NBSRX vs. NML
NBSRX (Neuberger Berman Sustainable Equity Fund) and NML (Neuberger Berman MLP) are both mutual funds - NBSRX is a Large Cap Blend Equities fund managed by Neuberger Berman, while NML is a MLPs fund actively managed by Neuberger Berman. Over the past 10 years, NBSRX returned 15.04%/yr vs 9.76%/yr for NML. At a 0.41 correlation, their price movements are largely independent. NBSRX charges 0.85%/yr vs 2.72%/yr for NML.
Performance
NBSRX vs. NML - Performance Comparison
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Returns By Period
In the year-to-date period, NBSRX achieves a 13.11% return, which is significantly lower than NML's 19.17% return. Over the past 10 years, NBSRX has outperformed NML with an annualized return of 15.04%, while NML has yielded a comparatively lower 9.76% annualized return.
NBSRX
- 1D
- -1.22%
- 1M
- 2.63%
- YTD
- 13.11%
- 6M
- 12.21%
- 1Y
- 28.42%
- 3Y*
- 24.30%
- 5Y*
- 13.92%
- 10Y*
- 15.04%
NML
- 1D
- -0.10%
- 1M
- -6.15%
- YTD
- 19.17%
- 6M
- 20.30%
- 1Y
- 20.20%
- 3Y*
- 26.00%
- 5Y*
- 22.98%
- 10Y*
- 9.76%
NBSRX vs. NML - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NBSRX Neuberger Berman Sustainable Equity Fund | 13.11% | 17.37% | 28.23% | 26.76% | -18.81% | 23.30% | 19.35% | 25.95% | -6.00% | 18.84% |
NML Neuberger Berman MLP | 19.17% | 4.36% | 40.55% | 14.61% | 32.75% | 61.76% | -45.84% | 10.60% | -23.02% | 7.07% |
Correlation
The correlation between NBSRX and NML is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2013 | 0.41 |
The correlation between NBSRX and NML shifts across timeframes, from -0.00 (1 year) to 0.44 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
NBSRX vs. NML — Risk / Return Rank
NBSRX
NML
NBSRX vs. NML - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Sustainable Equity Fund (NBSRX) and Neuberger Berman MLP (NML). 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.
| NBSRX | NML | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.21 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.10 | +0.92 |
| Martin ratioReturn relative to average drawdown | 12.78 | 5.59 | +7.19 |
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Drawdowns
NBSRX vs. NML - Drawdown Comparison
The maximum NBSRX drawdown since its inception was -53.74%, smaller than the maximum NML drawdown of -90.48%. Use the drawdown chart below to compare losses from any high point for NBSRX and NML.
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Drawdown Indicators
| NBSRX | NML | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.74% | -90.48% | +36.74% |
Max Drawdown (1Y)Largest decline over 1 year | -10.03% | -9.67% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -16.28% | -16.92% | +0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -25.39% | -21.40% | -3.99% |
Max Drawdown (10Y)Largest decline over 10 years | -34.07% | -84.84% | +50.77% |
Current DrawdownCurrent decline from peak | -4.18% | -7.30% | +3.12% |
Average DrawdownAverage peak-to-trough decline | -7.05% | -36.94% | +29.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 3.63% | -1.27% |
Volatility
NBSRX vs. NML - Volatility Comparison
Neuberger Berman Sustainable Equity Fund (NBSRX) has a higher volatility of 6.56% compared to Neuberger Berman MLP (NML) at 6.11%. This indicates that NBSRX's price experiences larger fluctuations and is considered to be riskier than NML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NBSRX | NML | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 6.11% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 11.01% | 13.70% | -2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.43% | 17.25% | -2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 23.81% | -7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.53% | 35.08% | -17.55% |
NBSRX vs. NML - Expense Ratio Comparison
NBSRX has a 0.85% expense ratio, which is lower than NML's 2.72% expense ratio.
Dividends
NBSRX vs. NML - Dividend Comparison
NBSRX's dividend yield for the trailing twelve months is around 2.08%, less than NML's 7.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NBSRX Neuberger Berman Sustainable Equity Fund | 2.08% | 2.35% | 5.88% | 9.72% | 10.06% | 10.35% | 6.16% | 9.08% | 10.03% | 6.14% | 4.53% | 6.40% |
NML Neuberger Berman MLP | 7.55% | 8.24% | 7.94% | 10.19% | 4.26% | 3.54% | 8.33% | 9.76% | 9.87% | 7.04% | 8.63% | 15.44% |
Frequently Asked Questions
NBSRX and NML have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBSRX has higher volatility (6.56%) compared to NML (6.11%). In terms of maximum drawdown, NBSRX dropped -53.74% vs NML's -90.48%.
NBSRX currently has the higher Sharpe Ratio (2.10 vs 1.18), 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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