NBRVX vs. NBSRX

Last updated Jul 3, 2026

NBRVX (Neuberger Berman Mid Cap Intrinsic Value Fund) and NBSRX (Neuberger Berman Sustainable Equity Fund) are both mutual funds - NBRVX is a Mid Cap Value Equities fund managed by Neuberger Berman, while NBSRX is a Large Cap Blend Equities fund managed by Neuberger Berman. Over the past 10 years, NBRVX returned 8.03%/yr vs 14.94%/yr for NBSRX. Their correlation of 0.86 suggests significant overlap in exposure. NBRVX charges 1.49%/yr vs 0.85%/yr for NBSRX.

Performance

NBRVX vs. NBSRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Mid Cap Intrinsic Value Fund (NBRVX) and Neuberger Berman Sustainable Equity Fund (NBSRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with NBRVX having a 15.61% return and NBSRX slightly higher at 15.95%. Over the past 10 years, NBRVX has underperformed NBSRX with an annualized return of 8.03%, while NBSRX has yielded a comparatively higher 14.94% annualized return.

NBRVX

• 1D: -0.33%
• 1M: 0.20%
• 6M: 15.61%
• YTD: 15.61%
• 1Y: 28.06%
• 3Y*: 14.51%
• 5Y*: 7.88%
• 10Y*: 8.03%

NBSRX

• 1D: -0.75%
• 1M: 4.29%
• 6M: 15.95%
• YTD: 15.95%
• 1Y: 28.61%
• 3Y*: 24.26%
• 5Y*: 13.95%
• 10Y*: 14.94%

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

NBRVX vs. NBSRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NBRVX Neuberger Berman Mid Cap Intrinsic Value Fund	15.61%	11.01%	9.11%	11.05%	-9.75%	32.67%	-4.29%	17.22%	-14.98%	9.69%
NBSRX Neuberger Berman Sustainable Equity Fund	15.95%	17.37%	28.23%	26.76%	-18.81%	23.30%	19.35%	25.95%	-6.00%	18.84%

Correlation

The correlation between NBRVX and NBSRX is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since May 28, 1999	0.86

The correlation between NBRVX and NBSRX shifts across timeframes, from 0.71 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NBRVX vs. NBSRX — Risk / Return Rank

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

NBRVX

NBRVX Risk / Return Rank: 69
NBRVX Sharpe Ratio Rank: 66
NBRVX Sortino Ratio Rank: 64
NBRVX Omega Ratio Rank: 57
NBRVX Calmar Ratio Rank: 79
NBRVX Martin Ratio Rank: 77

NBSRX

NBSRX Risk / Return Rank: 76
NBSRX Sharpe Ratio Rank: 72
NBSRX Sortino Ratio Rank: 77
NBSRX Omega Ratio Rank: 72
NBSRX Calmar Ratio Rank: 77
NBSRX Martin Ratio Rank: 80

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.

NBRVX vs. NBSRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Mid Cap Intrinsic Value Fund (NBRVX) and Neuberger Berman Sustainable Equity Fund (NBSRX). 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.

	NBRVX	NBSRX	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.99	-0.14
Sortino ratio: Return per unit of downside risk	2.58	2.98	-0.39
Omega ratio: Gain probability vs. loss probability	1.32	1.37	-0.06
Calmar ratio: Return relative to maximum drawdown	2.97	2.89	+0.08
Martin ratio: Return relative to average drawdown	11.18	11.96	-0.78

NBRVX vs. NBSRX - Sharpe Ratio Comparison

The current NBRVX Sharpe Ratio is 1.84, which is comparable to the NBSRX Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of NBRVX and NBSRX, 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

NBRVX vs. NBSRX - Drawdown Comparison

The maximum NBRVX drawdown since its inception was -65.68%, which is greater than NBSRX's maximum drawdown of -53.74%. Use the drawdown chart below to compare losses from any high point for NBRVX and NBSRX.

Drawdown Indicators

	NBRVX	NBSRX	Difference
Max Drawdown Largest peak-to-trough decline	-65.68%	-53.74%	-11.94%
Max Drawdown (1Y) Largest decline over 1 year	-9.88%	-10.03%	+0.15%
Max Drawdown (3Y) Largest decline over 3 years	-24.62%	-16.28%	-8.34%
Max Drawdown (5Y) Largest decline over 5 years	-24.62%	-25.39%	+0.77%
Max Drawdown (10Y) Largest decline over 10 years	-52.24%	-34.07%	-18.17%
Current Drawdown Current decline from peak	-0.33%	-1.77%	+1.44%
Average Drawdown Average peak-to-trough decline	-10.79%	-7.05%	-3.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	2.42%	+0.19%

Volatility

NBRVX vs. NBSRX - Volatility Comparison

The current volatility for Neuberger Berman Mid Cap Intrinsic Value Fund (NBRVX) is 5.37%, while Neuberger Berman Sustainable Equity Fund (NBSRX) has a volatility of 7.09%. This indicates that NBRVX experiences smaller price fluctuations and is considered to be less risky than NBSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBRVX	NBSRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.37%	7.09%	-1.72%
Volatility (6M) Calculated over the trailing 6-month period	11.82%	11.31%	+0.51%
Volatility (1Y) Calculated over the trailing 1-year period	15.95%	14.60%	+1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.31%	16.40%	+2.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.41%	17.50%	+3.91%

NBRVX vs. NBSRX - Expense Ratio Comparison

NBRVX has a 1.49% expense ratio, which is higher than NBSRX's 0.85% expense ratio.

Dividends

NBRVX vs. NBSRX - Dividend Comparison

NBRVX's dividend yield for the trailing twelve months is around 9.71%, more than NBSRX's 2.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NBRVX Neuberger Berman Mid Cap Intrinsic Value Fund	9.71%	11.23%	6.19%	1.94%	0.90%	0.54%	0.04%	1.10%	9.15%	0.49%	0.52%	12.52%
NBSRX Neuberger Berman Sustainable Equity Fund	2.03%	2.35%	5.88%	9.72%	10.06%	10.35%	6.16%	9.08%	10.03%	6.14%	4.53%	6.40%

Frequently Asked Questions

Can I hold both NBRVX and NBSRX in my portfolio?

NBRVX and NBSRX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NBRVX or NBSRX?

NBSRX has higher volatility (7.09%) compared to NBRVX (5.37%). In terms of maximum drawdown, NBRVX dropped -65.68% vs NBSRX's -53.74%.

Which has better risk-adjusted returns?

NBSRX currently has the higher Sharpe Ratio (1.99 vs 1.84), 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.