NMHIX vs. RWMIX
Compare and contrast key facts about Neuberger Berman Municipal High Income Fund (NMHIX) and Redwood Managed Municipal Income Fund (RWMIX).
NMHIX is managed by Neuberger Berman. It was launched on Jun 21, 2015. RWMIX is managed by Redwood. It was launched on Mar 8, 2017.
Performance
NMHIX vs. RWMIX - Performance Comparison
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NMHIX vs. RWMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMHIX Neuberger Berman Municipal High Income Fund | 0.01% | 3.56% | 6.27% | 4.34% | -14.26% | 4.90% | 4.04% | 8.28% | 2.19% | 3.14% |
RWMIX Redwood Managed Municipal Income Fund | 0.01% | -2.18% | 2.69% | 3.77% | -9.56% | 4.28% | 0.13% | 10.09% | 0.30% | 3.08% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with NMHIX at 0.01% and RWMIX at 0.01%.
NMHIX
- 1D
- 0.43%
- 1M
- -1.79%
- YTD
- 0.01%
- 6M
- 1.44%
- 1Y
- 3.56%
- 3Y*
- 4.19%
- 5Y*
- 0.45%
- 10Y*
- 2.37%
RWMIX
- 1D
- 0.00%
- 1M
- -1.59%
- YTD
- 0.01%
- 6M
- 0.93%
- 1Y
- -1.68%
- 3Y*
- 0.91%
- 5Y*
- -0.60%
- 10Y*
- —
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NMHIX vs. RWMIX - Expense Ratio Comparison
NMHIX has a 0.52% expense ratio, which is lower than RWMIX's 1.00% expense ratio.
Return for Risk
NMHIX vs. RWMIX — Risk / Return Rank
NMHIX
RWMIX
NMHIX vs. RWMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Municipal High Income Fund (NMHIX) and Redwood Managed Municipal Income Fund (RWMIX). 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 | RWMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | -0.32 | +1.08 |
Sortino ratioReturn per unit of downside risk | 1.02 | -0.33 | +1.35 |
Omega ratioGain probability vs. loss probability | 1.22 | 0.90 | +0.32 |
Calmar ratioReturn relative to maximum drawdown | 0.83 | -0.12 | +0.95 |
Martin ratioReturn relative to average drawdown | 2.48 | -0.18 | +2.66 |
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 | RWMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | -0.32 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | -0.15 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.37 | +0.18 |
Correlation
The correlation between NMHIX and RWMIX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
NMHIX vs. RWMIX - Dividend Comparison
NMHIX's dividend yield for the trailing twelve months is around 3.69%, more than RWMIX's 3.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
NMHIX Neuberger Berman Municipal High Income Fund | 3.69% | 3.98% | 3.81% | 3.11% | 2.43% | 2.74% | 2.90% | 3.36% | 3.64% | 3.44% | 4.42% |
RWMIX Redwood Managed Municipal Income Fund | 3.58% | 2.67% | 4.08% | 2.80% | 1.02% | 6.80% | 2.16% | 3.36% | 2.13% | 2.06% | 0.00% |
Drawdowns
NMHIX vs. RWMIX - Drawdown Comparison
The maximum NMHIX drawdown since its inception was -19.38%, which is greater than RWMIX's maximum drawdown of -12.90%. Use the drawdown chart below to compare losses from any high point for NMHIX and RWMIX.
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Drawdown Indicators
| NMHIX | RWMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.38% | -12.90% | -6.48% |
Max Drawdown (1Y)Largest decline over 1 year | -5.40% | -5.56% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -19.38% | -12.90% | -6.48% |
Max Drawdown (10Y)Largest decline over 10 years | -19.38% | — | — |
Current DrawdownCurrent decline from peak | -2.10% | -7.10% | +5.00% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -4.65% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 3.76% | -1.96% |
Volatility
NMHIX vs. RWMIX - Volatility Comparison
Neuberger Berman Municipal High Income Fund (NMHIX) has a higher volatility of 1.17% compared to Redwood Managed Municipal Income Fund (RWMIX) at 1.06%. This indicates that NMHIX's price experiences larger fluctuations and is considered to be riskier than RWMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMHIX | RWMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.06% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 1.56% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.37% | 3.88% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.59% | 3.92% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.70% | 3.54% | +1.16% |