NMI vs SBIO
Nuveen Municipal Income Fund Inc. vs ALPS Medical Breakthroughs ETF
Quick Verdict
SBIO has a lower expense ratio. SBIO delivered stronger 1-year returns. SBIO offers more diversification with 105 holdings.
Side-by-Side Comparison
| Metric | NMI | SBIO | Winner |
|---|---|---|---|
| Expense Ratio | 0.73% | 0.50% | |
| AUM | - | $202M | |
| Dividend Yield | 4.57% | 4.05% | |
| Holdings | 220 | 87 | |
| YTD Return | +11.00% | +35.11% | |
| 1Y Return | +14.29% | +101.30% | |
| 3Y Return (annualized) | +9.76% | +32.81% | |
| 5Y Return (annualized) | +2.10% | +9.88% | |
| Volatility (annualized) | 11.0% | 29.6% | |
| Max Drawdown | -34.4% | -63.1% | |
| Fund Family | Nuveen | ALPS Advisors | |
| Category | Tax Preferred | Equity | |
| Inception | Apr 20, 1988 | Dec 30, 2014 |
NMI vs SBIO Performance
Nuveen Municipal Income Fund Inc. (NMI) is a ETF from Nuveen and ALPS Medical Breakthroughs ETF (SBIO) is a ETF from ALPS Advisors. Over the past year NMI returned +14.29% while SBIO returned +101.30%. Year to date, NMI is up 11.00% versus a gain of 35.11% for SBIO.
Over three years, NMI compounded at +9.76% per year against +32.81% for SBIO; over five years the annualized figures are +2.10% and +9.88% respectively. Across the full 12-year window we track, SBIO has the edge at +9.81% annualized vs +0.37%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SBIO has been the more volatile fund, with annualized monthly volatility of 29.6% compared with 11.0% for NMI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -34.4% for NMI and -63.1% for SBIO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.09. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NMI charges 0.73% per year while SBIO charges 0.50%. On a $10,000 position that is $73 vs $50 annually, a gap of $23 per year that compounds over a long holding period. On income, NMI currently yields 4.57% against 4.05% for SBIO.
Holdings Overlap
NMI and SBIO share 0 holdings out of 200 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NMI or SBIO?
NMI has an expense ratio of 0.73% while SBIO charges 0.50%. SBIO is the cheaper option. On a $10,000 investment, that is $23 per year of difference.
Which performed better, NMI or SBIO?
Over the past year NMI returned +14.29% vs +101.30% for SBIO, so SBIO leads on 1-year performance. Over the longest common window we track (12 years), NMI annualized +0.37% vs +9.81% for SBIO. Past performance does not guarantee future results.
Which is riskier, NMI or SBIO?
SBIO has been the more volatile fund at 29.6% annualized versus 11.0% for NMI. Worst drawdown: NMI -34.4% vs SBIO -63.1%.
Should I hold both NMI and SBIO?
NMI and SBIO have a monthly-return correlation of 0.09, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NMI and SBIO?
NMI and SBIO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 200 unique securities.
Which pays a higher dividend, NMI or SBIO?
NMI yields 4.57% while SBIO yields 4.05%, so NMI currently pays the higher dividend yield.
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