NML vs. BMEAX
Compare and contrast key facts about Neuberger Berman MLP (NML) and BlackRock High Equity Income Fund Class A (BMEAX).
NML is an actively managed fund by Neuberger Berman. It was launched on Mar 26, 2013. BMEAX is an actively managed fund by BlackRock. It was launched on May 1, 1998.
Performance
NML vs. BMEAX - Performance Comparison
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NML vs. BMEAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NML Neuberger Berman MLP | 21.40% | 4.36% | 40.55% | 14.61% | 32.75% | 61.76% | -45.84% | 10.60% | -23.02% | 7.07% |
BMEAX BlackRock High Equity Income Fund Class A | -5.21% | 16.81% | 6.18% | 8.54% | -3.59% | 22.11% | -1.75% | 21.68% | -6.50% | 15.85% |
Returns By Period
In the year-to-date period, NML achieves a 21.40% return, which is significantly higher than BMEAX's -5.21% return. Over the past 10 years, NML has outperformed BMEAX with an annualized return of 12.48%, while BMEAX has yielded a comparatively lower 7.87% annualized return.
NML
- 1D
- -3.62%
- 1M
- -1.55%
- YTD
- 21.40%
- 6M
- 20.83%
- 1Y
- 19.33%
- 3Y*
- 26.35%
- 5Y*
- 27.89%
- 10Y*
- 12.48%
BMEAX
- 1D
- -0.34%
- 1M
- -8.99%
- YTD
- -5.21%
- 6M
- -0.98%
- 1Y
- 7.92%
- 3Y*
- 7.96%
- 5Y*
- 6.15%
- 10Y*
- 7.87%
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NML vs. BMEAX - Expense Ratio Comparison
NML has a 2.72% expense ratio, which is higher than BMEAX's 1.10% expense ratio.
Return for Risk
NML vs. BMEAX — Risk / Return Rank
NML
BMEAX
NML vs. BMEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman MLP (NML) and BlackRock High Equity Income Fund Class A (BMEAX). 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.
| NML | BMEAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 0.63 | +0.26 |
Sortino ratioReturn per unit of downside risk | 1.22 | 0.95 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.14 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 0.66 | +0.73 |
Martin ratioReturn relative to average drawdown | 4.74 | 2.72 | +2.01 |
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
| NML | BMEAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.63 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.17 | 0.47 | +0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.50 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.53 | -0.46 |
Correlation
The correlation between NML and BMEAX is 0.50, 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
NML vs. BMEAX - Dividend Comparison
NML's dividend yield for the trailing twelve months is around 6.92%, less than BMEAX's 7.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NML Neuberger Berman MLP | 6.92% | 8.24% | 7.94% | 10.19% | 4.26% | 3.54% | 8.33% | 9.76% | 9.87% | 7.04% | 8.63% | 15.44% |
BMEAX BlackRock High Equity Income Fund Class A | 7.49% | 7.62% | 6.10% | 5.45% | 5.70% | 6.46% | 4.52% | 4.46% | 10.86% | 58.18% | 6.05% | 8.93% |
Drawdowns
NML vs. BMEAX - Drawdown Comparison
The maximum NML drawdown since its inception was -90.48%, which is greater than BMEAX's maximum drawdown of -73.05%. Use the drawdown chart below to compare losses from any high point for NML and BMEAX.
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Drawdown Indicators
| NML | BMEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.48% | -73.05% | -17.43% |
Max Drawdown (1Y)Largest decline over 1 year | -15.67% | -11.54% | -4.13% |
Max Drawdown (5Y)Largest decline over 5 years | -21.40% | -19.32% | -2.08% |
Max Drawdown (10Y)Largest decline over 10 years | -84.84% | -38.27% | -46.57% |
Current DrawdownCurrent decline from peak | -4.25% | -9.56% | +5.31% |
Average DrawdownAverage peak-to-trough decline | -37.53% | -19.79% | -17.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 2.81% | +1.82% |
Volatility
NML vs. BMEAX - Volatility Comparison
Neuberger Berman MLP (NML) has a higher volatility of 5.53% compared to BlackRock High Equity Income Fund Class A (BMEAX) at 3.86%. This indicates that NML's price experiences larger fluctuations and is considered to be riskier than BMEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NML | BMEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 3.86% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 13.10% | 7.82% | +5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.10% | 14.46% | +7.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.93% | 13.29% | +10.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.36% | 15.70% | +19.66% |