TRSPX vs. NHMRX
Compare and contrast key facts about Nuveen S&P 500 Index Fund Retirement Class (TRSPX) and Nuveen High Yield Municipal Bond Fund (NHMRX).
TRSPX is a passively managed fund by Nuveen that tracks the performance of the S&P 500. It was launched on Oct 1, 2002. NHMRX is managed by Nuveen. It was launched on Jun 6, 1999.
Performance
TRSPX vs. NHMRX - Performance Comparison
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TRSPX vs. NHMRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRSPX Nuveen S&P 500 Index Fund Retirement Class | -4.40% | 17.50% | 24.64% | 25.90% | -18.34% | 28.32% | 18.08% | 31.06% | -4.72% | 19.52% |
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, TRSPX achieves a -4.40% return, which is significantly lower than NHMRX's 0.08% return. Over the past 10 years, TRSPX has outperformed NHMRX with an annualized return of 13.56%, while NHMRX has yielded a comparatively lower 3.73% annualized return.
TRSPX
- 1D
- 2.93%
- 1M
- -5.04%
- YTD
- -4.40%
- 6M
- -2.31%
- 1Y
- 16.96%
- 3Y*
- 17.95%
- 5Y*
- 11.46%
- 10Y*
- 13.56%
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%
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TRSPX vs. NHMRX - Expense Ratio Comparison
TRSPX has a 0.30% expense ratio, which is lower than NHMRX's 0.52% expense ratio.
Return for Risk
TRSPX vs. NHMRX — Risk / Return Rank
TRSPX
NHMRX
TRSPX vs. NHMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen S&P 500 Index Fund Retirement Class (TRSPX) 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.
| TRSPX | NHMRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.43 | +0.53 |
Sortino ratioReturn per unit of downside risk | 1.47 | 0.61 | +0.86 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.12 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.30 | 0.60 | +0.70 |
Martin ratioReturn relative to average drawdown | 6.22 | 1.44 | +4.78 |
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
| TRSPX | NHMRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.43 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.20 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.56 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.88 | -0.33 |
Correlation
The correlation between TRSPX and NHMRX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
TRSPX vs. NHMRX - Dividend Comparison
TRSPX's dividend yield for the trailing twelve months is around 2.25%, less than NHMRX's 6.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRSPX Nuveen S&P 500 Index Fund Retirement Class | 2.25% | 2.15% | 1.30% | 1.26% | 1.66% | 1.55% | 1.33% | 1.95% | 2.67% | 0.36% | 2.18% | 0.65% |
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
TRSPX vs. NHMRX - Drawdown Comparison
The maximum TRSPX drawdown since its inception was -55.34%, which is greater than NHMRX's maximum drawdown of -45.45%. Use the drawdown chart below to compare losses from any high point for TRSPX and NHMRX.
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Drawdown Indicators
| TRSPX | NHMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.34% | -45.45% | -9.89% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -7.92% | -4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -24.63% | -21.52% | -3.11% |
Max Drawdown (10Y)Largest decline over 10 years | -33.77% | -22.22% | -11.55% |
Current DrawdownCurrent decline from peak | -6.27% | -2.42% | -3.85% |
Average DrawdownAverage peak-to-trough decline | -6.95% | -5.35% | -1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 3.28% | -0.75% |
Volatility
TRSPX vs. NHMRX - Volatility Comparison
Nuveen S&P 500 Index Fund Retirement Class (TRSPX) has a higher volatility of 5.35% compared to Nuveen High Yield Municipal Bond Fund (NHMRX) at 1.87%. This indicates that TRSPX'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.
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Volatility by Period
| TRSPX | NHMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 1.87% | +3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 2.75% | +6.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.32% | 8.04% | +10.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 6.81% | +10.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 6.71% | +11.33% |