Neuberger Berman Long Short Fund (NLSIX) belongs to the Long-Short category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NLSIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NLSIX
NLSIX charges 1.28% annually. There are 10 mutual funds in the Long-Short category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parvin Hedged Equity Solari World Fund | 0.01% | — | Jan 2021 | NLSIX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | NLSIX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 12.07M | Jan 2026 | NLSIX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | NLSIX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | NLSIX vs BTPIX |
Best Risk-Adjusted Alternatives to NLSIX
NLSIX has a PortfoliosLab risk / return rank of 12. There are 37 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 98 | — | Nov 1998 | NLSIX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 97 | — | Oct 1998 | NLSIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 97 | 601.30M | Nov 1998 | NLSIX vs VMNFX | |
| Knights of Columbus Long/Short Equity Fund | 96 | — | Dec 2019 | NLSIX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | 96 | — | Sep 2006 | NLSIX vs GTAPX |
Top Performing NLSIX Alternatives (YTD)
NLSIX is at 0.35% YTD. There are 40 mutual funds in the Long-Short category with higher YTD returns, going as high as 21.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 21.25% | — | Nov 1998 | NLSIX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 16.69% | — | Oct 1998 | NLSIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 16.68% | 601.30M | Nov 1998 | NLSIX vs VMNFX | |
| Guggenheim Alpha Opportunity Fund | 15.53% | — | Jul 2003 | NLSIX vs SAOAX | |
| Wasatch Long/Short Alpha Fund | 13.61% | — | Sep 2021 | NLSIX vs WALSX |
Lowest Volatility Alternatives to NLSIX
NLSIX has 5.55% 1-year volatility. No mutual funds in the Long-Short category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 5.74%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AB Select US Long/Short Portfolio | 5.74% | — | Dec 2012 | NLSIX vs ASILX | |
| MFS Managed Wealth Fund | 6.02% | — | Jun 2014 | NLSIX vs MNWIX | |
| Wilmington Global Alpha Equities Fund | 6.26% | — | Jan 2012 | NLSIX vs WRAIX | |
| Knights of Columbus Long/Short Equity Fund | 6.62% | — | Dec 2019 | NLSIX vs KCEIX | |
| Federated Hermes MDT Market Neutral A | 6.74% | — | Sep 2008 | NLSIX vs QAMNX |
Lowest Drawdown Alternatives to NLSIX
NLSIX has a 1-year max drawdown of -4.39%. There are 6 mutual funds in the Long-Short category with shallower 1-year drawdowns, going as shallow as -2.82%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | -2.82% | — | Dec 2019 | NLSIX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | NLSIX vs GTAPX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | NLSIX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | NLSIX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | NLSIX vs LSEIX |
Other Mutual Funds from Neuberger Berman
The 10 most viewed Neuberger Berman mutual funds shown here include NBGNX, NML, NSTLX and span 10 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Neuberger Berman Genesis Fund | Small Cap Growth Equities | 17 | 12.58% | — | Sep 1988 | NLSIX vs NBGNX | |
| Neuberger Berman MLP | MLPs, Energy Equities | 71 | 28.84% | — | Mar 2013 | NLSIX vs NML | |
| Neuberger Berman Strategic Income Fund | Multisector Bonds | 37 | -0.16% | — | Jul 2003 | NLSIX vs NSTLX | |
| Neuberger Berman Guardian Fund | Large Cap Growth Equities | 12 | 2.19% | — | Jun 1950 | NLSIX vs NGUAX | |
| Neuberger Berman Large Cap Value Fund | Large Cap Value Equities | 96 | 20.16% | — | Jan 1975 | NLSIX vs NPRTX | |
| Neuberger Berman Next Generation Connectivity Fund | Technology Equities | 11 | 8.28% | — | May 2021 | NLSIX vs NBXG | |
| Neuberger Berman Mid Cap Growth Fund | Mid Cap Growth Equities | 3 | 2.39% | — | Mar 1979 | NLSIX vs NMANX | |
| Neuberger Berman Intrinsic Value Fund | Small Cap Blend Equities | 84 | 19.29% | — | May 2010 | NLSIX vs NINLX | |
| Neuberger Berman Sustainable Equity Fund | Large Cap Blend Equities | 65 | 11.52% | — | Mar 1994 | NLSIX vs NBSRX | |
| Neuberger Berman Genesis Fund Institutional Class | Small Cap Growth Equities | 17 | 12.69% | — | Jul 1999 | NLSIX vs NBGIX |
Often Compared With NLSIX
Investors most often compare NLSIX with CPLIX, CLSE, MTMIX. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare NLSIX with Any Fund or Stock
Compare NLSIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NLSIX with funds that move differently
Neuberger Berman Long Short Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NLSIX.
Explore NLSIX Diversifiers