NML vs TWN

Comparison between Neuberger Berman Energy Infrastructure and Income Fund Inc (NML, ETF) and Taiwan Fund Inc (TWN, ETF).

5-Year PerformanceTWN has outperformed NML, delivering a return of +34.9% compared to +22.9%

NML vs TWN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NML(ETF)	TWN(ETF)
Net Assets	$671M	$671M
Max Drawdown	94.21%	71.62%
Sharpe Ratio	0.80	3.56
5Y Beta	0.53	0.88
5Y Dividends CAGR	36.36%	13.36%

Net Assets

Winner

NML

$671M

TWN

$671M

Max Drawdown

NML

94.21%

Winner

TWN

71.62%

Sharpe Ratio

NML

0.80

Winner

TWN

3.56

5Y Beta

Winner

NML

0.53

TWN

0.88

5Y Dividends CAGR

Winner

NML

36.36%

TWN

13.36%

NML vs TWN - Historical Returns

Returns include dividend reinvestment.

Period	NML	TWN
1 month	-8.73%	+11.08%
3 months	-3.34%	+54.79%
6 months	+20.76%	+95.23%
1 year	+17.72%	+162.09%
5 years(CAGR)	+22.90%	+34.94%
10 years(CAGR)	+9.92%	+29.94%
Max(CAGR)	+2.13%	+11.35%

NML

-8.73%

Winner

TWN

+11.08%

NML

-3.34%

Winner

TWN

+54.79%

NML

+20.76%

Winner

TWN

+95.23%

NML

+17.72%

Winner

TWN

+162.09%

5Y(CAGR)

NML

+22.90%

Winner

TWN

+34.94%

10Y(CAGR)

NML

+9.92%

Winner

TWN

+29.94%

Max(CAGR)

NML

+2.13%

Winner

TWN

+11.35%

NML vs TWN - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NML	TWN
2026	+16.53%	+84.84%
2025	+3.66%	+54.22%
2024	+40.37%	+35.45%
2023	+17.73%	+51.64%
2022	+30.79%	-40.37%
2021	+59.38%	+55.56%
2020	-46.35%	+36.34%
2019	+9.79%	+48.10%
2018	-25.16%	-19.52%
2017	+5.97%	+32.76%
2016	+24.35%	+11.50%
2015	-50.36%	-8.90%
2014	-0.77%	-0.30%
2013	-0.94%	+16.46%
2012	N/A	+12.23%
2011	N/A	-23.34%
2010	N/A	+31.46%
2009	N/A	+52.57%
2008	N/A	-45.73%
2007	N/A	+12.03%
2006	N/A	+19.43%
2005	N/A	+14.40%
2004	N/A	+7.28%
2003	N/A	+30.77%
2002	N/A	-26.97%
2001	N/A	+10.64%
2000	N/A	-49.79%
1999	N/A	+13.98%

NML vs TWN Drawdown Comparison

The maximum drawdown for NML was -90.47%, occurring on Mar 18, 2020. Recovery took 2842 trading sessions.

The maximum drawdown for TWN was -71.07%, occurring on Sep 20, 2001. Recovery took 2057 trading sessions.

The current NML drawdown is -8.73%. The current TWN drawdown is -0.69%.

Rank	NML	TWN
#1	-90.47% Oct 3, 2014 - Jan 23, 2026	-71.07% Feb 8, 2000 - Apr 16, 2008
#2	-16.89% Apr 23, 2013 - Jul 1, 2014	-64.47% Apr 16, 2008 - May 8, 2014
#3	-8.73% May 18, 2026 - Jun 18, 2026	-51.72% Jan 3, 2022 - Feb 12, 2024
#4	-7.18% Mar 27, 2026 - May 15, 2026	-36.26% Jan 17, 2020 - Jul 2, 2020
#5	-4.84% Jul 22, 2014 - Aug 11, 2014	-29.83% Jan 6, 2025 - Jun 9, 2025
#6	-4.82% Sep 2, 2014 - Sep 30, 2014	-27.91% Jan 25, 2018 - Oct 17, 2019
#7	-3.38% Mar 2, 2026 - Mar 25, 2026	-27.43% May 11, 2015 - Mar 29, 2017
#8	-2.98% Jan 30, 2026 - Feb 9, 2026	-17.72% Jul 10, 2024 - Oct 22, 2024
#9	-2.43% Aug 11, 2014 - Aug 15, 2014	-15.08% Jul 3, 2014 - May 11, 2015
#10	-1.83% Aug 15, 2014 - Aug 19, 2014	-13.79% May 7, 2021 - Jun 1, 2021
#11	-1.82% Jul 1, 2014 - Jul 9, 2014	-12.57% Jul 14, 2021 - Nov 9, 2021
#12	-1.43% Feb 13, 2026 - Feb 25, 2026	-9.61% Mar 7, 2024 - Jun 12, 2024
#13	-1.40% Mar 28, 2013 - Apr 10, 2013	-9.29% Jun 1, 2026 - Jun 5, 2026
#14	-1.34% Sep 30, 2014 - Oct 3, 2014	-9.09% Oct 29, 2025 - Dec 9, 2025
#15	-0.95% Apr 11, 2013 - Apr 15, 2013	-9.07% May 6, 2026 - May 26, 2026

Correlation

Correlation between NML and TWN is 0.50 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.50

-101

Dividend Comparison (2000 - 2026)

NML vs TWN dividend yield comparison.

Year	NML	TWN
2026	4.02%	0.00%
2025	8.24%	11.62%
2024	7.94%	19.14%
2023	10.19%	1.26%
2022	4.26%	0.00%
2021	3.54%	7.78%
2020	8.34%	12.91%
2019	9.76%	8.26%
2018	9.87%	11.27%
2017	7.04%	3.16%
2016	8.63%	0.00%
2015	15.44%	0.00%
2014	7.16%	16.11%
2013	4.40%	0.00%
2011	0.00%	3.87%
2010	0.00%	0.42%
2009	0.00%	0.49%
2008	0.00%	1.86%
2007	0.00%	18.04%
2005	0.00%	0.35%
2004	0.00%	0.23%
2000	0.00%	1.96%