MERDX vs. NBGIX

Last updated Jun 4, 2026

MERDX (Meridian Growth Fund) and NBGIX (Neuberger Berman Genesis Fund Institutional Class) are both Small Cap Growth Equities funds. Over the past 10 years, MERDX returned 7.17%/yr vs 9.17%/yr for NBGIX. Their correlation of 0.89 suggests significant overlap in exposure. MERDX charges 0.85%/yr vs 0.84%/yr for NBGIX.

Performance

MERDX vs. NBGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Meridian Growth Fund (MERDX) 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, MERDX achieves a 5.24% return, which is significantly lower than NBGIX's 6.58% return. Over the past 10 years, MERDX has underperformed NBGIX with an annualized return of 7.17%, while NBGIX has yielded a comparatively higher 9.17% annualized return.

MERDX

• 1D: -0.18%
• 1M: 3.69%
• YTD: 5.24%
• 6M: 4.56%
• 1Y: 5.46%
• 3Y*: 2.79%
• 5Y*: -2.22%
• 10Y*: 7.17%

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)

MERDX vs. NBGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MERDX Meridian Growth Fund	5.24%	-6.25%	6.42%	15.29%	-29.13%	15.58%	24.93%	27.67%	-7.30%	25.64%
NBGIX Neuberger Berman Genesis Fund Institutional Class	6.58%	-4.55%	9.20%	15.73%	-19.35%	18.25%	25.07%	29.68%	-6.76%	16.02%

Correlation

The correlation between MERDX and NBGIX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jul 1, 1999	0.89

The correlation between MERDX and NBGIX has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.

Return for Risk

MERDX vs. NBGIX — Risk / Return Rank

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

MERDX

MERDX Risk / Return Rank: 5
MERDX Sharpe Ratio Rank: 5
MERDX Sortino Ratio Rank: 5
MERDX Omega Ratio Rank: 5
MERDX Calmar Ratio Rank: 5
MERDX Martin Ratio Rank: 5

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.

MERDX vs. NBGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Meridian Growth Fund (MERDX) 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.

	MERDX	NBGIX	Difference
Sharpe ratio: Return per unit of total volatility	0.41	0.57	-0.16
Sortino ratio: Return per unit of downside risk	0.70	0.97	-0.27
Omega ratio: Gain probability vs. loss probability	1.08	1.11	-0.03
Calmar ratio: Return relative to maximum drawdown	0.49	0.86	-0.37
Martin ratio: Return relative to average drawdown	1.32	2.30	-0.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MERDX vs. NBGIX - Sharpe Ratio Comparison

The current MERDX Sharpe Ratio is 0.41, which is comparable to the NBGIX Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of MERDX 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

	MERDX	NBGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.41	0.57	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.11	0.14	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.46	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.54	-0.09

Drawdowns

MERDX vs. NBGIX - Drawdown Comparison

The maximum MERDX drawdown since its inception was -48.45%, smaller than the maximum NBGIX drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for MERDX and NBGIX.

Drawdown Indicators

	MERDX	NBGIX	Difference
Max Drawdown Largest peak-to-trough decline	-48.45%	-51.62%	+3.17%
Max Drawdown (1Y) Largest decline over 1 year	-14.50%	-10.75%	-3.75%
Max Drawdown (3Y) Largest decline over 3 years	-24.32%	-27.48%	+3.16%
Max Drawdown (5Y) Largest decline over 5 years	-37.93%	-28.27%	-9.66%
Max Drawdown (10Y) Largest decline over 10 years	-40.64%	-34.53%	-6.11%
Current Drawdown Current decline from peak	-20.79%	-9.08%	-11.71%
Average Drawdown Average peak-to-trough decline	-10.28%	-7.47%	-2.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.31%	3.98%	+1.33%

Volatility

MERDX vs. NBGIX - Volatility Comparison

Meridian Growth Fund (MERDX) has a higher volatility of 4.31% compared to Neuberger Berman Genesis Fund Institutional Class (NBGIX) at 4.06%. This indicates that MERDX'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

	MERDX	NBGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	4.06%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	12.09%	11.31%	+0.78%
Volatility (1Y) Calculated over the trailing 1-year period	17.34%	16.04%	+1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.44%	19.66%	+1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.32%	20.23%	+1.09%

MERDX vs. NBGIX - Expense Ratio Comparison

MERDX has a 0.85% expense ratio, which is higher than NBGIX's 0.84% expense ratio.

Dividends

MERDX vs. NBGIX - Dividend Comparison

MERDX's dividend yield for the trailing twelve months is around 8.58%, less than NBGIX's 15.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MERDX Meridian Growth Fund	8.58%	9.03%	0.24%	0.00%	13.80%	15.49%	0.88%	9.15%	16.44%	7.07%	0.57%	12.17%
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 MERDX and NBGIX in my portfolio?

MERDX and NBGIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MERDX or NBGIX?

MERDX has higher volatility (4.31%) compared to NBGIX (4.06%). In terms of maximum drawdown, MERDX dropped -48.45% vs NBGIX's -51.62%.

Which has better risk-adjusted returns?

NBGIX currently has the higher Sharpe Ratio (0.57 vs 0.41), 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.