MQY vs NBH: Correlation
How closely do Blackrock MuniYield Quality Fund, Inc. (MQY) and Neuberger Municipal Fund Inc. (NBH) trade together? Their weekly returns over three years give a correlation of 0.83, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MQY and NBH?
Across a 3-year window, the weekly returns of MQY and NBH correlate at 0.83, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.82 lands near the 3-year figure. Stretching to 5 years gives 0.70, with an annualized covariance of 122.2 %².
Within MQY's tracked universe of 27 assets, NBH comes in at #7 by 3-year correlation. Their 12-month results are close: +8.0% for MQY against +10.2% for NBH.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
MQY vs NBH: side by side
| MQY (Blackrock MuniYield Quality Fund, Inc.) | NBH (Neuberger Municipal Fund Inc.) | |
|---|---|---|
| 1-year return | +8.0% | +10.2% |
| 5-year return | -13.1% | -21.0% |
| Volatility (ann.) | 12.8% | 11.4% |
| Beta vs S&P 500 | 0.33 | 0.30 |
| Max drawdown (3Y) | -17.0% | -11.1% |
| Market cap | $0.8B | – |
| P/E (trailing) | 35.8 | 14.6 |
| Dividend yield | 6.25% | 6.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MQY | NBH |
|---|---|---|
| 2022 | -24.2% | -28.2% |
| 2023 | +10.2% | +4.0% |
| 2024 | -0.1% | +5.3% |
| 2025 | +4.3% | +4.2% |
| 2026 | +2.4% | +4.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MQY and NBH good diversifiers for each other?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between MQY and NBH?
Using weekly returns as of 2026-08-27: 0.83 over 3 years, with 0.82 over the last year and 0.70 over 5 years.
Is NBH a good diversifier for MQY?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.83 mean?
On the −1 to +1 scale, 0.83 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mqy-vs-nbh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mqy-vs-nbh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MQY correlations · NBH correlations
