GTSAX vs. NBGIX

Last updated Jun 25, 2026

GTSAX (Invesco Small Cap Growth Fund) and NBGIX (Neuberger Berman Genesis Fund Institutional Class) are both Small Cap Growth Equities funds. Over the past 10 years, GTSAX returned 11.35%/yr vs 9.72%/yr for NBGIX. Their correlation of 0.90 suggests significant overlap in exposure. GTSAX charges 1.14%/yr vs 0.84%/yr for NBGIX.

Performance

GTSAX vs. NBGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Small Cap Growth Fund (GTSAX) 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, GTSAX achieves a 25.26% return, which is significantly higher than NBGIX's 9.20% return. Over the past 10 years, GTSAX has outperformed NBGIX with an annualized return of 11.35%, while NBGIX has yielded a comparatively lower 9.72% annualized return.

GTSAX

• 1D: -3.20%
• 1M: 4.58%
• YTD: 25.26%
• 6M: 22.06%
• 1Y: 37.60%
• 3Y*: 17.92%
• 5Y*: 1.73%
• 10Y*: 11.35%

NBGIX

• 1D: -0.58%
• 1M: 3.34%
• YTD: 9.20%
• 6M: 6.70%
• 1Y: 8.79%
• 3Y*: 7.06%
• 5Y*: 3.09%
• 10Y*: 9.72%

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

GTSAX vs. NBGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GTSAX Invesco Small Cap Growth Fund	25.26%	5.80%	16.19%	12.66%	-35.61%	5.71%	57.23%	24.30%	-9.16%	24.94%
NBGIX Neuberger Berman Genesis Fund Institutional Class	9.20%	-4.55%	9.20%	15.73%	-19.35%	18.25%	25.07%	29.68%	-6.76%	16.02%

Correlation

The correlation between GTSAX and NBGIX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.86
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 Jun 30, 1999	0.90

The correlation between GTSAX and NBGIX shifts across timeframes, from 0.77 (1 year) to 0.90 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

GTSAX vs. NBGIX — Risk / Return Rank

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

GTSAX

GTSAX Risk / Return Rank: 47
GTSAX Sharpe Ratio Rank: 39
GTSAX Sortino Ratio Rank: 35
GTSAX Omega Ratio Rank: 35
GTSAX Calmar Ratio Rank: 70
GTSAX Martin Ratio Rank: 59

NBGIX

NBGIX Risk / Return Rank: 9
NBGIX Sharpe Ratio Rank: 8
NBGIX Sortino Ratio Rank: 9
NBGIX Omega Ratio Rank: 8
NBGIX Calmar Ratio Rank: 11
NBGIX Martin Ratio Rank: 10

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.

GTSAX vs. NBGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Small Cap Growth Fund (GTSAX) 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.

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.

	GTSAX	NBGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	0.61	+1.00
Sortino ratio: Return per unit of downside risk	2.17	1.03	+1.14
Omega ratio: Gain probability vs. loss probability	1.28	1.11	+0.16
Calmar ratio: Return relative to maximum drawdown	2.96	0.92	+2.04
Martin ratio: Return relative to average drawdown	10.64	2.45	+8.20

GTSAX vs. NBGIX - Sharpe Ratio Comparison

The current GTSAX Sharpe Ratio is 1.60, which is higher than the NBGIX Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of GTSAX 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.

Drawdowns

GTSAX vs. NBGIX - Drawdown Comparison

The maximum GTSAX drawdown since its inception was -63.62%, which is greater than NBGIX's maximum drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for GTSAX and NBGIX.

Drawdown Indicators

	GTSAX	NBGIX	Difference
Max Drawdown Largest peak-to-trough decline	-63.62%	-51.62%	-12.00%
Max Drawdown (1Y) Largest decline over 1 year	-13.42%	-10.75%	-2.67%
Max Drawdown (3Y) Largest decline over 3 years	-29.24%	-27.48%	-1.76%
Max Drawdown (5Y) Largest decline over 5 years	-47.85%	-28.27%	-19.58%
Max Drawdown (10Y) Largest decline over 10 years	-47.85%	-34.53%	-13.32%
Current Drawdown Current decline from peak	-3.20%	-6.85%	+3.65%
Average Drawdown Average peak-to-trough decline	-18.91%	-7.47%	-11.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.71%	4.02%	-0.31%

Volatility

GTSAX vs. NBGIX - Volatility Comparison

Invesco Small Cap Growth Fund (GTSAX) has a higher volatility of 10.22% compared to Neuberger Berman Genesis Fund Institutional Class (NBGIX) at 4.50%. This indicates that GTSAX's price experiences larger fluctuations and is considered to be riskier than NBGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GTSAX	NBGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.22%	4.50%	+5.72%
Volatility (6M) Calculated over the trailing 6-month period	20.22%	11.58%	+8.64%
Volatility (1Y) Calculated over the trailing 1-year period	24.77%	16.30%	+8.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.87%	19.70%	+5.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.33%	20.21%	+4.12%

GTSAX vs. NBGIX - Expense Ratio Comparison

GTSAX has a 1.14% expense ratio, which is higher than NBGIX's 0.84% expense ratio.

Dividends

GTSAX vs. NBGIX - Dividend Comparison

GTSAX's dividend yield for the trailing twelve months is around 8.34%, less than NBGIX's 15.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GTSAX Invesco Small Cap Growth Fund	8.34%	10.45%	0.00%	0.00%	3.60%	38.91%	13.85%	8.96%	9.76%	9.23%	9.35%	10.11%
NBGIX Neuberger Berman Genesis Fund Institutional Class	15.03%	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 GTSAX and NBGIX in my portfolio?

GTSAX and NBGIX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GTSAX or NBGIX?

GTSAX has higher volatility (10.22%) compared to NBGIX (4.50%). In terms of maximum drawdown, GTSAX dropped -63.62% vs NBGIX's -51.62%.

Which has better risk-adjusted returns?

GTSAX currently has the higher Sharpe Ratio (1.60 vs 0.61), 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.