NML vs. HMSFX
Compare and contrast key facts about Neuberger Berman MLP (NML) and Hennessy Midstream Fund Investor Class (HMSFX).
NML is an actively managed fund by Neuberger Berman. It was launched on Mar 26, 2013. HMSFX is a passively managed fund by Hennessy that tracks the performance of the Alerian US Midstream Energy Index. It was launched on Dec 31, 2013.
Performance
NML vs. HMSFX - Performance Comparison
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NML vs. HMSFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NML Neuberger Berman MLP | 25.95% | 4.36% | 40.55% | 14.61% | 32.75% | 61.76% | -45.84% | 10.60% | -23.17% |
HMSFX Hennessy Midstream Fund Investor Class | 17.51% | -0.76% | 35.85% | 23.50% | 28.88% | 36.22% | -31.21% | 11.77% | -20.36% |
Returns By Period
In the year-to-date period, NML achieves a 25.95% return, which is significantly higher than HMSFX's 17.51% return.
NML
- 1D
- -0.19%
- 1M
- 3.44%
- YTD
- 25.95%
- 6M
- 25.36%
- 1Y
- 26.49%
- 3Y*
- 27.91%
- 5Y*
- 28.84%
- 10Y*
- 12.90%
HMSFX
- 1D
- -0.67%
- 1M
- 4.04%
- YTD
- 17.51%
- 6M
- 18.36%
- 1Y
- 8.02%
- 3Y*
- 24.20%
- 5Y*
- 23.77%
- 10Y*
- —
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NML vs. HMSFX - Expense Ratio Comparison
NML has a 2.72% expense ratio, which is higher than HMSFX's 1.75% expense ratio.
Return for Risk
NML vs. HMSFX — Risk / Return Rank
NML
HMSFX
NML vs. HMSFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman MLP (NML) and Hennessy Midstream Fund Investor Class (HMSFX). 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 | HMSFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 0.42 | +0.80 |
Sortino ratioReturn per unit of downside risk | 1.60 | 0.65 | +0.96 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.10 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 0.53 | +1.13 |
Martin ratioReturn relative to average drawdown | 5.64 | 0.88 | +4.76 |
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 | HMSFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.42 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.18 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.36 | -0.28 |
Correlation
The correlation between NML and HMSFX is 0.81, 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
NML vs. HMSFX - Dividend Comparison
NML's dividend yield for the trailing twelve months is around 6.67%, less than HMSFX's 7.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NML Neuberger Berman MLP | 6.67% | 8.24% | 7.94% | 10.19% | 4.26% | 3.54% | 8.33% | 9.76% | 9.87% | 7.04% | 8.63% | 15.44% |
HMSFX Hennessy Midstream Fund Investor Class | 7.72% | 8.89% | 8.12% | 10.11% | 11.23% | 12.99% | 15.54% | 9.26% | 4.74% | 0.00% | 0.00% | 0.00% |
Drawdowns
NML vs. HMSFX - Drawdown Comparison
The maximum NML drawdown since its inception was -90.48%, which is greater than HMSFX's maximum drawdown of -68.50%. Use the drawdown chart below to compare losses from any high point for NML and HMSFX.
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Drawdown Indicators
| NML | HMSFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.48% | -68.50% | -21.98% |
Max Drawdown (1Y)Largest decline over 1 year | -15.72% | -15.26% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -21.40% | -21.17% | -0.23% |
Max Drawdown (10Y)Largest decline over 10 years | -84.84% | — | — |
Current DrawdownCurrent decline from peak | -0.66% | -0.89% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -37.54% | -12.63% | -24.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 9.17% | -4.55% |
Volatility
NML vs. HMSFX - Volatility Comparison
Neuberger Berman MLP (NML) and Hennessy Midstream Fund Investor Class (HMSFX) have volatilities of 4.14% and 4.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NML | HMSFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 4.26% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 10.31% | +2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 19.31% | +2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.88% | 20.25% | +3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.35% | 29.61% | +5.74% |