NMHIX vs. HIMFX

Last updated Jun 24, 2026

NMHIX (Neuberger Berman Municipal High Income Fund) and HIMFX (American High-Income Municipal Bond Fund Class F-3) are both High Yield Muni funds. Their correlation of 0.87 suggests significant overlap in exposure. NMHIX charges 0.52%/yr vs 0.31%/yr for HIMFX.

Performance

NMHIX vs. HIMFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Municipal High Income Fund (NMHIX) and American High-Income Municipal Bond Fund Class F-3 (HIMFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NMHIX

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

HIMFX

• 1D: -0.06%
• 1M: 1.80%
• YTD: 2.51%
• 6M: 3.09%
• 1Y: 8.18%
• 3Y*: 5.82%
• 5Y*: 1.74%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NMHIX vs. HIMFX - 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%	7.76%
HIMFX American High-Income Municipal Bond Fund Class F-3	2.51%	4.69%	6.23%	7.89%	-12.36%	5.60%	4.74%	8.92%	1.91%	8.22%

Correlation

The correlation between NMHIX and HIMFX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.87

The correlation between NMHIX and HIMFX has been stable across timeframes, ranging from 0.81 to 0.90 - a consistent structural relationship.

Return for Risk

NMHIX vs. HIMFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

HIMFX

HIMFX Risk / Return Rank: 80
HIMFX Sharpe Ratio Rank: 90
HIMFX Sortino Ratio Rank: 94
HIMFX Omega Ratio Rank: 93
HIMFX Calmar Ratio Rank: 68
HIMFX Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NMHIX vs. HIMFX - 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-3 (HIMFX). 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	HIMFX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.74	—
Sortino ratio: Return per unit of downside risk	—	4.50	—
Omega ratio: Gain probability vs. loss probability	—	1.67	—
Calmar ratio: Return relative to maximum drawdown	—	3.03	—
Martin ratio: Return relative to average drawdown	—	10.88	—

Drawdowns

Drawdown Indicators

	NMHIX	HIMFX	Difference
Max Drawdown Largest peak-to-trough decline	—	-17.57%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.76%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.57%	—
Current Drawdown Current decline from peak	—	-0.06%	—
Average Drawdown Average peak-to-trough decline	—	-3.15%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.77%	—

Volatility

Volatility by Period

	NMHIX	HIMFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.05%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	4.82%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	4.59%	—

NMHIX vs. HIMFX - Expense Ratio Comparison

NMHIX has a 0.52% expense ratio, which is higher than HIMFX's 0.31% expense ratio.

Dividends

NMHIX vs. HIMFX - Dividend Comparison

NMHIX's dividend yield for the trailing twelve months is around 4.16%, less than HIMFX's 4.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HIMFX American High-Income Municipal Bond Fund Class F-3	4.22%	4.32%	3.83%	3.71%	2.80%	3.54%	3.73%	3.49%	3.99%	3.61%	0.00%
NMHIX Neuberger Berman Municipal High Income Fund	4.16%	3.98%	3.81%	3.11%	2.43%	2.74%	2.90%	3.36%	3.64%	3.44%	4.42%

Frequently Asked Questions

Can I hold both NMHIX and HIMFX in my portfolio?

NMHIX and HIMFX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.