Western Asset Emerging Markets Debt Fund (EMD) vs Nuveen Municipal High Income Opportunity Fund (NMZ)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
On valuation, Western Asset Emerging Markets Debt Fund trades at a lower trailing P/E (5.9x vs 15.0x for Nuveen Municipal High Income Opportunity Fund). Western Asset Emerging Markets Debt Fund offers the higher dividend yield (12.36% vs 8.67%).
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | EMD | NMZ |
|---|---|---|
| Share price | $9.22 | $9.03 |
| Market cap | — | $1.94B |
| 1-day change | 0.00% | +0.78% |
| P/E ratio (TTM) | 5.87 | 15.05 |
| EPS (TTM) | $1.57 | $0.60 |
| Dividend yield | 12.36% | 8.67% |
| Annual dividend | $1.14 | $0.783 |
| 52-week high | $11.30 | $10.77 |
| 52-week low | $9.10 | $8.69 |
| Distance from 52-week high | -18.41% | -16.16% |
| Average volume | 197.59K | 962.85K |
| Shares outstanding | — | 215.37M |
| Sector | Finance | Finance |
| Industry | Finance/Investors Services | Finance/Investors Services |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Nuveen Municipal High Income Opportunity Fund trades at a higher earnings multiple (15.0x vs 5.9x trailing P/E).
- Western Asset Emerging Markets Debt Fund offers a meaningfully higher dividend yield (12.36% vs 8.67%).
About Nuveen Municipal High Income Opportunity Fund
NMZ stock →Nuveen Municipal High Income Opportunity Fund is a closed-end fixed income mutual fund launched by Nuveen Investments Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC.
Finance · Finance/Investors Services
EMD vs NMZ FAQ
Which has the lower P/E ratio, EMD or NMZ?
EMD has the lower trailing P/E at 5.9, versus 15.0 for NMZ. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Western Asset Emerging Markets Debt Fund or Nuveen Municipal High Income Opportunity Fund?
Western Asset Emerging Markets Debt Fund has the higher yield at 12.36%, compared with 8.67% for Nuveen Municipal High Income Opportunity Fund.
Are Western Asset Emerging Markets Debt Fund and Nuveen Municipal High Income Opportunity Fund in the same industry?
Yes. Both are classified in the Finance/Investors Services industry within the Finance sector.