NBSRX vs. NMHIX

Last updated Aug 5, 2026

NBSRX (Neuberger Berman Sustainable Equity Fund) and NMHIX (Neuberger Berman Municipal High Income Fund) are both mutual funds - NBSRX is a Large Cap Blend Equities fund managed by Neuberger Berman, while NMHIX is a High Yield Muni fund managed by Neuberger Berman. Their 0.02 correlation means their historical movements had little consistent relationship. NBSRX charges 0.85%/yr vs 0.52%/yr for NMHIX.

Performance

NBSRX vs. NMHIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Sustainable Equity Fund (NBSRX) and Neuberger Berman Municipal High Income Fund (NMHIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NBSRX

• 1D: 1.82%
• 1M: -0.43%
• 6M: 11.38%
• YTD: 15.68%
• 1Y: 29.24%
• 3Y*: 24.18%
• 5Y*: 13.68%
• 10Y*: 14.35%
• ALL TIME*: 10.68%

NMHIX

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NBSRX Neuberger Berman Sustainable Equity Fund	$0.00	$0.00	$0.00

NBSRX vs. NMHIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NBSRX Neuberger Berman Sustainable Equity Fund	15.68%	17.37%	28.23%	26.76%	-18.81%	23.30%	19.35%	25.95%	-6.00%	18.84%
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%	8.75%

Correlation

The correlation between NBSRX and NMHIX is 0.15, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.15
Correlation (3Y) Balances recent behavior with more history.	0.11
Correlation (5Y) Shows whether the relationship held over a longer period.	0.12
Correlation (10Y) Provides a long-term view across more market conditions.	0.04
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.02

The correlation between NBSRX and NMHIX shifts across timeframes, from 0.02 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

NBSRX vs. NMHIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NBSRX

NBSRX Risk / Return Rank: 82
NBSRX Sharpe Ratio Rank: 82
NBSRX Sortino Ratio Rank: 84
NBSRX Omega Ratio Rank: 78
NBSRX Calmar Ratio Rank: 83
NBSRX Martin Ratio Rank: 85

NMHIX

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NBSRX vs. NMHIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Sustainable Equity Fund (NBSRX) 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.

	NBSRX	NMHIX	Difference
Sharpe ratio: Return per unit of total volatility	2.02	—	—
Sortino ratio: Return per unit of downside risk	3.01	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.06	—	—
Martin ratio: Return relative to average drawdown	11.58	—	—

Drawdowns

Drawdown Indicators

	NBSRX	NMHIX	Difference
Max Drawdown Largest peak-to-trough decline	-53.74%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.03%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.28%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.39%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.07%	—	—
Current Drawdown Current decline from peak	-2.00%	—	—
Average Drawdown Average peak-to-trough decline	-7.04%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	—	—

Volatility

Volatility by Period

	NBSRX	NMHIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.02%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.94%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.16%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.48%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.55%	—	—

NBSRX vs. NMHIX - Expense Ratio Comparison

NBSRX has a 0.85% expense ratio, which is higher than NMHIX's 0.52% expense ratio.

Dividends

NBSRX vs. NMHIX - Dividend Comparison

NBSRX's dividend yield for the trailing twelve months is around 2.03%, less than NMHIX's 3.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NBSRX Neuberger Berman Sustainable Equity Fund	2.03%	2.35%	5.88%	9.72%	10.06%	10.35%	6.16%	9.08%	10.03%	6.14%	4.53%	6.40%
NMHIX Neuberger Berman Municipal High Income Fund	3.46%	3.98%	3.81%	3.11%	2.43%	2.74%	2.90%	3.36%	3.64%	3.44%	4.42%	0.00%

Frequently Asked Questions

Can I hold both NBSRX and NMHIX in my portfolio?

NBSRX and NMHIX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.