EATVX vs. NPRTX

Last updated Jun 25, 2026

EATVX (Eaton Vance Tax Managed Value Fund) and NPRTX (Neuberger Berman Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, EATVX returned 12.15%/yr vs 14.23%/yr for NPRTX. Their correlation of 0.91 suggests significant overlap in exposure. EATVX charges 1.15%/yr vs 0.79%/yr for NPRTX.

Performance

EATVX vs. NPRTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Tax Managed Value Fund (EATVX) and Neuberger Berman Large Cap Value Fund (NPRTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with EATVX having a 17.94% return and NPRTX slightly higher at 18.61%. Over the past 10 years, EATVX has underperformed NPRTX with an annualized return of 12.15%, while NPRTX has yielded a comparatively higher 14.23% annualized return.

EATVX

• 1D: -1.68%
• 1M: 3.52%
• YTD: 17.94%
• 6M: 16.76%
• 1Y: 30.35%
• 3Y*: 18.42%
• 5Y*: 10.61%
• 10Y*: 12.15%

NPRTX

• 1D: -1.26%
• 1M: 1.75%
• YTD: 18.61%
• 6M: 17.45%
• 1Y: 35.49%
• 3Y*: 16.94%
• 5Y*: 10.00%
• 10Y*: 14.23%

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

EATVX vs. NPRTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EATVX Eaton Vance Tax Managed Value Fund	17.94%	12.86%	14.37%	9.44%	-9.77%	25.92%	4.39%	29.73%	-5.98%	17.65%
NPRTX Neuberger Berman Large Cap Value Fund	18.61%	20.69%	10.92%	-1.76%	-1.25%	28.12%	14.44%	23.96%	-1.23%	13.45%

Correlation

The correlation between EATVX and NPRTX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Dec 27, 1999	0.91

The correlation between EATVX and NPRTX has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

Return for Risk

EATVX vs. NPRTX — Risk / Return Rank

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

EATVX

EATVX Risk / Return Rank: 86
EATVX Sharpe Ratio Rank: 88
EATVX Sortino Ratio Rank: 84
EATVX Omega Ratio Rank: 80
EATVX Calmar Ratio Rank: 87
EATVX Martin Ratio Rank: 91

NPRTX

NPRTX Risk / Return Rank: 93
NPRTX Sharpe Ratio Rank: 95
NPRTX Sortino Ratio Rank: 93
NPRTX Omega Ratio Rank: 87
NPRTX Calmar Ratio Rank: 95
NPRTX Martin Ratio Rank: 96

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.

EATVX vs. NPRTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax Managed Value Fund (EATVX) and Neuberger Berman Large Cap Value Fund (NPRTX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EATVX	NPRTX	Difference
Sharpe ratio: Return per unit of total volatility	2.59	3.11	-0.53
Sortino ratio: Return per unit of downside risk	3.60	4.29	-0.69
Omega ratio: Gain probability vs. loss probability	1.46	1.56	-0.10
Calmar ratio: Return relative to maximum drawdown	3.95	5.22	-1.27
Martin ratio: Return relative to average drawdown	16.87	21.18	-4.31

EATVX vs. NPRTX - Sharpe Ratio Comparison

The current EATVX Sharpe Ratio is 2.59, which is comparable to the NPRTX Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of EATVX and NPRTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EATVX vs. NPRTX - Drawdown Comparison

The maximum EATVX drawdown since its inception was -53.01%, smaller than the maximum NPRTX drawdown of -66.25%. Use the drawdown chart below to compare losses from any high point for EATVX and NPRTX.

Drawdown Indicators

	EATVX	NPRTX	Difference
Max Drawdown Largest peak-to-trough decline	-53.01%	-66.25%	+13.24%
Max Drawdown (1Y) Largest decline over 1 year	-8.03%	-7.03%	-1.00%
Max Drawdown (3Y) Largest decline over 3 years	-18.74%	-13.79%	-4.95%
Max Drawdown (5Y) Largest decline over 5 years	-20.70%	-19.82%	-0.88%
Max Drawdown (10Y) Largest decline over 10 years	-38.63%	-39.01%	+0.38%
Current Drawdown Current decline from peak	-1.68%	-1.58%	-0.10%
Average Drawdown Average peak-to-trough decline	-8.17%	-9.25%	+1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	1.73%	+0.15%

Volatility

EATVX vs. NPRTX - Volatility Comparison

Eaton Vance Tax Managed Value Fund (EATVX) has a higher volatility of 4.93% compared to Neuberger Berman Large Cap Value Fund (NPRTX) at 4.46%. This indicates that EATVX's price experiences larger fluctuations and is considered to be riskier than NPRTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EATVX	NPRTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	4.46%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	9.69%	9.58%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	12.27%	11.78%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.21%	14.12%	+1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.57%	17.53%	+0.04%

EATVX vs. NPRTX - Expense Ratio Comparison

EATVX has a 1.15% expense ratio, which is higher than NPRTX's 0.79% expense ratio.

Dividends

EATVX vs. NPRTX - Dividend Comparison

EATVX's dividend yield for the trailing twelve months is around 3.53%, less than NPRTX's 5.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EATVX Eaton Vance Tax Managed Value Fund	3.53%	4.16%	3.75%	3.24%	2.17%	4.50%	1.29%	1.13%	1.57%	0.95%	1.10%	8.71%
NPRTX Neuberger Berman Large Cap Value Fund	5.42%	6.42%	2.19%	2.45%	1.56%	5.04%	1.60%	3.87%	14.44%	8.55%	3.58%	9.80%

Frequently Asked Questions

Can I hold both EATVX and NPRTX in my portfolio?

With a correlation of 0.90, EATVX and NPRTX 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, EATVX or NPRTX?

EATVX has higher volatility (4.93%) compared to NPRTX (4.46%). In terms of maximum drawdown, EATVX dropped -53.01% vs NPRTX's -66.25%.

Which has better risk-adjusted returns?

NPRTX currently has the higher Sharpe Ratio (3.11 vs 2.59), 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.