NBH vs. BLE

Last updated Apr 1, 2026

Compare and contrast key facts about Neuberger Berman Municipal Fund Inc. (NBH) and BlackRock Municipal Income Trust II (BLE).

Performance

NBH vs. BLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Municipal Fund Inc. (NBH) and BlackRock Municipal Income Trust II (BLE). The values are adjusted to include any dividend payments, if applicable.

NBH vs. BLE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NBH Neuberger Berman Municipal Fund Inc.	1.89%	4.23%	5.33%	3.99%	-28.15%	5.61%	3.79%	28.02%	-9.41%	-4.01%
BLE BlackRock Municipal Income Trust II	2.00%	5.82%	4.29%	7.84%	-28.11%	3.00%	7.08%	22.87%	-5.53%	5.07%

Fundamentals

Market Cap NBH : $300.62M BLE : $503.04M
EPS NBH : $1.90 BLE : -$0.17
PS Ratio NBH : 10.40 BLE : 7.79
PB Ratio NBH : 0.89 BLE : 0.98
Total Revenue (TTM) NBH : $28.91M BLE : $64.54M
Gross Profit (TTM) NBH : $8.94M BLE : $66.02M
EBITDA (TTM) NBH : $75.44M BLE : $22.02M

Returns By Period

NBH

• 1D: 3.40%
• 1M: -2.89%
• YTD: 1.89%
• 6M: 1.52%
• 1Y: 4.08%
• 3Y*: 3.05%
• 5Y*: -3.83%
• 10Y*: 0.71%

BLE

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

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

Return for Risk

NBH vs. BLE — Risk / Return Rank

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

NBH

NBH Risk / Return Rank: 52
NBH Sharpe Ratio Rank: 56
NBH Sortino Ratio Rank: 45
NBH Omega Ratio Rank: 46
NBH Calmar Ratio Rank: 56
NBH Martin Ratio Rank: 56

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.

NBH vs. BLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Municipal Fund Inc. (NBH) and BlackRock Municipal Income Trust II (BLE). 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.

	NBH	BLE	Difference
Sharpe ratio Return per unit of total volatility	0.39	—	—
Sortino ratio Return per unit of downside risk	0.62	—	—
Omega ratio Gain probability vs. loss probability	1.09	—	—
Calmar ratio Return relative to maximum drawdown	0.62	—	—
Martin ratio Return relative to average drawdown	1.40	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NBH	BLE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.27	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	—	—

Correlation

The correlation between NBH and BLE is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NBH vs. BLE - Dividend Comparison

NBH's dividend yield for the trailing twelve months is around 6.40%, more than BLE's 5.64% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NBH Neuberger Berman Municipal Fund Inc.	6.40%	6.42%	5.33%	4.50%	6.14%	4.89%	4.93%	4.86%	6.04%	5.53%	5.54%	5.73%
BLE BlackRock Municipal Income Trust II	5.64%	6.21%	5.99%	4.05%	5.92%	4.93%	4.65%	4.60%	5.72%	5.94%	6.28%	6.19%

Drawdowns

Drawdown Indicators

	NBH	BLE	Difference
Max Drawdown Largest peak-to-trough decline	-43.51%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-43.51%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-43.51%	—	—
Current Drawdown Current decline from peak	-24.96%	—	—
Average Drawdown Average peak-to-trough decline	-9.91%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	—	—

Volatility

Volatility by Period

	NBH	BLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.36%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.42%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.31%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.75%	—	—

Financials