TTIRX vs. NVHIX

Last updated Aug 1, 2026

TTIRX (Nuveen Lifecycle Index 2055 Fund Retirement Class) and NVHIX (Nuveen Short Duration High Yield Municipal Bond Fund) are both mutual funds - TTIRX is a Target Retirement Date fund actively managed by Nuveen, while NVHIX is a High Yield Muni fund managed by Nuveen. Over the past 10 years, TTIRX returned 11.50%/yr vs 3.04%/yr for NVHIX. Their 0.05 correlation means their historical movements had little consistent relationship. TTIRX charges 0.35%/yr vs 0.55%/yr for NVHIX.

Performance

TTIRX vs. NVHIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Lifecycle Index 2055 Fund Retirement Class (TTIRX) and Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TTIRX achieves a 10.00% return, which is significantly higher than NVHIX's 1.56% return. Over the past 10 years, TTIRX has outperformed NVHIX with an annualized return of 11.50%, while NVHIX has yielded a comparatively lower 3.04% annualized return.

TTIRX

• 1D: 1.93%
• 1M: -0.55%
• 6M: 6.95%
• YTD: 10.00%
• 1Y: 21.33%
• 3Y*: 16.43%
• 5Y*: 9.50%
• 10Y*: 11.50%
• ALL TIME*: 9.84%

NVHIX

• 1D: -0.21%
• 1M: -1.06%
• 6M: 0.81%
• YTD: 1.56%
• 1Y: 4.95%
• 3Y*: 4.19%
• 5Y*: 1.68%
• 10Y*: 3.04%
• ALL TIME*: 3.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund	$0.00	$0.00	$0.00
TTIRX Nuveen Lifecycle Index 2055 Fund Retirement Class	$0.00	$0.00	$0.00

TTIRX vs. NVHIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TTIRX Nuveen Lifecycle Index 2055 Fund Retirement Class	10.00%	20.66%	15.08%	20.42%	-17.80%	17.09%	16.94%	25.99%	-7.36%	19.39%
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund	1.56%	2.43%	6.88%	3.54%	-6.73%	8.44%	-0.10%	8.27%	3.47%	8.17%

Correlation

The correlation between TTIRX and NVHIX is 0.28, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.29
Correlation (3Y) Balances recent behavior with more history.	0.15
Correlation (5Y) Shows whether the relationship held over a longer period.	0.15
Correlation (10Y) Provides a long-term view across more market conditions.	0.10
Correlation (All Time) Calculated using the full available price history since Feb 4, 2013	0.05

Over the past year, TTIRX and NVHIX have become more correlated (0.28) than their long-term average of 0.05, meaning their price movements have been converging.

Return for Risk

TTIRX vs. NVHIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TTIRX

TTIRX Risk / Return Rank: 60
TTIRX Sharpe Ratio Rank: 57
TTIRX Sortino Ratio Rank: 54
TTIRX Omega Ratio Rank: 55
TTIRX Calmar Ratio Rank: 61
TTIRX Martin Ratio Rank: 71

NVHIX

NVHIX Risk / Return Rank: 91
NVHIX Sharpe Ratio Rank: 94
NVHIX Sortino Ratio Rank: 97
NVHIX Omega Ratio Rank: 97
NVHIX Calmar Ratio Rank: 87
NVHIX Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TTIRX vs. NVHIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Lifecycle Index 2055 Fund Retirement Class (TTIRX) 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.

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.

	TTIRX	NVHIX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	2.52	-0.98
Sortino ratio: Return per unit of downside risk	2.16	4.62	-2.46
Omega ratio: Gain probability vs. loss probability	1.28	1.77	-0.49
Calmar ratio: Return relative to maximum drawdown	2.20	3.05	-0.85
Martin ratio: Return relative to average drawdown	9.19	9.76	-0.58

TTIRX vs. NVHIX - Sharpe Ratio Comparison

The current TTIRX Sharpe Ratio is 1.54, which is lower than the NVHIX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of TTIRX and NVHIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TTIRX vs. NVHIX - Drawdown Comparison

The maximum TTIRX drawdown since its inception was -31.81%, which is greater than NVHIX's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for TTIRX and NVHIX.

Drawdown Indicators

	TTIRX	NVHIX	Difference
Max Drawdown Largest peak-to-trough decline	-31.81%	-13.54%	-18.27%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	-1.79%	-7.13%
Max Drawdown (3Y) Largest decline over 3 years	-15.14%	-4.72%	-10.42%
Max Drawdown (5Y) Largest decline over 5 years	-25.65%	-10.54%	-15.11%
Max Drawdown (10Y) Largest decline over 10 years	-31.81%	-13.54%	-18.27%
Current Drawdown Current decline from peak	-1.89%	-1.06%	-0.83%
Average Drawdown Average peak-to-trough decline	-4.35%	-2.02%	-2.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	0.56%	+1.57%

Volatility

TTIRX vs. NVHIX - Volatility Comparison

Nuveen Lifecycle Index 2055 Fund Retirement Class (TTIRX) has a higher volatility of 3.78% compared to Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) at 0.59%. This indicates that TTIRX'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.

Volatility by Period

	TTIRX	NVHIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	0.59%	+3.19%
Volatility (6M) Calculated over the trailing 6-month period	10.63%	1.61%	+9.02%
Volatility (1Y) Calculated over the trailing 1-year period	12.77%	2.17%	+10.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.83%	3.34%	+11.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.71%	3.48%	+12.23%

TTIRX vs. NVHIX - Expense Ratio Comparison

TTIRX has a 0.35% expense ratio, which is lower than NVHIX's 0.55% expense ratio.

Dividends

TTIRX vs. NVHIX - Dividend Comparison

TTIRX's dividend yield for the trailing twelve months is around 2.30%, less than NVHIX's 4.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund	4.09%	5.15%	4.36%	4.41%	3.84%	3.43%	3.90%	4.03%	3.90%	3.78%	3.62%	3.55%
TTIRX Nuveen Lifecycle Index 2055 Fund Retirement Class	2.30%	2.53%	1.97%	1.93%	2.05%	1.80%	1.47%	2.02%	2.38%	0.11%	2.21%	0.29%

Frequently Asked Questions

Can I hold both TTIRX and NVHIX in my portfolio?

TTIRX and NVHIX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TTIRX or NVHIX?

TTIRX has higher volatility (3.78%) compared to NVHIX (0.59%). In terms of maximum drawdown, TTIRX dropped -31.81% vs NVHIX's -13.54%.

Which has better risk-adjusted returns?

NVHIX currently has the higher Sharpe Ratio (2.52 vs 1.54), 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.