WITAX vs. NMI
Compare and contrast key facts about Segall Bryant & Hamill Municipal Opportunities Fund (WITAX) and Nuveen Municipal Income Fund, Inc. (NMI).
WITAX is managed by Segall Bryant & Hamill. It was launched on Dec 15, 2016. NMI is managed by Nuveen. It was launched on Apr 20, 1998.
Performance
WITAX vs. NMI - Performance Comparison
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WITAX vs. NMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WITAX Segall Bryant & Hamill Municipal Opportunities Fund | -0.07% | 5.32% | 3.09% | 5.50% | -11.11% | 2.87% | 6.71% | 7.20% | 1.46% | 8.57% |
NMI Nuveen Municipal Income Fund, Inc. | 6.43% | 10.52% | 7.03% | 1.90% | -15.09% | 3.86% | 4.70% | 16.02% | -8.07% | 7.78% |
Returns By Period
In the year-to-date period, WITAX achieves a -0.07% return, which is significantly lower than NMI's 6.43% return.
WITAX
- 1D
- 0.21%
- 1M
- -1.82%
- YTD
- -0.07%
- 6M
- 1.47%
- 1Y
- 4.35%
- 3Y*
- 4.05%
- 5Y*
- 0.94%
- 10Y*
- —
NMI
- 1D
- 5.56%
- 1M
- 5.32%
- YTD
- 6.43%
- 6M
- 7.87%
- 1Y
- 11.18%
- 3Y*
- 8.47%
- 5Y*
- 2.21%
- 10Y*
- 2.38%
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WITAX vs. NMI - Expense Ratio Comparison
WITAX has a 0.50% expense ratio, which is lower than NMI's 0.72% expense ratio.
Return for Risk
WITAX vs. NMI — Risk / Return Rank
WITAX
NMI
WITAX vs. NMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Segall Bryant & Hamill Municipal Opportunities Fund (WITAX) and Nuveen Municipal Income Fund, Inc. (NMI). 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.
| WITAX | NMI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 0.93 | +0.68 |
Sortino ratioReturn per unit of downside risk | 2.09 | 1.64 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.24 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.43 | +0.27 |
Martin ratioReturn relative to average drawdown | 6.28 | 2.89 | +3.39 |
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
| WITAX | NMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 0.93 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.16 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.34 | +0.64 |
Correlation
The correlation between WITAX and NMI is 0.24, 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
WITAX vs. NMI - Dividend Comparison
WITAX's dividend yield for the trailing twelve months is around 3.22%, less than NMI's 4.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WITAX Segall Bryant & Hamill Municipal Opportunities Fund | 3.22% | 3.49% | 3.68% | 3.61% | 3.17% | 2.75% | 3.30% | 4.19% | 3.56% | 3.76% | 0.00% | 0.00% |
NMI Nuveen Municipal Income Fund, Inc. | 4.36% | 4.59% | 4.63% | 4.04% | 3.51% | 3.22% | 3.53% | 4.15% | 5.12% | 4.21% | 4.45% | 4.28% |
Drawdowns
WITAX vs. NMI - Drawdown Comparison
The maximum WITAX drawdown since its inception was -13.87%, smaller than the maximum NMI drawdown of -28.92%. Use the drawdown chart below to compare losses from any high point for WITAX and NMI.
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Drawdown Indicators
| WITAX | NMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.87% | -28.92% | +15.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -8.71% | +5.82% |
Max Drawdown (5Y)Largest decline over 5 years | -13.87% | -28.92% | +15.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.92% | — |
Current DrawdownCurrent decline from peak | -1.82% | 0.00% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -5.93% | +2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 4.31% | -3.53% |
Volatility
WITAX vs. NMI - Volatility Comparison
The current volatility for Segall Bryant & Hamill Municipal Opportunities Fund (WITAX) is 0.78%, while Nuveen Municipal Income Fund, Inc. (NMI) has a volatility of 5.73%. This indicates that WITAX experiences smaller price fluctuations and is considered to be less risky than NMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WITAX | NMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 5.73% | -4.95% |
Volatility (6M)Calculated over the trailing 6-month period | 1.17% | 7.38% | -6.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.86% | 12.13% | -9.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.88% | 13.58% | -10.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.12% | 14.60% | -11.48% |