NHINX vs. NMANX
NHINX (Neuberger Berman High Income Bond Fund) and NMANX (Neuberger Berman Mid Cap Growth Fund) are both mutual funds - NHINX is a High Yield Bonds fund managed by Neuberger Berman, while NMANX is a Mid Cap Growth Equities fund managed by Neuberger Berman. Over the past 10 years, NHINX returned 4.18%/yr vs 11.47%/yr for NMANX. Their 0.27 correlation means their historical movements had little consistent relationship. NHINX charges 0.85%/yr vs 0.83%/yr for NMANX.
Performance
NHINX vs. NMANX - Performance Comparison
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Returns By Period
In the year-to-date period, NHINX achieves a 0.90% return, which is significantly lower than NMANX's 4.43% return. Over the past 10 years, NHINX has underperformed NMANX with an annualized return of 4.18%, while NMANX has yielded a comparatively higher 11.47% annualized return.
NHINX
- 1D
- 0.26%
- 1M
- -0.66%
- 6M
- 0.38%
- YTD
- 0.90%
- 1Y
- 4.17%
- 3Y*
- 7.49%
- 5Y*
- 2.72%
- 10Y*
- 4.18%
- ALL TIME*
- 5.73%
NMANX
- 1D
- 1.86%
- 1M
- -2.30%
- 6M
- 2.27%
- YTD
- 4.43%
- 1Y
- -2.37%
- 3Y*
- 13.09%
- 5Y*
- 2.78%
- 10Y*
- 11.47%
- ALL TIME*
- 10.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NHINX vs. NMANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NHINX Neuberger Berman High Income Bond Fund | 0.90% | 8.39% | 7.94% | 9.92% | -13.02% | 4.42% | 6.27% | 13.90% | -2.63% | 5.09% |
NMANX Neuberger Berman Mid Cap Growth Fund | 4.43% | 5.51% | 24.39% | 18.21% | -28.82% | 12.42% | 39.45% | 33.62% | -6.28% | 29.01% |
Correlation
The correlation between NHINX and NMANX is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 1992 | 0.27 |
Over the past year, NHINX and NMANX have become more correlated (0.52) than their long-term average of 0.27, meaning their price movements have been converging.
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Return for Risk
NHINX vs. NMANX — Risk / Return Rank
NHINX
NMANX
NHINX vs. NMANX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman High Income Bond Fund (NHINX) and Neuberger Berman Mid Cap Growth Fund (NMANX). 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.
| NHINX | NMANX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.02 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | -0.00 | +1.65 |
| Martin ratioReturn relative to average drawdown | 7.61 | -0.01 | +7.62 |
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Drawdowns
NHINX vs. NMANX - Drawdown Comparison
The maximum NHINX drawdown since its inception was -29.47%, smaller than the maximum NMANX drawdown of -72.14%. Use the drawdown chart below to compare losses from any high point for NHINX and NMANX.
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Drawdown Indicators
| NHINX | NMANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.47% | -72.14% | +42.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -17.71% | +14.99% |
Max Drawdown (3Y)Largest decline over 3 years | -3.89% | -25.93% | +22.04% |
Max Drawdown (5Y)Largest decline over 5 years | -16.38% | -38.10% | +21.72% |
Max Drawdown (10Y)Largest decline over 10 years | -22.85% | -38.10% | +15.25% |
Current DrawdownCurrent decline from peak | -0.79% | -6.70% | +5.91% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -17.36% | +13.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 6.44% | -5.85% |
Volatility
NHINX vs. NMANX - Volatility Comparison
The current volatility for Neuberger Berman High Income Bond Fund (NHINX) is 0.66%, while Neuberger Berman Mid Cap Growth Fund (NMANX) has a volatility of 5.35%. This indicates that NHINX experiences smaller price fluctuations and is considered to be less risky than NMANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NHINX | NMANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 5.35% | -4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 17.44% | -14.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 22.15% | -18.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.23% | 23.51% | -18.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.85% | 22.59% | -16.74% |
NHINX vs. NMANX - Expense Ratio Comparison
NHINX has a 0.85% expense ratio, which is higher than NMANX's 0.83% expense ratio.
Dividends
NHINX vs. NMANX - Dividend Comparison
NHINX's dividend yield for the trailing twelve months is around 5.87%, less than NMANX's 22.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NHINX Neuberger Berman High Income Bond Fund | 5.87% | 6.43% | 6.80% | 5.38% | 4.37% | 4.67% | 4.73% | 5.22% | 5.63% | 5.00% | 5.33% | 6.38% |
NMANX Neuberger Berman Mid Cap Growth Fund | 22.11% | 23.10% | 9.85% | 3.19% | 4.87% | 16.30% | 9.58% | 5.43% | 11.70% | 8.94% | 5.00% | 9.00% |
Frequently Asked Questions
NHINX and NMANX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMANX has higher volatility (5.35%) compared to NHINX (0.66%). In terms of maximum drawdown, NHINX dropped -29.47% vs NMANX's -72.14%.
NHINX currently has the higher Sharpe Ratio (1.33 vs -0.00), 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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