TRSPX vs. NVHIX
Compare and contrast key facts about Nuveen S&P 500 Index Fund Retirement Class (TRSPX) and Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX).
TRSPX is a passively managed fund by Nuveen that tracks the performance of the S&P 500. It was launched on Oct 1, 2002. NVHIX is managed by Nuveen. It was launched on Jan 31, 2013.
Performance
TRSPX vs. NVHIX - Performance Comparison
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TRSPX vs. NVHIX - 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% |
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | 0.58% | 2.43% | 6.88% | 3.54% | -6.73% | 8.44% | -0.10% | 8.27% | 3.47% | 8.17% |
Returns By Period
In the year-to-date period, TRSPX achieves a -4.40% return, which is significantly lower than NVHIX's 0.58% return. Over the past 10 years, TRSPX has outperformed NVHIX with an annualized return of 13.56%, while NVHIX has yielded a comparatively lower 3.24% 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%
NVHIX
- 1D
- 0.62%
- 1M
- -0.97%
- YTD
- 0.58%
- 6M
- 1.64%
- 1Y
- 2.36%
- 3Y*
- 4.08%
- 5Y*
- 2.27%
- 10Y*
- 3.24%
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TRSPX vs. NVHIX - Expense Ratio Comparison
TRSPX has a 0.30% expense ratio, which is lower than NVHIX's 0.55% expense ratio.
Return for Risk
TRSPX vs. NVHIX — Risk / Return Rank
TRSPX
NVHIX
TRSPX vs. NVHIX - 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 Short Duration High Yield Municipal Bond Fund (NVHIX). 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 | NVHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.69 | +0.27 |
Sortino ratioReturn per unit of downside risk | 1.47 | 0.95 | +0.52 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.30 | 0.92 | +0.38 |
Martin ratioReturn relative to average drawdown | 6.22 | 2.67 | +3.55 |
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
| TRSPX | NVHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.69 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.69 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.94 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 1.09 | -0.55 |
Correlation
The correlation between TRSPX and NVHIX is 0.03, 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
TRSPX vs. NVHIX - Dividend Comparison
TRSPX's dividend yield for the trailing twelve months is around 2.25%, less than NVHIX's 5.10% 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% |
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | 5.10% | 5.15% | 4.36% | 4.41% | 3.84% | 3.43% | 3.90% | 4.03% | 3.90% | 3.78% | 3.62% | 3.55% |
Drawdowns
TRSPX vs. NVHIX - Drawdown Comparison
The maximum TRSPX drawdown since its inception was -55.34%, which is greater than NVHIX's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for TRSPX and NVHIX.
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Drawdown Indicators
| TRSPX | NVHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.34% | -13.54% | -41.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -3.63% | -8.49% |
Max Drawdown (5Y)Largest decline over 5 years | -24.63% | -10.54% | -14.09% |
Max Drawdown (10Y)Largest decline over 10 years | -33.77% | -13.54% | -20.23% |
Current DrawdownCurrent decline from peak | -6.27% | -1.18% | -5.09% |
Average DrawdownAverage peak-to-trough decline | -6.95% | -2.06% | -4.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 1.25% | +1.28% |
Volatility
TRSPX vs. NVHIX - Volatility Comparison
Nuveen S&P 500 Index Fund Retirement Class (TRSPX) has a higher volatility of 5.35% compared to Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) at 0.93%. This indicates that TRSPX's price experiences larger fluctuations and is considered to be riskier than NVHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRSPX | NVHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 0.93% | +4.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 1.55% | +7.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.32% | 3.81% | +14.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 3.33% | +13.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 3.47% | +14.57% |