Neuberger Berman Long Short Fund (NLSIX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The chart shows the growth of an initial investment of $10,000 in Neuberger Berman Long Short Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Neuberger Berman Long Short Fund (NLSIX) has returned -3.63% so far this year and 3.47% over the past 12 months. Over the last ten years, NLSIX has returned 6.37% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Dec 29, 2011, NLSIX's average daily return is +0.03%, while the average monthly return is +0.52%. At this rate, your investment would double in approximately 11.1 years.

Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +5.0%, while the worst month was Dec 2018 at -6.1%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.

On a daily basis, NLSIX closed higher 51% of trading days. The best single day was Mar 13, 2020 with a return of +3.1%, while the worst single day was Mar 16, 2020 at -5.7%.

Neuberger Berman Long Short Fund has an annualized alpha of 1.60%, beta of 0.38, and R² of 0.81 versus S&P 500 Index. Calculated based on daily prices since December 30, 2011.

• This fund participated in 41.71% of S&P 500 Index downside but only 39.91% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.38 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

NLSIX has a high expense ratio of 1.28%, indicating above-average management fees.

NLSIX ranks 20 for risk / return — in the bottom 20% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Neuberger Berman Long Short Fund (NLSIX) and compare them to a chosen benchmark (S&P 500 Index).

Neuberger Berman Long Short Fund provided a 0.05% dividend yield over the last twelve months, with an annual payout of $0.01 per share.

The table displays the monthly dividend distributions for Neuberger Berman Long Short Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Neuberger Berman Long Short Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Neuberger Berman Long Short Fund was 14.75%, occurring on Mar 23, 2020. Recovery took 72 trading sessions.

The current Neuberger Berman Long Short Fund drawdown is 4.39%.

The chart below shows the rolling one-month volatility.