FTRBX vs. NCRLX
Compare and contrast key facts about Federated Hermes Total Return Bond Fund Institutional Shares (FTRBX) and Neuberger Berman Core Bond Fund (NCRLX).
FTRBX is managed by Federated. It was launched on Oct 1, 1996. NCRLX is managed by Neuberger Berman. It was launched on Sep 29, 1995.
Performance
FTRBX vs. NCRLX - Performance Comparison
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FTRBX vs. NCRLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTRBX Federated Hermes Total Return Bond Fund Institutional Shares | -0.95% | 7.60% | 2.03% | 5.20% | -13.13% | -0.21% | 9.52% | 9.75% | -0.85% | 4.41% |
NCRLX Neuberger Berman Core Bond Fund | -0.38% | 7.24% | 1.90% | 5.69% | -14.36% | -1.07% | 9.50% | 9.43% | -1.06% | 3.95% |
Returns By Period
In the year-to-date period, FTRBX achieves a -0.95% return, which is significantly lower than NCRLX's -0.38% return. Over the past 10 years, FTRBX has outperformed NCRLX with an annualized return of 2.32%, while NCRLX has yielded a comparatively lower 1.87% annualized return.
FTRBX
- 1D
- 0.11%
- 1M
- -1.87%
- YTD
- -0.95%
- 6M
- 0.50%
- 1Y
- 3.82%
- 3Y*
- 3.62%
- 5Y*
- 0.31%
- 10Y*
- 2.32%
NCRLX
- 1D
- 0.11%
- 1M
- -1.78%
- YTD
- -0.38%
- 6M
- 0.18%
- 1Y
- 3.82%
- 3Y*
- 3.62%
- 5Y*
- -0.04%
- 10Y*
- 1.87%
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FTRBX vs. NCRLX - Expense Ratio Comparison
Both FTRBX and NCRLX have an expense ratio of 0.39%.
Return for Risk
FTRBX vs. NCRLX — Risk / Return Rank
FTRBX
NCRLX
FTRBX vs. NCRLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Total Return Bond Fund Institutional Shares (FTRBX) and Neuberger Berman Core Bond Fund (NCRLX). 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.
| FTRBX | NCRLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.93 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.35 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.16 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.79 | -0.02 |
Martin ratioReturn relative to average drawdown | 5.28 | 5.39 | -0.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTRBX | NCRLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.93 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | -0.01 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.38 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.49 | +0.59 |
Correlation
The correlation between FTRBX and NCRLX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FTRBX vs. NCRLX - Dividend Comparison
FTRBX's dividend yield for the trailing twelve months is around 4.20%, less than NCRLX's 4.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTRBX Federated Hermes Total Return Bond Fund Institutional Shares | 4.20% | 4.52% | 4.47% | 3.84% | 2.47% | 3.43% | 4.66% | 3.38% | 3.49% | 3.21% | 3.35% | 3.53% |
NCRLX Neuberger Berman Core Bond Fund | 4.35% | 4.68% | 4.76% | 3.90% | 2.63% | 2.47% | 4.76% | 3.37% | 3.00% | 2.80% | 3.37% | 3.15% |
Drawdowns
FTRBX vs. NCRLX - Drawdown Comparison
The maximum FTRBX drawdown since its inception was -17.49%, smaller than the maximum NCRLX drawdown of -19.21%. Use the drawdown chart below to compare losses from any high point for FTRBX and NCRLX.
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Drawdown Indicators
| FTRBX | NCRLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.49% | -19.21% | +1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -2.88% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -17.49% | -19.21% | +1.72% |
Max Drawdown (10Y)Largest decline over 10 years | -17.49% | -19.21% | +1.72% |
Current DrawdownCurrent decline from peak | -2.17% | -2.69% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -2.03% | -3.82% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.96% | -0.02% |
Volatility
FTRBX vs. NCRLX - Volatility Comparison
The current volatility for Federated Hermes Total Return Bond Fund Institutional Shares (FTRBX) is 1.36%, while Neuberger Berman Core Bond Fund (NCRLX) has a volatility of 1.58%. This indicates that FTRBX experiences smaller price fluctuations and is considered to be less risky than NCRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTRBX | NCRLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.58% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 2.65% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 4.42% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 5.99% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.78% | 4.98% | -0.20% |