NBSRX vs. NBMIX

Last updated Jun 5, 2026

NBSRX (Neuberger Berman Sustainable Equity Fund) and NBMIX (Neuberger Berman Small Cap Growth Fund) are both mutual funds - NBSRX is a Large Cap Blend Equities fund managed by Neuberger Berman, while NBMIX is a Small Cap Growth Equities fund managed by Neuberger Berman. Over the past 10 years, NBSRX returned 14.30%/yr vs 15.19%/yr for NBMIX. A 0.79 correlation means they provide meaningful diversification when combined. NBSRX charges 0.85%/yr vs 1.28%/yr for NBMIX.

Performance

NBSRX vs. NBMIX - Performance Comparison

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

Returns By Period

In the year-to-date period, NBSRX achieves a 10.59% return, which is significantly lower than NBMIX's 20.19% return. Over the past 10 years, NBSRX has underperformed NBMIX with an annualized return of 14.30%, while NBMIX has yielded a comparatively higher 15.19% annualized return.

NBSRX

• 1D: -0.53%
• 1M: 1.89%
• YTD: 10.59%
• 6M: 16.27%
• 1Y: 27.04%
• 3Y*: 23.84%
• 5Y*: 13.33%
• 10Y*: 14.30%

NBMIX

• 1D: -0.02%
• 1M: 3.25%
• YTD: 20.19%
• 6M: 15.72%
• 1Y: 39.24%
• 3Y*: 20.62%
• 5Y*: 8.15%
• 10Y*: 15.19%

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

NBSRX vs. NBMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NBSRX Neuberger Berman Sustainable Equity Fund	10.59%	17.37%	28.23%	26.76%	-18.81%	23.30%	19.35%	25.95%	-6.00%	18.84%
NBMIX Neuberger Berman Small Cap Growth Fund	20.19%	9.87%	25.90%	10.01%	-24.43%	4.16%	42.83%	34.55%	4.80%	28.16%

Correlation

The correlation between NBSRX and NBMIX is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Oct 21, 1998	0.79

The correlation between NBSRX and NBMIX shifts across timeframes, from 0.65 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NBSRX vs. NBMIX — Risk / Return Rank

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

NBSRX

NBSRX Risk / Return Rank: 53
NBSRX Sharpe Ratio Rank: 50
NBSRX Sortino Ratio Rank: 53
NBSRX Omega Ratio Rank: 50
NBSRX Calmar Ratio Rank: 51
NBSRX Martin Ratio Rank: 59

NBMIX

NBMIX Risk / Return Rank: 35
NBMIX Sharpe Ratio Rank: 32
NBMIX Sortino Ratio Rank: 29
NBMIX Omega Ratio Rank: 29
NBMIX Calmar Ratio Rank: 40
NBMIX Martin Ratio Rank: 42

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.

NBSRX vs. NBMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Sustainable Equity Fund (NBSRX) and Neuberger Berman Small Cap Growth Fund (NBMIX). 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.

	NBSRX	NBMIX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.62	+0.44
Sortino ratio: Return per unit of downside risk	3.05	2.21	+0.84
Omega ratio: Gain probability vs. loss probability	1.38	1.28	+0.11
Calmar ratio: Return relative to maximum drawdown	2.71	2.39	+0.33
Martin ratio: Return relative to average drawdown	11.66	8.83	+2.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NBSRX vs. NBMIX - Sharpe Ratio Comparison

The current NBSRX Sharpe Ratio is 2.06, which is comparable to the NBMIX Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of NBSRX and NBMIX, 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

	NBSRX	NBMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	1.62	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.33	+0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	0.62	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.40	+0.19

Drawdowns

NBSRX vs. NBMIX - Drawdown Comparison

The maximum NBSRX drawdown since its inception was -53.74%, smaller than the maximum NBMIX drawdown of -78.77%. Use the drawdown chart below to compare losses from any high point for NBSRX and NBMIX.

Drawdown Indicators

	NBSRX	NBMIX	Difference
Max Drawdown Largest peak-to-trough decline	-53.74%	-78.77%	+25.03%
Max Drawdown (1Y) Largest decline over 1 year	-10.03%	-16.65%	+6.62%
Max Drawdown (3Y) Largest decline over 3 years	-16.28%	-29.53%	+13.25%
Max Drawdown (5Y) Largest decline over 5 years	-25.39%	-36.96%	+11.57%
Max Drawdown (10Y) Largest decline over 10 years	-34.07%	-39.55%	+5.48%
Current Drawdown Current decline from peak	-0.94%	-0.11%	-0.83%
Average Drawdown Average peak-to-trough decline	-7.06%	-34.51%	+27.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	4.48%	-2.16%

Volatility

NBSRX vs. NBMIX - Volatility Comparison

The current volatility for Neuberger Berman Sustainable Equity Fund (NBSRX) is 2.94%, while Neuberger Berman Small Cap Growth Fund (NBMIX) has a volatility of 8.85%. This indicates that NBSRX experiences smaller price fluctuations and is considered to be less risky than NBMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBSRX	NBMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	8.85%	-5.91%
Volatility (6M) Calculated over the trailing 6-month period	10.48%	19.43%	-8.95%
Volatility (1Y) Calculated over the trailing 1-year period	13.19%	24.50%	-11.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.14%	24.87%	-8.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.49%	24.41%	-6.92%

NBSRX vs. NBMIX - Expense Ratio Comparison

NBSRX has a 0.85% expense ratio, which is lower than NBMIX's 1.28% expense ratio.

Dividends

NBSRX vs. NBMIX - Dividend Comparison

NBSRX's dividend yield for the trailing twelve months is around 2.13%, less than NBMIX's 5.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NBMIX Neuberger Berman Small Cap Growth Fund	5.61%	6.74%	0.46%	0.00%	0.00%	18.71%	1.06%	3.98%	23.77%	1.44%	0.00%	5.92%
NBSRX Neuberger Berman Sustainable Equity Fund	2.13%	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 NBSRX and NBMIX in my portfolio?

NBSRX and NBMIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NBSRX or NBMIX?

NBMIX has higher volatility (8.85%) compared to NBSRX (2.94%). In terms of maximum drawdown, NBSRX dropped -53.74% vs NBMIX's -78.77%.

Which has better risk-adjusted returns?

NBSRX currently has the higher Sharpe Ratio (2.06 vs 1.62), 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.