CMCIX vs. NBGIX

Last updated Jun 4, 2026

CMCIX (Calvert Small/Mid-Cap Fund Class I) and NBGIX (Neuberger Berman Genesis Fund Institutional Class) are both Small Cap Growth Equities funds. Over the past year, CMCIX returned -0.28% vs 7.57% for NBGIX. Their correlation of 0.93 suggests significant overlap in exposure. CMCIX charges 1.26%/yr vs 0.84%/yr for NBGIX.

Performance

CMCIX vs. NBGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert Small/Mid-Cap Fund Class I (CMCIX) and Neuberger Berman Genesis Fund Institutional Class (NBGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CMCIX achieves a 2.66% return, which is significantly lower than NBGIX's 6.58% return.

CMCIX

• 1D: 0.93%
• 1M: 1.13%
• YTD: 2.66%
• 6M: 1.11%
• 1Y: -0.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NBGIX

• 1D: 0.56%
• 1M: 0.47%
• YTD: 6.58%
• 6M: 4.25%
• 1Y: 7.57%
• 3Y*: 6.49%
• 5Y*: 2.81%
• 10Y*: 9.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CMCIX vs. NBGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CMCIX Calvert Small/Mid-Cap Fund Class I	2.66%	-5.28%	10.46%	7.81%
NBGIX Neuberger Berman Genesis Fund Institutional Class	6.58%	-4.55%	9.20%	7.52%

Correlation

The correlation between CMCIX and NBGIX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Sep 20, 2023	0.93

The correlation between CMCIX and NBGIX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

CMCIX vs. NBGIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CMCIX

CMCIX Risk / Return Rank: 3
CMCIX Sharpe Ratio Rank: 3
CMCIX Sortino Ratio Rank: 3
CMCIX Omega Ratio Rank: 3
CMCIX Calmar Ratio Rank: 3
CMCIX Martin Ratio Rank: 3

NBGIX

NBGIX Risk / Return Rank: 7
NBGIX Sharpe Ratio Rank: 7
NBGIX Sortino Ratio Rank: 7
NBGIX Omega Ratio Rank: 7
NBGIX Calmar Ratio Rank: 8
NBGIX Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CMCIX vs. NBGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert Small/Mid-Cap Fund Class I (CMCIX) and Neuberger Berman Genesis Fund Institutional Class (NBGIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CMCIX	NBGIX	Difference
Sharpe ratio: Return per unit of total volatility	0.07	0.57	-0.51
Sortino ratio: Return per unit of downside risk	0.21	0.97	-0.76
Omega ratio: Gain probability vs. loss probability	1.02	1.11	-0.08
Calmar ratio: Return relative to maximum drawdown	0.09	0.86	-0.77
Martin ratio: Return relative to average drawdown	0.20	2.30	-2.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMCIX vs. NBGIX - Sharpe Ratio Comparison

The current CMCIX Sharpe Ratio is 0.07, which is lower than the NBGIX Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of CMCIX and NBGIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CMCIX	NBGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.07	0.57	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.14	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.54	-0.20

Drawdowns

CMCIX vs. NBGIX - Drawdown Comparison

The maximum CMCIX drawdown since its inception was -21.50%, smaller than the maximum NBGIX drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for CMCIX and NBGIX.

Drawdown Indicators

	CMCIX	NBGIX	Difference
Max Drawdown Largest peak-to-trough decline	-21.50%	-51.62%	+30.12%
Max Drawdown (1Y) Largest decline over 1 year	-11.68%	-10.75%	-0.93%
Max Drawdown (3Y) Largest decline over 3 years	—	-27.48%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.53%	—
Current Drawdown Current decline from peak	-9.96%	-9.08%	-0.88%
Average Drawdown Average peak-to-trough decline	-6.45%	-7.47%	+1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.99%	3.98%	+1.01%

Volatility

CMCIX vs. NBGIX - Volatility Comparison

Calvert Small/Mid-Cap Fund Class I (CMCIX) and Neuberger Berman Genesis Fund Institutional Class (NBGIX) have volatilities of 3.90% and 4.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMCIX	NBGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	4.06%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	10.59%	11.31%	-0.72%
Volatility (1Y) Calculated over the trailing 1-year period	15.15%	16.04%	-0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.54%	19.66%	-3.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.54%	20.23%	-3.69%

CMCIX vs. NBGIX - Expense Ratio Comparison

CMCIX has a 1.26% expense ratio, which is higher than NBGIX's 0.84% expense ratio.

Dividends

CMCIX vs. NBGIX - Dividend Comparison

CMCIX's dividend yield for the trailing twelve months is around 4.14%, less than NBGIX's 15.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMCIX Calvert Small/Mid-Cap Fund Class I	4.14%	4.25%	7.13%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NBGIX Neuberger Berman Genesis Fund Institutional Class	15.40%	16.41%	2.14%	3.13%	11.11%	10.91%	3.87%	6.00%	12.49%	14.10%	6.53%	11.28%

Frequently Asked Questions

Can I hold both CMCIX and NBGIX in my portfolio?

With a correlation of 0.94, CMCIX and NBGIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CMCIX or NBGIX?

NBGIX has higher volatility (4.06%) compared to CMCIX (3.90%). In terms of maximum drawdown, CMCIX dropped -21.50% vs NBGIX's -51.62%.

Which has better risk-adjusted returns?

NBGIX currently has the higher Sharpe Ratio (0.57 vs 0.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.