UTAHX vs. NMTRX
UTAHX (Aquila Tax-Free Fund For Utah) and NMTRX (Nuveen Municipal Total Return Managed Accounts) are both Municipal Bonds funds. Over the past 10 years, UTAHX returned 1.43%/yr vs 2.23%/yr for NMTRX. A 0.79 correlation means they provide meaningful diversification when combined. UTAHX charges 0.87%/yr vs 0.05%/yr for NMTRX.
Performance
UTAHX vs. NMTRX - Performance Comparison
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Returns By Period
In the year-to-date period, UTAHX achieves a 2.02% return, which is significantly lower than NMTRX's 2.98% return. Over the past 10 years, UTAHX has underperformed NMTRX with an annualized return of 1.43%, while NMTRX has yielded a comparatively higher 2.23% annualized return.
UTAHX
- 1D
- -0.10%
- 1M
- 0.19%
- 6M
- 1.39%
- YTD
- 2.02%
- 1Y
- 6.56%
- 3Y*
- 3.35%
- 5Y*
- 0.45%
- 10Y*
- 1.43%
NMTRX
- 1D
- 0.00%
- 1M
- 0.59%
- 6M
- 2.57%
- YTD
- 2.98%
- 1Y
- 8.30%
- 3Y*
- 4.26%
- 5Y*
- 0.40%
- 10Y*
- 2.23%
UTAHX vs. NMTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTAHX Aquila Tax-Free Fund For Utah | 2.02% | 4.73% | 0.46% | 3.87% | -7.91% | 0.21% | 4.09% | 6.24% | 0.79% | 4.27% |
NMTRX Nuveen Municipal Total Return Managed Accounts | 2.98% | 3.90% | 1.99% | 6.21% | -11.98% | 2.69% | 5.25% | 9.26% | 1.06% | 7.41% |
Correlation
The correlation between UTAHX and NMTRX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 31, 2007 | 0.79 |
The correlation between UTAHX and NMTRX has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.
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Return for Risk
UTAHX vs. NMTRX — Risk / Return Rank
UTAHX
NMTRX
UTAHX vs. NMTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aquila Tax-Free Fund For Utah (UTAHX) and Nuveen Municipal Total Return Managed Accounts (NMTRX). 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.
| UTAHX | NMTRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.68 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 3.07 | -0.60 |
| Martin ratioReturn relative to average drawdown | 8.76 | 11.93 | -3.17 |
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Drawdowns
UTAHX vs. NMTRX - Drawdown Comparison
The maximum UTAHX drawdown since its inception was -13.94%, smaller than the maximum NMTRX drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for UTAHX and NMTRX.
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Drawdown Indicators
| UTAHX | NMTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.94% | -16.36% | +2.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.64% | -2.65% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -4.61% | -5.77% | +1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -12.26% | -16.36% | +4.10% |
Max Drawdown (10Y)Largest decline over 10 years | -12.26% | -16.36% | +4.10% |
Current DrawdownCurrent decline from peak | -0.41% | -0.49% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -1.92% | -2.89% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.69% | +0.05% |
Volatility
UTAHX vs. NMTRX - Volatility Comparison
Aquila Tax-Free Fund For Utah (UTAHX) and Nuveen Municipal Total Return Managed Accounts (NMTRX) have volatilities of 0.58% and 0.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTAHX | NMTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 0.60% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 2.26% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.36% | 2.97% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.18% | 4.03% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.29% | 4.39% | -1.10% |
UTAHX vs. NMTRX - Expense Ratio Comparison
UTAHX has a 0.87% expense ratio, which is higher than NMTRX's 0.05% expense ratio.
Dividends
UTAHX vs. NMTRX - Dividend Comparison
UTAHX's dividend yield for the trailing twelve months is around 3.61%, less than NMTRX's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMTRX Nuveen Municipal Total Return Managed Accounts | 4.60% | 4.46% | 3.55% | 3.67% | 3.28% | 2.73% | 2.92% | 3.20% | 3.47% | 3.28% | 3.71% | 3.91% |
UTAHX Aquila Tax-Free Fund For Utah | 3.61% | 3.52% | 2.44% | 2.00% | 1.59% | 1.63% | 2.02% | 2.75% | 2.52% | 2.62% | 2.69% | 2.83% |
Frequently Asked Questions
UTAHX and NMTRX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMTRX has higher volatility (0.60%) compared to UTAHX (0.58%). In terms of maximum drawdown, UTAHX dropped -13.94% vs NMTRX's -16.36%.
UTAHX currently has the higher Sharpe Ratio (2.75 vs 2.73), 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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