NBGNX vs. NGUAX

Last updated Jun 4, 2026

NBGNX (Neuberger Berman Genesis Fund) and NGUAX (Neuberger Berman Guardian Fund) are both mutual funds - NBGNX is a Small Cap Growth Equities fund managed by Neuberger Berman, while NGUAX is a Large Cap Growth Equities fund managed by Neuberger Berman. Over the past 10 years, NBGNX returned 8.99%/yr vs 16.09%/yr for NGUAX. A 0.78 correlation means they provide meaningful diversification when combined. NBGNX charges 0.99%/yr vs 0.82%/yr for NGUAX.

Performance

NBGNX vs. NGUAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Genesis Fund (NBGNX) and Neuberger Berman Guardian Fund (NGUAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBGNX achieves a 6.50% return, which is significantly lower than NGUAX's 7.00% return. Over the past 10 years, NBGNX has underperformed NGUAX with an annualized return of 8.99%, while NGUAX has yielded a comparatively higher 16.09% annualized return.

NBGNX

• 1D: 0.55%
• 1M: 0.48%
• YTD: 6.50%
• 6M: 4.16%
• 1Y: 7.41%
• 3Y*: 6.32%
• 5Y*: 2.65%
• 10Y*: 8.99%

NGUAX

• 1D: -0.44%
• 1M: 4.75%
• YTD: 7.00%
• 6M: 6.21%
• 1Y: 19.21%
• 3Y*: 20.05%
• 5Y*: 12.70%
• 10Y*: 16.09%

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

NBGNX vs. NGUAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NBGNX Neuberger Berman Genesis Fund	6.50%	-4.70%	9.04%	15.57%	-19.49%	18.07%	24.86%	29.47%	-6.91%	15.83%
NGUAX Neuberger Berman Guardian Fund	7.00%	14.38%	23.80%	35.98%	-24.47%	27.43%	34.56%	36.69%	-7.16%	25.28%

Correlation

The correlation between NBGNX and NGUAX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Sep 28, 1988	0.78

Over the past year, the correlation between NBGNX and NGUAX has dropped to 0.50 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

Return for Risk

NBGNX vs. NGUAX — Risk / Return Rank

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

NBGNX

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

NGUAX

NGUAX Risk / Return Rank: 22
NGUAX Sharpe Ratio Rank: 27
NGUAX Sortino Ratio Rank: 25
NGUAX Omega Ratio Rank: 26
NGUAX Calmar Ratio Rank: 16
NGUAX Martin Ratio Rank: 17

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. NGUAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Genesis Fund (NBGNX) and Neuberger Berman Guardian Fund (NGUAX). 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.

	NBGNX	NGUAX	Difference
Sharpe ratio Return per unit of total volatility	0.56	1.48	-0.92
Sortino ratio Return per unit of downside risk	0.96	2.08	-1.12
Omega ratio Gain probability vs. loss probability	1.11	1.26	-0.16
Calmar ratio Return relative to maximum drawdown	0.84	1.40	-0.56
Martin ratio Return relative to average drawdown	2.25	4.82	-2.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NBGNX vs. NGUAX - Sharpe Ratio Comparison

The current NBGNX Sharpe Ratio is 0.56, which is lower than the NGUAX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of NBGNX and NGUAX, 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

	NBGNX	NGUAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	1.48	-0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.70	-0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.88	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.04	+0.61

Drawdowns

NBGNX vs. NGUAX - Drawdown Comparison

The maximum NBGNX drawdown since its inception was -51.75%, smaller than the maximum NGUAX drawdown of -78.07%. Use the drawdown chart below to compare losses from any high point for NBGNX and NGUAX.

Drawdown Indicators

	NBGNX	NGUAX	Difference
Max Drawdown Largest peak-to-trough decline	-51.75%	-78.07%	+26.32%
Max Drawdown (1Y) Largest decline over 1 year	-10.77%	-14.16%	+3.39%
Max Drawdown (3Y) Largest decline over 3 years	-27.51%	-20.89%	-6.62%
Max Drawdown (5Y) Largest decline over 5 years	-28.33%	-28.43%	+0.10%
Max Drawdown (10Y) Largest decline over 10 years	-34.53%	-31.99%	-2.54%
Current Drawdown Current decline from peak	-9.29%	-0.44%	-8.85%
Average Drawdown Average peak-to-trough decline	-7.15%	-31.87%	+24.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.99%	4.10%	-0.11%

Volatility

NBGNX vs. NGUAX - Volatility Comparison

Neuberger Berman Genesis Fund (NBGNX) has a higher volatility of 4.06% compared to Neuberger Berman Guardian Fund (NGUAX) at 2.97%. This indicates that NBGNX's price experiences larger fluctuations and is considered to be riskier than NGUAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBGNX	NGUAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.06%	2.97%	+1.09%
Volatility (6M) Calculated over the trailing 6-month period	11.31%	10.18%	+1.13%
Volatility (1Y) Calculated over the trailing 1-year period	16.04%	13.40%	+2.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.66%	18.25%	+1.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.22%	18.27%	+1.95%

NBGNX vs. NGUAX - Expense Ratio Comparison

NBGNX has a 0.99% expense ratio, which is higher than NGUAX's 0.82% expense ratio.

Dividends

NBGNX vs. NGUAX - Dividend Comparison

NBGNX's dividend yield for the trailing twelve months is around 15.36%, more than NGUAX's 11.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NBGNX Neuberger Berman Genesis Fund	15.36%	16.36%	2.15%	3.03%	11.05%	10.92%	3.84%	5.82%	12.24%	13.89%	11.21%	18.52%
NGUAX Neuberger Berman Guardian Fund	11.61%	12.43%	6.01%	4.30%	6.62%	10.92%	7.60%	6.21%	11.21%	6.87%	13.11%	12.82%

Frequently Asked Questions

Can I hold both NBGNX and NGUAX in my portfolio?

NBGNX and NGUAX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NBGNX or NGUAX?

NBGNX has higher volatility (4.06%) compared to NGUAX (2.97%). In terms of maximum drawdown, NBGNX dropped -51.75% vs NGUAX's -78.07%.

Which has better risk-adjusted returns?

NGUAX currently has the higher Sharpe Ratio (1.48 vs 0.56), 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.