NMHIX vs. NHMFX
Compare and contrast key facts about Neuberger Berman Municipal High Income Fund (NMHIX) and Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX).
NMHIX is managed by Neuberger Berman. It was launched on Jun 21, 2015. NHMFX is managed by Nuveen. It was launched on Jun 30, 2016.
Performance
NMHIX vs. NHMFX - Performance Comparison
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NMHIX vs. NHMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMHIX Neuberger Berman Municipal High Income Fund | 0.33% | 3.56% | 6.27% | 4.34% | -14.26% | 4.90% | 4.04% | 8.28% | 2.19% | 8.75% |
NHMFX Nuveen High Yield Municipal Bond Fund Class R6 | 0.73% | 3.21% | 5.23% | 6.74% | -14.90% | 9.94% | 3.33% | 12.18% | 2.05% | 12.17% |
Returns By Period
In the year-to-date period, NMHIX achieves a 0.33% return, which is significantly lower than NHMFX's 0.73% return.
NMHIX
- 1D
- 0.11%
- 1M
- -1.06%
- YTD
- 0.33%
- 6M
- 1.76%
- 1Y
- 3.34%
- 3Y*
- 4.26%
- 5Y*
- 0.51%
- 10Y*
- 2.40%
NHMFX
- 1D
- 0.14%
- 1M
- -0.77%
- YTD
- 0.73%
- 6M
- 2.45%
- 1Y
- 2.68%
- 3Y*
- 4.17%
- 5Y*
- 1.24%
- 10Y*
- —
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NMHIX vs. NHMFX - Expense Ratio Comparison
NMHIX has a 0.52% expense ratio, which is lower than NHMFX's 0.69% expense ratio.
Return for Risk
NMHIX vs. NHMFX — Risk / Return Rank
NMHIX
NHMFX
NMHIX vs. NHMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Municipal High Income Fund (NMHIX) and Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX). 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 | NHMFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 0.44 | +0.29 |
Sortino ratioReturn per unit of downside risk | 0.99 | 0.64 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.12 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.80 | 0.52 | +0.28 |
Martin ratioReturn relative to average drawdown | 2.40 | 1.26 | +1.14 |
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 | NHMFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 0.44 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.18 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.47 | +0.08 |
Correlation
The correlation between NMHIX and NHMFX is 0.83, 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. NHMFX - Dividend Comparison
NMHIX's dividend yield for the trailing twelve months is around 3.67%, less than NHMFX's 6.21% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
NMHIX Neuberger Berman Municipal High Income Fund | 3.67% | 3.98% | 3.81% | 3.11% | 2.43% | 2.74% | 2.90% | 3.36% | 3.64% | 3.44% | 4.42% |
NHMFX Nuveen High Yield Municipal Bond Fund Class R6 | 6.21% | 6.59% | 5.35% | 6.99% | 5.68% | 4.71% | 5.05% | 5.03% | 5.46% | 5.37% | 2.52% |
Drawdowns
NMHIX vs. NHMFX - Drawdown Comparison
The maximum NMHIX drawdown since its inception was -19.38%, smaller than the maximum NHMFX drawdown of -22.25%. Use the drawdown chart below to compare losses from any high point for NMHIX and NHMFX.
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Drawdown Indicators
| NMHIX | NHMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.38% | -22.25% | +2.87% |
Max Drawdown (1Y)Largest decline over 1 year | -5.40% | -7.85% | +2.45% |
Max Drawdown (5Y)Largest decline over 5 years | -19.38% | -21.55% | +2.17% |
Max Drawdown (10Y)Largest decline over 10 years | -19.38% | — | — |
Current DrawdownCurrent decline from peak | -1.78% | -1.86% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -4.93% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 3.26% | -1.45% |
Volatility
NMHIX vs. NHMFX - Volatility Comparison
The current volatility for Neuberger Berman Municipal High Income Fund (NMHIX) is 1.17%, while Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX) has a volatility of 1.85%. This indicates that NMHIX experiences smaller price fluctuations and is considered to be less risky than NHMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMHIX | NHMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.85% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 1.74% | 2.72% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.36% | 8.01% | -2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.59% | 6.82% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.70% | 6.79% | -2.09% |