NBH vs. NVG
NBH (Neuberger Berman Municipal Fund Inc.) and NVG (Nuveen AMT-Free Municipal Credit Income Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, NBH returned 0.62%/yr vs 3.56%/yr for NVG. At a 0.36 correlation, their price movements are largely independent.
Performance
NBH vs. NVG - Performance Comparison
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Returns By Period
In the year-to-date period, NBH achieves a 5.85% return, which is significantly higher than NVG's 4.59% return. Over the past 10 years, NBH has underperformed NVG with an annualized return of 0.62%, while NVG has yielded a comparatively higher 3.56% annualized return.
NBH
- 1D
- 0.68%
- 1M
- 0.42%
- 6M
- 3.80%
- YTD
- 5.85%
- 1Y
- 12.31%
- 3Y*
- 5.89%
- 5Y*
- -3.23%
- 10Y*
- 0.62%
NVG
- 1D
- -0.08%
- 1M
- 1.42%
- 6M
- 3.44%
- YTD
- 4.59%
- 1Y
- 15.45%
- 3Y*
- 10.39%
- 5Y*
- -0.59%
- 10Y*
- 3.56%
NBH vs. NVG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NBH Neuberger Berman Municipal Fund Inc. | 5.85% | 4.23% | 5.33% | 3.99% | -28.15% | 5.61% | 3.79% | 28.02% | -9.41% | -4.01% |
NVG Nuveen AMT-Free Municipal Credit Income Fund | 4.59% | 11.61% | 10.79% | 1.94% | -28.47% | 12.14% | 6.40% | 25.63% | -4.03% | 13.19% |
Correlation
The correlation between NBH and NVG is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2002 | 0.36 |
The correlation between NBH and NVG shifts across timeframes, from 0.36 (all time) to 0.57 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
NBH:
$307.44M
NVG:
$2.75B
NBH:
$0.73
NVG:
$1.09
NBH:
14.30
NVG:
11.68
NBH:
0.02
NVG:
0.02
NBH:
8.07
NVG:
5.98
NBH:
0.92
NVG:
1.01
NBH:
$38.09M
NVG:
$457.21M
NBH:
$31.20M
NVG:
$400.60M
NBH:
$39.97M
NVG:
$440.83M
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Return for Risk
NBH vs. NVG — Risk / Return Rank
NBH
NVG
NBH vs. NVG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Municipal Fund Inc. (NBH) and Nuveen AMT-Free Municipal Credit Income Fund (NVG). 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.
| NBH | NVG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.28 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.49 | +0.26 |
| Martin ratioReturn relative to average drawdown | 7.11 | 4.72 | +2.39 |
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Drawdowns
NBH vs. NVG - Drawdown Comparison
The maximum NBH drawdown since its inception was -43.51%, roughly equal to the maximum NVG drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for NBH and NVG.
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Drawdown Indicators
| NBH | NVG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.51% | -41.72% | -1.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.06% | -10.44% | +3.38% |
Max Drawdown (3Y)Largest decline over 3 years | -14.38% | -17.22% | +2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -43.51% | -40.58% | -2.93% |
Max Drawdown (10Y)Largest decline over 10 years | -43.51% | -40.58% | -2.93% |
Current DrawdownCurrent decline from peak | -22.05% | -5.70% | -16.35% |
Average DrawdownAverage peak-to-trough decline | -10.06% | -7.91% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 3.28% | -1.55% |
Volatility
NBH vs. NVG - Volatility Comparison
Neuberger Berman Municipal Fund Inc. (NBH) has a higher volatility of 2.46% compared to Nuveen AMT-Free Municipal Credit Income Fund (NVG) at 1.88%. This indicates that NBH's price experiences larger fluctuations and is considered to be riskier than NVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NBH | NVG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.46% | 1.88% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 8.88% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.60% | 10.57% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.93% | 13.08% | +0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 12.88% | +2.88% |
Dividends
NBH vs. NVG - Dividend Comparison
NBH's dividend yield for the trailing twelve months is around 6.26%, less than NVG's 7.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NBH Neuberger Berman Municipal Fund Inc. | 6.26% | 6.42% | 5.33% | 4.50% | 6.14% | 4.89% | 4.93% | 4.86% | 6.04% | 5.53% | 5.54% | 5.73% |
NVG Nuveen AMT-Free Municipal Credit Income Fund | 7.43% | 7.49% | 6.74% | 4.45% | 6.18% | 4.69% | 5.24% | 4.94% | 6.07% | 5.67% | 6.17% | 5.46% |
Financials
NBH vs. NVG - Financials Comparison
This section allows you to compare key financial metrics between Neuberger Berman Municipal Fund Inc. and Nuveen AMT-Free Municipal Credit Income Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NBH vs. NVG - Profitability Comparison
NBH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Neuberger Berman Municipal Fund Inc. reported a gross profit of 11.54M and revenue of 13.13M. Therefore, the gross margin over that period was 87.9%.
NVG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Nuveen AMT-Free Municipal Credit Income Fund reported a gross profit of 100.36M and revenue of 114.86M. Therefore, the gross margin over that period was 87.4%.
NBH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Neuberger Berman Municipal Fund Inc. reported an operating income of 8.51M and revenue of 13.13M, resulting in an operating margin of 64.8%.
NVG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Nuveen AMT-Free Municipal Credit Income Fund reported an operating income of 67.53M and revenue of 114.86M, resulting in an operating margin of 58.8%.
NBH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Neuberger Berman Municipal Fund Inc. reported a net income of 4.27M and revenue of 13.13M, resulting in a net margin of 32.6%.
NVG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Nuveen AMT-Free Municipal Credit Income Fund reported a net income of 35.82M and revenue of 114.86M, resulting in a net margin of 31.2%.
Frequently Asked Questions
NBH and NVG have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBH has higher volatility (2.46%) compared to NVG (1.88%). In terms of maximum drawdown, NBH dropped -43.51% vs NVG's -41.72%.
NVG currently has the higher Sharpe Ratio (1.47 vs 1.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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