NMHIX vs. AHYMX

Last updated Aug 1, 2026

NMHIX (Neuberger Berman Municipal High Income Fund) and AHYMX (abrdn Short Duration High Yield Municipal Fund) are both High Yield Muni funds. Their 0.71 correlation means they have sometimes moved together and sometimes differently. NMHIX charges 0.52%/yr vs 0.68%/yr for AHYMX.

Performance

NMHIX vs. AHYMX - Performance Comparison

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

Returns By Period

NMHIX

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

AHYMX

• 1D: 0.12%
• 1M: -1.11%
• 6M: 0.08%
• YTD: 0.62%
• 1Y: 4.05%
• 3Y*: 2.50%
• 5Y*: -0.19%
• 10Y*: 1.39%
• ALL TIME*: 2.25%

*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)
AHYMX abrdn Short Duration High Yield Municipal Fund	$0.00	$0.00	$0.00

NMHIX vs. AHYMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
AHYMX abrdn Short Duration High Yield Municipal Fund	0.62%	2.91%	4.07%	1.56%	-9.36%	4.06%	1.81%	5.23%	1.50%	4.19%

Correlation

The correlation between NMHIX and AHYMX is 0.58, 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.	0.58
Correlation (3Y) Balances recent behavior with more history.	0.72
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (10Y) Provides a long-term view across more market conditions.	0.72
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.71

The correlation between NMHIX and AHYMX shifts across timeframes, from 0.58 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

NMHIX vs. AHYMX — Risk / Return Rank

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

NMHIX

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

AHYMX

AHYMX Risk / Return Rank: 82
AHYMX Sharpe Ratio Rank: 81
AHYMX Sortino Ratio Rank: 85
AHYMX Omega Ratio Rank: 87
AHYMX Calmar Ratio Rank: 77
AHYMX Martin Ratio Rank: 77

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.

NMHIX vs. AHYMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Municipal High Income Fund (NMHIX) and abrdn Short Duration High Yield Municipal Fund (AHYMX). 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.

	NMHIX	AHYMX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.93	—
Sortino ratio: Return per unit of downside risk	—	3.06	—
Omega ratio: Gain probability vs. loss probability	—	1.45	—
Calmar ratio: Return relative to maximum drawdown	—	2.55	—
Martin ratio: Return relative to average drawdown	—	9.45	—

Drawdowns

Drawdown Indicators

	NMHIX	AHYMX	Difference
Max Drawdown Largest peak-to-trough decline	—	-11.53%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-1.98%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-11.53%	—
Current Drawdown Current decline from peak	—	-1.11%	—
Average Drawdown Average peak-to-trough decline	—	-2.47%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.53%	—

Volatility

Volatility by Period

	NMHIX	AHYMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	2.62%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	2.94%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	2.62%	—

NMHIX vs. AHYMX - Expense Ratio Comparison

NMHIX has a 0.52% expense ratio, which is lower than AHYMX's 0.68% expense ratio.

Dividends

NMHIX vs. AHYMX - Dividend Comparison

NMHIX's dividend yield for the trailing twelve months is around 3.46%, less than AHYMX's 4.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AHYMX abrdn Short Duration High Yield Municipal Fund	4.59%	4.52%	3.32%	2.21%	2.05%	2.31%	2.74%	3.10%	3.39%	2.82%	3.28%	3.43%
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 NMHIX and AHYMX in my portfolio?

NMHIX and AHYMX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.