NMANX vs. NMUIX
NMANX (Neuberger Berman Mid Cap Growth Fund) and NMUIX (Neuberger Berman Municipal Intermediate Bond Fund) are both mutual funds - NMANX is a Mid Cap Growth Equities fund managed by Neuberger Berman, while NMUIX is a Municipal Bonds fund managed by Neuberger Berman. Over the past 10 years, NMANX returned 11.47%/yr vs 1.58%/yr for NMUIX. Their -0.01 correlation means they have often moved in opposite directions in the past. NMANX charges 0.83%/yr vs 0.45%/yr for NMUIX.
Performance
NMANX vs. NMUIX - Performance Comparison
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Returns By Period
In the year-to-date period, NMANX achieves a 4.43% return, which is significantly higher than NMUIX's 0.51% return. Over the past 10 years, NMANX has outperformed NMUIX with an annualized return of 11.47%, while NMUIX has yielded a comparatively lower 1.58% annualized return.
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%
NMUIX
- 1D
- 0.00%
- 1M
- -1.61%
- 6M
- -0.44%
- YTD
- 0.51%
- 1Y
- 3.77%
- 3Y*
- 3.76%
- 5Y*
- 0.36%
- 10Y*
- 1.58%
- ALL TIME*
- 3.63%
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 |
NMANX vs. NMUIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
NMUIX Neuberger Berman Municipal Intermediate Bond Fund | 0.51% | 5.31% | 2.19% | 5.14% | -9.87% | 1.46% | 3.82% | 6.76% | 0.94% | 3.93% |
Correlation
The correlation between NMANX and NMUIX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
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 Jul 9, 1987 | -0.01 |
The correlation between NMANX and NMUIX shifts across timeframes, from -0.01 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NMANX vs. NMUIX — Risk / Return Rank
NMANX
NMUIX
NMANX vs. NMUIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Mid Cap Growth Fund (NMANX) and Neuberger Berman Municipal Intermediate Bond Fund (NMUIX). 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.
| NMANX | NMUIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.42 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.00 | 1.63 | -1.63 |
| Martin ratioReturn relative to average drawdown | -0.01 | 5.09 | -5.10 |
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Drawdowns
NMANX vs. NMUIX - Drawdown Comparison
The maximum NMANX drawdown since its inception was -72.14%, which is greater than NMUIX's maximum drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for NMANX and NMUIX.
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Drawdown Indicators
| NMANX | NMUIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.14% | -13.85% | -58.29% |
Max Drawdown (1Y)Largest decline over 1 year | -17.71% | -2.40% | -15.31% |
Max Drawdown (3Y)Largest decline over 3 years | -25.93% | -3.66% | -22.27% |
Max Drawdown (5Y)Largest decline over 5 years | -38.10% | -13.71% | -24.39% |
Max Drawdown (10Y)Largest decline over 10 years | -38.10% | -13.85% | -24.25% |
Current DrawdownCurrent decline from peak | -6.70% | -1.61% | -5.09% |
Average DrawdownAverage peak-to-trough decline | -17.36% | -1.62% | -15.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.44% | 0.76% | +5.68% |
Volatility
NMANX vs. NMUIX - Volatility Comparison
Neuberger Berman Mid Cap Growth Fund (NMANX) has a higher volatility of 5.35% compared to Neuberger Berman Municipal Intermediate Bond Fund (NMUIX) at 0.71%. This indicates that NMANX's price experiences larger fluctuations and is considered to be riskier than NMUIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMANX | NMUIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 0.71% | +4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 17.44% | 1.89% | +15.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.15% | 2.24% | +19.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.51% | 3.21% | +20.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.59% | 3.43% | +19.16% |
NMANX vs. NMUIX - Expense Ratio Comparison
NMANX has a 0.83% expense ratio, which is higher than NMUIX's 0.45% expense ratio.
Dividends
NMANX vs. NMUIX - Dividend Comparison
NMANX's dividend yield for the trailing twelve months is around 22.11%, more than NMUIX's 2.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NMUIX Neuberger Berman Municipal Intermediate Bond Fund | 2.72% | 3.75% | 3.17% | 2.03% | 1.58% | 2.37% | 2.32% | 2.80% | 2.38% | 2.31% | 2.65% | 2.54% |
Frequently Asked Questions
NMANX and NMUIX have a correlation of 0.23, 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 NMUIX (0.71%). In terms of maximum drawdown, NMANX dropped -72.14% vs NMUIX's -13.85%.
NMUIX currently has the higher Sharpe Ratio (1.74 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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