NBHIX vs. SWLVX

Last updated Jun 3, 2026

NBHIX (Neuberger Berman Equity Income Fund) and SWLVX (Schwab U.S. Large-Cap Value Index Fund) are both Large Cap Value Equities funds. Over the past 5 years, NBHIX returned 8.36%/yr vs 10.24%/yr for SWLVX. Their correlation of 0.92 suggests significant overlap in exposure. NBHIX charges 0.70%/yr vs 0.04%/yr for SWLVX.

Performance

NBHIX vs. SWLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Equity Income Fund (NBHIX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBHIX achieves a 5.49% return, which is significantly lower than SWLVX's 13.35% return.

NBHIX

• 1D: -1.28%
• 1M: -1.10%
• YTD: 5.49%
• 6M: 5.77%
• 1Y: 13.75%
• 3Y*: 14.45%
• 5Y*: 8.36%
• 10Y*: 9.41%

SWLVX

• 1D: -0.27%
• 1M: 2.85%
• YTD: 13.35%
• 6M: 14.91%
• 1Y: 28.00%
• 3Y*: 18.26%
• 5Y*: 10.24%
• 10Y*: —

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

NBHIX vs. SWLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NBHIX Neuberger Berman Equity Income Fund	5.49%	17.69%	13.38%	3.87%	-4.24%	21.67%	3.00%	21.52%	-5.57%	0.54%
SWLVX Schwab U.S. Large-Cap Value Index Fund	13.35%	15.87%	14.36%	11.45%	-7.61%	25.15%	2.64%	26.49%	-8.39%	0.30%

Correlation

The correlation between NBHIX and SWLVX is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Dec 20, 2017	0.92

The correlation between NBHIX and SWLVX has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.

Return for Risk

NBHIX vs. SWLVX — Risk / Return Rank

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

NBHIX

NBHIX Risk / Return Rank: 21
NBHIX Sharpe Ratio Rank: 23
NBHIX Sortino Ratio Rank: 20
NBHIX Omega Ratio Rank: 23
NBHIX Calmar Ratio Rank: 19
NBHIX Martin Ratio Rank: 21

SWLVX

SWLVX Risk / Return Rank: 81
SWLVX Sharpe Ratio Rank: 81
SWLVX Sortino Ratio Rank: 78
SWLVX Omega Ratio Rank: 72
SWLVX Calmar Ratio Rank: 86
SWLVX Martin Ratio Rank: 89

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. SWLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Equity Income Fund (NBHIX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX). 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.

	NBHIX	SWLVX	Difference
Sharpe ratio Return per unit of total volatility	1.40	2.63	-1.23
Sortino ratio Return per unit of downside risk	1.93	3.71	-1.78
Omega ratio Gain probability vs. loss probability	1.25	1.48	-0.23
Calmar ratio Return relative to maximum drawdown	1.63	4.14	-2.51
Martin ratio Return relative to average drawdown	5.55	17.46	-11.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NBHIX vs. SWLVX - Sharpe Ratio Comparison

The current NBHIX Sharpe Ratio is 1.40, which is lower than the SWLVX Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of NBHIX and SWLVX, 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

	NBHIX	SWLVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	2.63	-1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.69	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.56	-0.04

Drawdowns

NBHIX vs. SWLVX - Drawdown Comparison

The maximum NBHIX drawdown since its inception was -40.07%, roughly equal to the maximum SWLVX drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for NBHIX and SWLVX.

Drawdown Indicators

	NBHIX	SWLVX	Difference
Max Drawdown Largest peak-to-trough decline	-40.07%	-38.34%	-1.73%
Max Drawdown (1Y) Largest decline over 1 year	-8.72%	-6.82%	-1.90%
Max Drawdown (3Y) Largest decline over 3 years	-11.22%	-15.61%	+4.39%
Max Drawdown (5Y) Largest decline over 5 years	-17.90%	-19.05%	+1.15%
Max Drawdown (10Y) Largest decline over 10 years	-33.97%	—	—
Current Drawdown Current decline from peak	-5.05%	-0.38%	-4.67%
Average Drawdown Average peak-to-trough decline	-4.93%	-4.84%	-0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	1.62%	+0.94%

Volatility

NBHIX vs. SWLVX - Volatility Comparison

Neuberger Berman Equity Income Fund (NBHIX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX) have volatilities of 3.18% and 3.04%, 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

	NBHIX	SWLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.18%	3.04%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	8.68%	8.19%	+0.49%
Volatility (1Y) Calculated over the trailing 1-year period	10.50%	10.79%	-0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.63%	14.85%	-1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.75%	18.56%	-3.81%

NBHIX vs. SWLVX - Expense Ratio Comparison

NBHIX has a 0.70% expense ratio, which is higher than SWLVX's 0.04% expense ratio.

Dividends

NBHIX vs. SWLVX - Dividend Comparison

NBHIX's dividend yield for the trailing twelve months is around 1.51%, less than SWLVX's 1.78% 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%
SWLVX Schwab U.S. Large-Cap Value Index Fund	1.78%	2.02%	2.75%	2.56%	2.29%	4.86%	2.00%	4.35%	1.87%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NBHIX and SWLVX in my portfolio?

NBHIX and SWLVX have a correlation of 0.84, 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 SWLVX?

NBHIX has higher volatility (3.18%) compared to SWLVX (3.04%). In terms of maximum drawdown, NBHIX dropped -40.07% vs SWLVX's -38.34%.

Which has better risk-adjusted returns?

SWLVX currently has the higher Sharpe Ratio (2.63 vs 1.40), 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.