- 3.41%
- 5Y*
- 2.37%
- 10Y*
- —
NHMFX
- 1D
- 0.29%
- 1M
- -3.30%
- YTD
- -0.74%
- 6M
- 1.02%
- 1Y
- 2.57%
- 3Y*
- 3.73%
- 5Y*
- 0.96%
- 10Y*
- —
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TMNIX vs. NHMFX - Expense Ratio Comparison
TMNIX has a 1.00% expense ratio, which is higher than NHMFX's 0.69% expense ratio.
Return for Risk
TMNIX vs. NHMFX — Risk / Return Rank
TMNIX
NHMFX
TMNIX vs. NHMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Counterpoint Tactical Municipal Fund (TMNIX) and Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX). 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.
| TMNIX | NHMFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 0.43 | +1.28 |
Sortino ratioReturn per unit of downside risk | 2.55 | 0.61 | +1.93 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.12 | +0.33 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.42 | +1.40 |
Martin ratioReturn relative to average drawdown | 6.57 | 1.02 | +5.55 |
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
| TMNIX | NHMFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 0.43 | +1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.14 | +0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.45 | +0.90 |
Correlation
The correlation between TMNIX and NHMFX is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TMNIX vs. NHMFX - Dividend Comparison
TMNIX's dividend yield for the trailing twelve months is around 3.07%, less than NHMFX's 5.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TMNIX Counterpoint Tactical Municipal Fund | 3.07% | 2.79% | 3.31% | 3.40% | 0.36% | 4.39% | 2.36% | 3.69% | 1.10% | 0.00% | 0.00% |
NHMFX Nuveen High Yield Municipal Bond Fund Class R6 | 5.79% | 6.59% | 5.35% | 6.99% | 5.68% | 4.71% | 5.05% | 5.03% | 5.46% | 5.37% | 2.52% |
Drawdowns
TMNIX vs. NHMFX - Drawdown Comparison
The maximum TMNIX drawdown since its inception was -4.63%, smaller than the maximum NHMFX drawdown of -22.25%. Use the drawdown chart below to compare losses from any high point for TMNIX and NHMFX.
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Drawdown Indicators
| TMNIX | NHMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.63% | -22.25% | +17.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -7.85% | +5.64% |
Max Drawdown (5Y)Largest decline over 5 years | -4.63% | -21.55% | +16.92% |
Current DrawdownCurrent decline from peak | -2.18% | -3.30% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -1.48% | -4.94% | +3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 3.25% | -2.64% |
Volatility
TMNIX vs. NHMFX - Volatility Comparison
The current volatility for Counterpoint Tactical Municipal Fund (TMNIX) is 1.10%, while Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX) has a volatility of 1.61%. This indicates that TMNIX experiences smaller price fluctuations and is considered to be less risky than NHMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMNIX | NHMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.61% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 1.69% | 2.60% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.35% | 8.02% | -5.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.00% | 6.82% | -3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.68% | 6.79% | -4.11% |