NBXG vs. RMT

Last updated Apr 2, 2026

Compare and contrast key facts about Neuberger Berman Next Generation Connectivity Fund (NBXG) and Royce Micro-Cap Trust, Inc. (RMT).

NBXG is an actively managed fund by Neuberger Berman. It was launched on May 25, 2021.

Performance

NBXG vs. RMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Next Generation Connectivity Fund (NBXG) and Royce Micro-Cap Trust, Inc. (RMT). The values are adjusted to include any dividend payments, if applicable.

NBXG vs. RMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NBXG Neuberger Berman Next Generation Connectivity Fund	-6.55%	24.23%	28.53%	34.92%	-41.41%	-10.72%
RMT Royce Micro-Cap Trust, Inc.	12.17%	16.10%	13.97%	15.81%	-16.82%	1.03%

Returns By Period

In the year-to-date period, NBXG achieves a -6.55% return, which is significantly lower than RMT's 12.17% return.

NBXG

• 1D: 2.10%
• 1M: -3.04%
• YTD: -6.55%
• 6M: -10.53%
• 1Y: 16.91%
• 3Y*: 19.49%
• 5Y*: —
• 10Y*: —

RMT

• 1D: 1.77%
• 1M: -6.33%
• YTD: 12.17%
• 6M: 14.38%
• 1Y: 48.38%
• 3Y*: 18.59%
• 5Y*: 8.79%
• 10Y*: 13.92%

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

Return for Risk

NBXG vs. RMT — Risk / Return Rank

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

NBXG

NBXG Risk / Return Rank: 28
NBXG Sharpe Ratio Rank: 25
NBXG Sortino Ratio Rank: 27
NBXG Omega Ratio Rank: 26
NBXG Calmar Ratio Rank: 34
NBXG Martin Ratio Rank: 25

RMT

RMT Risk / Return Rank: 90
RMT Sharpe Ratio Rank: 91
RMT Sortino Ratio Rank: 90
RMT Omega Ratio Rank: 88
RMT Calmar Ratio Rank: 87
RMT Martin Ratio Rank: 92

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.

NBXG vs. RMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Next Generation Connectivity Fund (NBXG) and Royce Micro-Cap Trust, Inc. (RMT). 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.

	NBXG	RMT	Difference
Sharpe ratio Return per unit of total volatility	0.72	2.11	-1.39
Sortino ratio Return per unit of downside risk	1.14	2.84	-1.70
Omega ratio Gain probability vs. loss probability	1.16	1.37	-0.22
Calmar ratio Return relative to maximum drawdown	1.10	3.45	-2.34
Martin ratio Return relative to average drawdown	3.23	12.76	-9.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NBXG vs. RMT - Sharpe Ratio Comparison

The current NBXG Sharpe Ratio is 0.72, which is lower than the RMT Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of NBXG and RMT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NBXG	RMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	2.11	-1.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.41	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.38	-0.34

Correlation

The correlation between NBXG and RMT is 0.66, 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

NBXG vs. RMT - Dividend Comparison

NBXG's dividend yield for the trailing twelve months is around 10.05%, more than RMT's 6.86% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NBXG Neuberger Berman Next Generation Connectivity Fund	10.05%	8.73%	9.42%	10.98%	13.19%	3.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RMT Royce Micro-Cap Trust, Inc.	6.86%	7.57%	7.59%	8.01%	10.94%	7.27%	6.03%	7.96%	10.11%	7.31%	7.84%	17.36%

Drawdowns

NBXG vs. RMT - Drawdown Comparison

The maximum NBXG drawdown since its inception was -51.76%, smaller than the maximum RMT drawdown of -73.94%. Use the drawdown chart below to compare losses from any high point for NBXG and RMT.

Drawdown Indicators

	NBXG	RMT	Difference
Max Drawdown Largest peak-to-trough decline	-51.76%	-73.94%	+22.18%
Max Drawdown (1Y) Largest decline over 1 year	-16.26%	-13.73%	-2.53%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.73%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-50.40%	—
Current Drawdown Current decline from peak	-10.91%	-6.33%	-4.58%
Average Drawdown Average peak-to-trough decline	-21.76%	-14.17%	-7.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.55%	3.71%	+1.84%

Volatility

NBXG vs. RMT - Volatility Comparison

The current volatility for Neuberger Berman Next Generation Connectivity Fund (NBXG) is 8.08%, while Royce Micro-Cap Trust, Inc. (RMT) has a volatility of 8.78%. This indicates that NBXG experiences smaller price fluctuations and is considered to be less risky than RMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBXG	RMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.08%	8.78%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	14.57%	15.83%	-1.26%
Volatility (1Y) Calculated over the trailing 1-year period	23.52%	23.06%	+0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.14%	21.63%	+4.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.14%	22.25%	+3.89%