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Neuberger Berman Municipal High Income Fund (NMHIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The fund normally invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of municipal issuers that provide interest income that is exempt from federal income tax and other investments that provide investment exposure to such securities; however, the fund may invest without limit in municipal securities the interest on which may be a Tax Preference Item.

Looking to diversify beyond NMHIX? The mutual funds below have the lowest correlation with NMHIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NMHIX.

Best Diversifiers for NMHIX

4 mutual funds have low correlation with NMHIX (below 0.3), 1 of which are negatively correlated. The least correlated is Neuberger Berman MLP (NML) (MLPs) with a 1Y correlation of -0.07, down from 0.06 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NML
Neuberger Berman MLP-0.070.080.06
54
MLPs, Energy EquitiesNMHIX vs NML
NBSRX
Neuberger Berman Sustainable Equity Fund0.130.130.12
78
Large Cap Blend EquitiesNMHIX vs NBSRX
NINLX
Neuberger Berman Intrinsic Value Fund0.130.140.10
84
Small Cap Blend EquitiesNMHIX vs NINLX
NPRTX
Neuberger Berman Large Cap Value Fund0.140.160.10
94
Large Cap Value EquitiesNMHIX vs NPRTX
NVHIX
Nuveen Short Duration High Yield Municipal Bond Fu...0.580.690.69
76
High Yield MuniNMHIX vs NVHIX
See all 45 diversifiers for NMHIX

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