NBHIX vs. NFJEX

Last updated Jul 17, 2026

NBHIX (Neuberger Berman Equity Income Fund) and NFJEX (Virtus NFJ Dividend Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, NBHIX returned 9.23%/yr vs 9.82%/yr for NFJEX. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.70% expense ratio.

Performance

NBHIX vs. NFJEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Equity Income Fund (NBHIX) and Virtus NFJ Dividend Value Fund (NFJEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBHIX achieves a 7.07% return, which is significantly lower than NFJEX's 22.28% return. Over the past 10 years, NBHIX has underperformed NFJEX with an annualized return of 9.23%, while NFJEX has yielded a comparatively higher 9.82% annualized return.

NBHIX

• 1D: 0.00%
• 1M: -0.83%
• 6M: 2.76%
• YTD: 7.07%
• 1Y: 13.34%
• 3Y*: 13.66%
• 5Y*: 9.09%
• 10Y*: 9.23%

NFJEX

• 1D: 0.49%
• 1M: 2.10%
• 6M: 17.96%
• YTD: 22.28%
• 1Y: 30.62%
• 3Y*: 14.97%
• 5Y*: 9.87%
• 10Y*: 9.82%

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

NBHIX vs. NFJEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NBHIX Neuberger Berman Equity Income Fund	7.07%	17.69%	13.38%	3.87%	-4.24%	21.67%	3.00%	21.52%	-5.57%	13.26%
NFJEX Virtus NFJ Dividend Value Fund	22.28%	8.46%	5.29%	19.79%	-13.63%	28.90%	-2.13%	25.12%	-10.15%	15.49%

Correlation

The correlation between NBHIX and NFJEX is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Nov 2, 2006	0.88

The correlation between NBHIX and NFJEX shifts across timeframes, from 0.77 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NBHIX vs. NFJEX — Risk / Return Rank

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

NBHIX

NBHIX Risk / Return Rank: 29
NBHIX Sharpe Ratio Rank: 31
NBHIX Sortino Ratio Rank: 30
NBHIX Omega Ratio Rank: 30
NBHIX Calmar Ratio Rank: 27
NBHIX Martin Ratio Rank: 25

NFJEX

NFJEX Risk / Return Rank: 88
NFJEX Sharpe Ratio Rank: 87
NFJEX Sortino Ratio Rank: 86
NFJEX Omega Ratio Rank: 81
NFJEX Calmar Ratio Rank: 93
NFJEX Martin Ratio Rank: 91

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.

NBHIX vs. NFJEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Equity Income Fund (NBHIX) and Virtus NFJ Dividend Value Fund (NFJEX). 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.

	NBHIX	NFJEX	Difference
Sharpe ratio: Return per unit of total volatility	1.28	2.39	-1.11
Sortino ratio: Return per unit of downside risk	1.80	3.45	-1.65
Omega ratio: Gain probability vs. loss probability	1.23	1.42	-0.20
Calmar ratio: Return relative to maximum drawdown	1.58	4.23	-2.66
Martin ratio: Return relative to average drawdown	4.69	14.53	-9.84

NBHIX vs. NFJEX - Sharpe Ratio Comparison

The current NBHIX Sharpe Ratio is 1.28, which is lower than the NFJEX Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of NBHIX and NFJEX, 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

NBHIX vs. NFJEX - Drawdown Comparison

The maximum NBHIX drawdown since its inception was -40.07%, smaller than the maximum NFJEX drawdown of -61.94%. Use the drawdown chart below to compare losses from any high point for NBHIX and NFJEX.

Drawdown Indicators

	NBHIX	NFJEX	Difference
Max Drawdown Largest peak-to-trough decline	-40.07%	-61.94%	+21.87%
Max Drawdown (1Y) Largest decline over 1 year	-8.72%	-7.38%	-1.34%
Max Drawdown (3Y) Largest decline over 3 years	-11.22%	-19.69%	+8.47%
Max Drawdown (5Y) Largest decline over 5 years	-17.90%	-23.29%	+5.39%
Max Drawdown (10Y) Largest decline over 10 years	-33.97%	-39.25%	+5.28%
Current Drawdown Current decline from peak	-3.63%	0.00%	-3.63%
Average Drawdown Average peak-to-trough decline	-4.92%	-9.57%	+4.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	2.15%	+0.77%

Volatility

NBHIX vs. NFJEX - Volatility Comparison

Neuberger Berman Equity Income Fund (NBHIX) has a higher volatility of 2.61% compared to Virtus NFJ Dividend Value Fund (NFJEX) at 2.24%. This indicates that NBHIX's price experiences larger fluctuations and is considered to be riskier than NFJEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBHIX	NFJEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	2.24%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	8.41%	9.64%	-1.23%
Volatility (1Y) Calculated over the trailing 1-year period	10.84%	13.19%	-2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.63%	16.55%	-2.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.72%	18.04%	-3.32%

NBHIX vs. NFJEX - Expense Ratio Comparison

Both NBHIX and NFJEX have an expense ratio of 0.70%.

Dividends

NBHIX vs. NFJEX - Dividend Comparison

NBHIX's dividend yield for the trailing twelve months is around 1.51%, less than NFJEX's 10.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NBHIX Neuberger Berman Equity Income Fund	1.51%	1.54%	7.09%	6.16%	7.83%	10.73%	2.18%	5.75%	7.71%	6.77%	5.92%	6.72%
NFJEX Virtus NFJ Dividend Value Fund	10.07%	12.61%	3.51%	14.16%	19.01%	6.43%	1.96%	14.20%	27.33%	27.35%	6.05%	2.77%

Frequently Asked Questions

Can I hold both NBHIX and NFJEX in my portfolio?

NBHIX and NFJEX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NBHIX or NFJEX?

NBHIX has higher volatility (2.61%) compared to NFJEX (2.24%). In terms of maximum drawdown, NBHIX dropped -40.07% vs NFJEX's -61.94%.

Which has better risk-adjusted returns?

NFJEX currently has the higher Sharpe Ratio (2.39 vs 1.28), 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.