NHS vs. ICMUX
NHS (Neuberger Berman High Yield Strategies Fund) and ICMUX (Intrepid Income Fund) are both mutual funds - NHS is a High Yield Bonds fund actively managed by Neuberger Berman, while ICMUX is a Multisector Bonds fund actively managed by Intrepid. Both are actively managed. Over the past 10 years, NHS returned 4.94%/yr vs 5.73%/yr for ICMUX. Their 0.29 correlation means their historical movements had little consistent relationship. NHS charges 4.14%/yr vs 1.01%/yr for ICMUX.
Performance
NHS vs. ICMUX - Performance Comparison
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Returns By Period
In the year-to-date period, NHS achieves a -10.96% return, which is significantly lower than ICMUX's 2.85% return. Over the past 10 years, NHS has underperformed ICMUX with an annualized return of 4.94%, while ICMUX has yielded a comparatively higher 5.73% annualized return.
NHS
- 1D
- -0.50%
- 1M
- -1.95%
- 6M
- -13.90%
- YTD
- -10.96%
- 1Y
- -4.46%
- 3Y*
- 6.46%
- 5Y*
- -1.45%
- 10Y*
- 4.94%
- ALL TIME*
- 6.78%
ICMUX
- 1D
- 0.11%
- 1M
- 0.34%
- 6M
- 2.35%
- YTD
- 2.85%
- 1Y
- 6.60%
- 3Y*
- 8.93%
- 5Y*
- 6.14%
- 10Y*
- 5.73%
- ALL TIME*
- 4.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ICMUX Intrepid Income Fund | $0.00 | $0.00 | $0.00 |
| $1.10M | $992.56K | $1.32M |
NHS vs. ICMUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NHS Neuberger Berman High Yield Strategies Fund | -10.96% | 14.81% | 11.04% | 6.12% | -22.99% | 15.78% | 4.57% | 39.03% | -11.45% | 8.64% |
ICMUX Intrepid Income Fund | 2.85% | 8.16% | 10.43% | 10.90% | -3.17% | 10.02% | 8.77% | 4.65% | 0.53% | 3.79% |
Correlation
The correlation between NHS and ICMUX is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2010 | 0.29 |
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Return for Risk
NHS vs. ICMUX — Risk / Return Rank
NHS
ICMUX
NHS vs. ICMUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman High Yield Strategies Fund (NHS) and Intrepid Income Fund (ICMUX). 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.
| NHS | ICMUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.72 | ||
| Sortino ratioReturn per unit of downside risk | -5.89 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.79 | -0.84 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 4.83 | -5.12 |
| Martin ratioReturn relative to average drawdown | -0.54 | 16.75 | -17.29 |
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Drawdowns
NHS vs. ICMUX - Drawdown Comparison
The maximum NHS drawdown since its inception was -64.67%, which is greater than ICMUX's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for NHS and ICMUX.
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Drawdown Indicators
| NHS | ICMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.67% | -8.77% | -55.90% |
Max Drawdown (1Y)Largest decline over 1 year | -17.01% | -1.34% | -15.67% |
Max Drawdown (3Y)Largest decline over 3 years | -17.01% | -3.11% | -13.90% |
Max Drawdown (5Y)Largest decline over 5 years | -37.43% | -5.64% | -31.79% |
Max Drawdown (10Y)Largest decline over 10 years | -42.97% | -8.77% | -34.20% |
Current DrawdownCurrent decline from peak | -16.34% | -0.11% | -16.23% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -0.73% | -8.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.05% | 0.39% | +8.66% |
Volatility
NHS vs. ICMUX - Volatility Comparison
Neuberger Berman High Yield Strategies Fund (NHS) has a higher volatility of 2.54% compared to Intrepid Income Fund (ICMUX) at 0.48%. This indicates that NHS's price experiences larger fluctuations and is considered to be riskier than ICMUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NHS | ICMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 0.48% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.64% | 1.45% | +8.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 1.94% | +10.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 2.65% | +13.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.69% | 2.57% | +14.12% |
NHS vs. ICMUX - Expense Ratio Comparison
NHS has a 4.14% expense ratio, which is higher than ICMUX's 1.01% expense ratio.
Dividends
NHS vs. ICMUX - Dividend Comparison
NHS's dividend yield for the trailing twelve months is around 18.04%, more than ICMUX's 6.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICMUX Intrepid Income Fund | 6.89% | 7.96% | 7.85% | 9.10% | 8.17% | 5.99% | 5.56% | 3.35% | 3.07% | 2.86% | 3.01% | 3.53% |
NHS Neuberger Berman High Yield Strategies Fund | 18.04% | 14.60% | 14.50% | 13.94% | 12.75% | 8.74% | 9.29% | 7.99% | 8.37% | 7.59% | 8.23% | 9.81% |
Frequently Asked Questions
NHS and ICMUX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NHS has higher volatility (2.54%) compared to ICMUX (0.48%). In terms of maximum drawdown, NHS dropped -64.67% vs ICMUX's -8.77%.
ICMUX currently has the higher Sharpe Ratio (3.34 vs -0.38), 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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