Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years (ann.) | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | -0.22% | -5.50% | -14.45% | -14.20% | -12.27% | -16.37% | -0.48% | -9.47% | -3.97% | -3.25% |
| Market-price total return | -0.22% | -4.83% | -12.75% | -10.81% | -7.08% | -9.77% | +6.49% | -3.56% | +1.90% | +3.43% |
| NAV return | +2.12% | -4.97% | -12.08% | -11.91% | -12.00% | -13.57% | -2.62% | -8.75% | -3.94% | -2.01% |
| NAV total return | +2.12% | -4.32% | -10.34% | -8.44% | -6.80% | -6.75% | +4.12% | -2.88% | +1.89% | +4.92% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.11% | 0.08% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.12% | 0.09% | as above |
| Volatility, 5 years | 0.13% | 0.09% | as above |
| Maximum drawdown, 3 years | -15.48% | -13.26% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.24 | 0.06 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.34 | 0.08 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 1.72 | — | MUB (U.S. municipal bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.58 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for Nuveen Municipal High Income Opportunity Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.