MPSSX vs. NBGIX

Last updated Jun 6, 2026

MPSSX (BNY Mellon Small Cap Multi-Strategy Fund) and NBGIX (Neuberger Berman Genesis Fund Institutional Class) are both Small Cap Growth Equities funds. Over the past 10 years, MPSSX returned 8.88%/yr vs 9.09%/yr for NBGIX. Their correlation of 0.93 suggests significant overlap in exposure. MPSSX charges 1.01%/yr vs 0.84%/yr for NBGIX.

Performance

MPSSX vs. NBGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Small Cap Multi-Strategy Fund (MPSSX) 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, MPSSX achieves a 14.31% return, which is significantly higher than NBGIX's 6.73% return. Both investments have delivered pretty close results over the past 10 years, with MPSSX having a 8.88% annualized return and NBGIX not far ahead at 9.09%.

MPSSX

• 1D: 1.07%
• 1M: 0.17%
• YTD: 14.31%
• 6M: 12.11%
• 1Y: 29.86%
• 3Y*: 13.79%
• 5Y*: 4.24%
• 10Y*: 8.88%

NBGIX

• 1D: 0.68%
• 1M: -0.66%
• YTD: 6.73%
• 6M: 4.70%
• 1Y: 7.84%
• 3Y*: 6.97%
• 5Y*: 2.68%
• 10Y*: 9.09%

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

MPSSX vs. NBGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MPSSX BNY Mellon Small Cap Multi-Strategy Fund	14.31%	11.99%	7.16%	9.32%	-18.37%	11.50%	30.67%	26.22%	-23.20%	18.40%
NBGIX Neuberger Berman Genesis Fund Institutional Class	6.73%	-4.55%	9.20%	15.73%	-19.35%	18.25%	25.07%	29.68%	-6.76%	16.02%

Correlation

The correlation between MPSSX and NBGIX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Oct 2, 2000	0.93

The correlation between MPSSX and NBGIX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

MPSSX vs. NBGIX — Risk / Return Rank

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

MPSSX

MPSSX Risk / Return Rank: 36
MPSSX Sharpe Ratio Rank: 34
MPSSX Sortino Ratio Rank: 34
MPSSX Omega Ratio Rank: 31
MPSSX Calmar Ratio Rank: 40
MPSSX Martin Ratio Rank: 43

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.

MPSSX vs. NBGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Small Cap Multi-Strategy Fund (MPSSX) 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.

	MPSSX	NBGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.61	0.50	+1.11
Sortino ratio: Return per unit of downside risk	2.34	0.86	+1.48
Omega ratio: Gain probability vs. loss probability	1.28	1.09	+0.19
Calmar ratio: Return relative to maximum drawdown	2.30	0.74	+1.56
Martin ratio: Return relative to average drawdown	8.85	1.98	+6.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MPSSX vs. NBGIX - Sharpe Ratio Comparison

The current MPSSX Sharpe Ratio is 1.61, which is higher than the NBGIX Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of MPSSX 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

	MPSSX	NBGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	0.50	+1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.14	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.45	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.54	-0.23

Drawdowns

MPSSX vs. NBGIX - Drawdown Comparison

The maximum MPSSX drawdown since its inception was -58.11%, which is greater than NBGIX's maximum drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for MPSSX and NBGIX.

Drawdown Indicators

	MPSSX	NBGIX	Difference
Max Drawdown Largest peak-to-trough decline	-58.11%	-51.62%	-6.49%
Max Drawdown (1Y) Largest decline over 1 year	-13.06%	-10.75%	-2.31%
Max Drawdown (3Y) Largest decline over 3 years	-25.78%	-27.48%	+1.70%
Max Drawdown (5Y) Largest decline over 5 years	-30.76%	-28.27%	-2.49%
Max Drawdown (10Y) Largest decline over 10 years	-47.66%	-34.53%	-13.13%
Current Drawdown Current decline from peak	-0.78%	-8.95%	+8.17%
Average Drawdown Average peak-to-trough decline	-12.25%	-7.47%	-4.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	3.99%	-0.60%

Volatility

MPSSX vs. NBGIX - Volatility Comparison

BNY Mellon Small Cap Multi-Strategy Fund (MPSSX) has a higher volatility of 5.05% compared to Neuberger Berman Genesis Fund Institutional Class (NBGIX) at 3.98%. This indicates that MPSSX'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

	MPSSX	NBGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.05%	3.98%	+1.07%
Volatility (6M) Calculated over the trailing 6-month period	13.92%	11.33%	+2.59%
Volatility (1Y) Calculated over the trailing 1-year period	18.72%	16.00%	+2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.79%	19.66%	+2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.98%	20.22%	+2.76%

MPSSX vs. NBGIX - Expense Ratio Comparison

MPSSX has a 1.01% expense ratio, which is higher than NBGIX's 0.84% expense ratio.

Dividends

MPSSX vs. NBGIX - Dividend Comparison

MPSSX's dividend yield for the trailing twelve months is around 36.97%, more than NBGIX's 15.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MPSSX BNY Mellon Small Cap Multi-Strategy Fund	36.97%	42.26%	9.22%	0.54%	2.77%	12.65%	0.61%	3.32%	4.06%	8.49%	0.53%	4.03%
NBGIX Neuberger Berman Genesis Fund Institutional Class	15.38%	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 MPSSX and NBGIX in my portfolio?

With a correlation of 0.91, MPSSX 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, MPSSX or NBGIX?

MPSSX has higher volatility (5.05%) compared to NBGIX (3.98%). In terms of maximum drawdown, MPSSX dropped -58.11% vs NBGIX's -51.62%.

Which has better risk-adjusted returns?

MPSSX currently has the higher Sharpe Ratio (1.61 vs 0.50), 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.