Western Asset Managed Municipals Fund (MMU) vs Nuveen Municipal Credit Opportunities Fund (NMCO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Western Asset Managed Municipals Fund is the larger company by market cap ($500.4 million vs $498.6 million), about 1.0 times the size. On valuation, Western Asset Managed Municipals Fund trades at a lower trailing P/E (9.7x vs 17.8x for Nuveen Municipal Credit Opportunities Fund). Nuveen Municipal Credit Opportunities Fund offers the higher dividend yield (9.45% vs 7.10%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MMU | NMCO |
|---|---|---|
| Share price | $9.21 | $8.70 |
| Market cap | $500.44M | $498.58M |
| 1-day change | +2.91% | +2.23% |
| YTD return | — | -14.96% |
| 1-year return | — | -20.11% |
| 5-year return | — | -42.76% |
| P/E ratio (TTM) | 9.69 | 17.76 |
| EPS (TTM) | $0.95 | $0.49 |
| Dividend yield | 7.10% | 9.45% |
| Annual dividend | $0.654 | $0.822 |
| 52-week high | $10.71 | $11.00 |
| 52-week low | $8.71 | $8.33 |
| Distance from 52-week high | -14.01% | -20.91% |
| Analyst consensus | strong_buy | — |
| Average volume | 188.80K | 438.73K |
| Shares outstanding | 54.34M | 57.31M |
| Sector | Finance | Finance |
| Industry | Investment Managers | 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 Credit Opportunities Fund trades at a higher earnings multiple (17.8x vs 9.7x trailing P/E).
- Nuveen Municipal Credit Opportunities Fund offers a meaningfully higher dividend yield (9.45% vs 7.10%).
About Western Asset Managed Municipals Fund
MMU stock →Western Asset Managed Municipals Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC.
Finance · Investment Managers
MMU vs NMCO FAQ
Which is bigger, Western Asset Managed Municipals Fund or Nuveen Municipal Credit Opportunities Fund?
Western Asset Managed Municipals Fund (MMU) is larger, with a market capitalization of $500.44M compared with $498.58M for Nuveen Municipal Credit Opportunities Fund (NMCO).
Which has the lower P/E ratio, MMU or NMCO?
MMU has the lower trailing P/E at 9.7, versus 17.8 for NMCO. 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 Managed Municipals Fund or Nuveen Municipal Credit Opportunities Fund?
Nuveen Municipal Credit Opportunities Fund has the higher yield at 9.45%, compared with 7.10% for Western Asset Managed Municipals Fund.
Are Western Asset Managed Municipals Fund and Nuveen Municipal Credit Opportunities Fund in the same industry?
Both are in the Finance sector, but in different industries: Investment Managers for Western Asset Managed Municipals Fund and Finance/Investors Services for Nuveen Municipal Credit Opportunities Fund.