NBGNX vs. ETMGX

Last updated Jun 25, 2026

NBGNX (Neuberger Berman Genesis Fund) and ETMGX (Eaton Vance Tax-Managed Small-Cap Fund) are both Small Cap Growth Equities funds. Over the past 10 years, NBGNX returned 9.54%/yr vs 8.41%/yr for ETMGX. Their correlation of 0.94 suggests significant overlap in exposure. NBGNX charges 0.99%/yr vs 1.11%/yr for ETMGX.

Performance

NBGNX vs. ETMGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Genesis Fund (NBGNX) and Eaton Vance Tax-Managed Small-Cap Fund (ETMGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBGNX achieves a 9.11% return, which is significantly higher than ETMGX's 5.60% return. Over the past 10 years, NBGNX has outperformed ETMGX with an annualized return of 9.54%, while ETMGX has yielded a comparatively lower 8.41% annualized return.

NBGNX

• 1D: -0.58%
• 1M: 3.32%
• YTD: 9.11%
• 6M: 6.62%
• 1Y: 8.62%
• 3Y*: 6.89%
• 5Y*: 2.93%
• 10Y*: 9.54%

ETMGX

• 1D: -0.27%
• 1M: 4.18%
• YTD: 5.60%
• 6M: 3.34%
• 1Y: 2.32%
• 3Y*: 5.11%
• 5Y*: 1.77%
• 10Y*: 8.41%

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

NBGNX vs. ETMGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NBGNX Neuberger Berman Genesis Fund	9.11%	-4.70%	9.04%	15.57%	-19.49%	18.07%	24.86%	29.47%	-6.91%	15.83%
ETMGX Eaton Vance Tax-Managed Small-Cap Fund	5.60%	-6.63%	11.43%	11.06%	-16.53%	20.91%	12.33%	27.32%	-5.86%	15.26%

Correlation

The correlation between NBGNX and ETMGX is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	0.94

The correlation between NBGNX and ETMGX has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

Return for Risk

NBGNX vs. ETMGX — Risk / Return Rank

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

NBGNX

NBGNX Risk / Return Rank: 9
NBGNX Sharpe Ratio Rank: 8
NBGNX Sortino Ratio Rank: 9
NBGNX Omega Ratio Rank: 7
NBGNX Calmar Ratio Rank: 10
NBGNX Martin Ratio Rank: 9

ETMGX

ETMGX Risk / Return Rank: 4
ETMGX Sharpe Ratio Rank: 4
ETMGX Sortino Ratio Rank: 5
ETMGX Omega Ratio Rank: 4
ETMGX Calmar Ratio Rank: 5
ETMGX Martin Ratio Rank: 4

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.

NBGNX vs. ETMGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Genesis Fund (NBGNX) and Eaton Vance Tax-Managed Small-Cap Fund (ETMGX). 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	ETMGX	Difference
Sharpe ratio: Return per unit of total volatility	0.60	0.24	+0.35
Sortino ratio: Return per unit of downside risk	1.02	0.49	+0.53
Omega ratio: Gain probability vs. loss probability	1.11	1.05	+0.06
Calmar ratio: Return relative to maximum drawdown	0.90	0.30	+0.60
Martin ratio: Return relative to average drawdown	2.39	0.66	+1.73

NBGNX vs. ETMGX - Sharpe Ratio Comparison

The current NBGNX Sharpe Ratio is 0.60, which is higher than the ETMGX Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of NBGNX and ETMGX, 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

NBGNX vs. ETMGX - Drawdown Comparison

The maximum NBGNX drawdown since its inception was -51.75%, which is greater than ETMGX's maximum drawdown of -37.02%. Use the drawdown chart below to compare losses from any high point for NBGNX and ETMGX.

Drawdown Indicators

	NBGNX	ETMGX	Difference
Max Drawdown Largest peak-to-trough decline	-51.75%	-37.02%	-14.73%
Max Drawdown (1Y) Largest decline over 1 year	-10.77%	-13.14%	+2.37%
Max Drawdown (3Y) Largest decline over 3 years	-27.51%	-22.28%	-5.23%
Max Drawdown (5Y) Largest decline over 5 years	-28.33%	-25.14%	-3.19%
Max Drawdown (10Y) Largest decline over 10 years	-34.53%	-37.02%	+2.49%
Current Drawdown Current decline from peak	-7.06%	-9.49%	+2.43%
Average Drawdown Average peak-to-trough decline	-7.15%	-6.60%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	5.95%	-1.91%

Volatility

NBGNX vs. ETMGX - Volatility Comparison

Neuberger Berman Genesis Fund (NBGNX) and Eaton Vance Tax-Managed Small-Cap Fund (ETMGX) have volatilities of 4.48% and 4.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBGNX	ETMGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	4.65%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	11.58%	11.51%	+0.07%
Volatility (1Y) Calculated over the trailing 1-year period	16.30%	16.34%	-0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.70%	18.77%	+0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.21%	19.94%	+0.27%

NBGNX vs. ETMGX - Expense Ratio Comparison

NBGNX has a 0.99% expense ratio, which is lower than ETMGX's 1.11% expense ratio.

Dividends

NBGNX vs. ETMGX - Dividend Comparison

NBGNX's dividend yield for the trailing twelve months is around 14.99%, more than ETMGX's 6.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETMGX Eaton Vance Tax-Managed Small-Cap Fund	6.67%	7.04%	2.85%	1.36%	2.80%	8.28%	0.09%	6.50%	7.75%	11.87%	6.00%	5.50%
NBGNX Neuberger Berman Genesis Fund	14.99%	16.36%	2.15%	3.03%	11.05%	10.92%	3.84%	5.82%	12.24%	13.89%	11.21%	18.52%

Frequently Asked Questions

Can I hold both NBGNX and ETMGX in my portfolio?

With a correlation of 0.94, NBGNX and ETMGX 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, NBGNX or ETMGX?

ETMGX has higher volatility (4.65%) compared to NBGNX (4.48%). In terms of maximum drawdown, NBGNX dropped -51.75% vs ETMGX's -37.02%.

Which has better risk-adjusted returns?

NBGNX currently has the higher Sharpe Ratio (0.60 vs 0.24), 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.