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NMHIX vs. NMANX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

NMHIX vs. NMANX - 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 Mid Cap Growth Fund (NMANX). The values are adjusted to include any dividend payments, if applicable.

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NMHIX vs. NMANX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
NMHIX
Neuberger Berman Municipal High Income Fund
0.23%3.56%6.27%4.34%-14.26%4.90%4.04%8.28%2.19%8.75%
NMANX
Neuberger Berman Mid Cap Growth Fund
-4.02%5.51%24.39%18.21%-28.82%12.42%39.45%33.62%-6.28%29.01%

Returns By Period

In the year-to-date period, NMHIX achieves a 0.23% return, which is significantly higher than NMANX's -4.02% return. Over the past 10 years, NMHIX has underperformed NMANX with an annualized return of 2.39%, while NMANX has yielded a comparatively higher 11.19% annualized return.


NMHIX

1D
0.21%
1M
-1.16%
YTD
0.23%
6M
1.66%
1Y
3.78%
3Y*
4.26%
5Y*
0.49%
10Y*
2.39%

NMANX

1D
1.15%
1M
-4.22%
YTD
-4.02%
6M
-11.88%
1Y
8.66%
3Y*
11.34%
5Y*
2.74%
10Y*
11.19%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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NMHIX vs. NMANX - Expense Ratio Comparison

NMHIX has a 0.52% expense ratio, which is lower than NMANX's 0.83% expense ratio.


Return for Risk

NMHIX vs. NMANX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NMHIX
NMHIX Risk / Return Rank: 2222
Overall Rank
NMHIX Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
NMHIX Sortino Ratio Rank: 1818
Sortino Ratio Rank
NMHIX Omega Ratio Rank: 4040
Omega Ratio Rank
NMHIX Calmar Ratio Rank: 1717
Calmar Ratio Rank
NMHIX Martin Ratio Rank: 1515
Martin Ratio Rank

NMANX
NMANX Risk / Return Rank: 1212
Overall Rank
NMANX Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
NMANX Sortino Ratio Rank: 1212
Sortino Ratio Rank
NMANX Omega Ratio Rank: 1111
Omega Ratio Rank
NMANX Calmar Ratio Rank: 1313
Calmar Ratio Rank
NMANX Martin Ratio Rank: 1313
Martin Ratio Rank
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. NMANX - 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 Mid Cap Growth Fund (NMANX). 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.


NMHIXNMANXDifference

Sharpe ratio

Return per unit of total volatility

0.71

0.43

+0.28

Sortino ratio

Return per unit of downside risk

0.96

0.76

+0.20

Omega ratio

Gain probability vs. loss probability

1.21

1.10

+0.11

Calmar ratio

Return relative to maximum drawdown

0.80

0.63

+0.18

Martin ratio

Return relative to average drawdown

2.41

1.95

+0.46

NMHIX vs. NMANX - Sharpe Ratio Comparison

The current NMHIX Sharpe Ratio is 0.71, which is higher than the NMANX Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of NMHIX and NMANX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


NMHIXNMANXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.71

0.43

+0.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.11

0.12

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.51

0.50

+0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.50

+0.05

Correlation

The correlation between NMHIX and NMANX is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Dividends

NMHIX vs. NMANX - Dividend Comparison

NMHIX's dividend yield for the trailing twelve months is around 3.68%, less than NMANX's 24.06% yield.


TTM20252024202320222021202020192018201720162015
NMHIX
Neuberger Berman Municipal High Income Fund
3.68%3.98%3.81%3.11%2.43%2.74%2.90%3.36%3.64%3.44%4.42%0.00%
NMANX
Neuberger Berman Mid Cap Growth Fund
24.06%23.10%9.85%3.19%4.87%16.30%9.58%5.43%11.70%8.94%5.00%9.00%

Drawdowns

NMHIX vs. NMANX - Drawdown Comparison

The maximum NMHIX drawdown since its inception was -19.38%, smaller than the maximum NMANX drawdown of -72.14%. Use the drawdown chart below to compare losses from any high point for NMHIX and NMANX.


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Drawdown Indicators


NMHIXNMANXDifference

Max Drawdown

Largest peak-to-trough decline

-19.38%

-72.14%

+52.76%

Max Drawdown (1Y)

Largest decline over 1 year

-5.40%

-17.71%

+12.31%

Max Drawdown (5Y)

Largest decline over 5 years

-19.38%

-38.10%

+18.72%

Max Drawdown (10Y)

Largest decline over 10 years

-19.38%

-38.10%

+18.72%

Current Drawdown

Current decline from peak

-1.89%

-13.21%

+11.32%

Average Drawdown

Average peak-to-trough decline

-4.58%

-17.45%

+12.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.80%

5.71%

-3.91%

Volatility

NMHIX vs. NMANX - Volatility Comparison

The current volatility for Neuberger Berman Municipal High Income Fund (NMHIX) is 1.15%, while Neuberger Berman Mid Cap Growth Fund (NMANX) has a volatility of 8.86%. This indicates that NMHIX experiences smaller price fluctuations and is considered to be less risky than NMANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


NMHIXNMANXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.15%

8.86%

-7.71%

Volatility (6M)

Calculated over the trailing 6-month period

1.79%

16.46%

-14.67%

Volatility (1Y)

Calculated over the trailing 1-year period

5.38%

23.80%

-18.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.59%

23.15%

-18.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.70%

22.36%

-17.66%