NMUIX vs. NMANX
NMUIX (Neuberger Berman Municipal Intermediate Bond Fund) and NMANX (Neuberger Berman Mid Cap Growth Fund) are both mutual funds - NMUIX is a Municipal Bonds fund managed by Neuberger Berman, while NMANX is a Mid Cap Growth Equities fund managed by Neuberger Berman. Over the past 10 years, NMUIX returned 1.58%/yr vs 11.45%/yr for NMANX. Their -0.01 correlation means they have often moved in opposite directions in the past. NMUIX charges 0.45%/yr vs 0.83%/yr for NMANX.
Performance
NMUIX vs. NMANX - Performance Comparison
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Returns By Period
In the year-to-date period, NMUIX achieves a 0.51% return, which is significantly lower than NMANX's 2.52% return. Over the past 10 years, NMUIX has underperformed NMANX with an annualized return of 1.58%, while NMANX has yielded a comparatively higher 11.45% annualized return.
NMUIX
- 1D
- -0.09%
- 1M
- -1.61%
- 6M
- -0.35%
- YTD
- 0.51%
- 1Y
- 3.87%
- 3Y*
- 3.54%
- 5Y*
- 0.36%
- 10Y*
- 1.58%
- ALL TIME*
- 3.63%
NMANX
- 1D
- 0.13%
- 1M
- -4.08%
- 6M
- 0.00%
- YTD
- 2.52%
- 1Y
- -1.91%
- 3Y*
- 11.36%
- 5Y*
- 2.53%
- 10Y*
- 11.45%
- ALL TIME*
- 10.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NMUIX vs. NMANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMUIX Neuberger Berman Municipal Intermediate Bond Fund | 0.51% | 5.31% | 2.19% | 5.14% | -9.87% | 1.46% | 3.82% | 6.76% | 0.94% | 3.93% |
NMANX Neuberger Berman Mid Cap Growth Fund | 2.52% | 5.51% | 24.39% | 18.21% | -28.82% | 12.42% | 39.45% | 33.62% | -6.28% | 29.01% |
Correlation
The correlation between NMUIX and NMANX is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 1987 | -0.01 |
The correlation between NMUIX and NMANX shifts across timeframes, from -0.01 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NMUIX vs. NMANX — Risk / Return Rank
NMUIX
NMANX
NMUIX vs. NMANX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Municipal Intermediate Bond Fund (NMUIX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NMUIX | NMANX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 0.99 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | -0.21 | +1.91 |
| Martin ratioReturn relative to average drawdown | 5.39 | -0.56 | +5.95 |
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Drawdowns
NMUIX vs. NMANX - Drawdown Comparison
The maximum NMUIX drawdown since its inception was -13.85%, smaller than the maximum NMANX drawdown of -72.14%. Use the drawdown chart below to compare losses from any high point for NMUIX and NMANX.
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Drawdown Indicators
| NMUIX | NMANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.85% | -72.14% | +58.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -17.71% | +15.31% |
Max Drawdown (3Y)Largest decline over 3 years | -3.66% | -25.93% | +22.27% |
Max Drawdown (5Y)Largest decline over 5 years | -13.85% | -38.10% | +24.25% |
Max Drawdown (10Y)Largest decline over 10 years | -13.85% | -38.10% | +24.25% |
Current DrawdownCurrent decline from peak | -1.61% | -8.41% | +6.80% |
Average DrawdownAverage peak-to-trough decline | -1.62% | -17.36% | +15.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 6.42% | -5.66% |
Volatility
NMUIX vs. NMANX - Volatility Comparison
The current volatility for Neuberger Berman Municipal Intermediate Bond Fund (NMUIX) is 0.73%, while Neuberger Berman Mid Cap Growth Fund (NMANX) has a volatility of 5.41%. This indicates that NMUIX 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
| NMUIX | NMANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 5.41% | -4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 17.54% | -15.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.28% | 22.09% | -19.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.21% | 23.49% | -20.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.43% | 22.58% | -19.15% |
NMUIX vs. NMANX - Expense Ratio Comparison
NMUIX has a 0.45% expense ratio, which is lower than NMANX's 0.83% expense ratio.
Dividends
NMUIX vs. NMANX - Dividend Comparison
NMUIX's dividend yield for the trailing twelve months is around 2.72%, less than NMANX's 22.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMANX Neuberger Berman Mid Cap Growth Fund | 22.53% | 23.10% | 9.85% | 3.19% | 4.87% | 16.30% | 9.58% | 5.43% | 11.70% | 8.94% | 5.00% | 9.00% |
NMUIX Neuberger Berman Municipal Intermediate Bond Fund | 2.72% | 3.75% | 3.17% | 2.03% | 1.58% | 2.37% | 2.32% | 2.80% | 2.38% | 2.31% | 2.65% | 2.54% |
Frequently Asked Questions
NMUIX and NMANX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMANX has higher volatility (5.41%) compared to NMUIX (0.73%). In terms of maximum drawdown, NMUIX dropped -13.85% vs NMANX's -72.14%.
NMUIX currently has the higher Sharpe Ratio (1.82 vs -0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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