HIMFX vs. NMHIX

Last updated Jun 25, 2026

HIMFX (American High-Income Municipal Bond Fund Class F-3) and NMHIX (Neuberger Berman Municipal High Income Fund) are both High Yield Muni funds. Their correlation of 0.87 suggests significant overlap in exposure. HIMFX charges 0.31%/yr vs 0.52%/yr for NMHIX.

Performance

HIMFX vs. NMHIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American High-Income Municipal Bond Fund Class F-3 (HIMFX) and Neuberger Berman Municipal High Income Fund (NMHIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HIMFX

• 1D: 0.06%
• 1M: 1.86%
• YTD: 2.57%
• 6M: 3.09%
• 1Y: 8.47%
• 3Y*: 5.85%
• 5Y*: 1.75%
• 10Y*: —

NMHIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HIMFX vs. NMHIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HIMFX American High-Income Municipal Bond Fund Class F-3	2.57%	4.69%	6.23%	7.89%	-12.36%	5.60%	4.74%	8.92%	1.91%	8.22%
NMHIX Neuberger Berman Municipal High Income Fund	0.48%	3.56%	6.27%	4.34%	-14.26%	4.90%	4.04%	8.28%	2.19%	7.76%

Correlation

The correlation between HIMFX and NMHIX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.87

The correlation between HIMFX and NMHIX has been stable across timeframes, ranging from 0.80 to 0.90 - a consistent structural relationship.

Return for Risk

HIMFX vs. NMHIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HIMFX

HIMFX Risk / Return Rank: 82
HIMFX Sharpe Ratio Rank: 91
HIMFX Sortino Ratio Rank: 94
HIMFX Omega Ratio Rank: 93
HIMFX Calmar Ratio Rank: 71
HIMFX Martin Ratio Rank: 59

NMHIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HIMFX vs. NMHIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American High-Income Municipal Bond Fund Class F-3 (HIMFX) and Neuberger Berman Municipal High Income Fund (NMHIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HIMFX	NMHIX	Difference
Sharpe ratio: Return per unit of total volatility	2.72	—	—
Sortino ratio: Return per unit of downside risk	4.46	—	—
Omega ratio: Gain probability vs. loss probability	1.66	—	—
Calmar ratio: Return relative to maximum drawdown	3.00	—	—
Martin ratio: Return relative to average drawdown	10.78	—	—

Drawdowns

Drawdown Indicators

	HIMFX	NMHIX	Difference
Max Drawdown Largest peak-to-trough decline	-17.57%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.76%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.17%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.57%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-3.15%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	—	—

Volatility

Volatility by Period

	HIMFX	NMHIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.22%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.05%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.82%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.59%	—	—

HIMFX vs. NMHIX - Expense Ratio Comparison

HIMFX has a 0.31% expense ratio, which is lower than NMHIX's 0.52% expense ratio.

Dividends

HIMFX vs. NMHIX - Dividend Comparison

HIMFX's dividend yield for the trailing twelve months is around 4.22%, more than NMHIX's 4.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HIMFX American High-Income Municipal Bond Fund Class F-3	4.22%	4.32%	3.83%	3.71%	2.80%	3.54%	3.73%	3.49%	3.99%	3.61%	0.00%
NMHIX Neuberger Berman Municipal High Income Fund	4.16%	3.98%	3.81%	3.11%	2.43%	2.74%	2.90%	3.36%	3.64%	3.44%	4.42%

Frequently Asked Questions

Can I hold both HIMFX and NMHIX in my portfolio?

HIMFX and NMHIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.