NMHIX vs. AHMFX
Compare and contrast key facts about Neuberger Berman Municipal High Income Fund (NMHIX) and American High-Income Municipal Bond Fund Class F-2 (AHMFX).
NMHIX is managed by Neuberger Berman. It was launched on Jun 21, 2015. AHMFX is an actively managed fund by Capital Group. It was launched on Aug 1, 2008.
Performance
NMHIX vs. AHMFX - Performance Comparison
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NMHIX vs. AHMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMHIX Neuberger Berman Municipal High Income Fund | 0.01% | 3.56% | 6.27% | 4.34% | -14.26% | 4.90% | 4.04% | 8.28% | 2.19% | 8.75% |
AHMFX American High-Income Municipal Bond Fund Class F-2 | -0.15% | 6.03% | 6.45% | 7.04% | -12.44% | 5.49% | 4.61% | 9.12% | 1.80% | 9.09% |
Returns By Period
In the year-to-date period, NMHIX achieves a 0.01% return, which is significantly higher than AHMFX's -0.15% return. Over the past 10 years, NMHIX has underperformed AHMFX with an annualized return of 2.37%, while AHMFX has yielded a comparatively higher 3.42% annualized return.
NMHIX
- 1D
- 0.43%
- 1M
- -1.79%
- YTD
- 0.01%
- 6M
- 1.44%
- 1Y
- 3.56%
- 3Y*
- 4.19%
- 5Y*
- 0.45%
- 10Y*
- 2.37%
AHMFX
- 1D
- 0.33%
- 1M
- -2.06%
- YTD
- -0.15%
- 6M
- 1.48%
- 1Y
- 4.18%
- 3Y*
- 5.55%
- 5Y*
- 1.86%
- 10Y*
- 3.42%
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NMHIX vs. AHMFX - Expense Ratio Comparison
NMHIX has a 0.52% expense ratio, which is higher than AHMFX's 0.42% expense ratio.
Return for Risk
NMHIX vs. AHMFX — Risk / Return Rank
NMHIX
AHMFX
NMHIX vs. AHMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Municipal High Income Fund (NMHIX) and American High-Income Municipal Bond Fund Class F-2 (AHMFX). 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.
| NMHIX | AHMFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 0.71 | +0.04 |
Sortino ratioReturn per unit of downside risk | 1.02 | 0.97 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.83 | 0.99 | -0.16 |
Martin ratioReturn relative to average drawdown | 2.48 | 3.25 | -0.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NMHIX | AHMFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.71 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.39 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.76 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 1.52 | -0.98 |
Correlation
The correlation between NMHIX and AHMFX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
NMHIX vs. AHMFX - Dividend Comparison
NMHIX's dividend yield for the trailing twelve months is around 3.69%, less than AHMFX's 4.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMHIX Neuberger Berman Municipal High Income Fund | 3.69% | 3.98% | 3.81% | 3.11% | 2.43% | 2.74% | 2.90% | 3.36% | 3.64% | 3.44% | 4.42% | 0.00% |
AHMFX American High-Income Municipal Bond Fund Class F-2 | 4.25% | 5.58% | 4.04% | 2.97% | 2.71% | 3.44% | 3.60% | 3.68% | 3.88% | 4.19% | 3.74% | 4.19% |
Drawdowns
NMHIX vs. AHMFX - Drawdown Comparison
The maximum NMHIX drawdown since its inception was -19.38%, which is greater than AHMFX's maximum drawdown of -17.65%. Use the drawdown chart below to compare losses from any high point for NMHIX and AHMFX.
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Drawdown Indicators
| NMHIX | AHMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.38% | -17.65% | -1.73% |
Max Drawdown (1Y)Largest decline over 1 year | -5.40% | -5.60% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -19.38% | -17.65% | -1.73% |
Max Drawdown (10Y)Largest decline over 10 years | -19.38% | -17.65% | -1.73% |
Current DrawdownCurrent decline from peak | -2.10% | -2.38% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -2.38% | -2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 1.70% | +0.10% |
Volatility
NMHIX vs. AHMFX - Volatility Comparison
Neuberger Berman Municipal High Income Fund (NMHIX) and American High-Income Municipal Bond Fund Class F-2 (AHMFX) have volatilities of 1.17% and 1.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMHIX | AHMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.15% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 1.88% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.37% | 6.45% | -1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.59% | 4.82% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.70% | 4.53% | +0.17% |