NBH vs EWZS

Comparison between Neuberger Berman Municipal Fund Inc (NBH, ETF) and ISHARES MSCI BRAZIL SMALL-CAP ETF (EWZS, ETF).

5-Year PerformanceNBH has outperformed EWZS, delivering a return of -3.2% compared to -4.6%

NBH vs EWZS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NBH(ETF)	EWZS(ETF)
Net Assets	$333M	$330M
Expense Ratio	N/A	0.59%
Max Drawdown	49.69%	81.65%
Sharpe Ratio	0.77	0.25
5Y Beta	0.21	0.87
5Y Dividends CAGR	-1.21%	21.23%

Net Assets

Winner

NBH

$333M

EWZS

$330M

Expense Ratio

NBH

N/A

EWZS

0.59%

Max Drawdown

Winner

NBH

49.69%

EWZS

81.65%

Sharpe Ratio

Winner

NBH

0.77

EWZS

0.25

5Y Beta

Winner

NBH

0.21

EWZS

0.87

5Y Dividends CAGR

NBH

-1.21%

Winner

EWZS

21.23%

NBH vs EWZS - Historical Returns

Returns include dividend reinvestment.

Period	NBH	EWZS
1 month	-0.07%	-12.38%
3 months	+0.22%	-7.56%
6 months	+2.50%	+1.69%
1 year	+10.92%	+6.81%
5 years(CAGR)	-3.22%	-4.57%
10 years(CAGR)	+0.61%	+7.42%
Max(CAGR)	+3.91%	-1.19%

Winner

NBH

-0.07%

EWZS

-12.38%

Winner

NBH

+0.22%

EWZS

-7.56%

Winner

NBH

+2.50%

EWZS

+1.69%

Winner

NBH

+10.92%

EWZS

+6.81%

5Y(CAGR)

Winner

NBH

-3.22%

EWZS

-4.57%

10Y(CAGR)

NBH

+0.61%

Winner

EWZS

+7.42%

Max(CAGR)

Winner

NBH

+3.91%

EWZS

-1.19%

NBH vs EWZS - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	NBH	EWZS
2026	+3.56%	+1.97%
2025	+3.72%	+44.26%
2024	+5.10%	-33.42%
2023	+2.61%	+43.43%
2022	-28.53%	-6.28%
2021	+4.67%	-12.21%
2020	+4.47%	-21.62%
2019	+25.05%	+44.85%
2018	-9.40%	-9.43%
2017	-2.94%	+49.22%
2016	+9.20%	+72.86%
2015	+7.37%	-49.35%
2014	+17.41%	-23.10%
2013	-9.28%	-27.74%
2012	+6.63%	+25.66%
2011	+21.40%	-24.85%
2010	+10.30%	+16.35%
2009	+22.48%	N/A
2008	-8.12%	N/A
2007	-1.92%	N/A
2006	+9.24%	N/A
2005	+7.01%	N/A
2004	+2.11%	N/A
2003	+5.39%	N/A
2002	-9.14%	N/A

NBH vs EWZS Drawdown Comparison

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

The maximum drawdown for EWZS was -79.22%, occurring on Jan 21, 2016. This drawdown has not yet recovered.

The current NBH drawdown is -23.68%. The current EWZS drawdown is -32.51%.

Rank	NBH	EWZS
#1	-43.50% Aug 27, 2021 - Oct 25, 2023	-79.22% Apr 26, 2011 - Jan 21, 2016
#2	-32.21% Feb 25, 2020 - Jan 11, 2021	-9.69% Jan 12, 2011 - Apr 4, 2011
#3	-26.07% Jan 16, 2008 - Jan 5, 2009	-8.18% Nov 4, 2010 - Jan 3, 2011
#4	-21.60% Nov 23, 2012 - Dec 4, 2014	-4.01% Oct 13, 2010 - Nov 2, 2010
#5	-18.63% Aug 23, 2016 - Jul 17, 2019	-2.59% Apr 8, 2011 - Apr 20, 2011
#6	-16.00% Mar 17, 2004 - Jun 16, 2005	-1.75% Jan 3, 2011 - Jan 12, 2011
#7	-13.79% Nov 1, 2002 - May 8, 2003	-1.73% Apr 4, 2011 - Apr 8, 2011
#8	-12.64% Jul 3, 2003 - Feb 27, 2004	-0.48% Apr 20, 2011 - Apr 26, 2011
#9	-12.16% Oct 26, 2010 - Aug 17, 2011	-0.26% Oct 5, 2010 - Oct 8, 2010
#10	-10.82% Jan 5, 2009 - May 19, 2009	-0.20% Oct 1, 2010 - Oct 5, 2010
#11	-8.96% Sep 27, 2006 - Jan 14, 2008	N/A
#12	-8.21% Feb 24, 2012 - Mar 30, 2012	N/A
#13	-7.71% Aug 2, 2012 - Sep 17, 2012	N/A
#14	-7.43% Jan 28, 2015 - Oct 6, 2015	N/A
#15	-7.39% Feb 9, 2021 - Apr 15, 2021	N/A

Correlation

Correlation between NBH and EWZS is -0.28 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.28

-101

Dividend Comparison (2002 - 2026)

NBH vs EWZS dividend yield comparison.

Year	NBH	EWZS
2026	2.65%	0.00%
2025	6.43%	3.88%
2024	5.33%	4.93%
2023	4.49%	2.75%
2022	6.14%	4.61%
2021	4.89%	4.51%
2020	4.93%	1.15%
2019	4.86%	1.77%
2018	6.04%	4.35%
2017	5.53%	3.41%
2016	5.54%	3.62%
2015	5.73%	4.35%
2014	5.47%	3.05%
2013	5.98%	1.88%
2012	4.76%	2.64%
2011	5.28%	2.57%
2010	6.00%	0.35%
2009	5.18%	0.00%
2008	5.73%	0.00%
2007	5.15%	0.00%
2006	5.73%	0.00%
2005	5.99%	0.00%
2004	6.07%	0.00%
2003	5.89%	0.00%
2002	0.98%	0.00%