- ISIN
- US64128R6080
- CUSIP
- 64128R608
- Issuer
- Neuberger Berman
- Inception Date
- Dec 28, 2011
- Category
- Long-Short
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
NLSIX Performance Chart
Neuberger Berman Long Short Fund (NLSIX) is up 2.4% since the beginning of the year. NLSIX is currently trading at $21 per share. Investors who bought $1,000 worth of NLSIX shares 5 years ago would now be looking at an investment worth $1,314.
Loading charts...
Returns By Period
Neuberger Berman Long Short Fund (NLSIX) has returned 2.39% so far this year and 5.92% over the past 12 months.
Neuberger Berman Long Short Fund
- 1D
- 0.44%
- 1M
- 0.29%
- YTD
- 2.39%
- 6M
- 2.14%
- 1Y
- 5.92%
- 3Y*
- 7.74%
- 5Y*
- 5.61%
- 10Y*
- 6.85%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NLSIX Monthly Returns History
Based on dividend-adjusted daily data since Dec 29, 2011, NLSIX's average daily return is +0.03%, while the average monthly return is +0.55%. At this rate, an investment would double in approximately 10.5 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.20% | -0.60% | -1.61% | 4.08% | 1.13% | -0.34% | 2.39% | ||||||
| 2025 | 2.83% | -0.41% | -2.50% | 1.18% | 2.22% | 0.72% | 1.28% | 0.91% | 0.40% | 1.10% | 0.15% | -0.79% | 7.20% |
| 2024 | 1.43% | 0.56% | 0.06% | -1.52% | 1.37% | 1.07% | 0.28% | 1.83% | 0.54% | -0.43% | 2.34% | -0.24% | 7.47% |
| 2023 | 1.80% | -1.07% | 3.51% | 0.74% | 1.10% | 1.33% | 0.89% | 1.06% | -2.05% | 0.60% | 3.15% | 1.45% | 13.10% |
| 2022 | -1.56% | -2.27% | 0.99% | -2.53% | -0.71% | -1.66% | 3.63% | -1.46% | -4.20% | 1.61% | 2.98% | -1.57% | -6.85% |
| 2021 | -2.23% | 0.49% | 3.06% | 2.85% | -0.69% | 2.10% | 1.14% | 1.52% | -1.83% | 3.00% | -2.80% | 2.30% | 9.01% |
Benchmark Metrics
Neuberger Berman Long Short Fund has an annualized alpha of -2.65%, beta of 0.34, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since December 30, 2011.
- This fund participated in 52.25% of S&P 500 Index downside but only 25.22% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.65% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 0.34 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -2.65%
- Beta
- 0.34
- R²
- 0.67
- Upside Capture
- 25.22%
- Downside Capture
- 52.25%
Expense Ratio
NLSIX has a high expense ratio of 1.28%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NLSIX ranks 20 for risk / return — below 20% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Neuberger Berman Long Short Fund (NLSIX) and compare them to S&P 500 Index.
| NLSIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.22 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | — | — |
| Martin ratioReturn relative to average drawdown | 5.28 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.01 | $0.01 | $0.00 | $0.17 | $1.09 | $0.20 | $0.36 | $0.35 | $0.76 | $0.00 | $0.00 | $0.00 |
Dividend yield | 0.05% | 0.05% | 0.02% | 0.97% | 7.01% | 1.13% | 2.15% | 2.39% | 5.91% | 0.00% | 0.00% | 0.01% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.09 | $1.09 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
Drawdowns
Drawdowns Chart
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.
Loading charts...
Worst Drawdowns
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 0.53%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -14.75%Mar 2020 | 1mo 4d | 3mo 15d | 4mo 19dFeb 2020 - Jul 2020 |
Rate-hike selloffLate 2018 | -13.00%Dec 2018 | 3mo 1d | 6mo 9d | 9mo 10dSep 2018 - Jul 2019 |
2016 correction2016 | -12.14%Feb 2016 | 9mo 17d | 1y 8d | 1y 9moApr 2015 - Feb 2017 |
Bear market2022 | -10.79%Oct 2022 | 11mo 8d | 9mo 8d | 1y 8moNov 2021 - Jul 2023 |
2025 selloff2025 | -6.90%Apr 2025 | 1mo 23d | 1mo 7d | 3moFeb 2025 - May 2025 |
Drawdown Indicators
| NLSIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.75% | -9.10% | -5.65% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.75% | — | — |
Current DrawdownCurrent decline from peak | -0.53% | -2.97% | +2.44% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -1.13% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with NLSIX
Add Neuberger Berman Long Short Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with NLSIX