WMKMX vs. NMI
WMKMX (WesMark West Virginia Municipal Bond Fund) and NMI (Nuveen Municipal Income Fund, Inc.) are both Municipal Bonds funds. Over the past 10 years, WMKMX returned 1.19%/yr vs 2.05%/yr for NMI. At a 0.15 correlation, their price movements are largely independent. WMKMX charges 1.10%/yr vs 0.72%/yr for NMI.
Performance
WMKMX vs. NMI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WMKMX achieves a 1.20% return, which is significantly lower than NMI's 8.28% return. Over the past 10 years, WMKMX has underperformed NMI with an annualized return of 1.19%, while NMI has yielded a comparatively higher 2.05% annualized return.
WMKMX
- 1D
- 0.10%
- 1M
- 1.63%
- YTD
- 1.20%
- 6M
- 1.51%
- 1Y
- 7.32%
- 3Y*
- 3.22%
- 5Y*
- 0.40%
- 10Y*
- 1.19%
NMI
- 1D
- -4.54%
- 1M
- -1.62%
- YTD
- 8.28%
- 6M
- 8.01%
- 1Y
- 11.45%
- 3Y*
- 8.44%
- 5Y*
- 1.88%
- 10Y*
- 2.05%
WMKMX vs. NMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WMKMX WesMark West Virginia Municipal Bond Fund | 1.20% | 5.50% | -0.01% | 4.08% | -8.45% | 0.17% | 3.56% | 4.83% | 0.32% | 3.97% |
NMI Nuveen Municipal Income Fund, Inc. | 8.28% | 10.52% | 7.03% | 1.90% | -15.09% | 3.86% | 4.70% | 16.02% | -8.07% | 7.49% |
Correlation
The correlation between WMKMX and NMI is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 1997 | 0.15 |
The correlation between WMKMX and NMI shifts across timeframes, from 0.14 (1 year) to 0.30 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WMKMX vs. NMI — Risk / Return Rank
WMKMX
NMI
WMKMX vs. NMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WesMark West Virginia Municipal Bond Fund (WMKMX) 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.
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.
| WMKMX | NMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.18 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.05 | +1.11 |
| Martin ratioReturn relative to average drawdown | 7.00 | 2.46 | +4.54 |
Loading charts...
Drawdowns
WMKMX vs. NMI - Drawdown Comparison
The maximum WMKMX drawdown since its inception was -14.06%, smaller than the maximum NMI drawdown of -28.92%. Use the drawdown chart below to compare losses from any high point for WMKMX and NMI.
Loading charts...
Drawdown Indicators
| WMKMX | NMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.06% | -28.92% | +14.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -10.96% | +7.61% |
Max Drawdown (3Y)Largest decline over 3 years | -7.26% | -14.54% | +7.28% |
Max Drawdown (5Y)Largest decline over 5 years | -14.06% | -28.92% | +14.86% |
Max Drawdown (10Y)Largest decline over 10 years | -14.06% | -28.92% | +14.86% |
Current DrawdownCurrent decline from peak | -0.87% | -5.75% | +4.88% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -5.92% | +4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 4.67% | -3.64% |
Volatility
WMKMX vs. NMI - Volatility Comparison
The current volatility for WesMark West Virginia Municipal Bond Fund (WMKMX) is 0.76%, while Nuveen Municipal Income Fund, Inc. (NMI) has a volatility of 6.54%. This indicates that WMKMX 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.
Loading charts...
Volatility by Period
| WMKMX | NMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 6.54% | -5.78% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 14.35% | -12.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.95% | 16.70% | -13.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.26% | 14.66% | -10.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.62% | 15.01% | -11.39% |
WMKMX vs. NMI - Expense Ratio Comparison
WMKMX has a 1.10% expense ratio, which is higher than NMI's 0.72% expense ratio.
Dividends
WMKMX vs. NMI - Dividend Comparison
WMKMX's dividend yield for the trailing twelve months is around 2.32%, less than NMI's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMI Nuveen Municipal Income Fund, Inc. | 4.33% | 4.59% | 4.63% | 4.04% | 3.51% | 3.22% | 3.53% | 4.15% | 5.12% | 4.21% | 4.45% | 4.28% |
WMKMX WesMark West Virginia Municipal Bond Fund | 2.32% | 2.24% | 2.04% | 1.80% | 1.22% | 1.57% | 1.91% | 1.95% | 1.84% | 2.16% | 2.12% | 2.02% |
Frequently Asked Questions
WMKMX and NMI have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMI has higher volatility (6.54%) compared to WMKMX (0.76%). In terms of maximum drawdown, WMKMX dropped -14.06% vs NMI's -28.92%.
WMKMX currently has the higher Sharpe Ratio (2.45 vs 0.69), 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.
Find the right allocation for WMKMX and NMI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer