NMHIX vs. NBGIX

Last updated Aug 1, 2026

NMHIX (Neuberger Berman Municipal High Income Fund) and NBGIX (Neuberger Berman Genesis Fund Institutional Class) are both mutual funds - NMHIX is a High Yield Muni fund managed by Neuberger Berman, while NBGIX is a Small Cap Growth Equities fund managed by Neuberger Berman. Their 0.02 correlation means their historical movements had little consistent relationship. NMHIX charges 0.52%/yr vs 0.84%/yr for NBGIX.

Performance

NMHIX vs. NBGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Municipal High Income Fund (NMHIX) and Neuberger Berman Genesis Fund Institutional Class (NBGIX). 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*: —

NBGIX

• 1D: 0.53%
• 1M: -0.52%
• 6M: 7.12%
• YTD: 12.69%
• 1Y: 12.97%
• 3Y*: 5.76%
• 5Y*: 2.99%
• 10Y*: 9.54%
• ALL TIME*: 10.63%

*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)
NBGIX Neuberger Berman Genesis Fund Institutional Class	$0.00	$0.00	$0.00

NMHIX vs. NBGIX - 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%
NBGIX Neuberger Berman Genesis Fund Institutional Class	12.69%	-4.55%	9.20%	15.73%	-19.35%	18.25%	25.07%	29.68%	-6.76%	16.02%

Correlation

The correlation between NMHIX and NBGIX is 0.17, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.17
Correlation (3Y) Balances recent behavior with more history.	0.15
Correlation (5Y) Shows whether the relationship held over a longer period.	0.13
Correlation (10Y) Provides a long-term view across more market conditions.	0.04
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.02

The correlation between NMHIX and NBGIX shifts across timeframes, from 0.02 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

NMHIX vs. NBGIX — 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.

NBGIX

NBGIX Risk / Return Rank: 17
NBGIX Sharpe Ratio Rank: 15
NBGIX Sortino Ratio Rank: 18
NBGIX Omega Ratio Rank: 15
NBGIX Calmar Ratio Rank: 19
NBGIX Martin Ratio Rank: 17

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. NBGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Municipal High Income Fund (NMHIX) and Neuberger Berman Genesis Fund Institutional Class (NBGIX). 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	NBGIX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.60	—
Sortino ratio: Return per unit of downside risk	—	1.03	—
Omega ratio: Gain probability vs. loss probability	—	1.11	—
Calmar ratio: Return relative to maximum drawdown	—	0.91	—
Martin ratio: Return relative to average drawdown	—	2.43	—

Drawdowns

Drawdown Indicators

	NMHIX	NBGIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-51.62%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.75%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-27.48%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.53%	—
Current Drawdown Current decline from peak	—	-3.87%	—
Average Drawdown Average peak-to-trough decline	—	-7.46%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.02%	—

Volatility

Volatility by Period

	NMHIX	NBGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.31%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	19.70%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.21%	—

NMHIX vs. NBGIX - Expense Ratio Comparison

NMHIX has a 0.52% expense ratio, which is lower than NBGIX's 0.84% expense ratio.

Dividends

NMHIX vs. NBGIX - Dividend Comparison

NMHIX's dividend yield for the trailing twelve months is around 3.46%, less than NBGIX's 14.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NBGIX Neuberger Berman Genesis Fund Institutional Class	14.56%	16.41%	2.14%	3.13%	11.11%	10.91%	3.87%	6.00%	12.49%	14.10%	6.53%	11.28%
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 NBGIX in my portfolio?

NMHIX and NBGIX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.