NBHIX vs. NSTLX
NBHIX (Neuberger Berman Equity Income Fund) and NSTLX (Neuberger Berman Strategic Income Fund) are both mutual funds - NBHIX is a Large Cap Value Equities fund managed by Neuberger Berman, while NSTLX is a Multisector Bonds fund managed by Neuberger Berman. Over the past 10 years, NBHIX returned 9.54%/yr vs 4.05%/yr for NSTLX. At a 0.24 correlation, their price movements are largely independent. NBHIX charges 0.70%/yr vs 0.59%/yr for NSTLX.
Performance
NBHIX vs. NSTLX - Performance Comparison
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Returns By Period
In the year-to-date period, NBHIX achieves a 6.47% return, which is significantly higher than NSTLX's 0.56% return. Over the past 10 years, NBHIX has outperformed NSTLX with an annualized return of 9.54%, while NSTLX has yielded a comparatively lower 4.05% annualized return.
NBHIX
- 1D
- -0.18%
- 1M
- -0.91%
- YTD
- 6.47%
- 6M
- 5.72%
- 1Y
- 14.41%
- 3Y*
- 13.75%
- 5Y*
- 9.40%
- 10Y*
- 9.54%
NSTLX
- 1D
- 0.10%
- 1M
- 0.86%
- YTD
- 0.56%
- 6M
- 1.22%
- 1Y
- 6.08%
- 3Y*
- 7.22%
- 5Y*
- 2.75%
- 10Y*
- 4.05%
NBHIX vs. NSTLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NBHIX Neuberger Berman Equity Income Fund | 6.47% | 17.69% | 13.38% | 3.87% | -4.24% | 21.67% | 3.00% | 21.52% | -5.57% | 13.26% |
NSTLX Neuberger Berman Strategic Income Fund | 0.56% | 9.44% | 6.02% | 10.07% | -11.81% | 2.94% | 7.78% | 10.55% | -2.34% | 7.00% |
Correlation
The correlation between NBHIX and NSTLX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2006 | 0.24 |
The correlation between NBHIX and NSTLX shifts across timeframes, from 0.24 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NBHIX vs. NSTLX — Risk / Return Rank
NBHIX
NSTLX
NBHIX vs. NSTLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Equity Income Fund (NBHIX) and Neuberger Berman Strategic Income Fund (NSTLX). 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 | NSTLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.33 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.89 | -0.23 |
| Martin ratioReturn relative to average drawdown | 5.27 | 6.65 | -1.38 |
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Drawdowns
NBHIX vs. NSTLX - Drawdown Comparison
The maximum NBHIX drawdown since its inception was -40.07%, which is greater than NSTLX's maximum drawdown of -19.00%. Use the drawdown chart below to compare losses from any high point for NBHIX and NSTLX.
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Drawdown Indicators
| NBHIX | NSTLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.07% | -19.00% | -21.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.72% | -3.30% | -5.42% |
Max Drawdown (3Y)Largest decline over 3 years | -11.22% | -4.85% | -6.37% |
Max Drawdown (5Y)Largest decline over 5 years | -17.90% | -16.65% | -1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -33.97% | -19.00% | -14.97% |
Current DrawdownCurrent decline from peak | -4.17% | -1.06% | -3.11% |
Average DrawdownAverage peak-to-trough decline | -4.92% | -2.70% | -2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 0.93% | +1.81% |
Volatility
NBHIX vs. NSTLX - Volatility Comparison
Neuberger Berman Equity Income Fund (NBHIX) has a higher volatility of 3.42% compared to Neuberger Berman Strategic Income Fund (NSTLX) at 1.26%. This indicates that NBHIX's price experiences larger fluctuations and is considered to be riskier than NSTLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NBHIX | NSTLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 1.26% | +2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | 2.97% | +5.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.77% | 3.66% | +7.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.65% | 5.08% | +8.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.77% | 4.99% | +9.78% |
NBHIX vs. NSTLX - Expense Ratio Comparison
NBHIX has a 0.70% expense ratio, which is higher than NSTLX's 0.59% expense ratio.
Dividends
NBHIX vs. NSTLX - Dividend Comparison
NBHIX's dividend yield for the trailing twelve months is around 1.50%, less than NSTLX's 5.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NBHIX Neuberger Berman Equity Income Fund | 1.50% | 1.54% | 7.09% | 6.16% | 7.83% | 10.73% | 2.18% | 5.75% | 7.71% | 6.77% | 5.92% | 6.72% |
NSTLX Neuberger Berman Strategic Income Fund | 5.55% | 5.46% | 5.31% | 5.38% | 3.92% | 6.29% | 3.81% | 4.02% | 4.33% | 3.64% | 3.54% | 4.09% |
Frequently Asked Questions
NBHIX and NSTLX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBHIX has higher volatility (3.42%) compared to NSTLX (1.26%). In terms of maximum drawdown, NBHIX dropped -40.07% vs NSTLX's -19.00%.
NSTLX currently has the higher Sharpe Ratio (1.70 vs 1.35), 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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