Correlation
The correlation between NBGIX and SPLG is 0.86, 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.
NBGIX vs. SPLG
Compare and contrast key facts about Neuberger Berman Genesis Fund Institutional Class (NBGIX) and SPDR Portfolio S&P 500 ETF (SPLG).
NBGIX is managed by Neuberger Berman. It was launched on Jul 1, 1999. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NBGIX or SPLG.
Performance
NBGIX vs. SPLG - Performance Comparison
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Key characteristics
NBGIX:
-0.14
SPLG:
0.73
NBGIX:
-0.09
SPLG:
1.04
NBGIX:
0.99
SPLG:
1.15
NBGIX:
-0.13
SPLG:
0.68
NBGIX:
-0.33
SPLG:
2.58
NBGIX:
11.56%
SPLG:
4.93%
NBGIX:
22.49%
SPLG:
19.61%
NBGIX:
-51.35%
SPLG:
-54.52%
NBGIX:
-18.05%
SPLG:
-3.53%
Returns By Period
In the year-to-date period, NBGIX achieves a -6.45% return, which is significantly lower than SPLG's 0.89% return. Over the past 10 years, NBGIX has underperformed SPLG with an annualized return of 2.01%, while SPLG has yielded a comparatively higher 12.72% annualized return.
NBGIX
-6.45%
4.03%
-17.05%
-3.93%
5.16%
4.52%
2.01%
SPLG
0.89%
5.54%
-1.55%
13.29%
14.31%
15.91%
12.72%
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NBGIX vs. SPLG - Expense Ratio Comparison
NBGIX has a 0.84% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
NBGIX vs. SPLG — Risk-Adjusted Performance Rank
NBGIX
SPLG
NBGIX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Genesis Fund Institutional Class (NBGIX) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
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Dividends
NBGIX vs. SPLG - Dividend Comparison
NBGIX's dividend yield for the trailing twelve months is around 2.29%, more than SPLG's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NBGIX Neuberger Berman Genesis Fund Institutional Class | 2.29% | 2.14% | 3.13% | 11.11% | 10.91% | 3.87% | 6.00% | 12.49% | 14.10% | 6.53% | 11.28% | 9.01% |
SPLG SPDR Portfolio S&P 500 ETF | 1.29% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
NBGIX vs. SPLG - Drawdown Comparison
The maximum NBGIX drawdown since its inception was -51.35%, smaller than the maximum SPLG drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for NBGIX and SPLG.
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Volatility
NBGIX vs. SPLG - Volatility Comparison
Neuberger Berman Genesis Fund Institutional Class (NBGIX) has a higher volatility of 6.33% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 4.80%. This indicates that NBGIX's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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