HAWX vs NBH

Comparison between ISHARES CURRENCY HEDGED MSCI ACWI EX U.S. ETF (HAWX, ETF) and Neuberger Berman Municipal Fund Inc (NBH, ETF).

5-Year PerformanceHAWX has outperformed NBH, delivering a return of +12.1% compared to -3.2%

HAWX vs NBH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HAWX(ETF)	NBH(ETF)
Net Assets	$332M	$333M
Expense Ratio	0.35%	N/A
Max Drawdown	30.63%	49.69%
Sharpe Ratio	1.81	0.77
5Y Beta	0.69	0.21
5Y Dividends CAGR	7.53%	-1.21%

Net Assets

HAWX

$332M

Winner

NBH

$333M

Expense Ratio

HAWX

0.35%

NBH

N/A

Max Drawdown

Winner

HAWX

30.63%

NBH

49.69%

Sharpe Ratio

Winner

HAWX

1.81

NBH

0.77

5Y Beta

HAWX

0.69

Winner

NBH

0.21

5Y Dividends CAGR

Winner

HAWX

7.53%

NBH

-1.21%

HAWX vs NBH - Historical Returns

Returns include dividend reinvestment.

Period	HAWX	NBH
1 month	+1.56%	-0.07%
3 months	+7.40%	+0.22%
6 months	+13.96%	+2.50%
1 year	+30.91%	+10.92%
5 years(CAGR)	+12.09%	-3.22%
10 years(CAGR)	+11.70%	+0.61%
Max(CAGR)	+9.85%	+3.91%

Winner

HAWX

+1.56%

NBH

-0.07%

Winner

HAWX

+7.40%

NBH

+0.22%

Winner

HAWX

+13.96%

NBH

+2.50%

Winner

HAWX

+30.91%

NBH

+10.92%

5Y(CAGR)

Winner

HAWX

+12.09%

NBH

-3.22%

10Y(CAGR)

Winner

HAWX

+11.70%

NBH

+0.61%

Max(CAGR)

Winner

HAWX

+9.85%

NBH

+3.91%

HAWX vs NBH - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	HAWX	NBH
2026	+10.84%	+3.56%
2025	+26.15%	+3.72%
2024	+15.37%	+5.10%
2023	+15.51%	+2.61%
2022	-9.23%	-28.53%
2021	+12.76%	+4.67%
2020	+5.43%	+4.47%
2019	+22.53%	+25.05%
2018	-10.09%	-9.40%
2017	+17.53%	-2.94%
2016	+9.29%	+9.20%
2015	-6.70%	+7.37%
2014	N/A	+17.41%
2013	N/A	-9.28%
2012	N/A	+6.63%
2011	N/A	+21.40%
2010	N/A	+10.30%
2009	N/A	+22.48%
2008	N/A	-8.12%
2007	N/A	-1.92%
2006	N/A	+9.24%
2005	N/A	+7.01%
2004	N/A	+2.11%
2003	N/A	+5.39%
2002	N/A	-9.14%

HAWX vs NBH Drawdown Comparison

The maximum drawdown for HAWX was -30.63%, occurring on Mar 16, 2020. Recovery took 210 trading sessions.

The maximum drawdown for NBH was -43.50%, occurring on Oct 25, 2023. This drawdown has not yet recovered.

The current HAWX drawdown is -3.67%. The current NBH drawdown is -23.68%.

Rank	HAWX	NBH
#1	-30.63% Jan 17, 2020 - Nov 16, 2020	-43.50% Aug 27, 2021 - Oct 25, 2023
#2	-19.32% Jul 15, 2015 - Jan 4, 2017	-32.21% Feb 25, 2020 - Jan 11, 2021
#3	-17.46% Nov 16, 2021 - Jun 13, 2023	-26.07% Jan 16, 2008 - Jan 5, 2009
#4	-15.51% Jan 26, 2018 - May 3, 2019	-21.60% Nov 23, 2012 - Dec 4, 2014
#5	-13.30% Mar 19, 2025 - May 12, 2025	-18.63% Aug 23, 2016 - Jul 17, 2019
#6	-9.39% Feb 25, 2026 - Apr 17, 2026	-16.00% Mar 17, 2004 - Jun 16, 2005
#7	-9.17% Jul 12, 2024 - Sep 26, 2024	-13.79% Nov 1, 2002 - May 8, 2003
#8	-8.09% Jul 31, 2023 - Dec 13, 2023	-12.64% Jul 3, 2003 - Feb 27, 2004
#9	-6.56% Jul 24, 2019 - Sep 13, 2019	-12.16% Oct 26, 2010 - Aug 17, 2011
#10	-5.37% May 3, 2019 - Jul 2, 2019	-10.82% Jan 5, 2009 - May 19, 2009
#11	-5.10% Sep 7, 2021 - Nov 4, 2021	-8.96% Sep 27, 2006 - Jan 14, 2008
#12	-4.21% Nov 12, 2025 - Dec 19, 2025	-8.21% Feb 24, 2012 - Mar 30, 2012
#13	-3.85% Feb 16, 2021 - Apr 1, 2021	-7.71% Aug 2, 2012 - Sep 17, 2012
#14	-3.83% Jan 21, 2021 - Feb 5, 2021	-7.43% Jan 28, 2015 - Oct 6, 2015
#15	-3.67% Jun 2, 2026 - Jun 5, 2026	-7.39% Feb 9, 2021 - Apr 15, 2021

Correlation

Correlation between HAWX and NBH is 0.10 which considered as a very weak or no correlation - the stocks move independently of each other.

0.10

-101

Dividend Comparison (2002 - 2026)

HAWX vs NBH dividend yield comparison.

Year	HAWX	NBH
2026	0.00%	2.65%
2025	2.80%	6.43%
2024	3.31%	5.33%
2023	2.95%	4.49%
2022	16.94%	6.14%
2021	2.63%	4.89%
2020	2.00%	4.93%
2019	3.23%	4.86%
2018	2.51%	6.04%
2017	2.40%	5.53%
2016	2.49%	5.54%
2015	3.86%	5.73%
2014	0.00%	5.47%
2013	0.00%	5.98%
2012	0.00%	4.76%
2011	0.00%	5.28%
2010	0.00%	6.00%
2009	0.00%	5.18%
2008	0.00%	5.73%
2007	0.00%	5.15%
2006	0.00%	5.73%
2005	0.00%	5.99%
2004	0.00%	6.07%
2003	0.00%	5.89%
2002	0.00%	0.98%