NBRFX vs. NLSIX
Compare and contrast key facts about Neuberger Berman Real Estate Fund (NBRFX) and Neuberger Berman Long Short Fund (NLSIX).
NBRFX is managed by Neuberger Berman. It was launched on May 1, 2002. NLSIX is managed by Neuberger Berman. It was launched on Dec 28, 2011.
Performance
NBRFX vs. NLSIX - Performance Comparison
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NBRFX vs. NLSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NBRFX Neuberger Berman Real Estate Fund | 2.18% | -2.14% | 5.02% | 11.70% | -27.35% | 47.87% | -1.34% | 31.06% | -5.31% | 11.59% |
NLSIX Neuberger Berman Long Short Fund | -3.63% | 7.20% | 7.47% | 13.10% | -6.85% | 9.01% | 15.27% | 17.11% | -6.92% | 13.39% |
Returns By Period
In the year-to-date period, NBRFX achieves a 2.18% return, which is significantly higher than NLSIX's -3.63% return. Over the past 10 years, NBRFX has underperformed NLSIX with an annualized return of 5.52%, while NLSIX has yielded a comparatively higher 6.37% annualized return.
NBRFX
- 1D
- 0.37%
- 1M
- -7.25%
- YTD
- 2.18%
- 6M
- -0.71%
- 1Y
- -1.63%
- 3Y*
- 4.67%
- 5Y*
- 3.08%
- 10Y*
- 5.52%
NLSIX
- 1D
- 0.00%
- 1M
- -2.86%
- YTD
- -3.63%
- 6M
- -3.20%
- 1Y
- 3.47%
- 3Y*
- 6.40%
- 5Y*
- 4.72%
- 10Y*
- 6.37%
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NBRFX vs. NLSIX - Expense Ratio Comparison
NBRFX has a 1.39% expense ratio, which is higher than NLSIX's 1.28% expense ratio.
Return for Risk
NBRFX vs. NLSIX — Risk / Return Rank
NBRFX
NLSIX
NBRFX vs. NLSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Real Estate Fund (NBRFX) and Neuberger Berman Long Short Fund (NLSIX). 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.
| NBRFX | NLSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.05 | 0.57 | -0.62 |
Sortino ratioReturn per unit of downside risk | 0.04 | 0.87 | -0.83 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.12 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | -0.08 | 0.63 | -0.70 |
Martin ratioReturn relative to average drawdown | -0.27 | 2.31 | -2.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NBRFX | NLSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 0.57 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.72 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.88 | -0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.91 | -0.60 |
Correlation
The correlation between NBRFX and NLSIX is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
NBRFX vs. NLSIX - Dividend Comparison
NBRFX's dividend yield for the trailing twelve months is around 1.98%, more than NLSIX's 0.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NBRFX Neuberger Berman Real Estate Fund | 1.98% | 2.07% | 1.94% | 2.11% | 12.58% | 7.76% | 2.03% | 4.73% | 6.98% | 6.43% | 14.86% | 9.29% |
NLSIX Neuberger Berman Long Short Fund | 0.05% | 0.05% | 0.02% | 0.97% | 7.01% | 1.13% | 2.15% | 2.39% | 5.91% | 0.00% | 0.00% | 0.01% |
Drawdowns
NBRFX vs. NLSIX - Drawdown Comparison
The maximum NBRFX drawdown since its inception was -70.52%, which is greater than NLSIX's maximum drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for NBRFX and NLSIX.
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Drawdown Indicators
| NBRFX | NLSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.52% | -14.75% | -55.77% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -4.39% | -7.95% |
Max Drawdown (5Y)Largest decline over 5 years | -35.60% | -10.79% | -24.81% |
Max Drawdown (10Y)Largest decline over 10 years | -37.56% | -14.75% | -22.81% |
Current DrawdownCurrent decline from peak | -14.79% | -4.39% | -10.40% |
Average DrawdownAverage peak-to-trough decline | -11.85% | -2.03% | -9.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 1.19% | +2.26% |
Volatility
NBRFX vs. NLSIX - Volatility Comparison
Neuberger Berman Real Estate Fund (NBRFX) has a higher volatility of 3.82% compared to Neuberger Berman Long Short Fund (NLSIX) at 1.89%. This indicates that NBRFX's price experiences larger fluctuations and is considered to be riskier than NLSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NBRFX | NLSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 1.89% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 9.14% | 3.40% | +5.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.95% | 6.34% | +9.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.77% | 6.63% | +13.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.33% | 7.29% | +13.04% |