NBGNX vs. ^GSPC
NBGNX (Neuberger Berman Genesis Fund) is Small Cap Growth Equities fund managed by Neuberger Berman, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, NBGNX returned 9.60%/yr vs 13.71%/yr for ^GSPC. A 0.78 correlation means they provide meaningful diversification when combined.
Performance
NBGNX vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, NBGNX achieves a 9.74% return, which is significantly higher than ^GSPC's 7.60% return. Over the past 10 years, NBGNX has underperformed ^GSPC with an annualized return of 9.60%, while ^GSPC has yielded a comparatively higher 13.71% annualized return.
NBGNX
- 1D
- -0.05%
- 1M
- 3.92%
- YTD
- 9.74%
- 6M
- 7.46%
- 1Y
- 10.25%
- 3Y*
- 7.10%
- 5Y*
- 3.26%
- 10Y*
- 9.60%
^GSPC
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
NBGNX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NBGNX Neuberger Berman Genesis Fund | 9.74% | -4.70% | 9.04% | 15.57% | -19.49% | 18.07% | 24.86% | 29.47% | -6.91% | 15.83% |
^GSPC S&P 500 Index | 7.60% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between NBGNX and ^GSPC is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 1988 | 0.78 |
The correlation between NBGNX and ^GSPC shifts across timeframes, from 0.66 (1 year) to 0.83 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
NBGNX vs. ^GSPC — Risk / Return Rank
NBGNX
^GSPC
NBGNX vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Genesis Fund (NBGNX) and S&P 500 Index (^GSPC). 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.
| NBGNX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.32 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 2.46 | -1.35 |
| Martin ratioReturn relative to average drawdown | 2.94 | 10.92 | -7.97 |
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Drawdowns
NBGNX vs. ^GSPC - Drawdown Comparison
The maximum NBGNX drawdown since its inception was -51.75%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for NBGNX and ^GSPC.
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Drawdown Indicators
| NBGNX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.75% | -56.78% | +5.03% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -9.10% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -27.51% | -18.90% | -8.61% |
Max Drawdown (5Y)Largest decline over 5 years | -28.33% | -25.43% | -2.90% |
Max Drawdown (10Y)Largest decline over 10 years | -34.53% | -33.92% | -0.61% |
Current DrawdownCurrent decline from peak | -6.52% | -3.21% | -3.31% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -10.71% | +3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 2.04% | +2.00% |
Volatility
NBGNX vs. ^GSPC - Volatility Comparison
The current volatility for Neuberger Berman Genesis Fund (NBGNX) is 4.41%, while S&P 500 Index (^GSPC) has a volatility of 4.89%. This indicates that NBGNX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NBGNX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 4.89% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 9.93% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.32% | 12.57% | +3.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.70% | 17.00% | +2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.24% | 18.08% | +2.16% |
Frequently Asked Questions
NBGNX and ^GSPC have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^GSPC has higher volatility (4.89%) compared to NBGNX (4.41%). In terms of maximum drawdown, NBGNX dropped -51.75% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.78 vs 0.73), 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.
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