NCBVX vs. HNMVX

Last updated Aug 4, 2026

NCBVX (PGIM Quant Solutions Mid-Cap Value Fund) and HNMVX (Harbor Mid Cap Value Fund Retirement Class) are both Mid Cap Value Equities funds. Over the past 10 years, NCBVX returned 8.33%/yr vs 11.08%/yr for HNMVX. Their 0.97 correlation means they have historically moved very closely together. NCBVX charges 1.95%/yr vs 0.77%/yr for HNMVX.

Performance

NCBVX vs. HNMVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Quant Solutions Mid-Cap Value Fund (NCBVX) and Harbor Mid Cap Value Fund Retirement Class (HNMVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NCBVX achieves a 22.32% return, which is significantly lower than HNMVX's 23.70% return. Over the past 10 years, NCBVX has underperformed HNMVX with an annualized return of 8.33%, while HNMVX has yielded a comparatively higher 11.08% annualized return.

NCBVX

• 1D: -0.26%
• 1M: 2.76%
• 6M: 16.30%
• YTD: 22.32%
• 1Y: 34.74%
• 3Y*: 15.65%
• 5Y*: 9.84%
• 10Y*: 8.33%
• ALL TIME*: 8.72%

HNMVX

• 1D: -0.41%
• 1M: 3.16%
• 6M: 16.17%
• YTD: 23.70%
• 1Y: 40.62%
• 3Y*: 19.16%
• 5Y*: 13.21%
• 10Y*: 11.08%
• ALL TIME*: 11.42%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HNMVX Harbor Mid Cap Value Fund Retirement Class	$0.00	$0.00	$0.00
NCBVX PGIM Quant Solutions Mid-Cap Value Fund	$0.00	$0.00	$0.00

NCBVX vs. HNMVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NCBVX PGIM Quant Solutions Mid-Cap Value Fund	22.32%	11.86%	10.49%	10.40%	-10.18%	33.13%	-7.31%	18.78%	-20.51%	11.63%
HNMVX Harbor Mid Cap Value Fund Retirement Class	23.70%	16.06%	12.22%	16.52%	-5.58%	30.06%	-3.70%	23.06%	-17.76%	12.09%

Correlation

The correlation between NCBVX and HNMVX is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (10Y) Provides a long-term view across more market conditions.	0.97
Correlation (All Time) Calculated using the full available price history since Mar 1, 2016	0.97

The correlation between NCBVX and HNMVX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

NCBVX vs. HNMVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NCBVX

NCBVX Risk / Return Rank: 94
NCBVX Sharpe Ratio Rank: 94
NCBVX Sortino Ratio Rank: 93
NCBVX Omega Ratio Rank: 88
NCBVX Calmar Ratio Rank: 97
NCBVX Martin Ratio Rank: 97

HNMVX

HNMVX Risk / Return Rank: 97
HNMVX Sharpe Ratio Rank: 98
HNMVX Sortino Ratio Rank: 97
HNMVX Omega Ratio Rank: 95
HNMVX Calmar Ratio Rank: 98
HNMVX Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NCBVX vs. HNMVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Quant Solutions Mid-Cap Value Fund (NCBVX) and Harbor Mid Cap Value Fund Retirement Class (HNMVX). 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.

	NCBVX	HNMVX	Difference
Sharpe ratio: Return per unit of total volatility	2.53	3.01	-0.47
Sortino ratio: Return per unit of downside risk	3.64	4.38	-0.73
Omega ratio: Gain probability vs. loss probability	1.45	1.54	-0.09
Calmar ratio: Return relative to maximum drawdown	5.28	5.71	-0.44
Martin ratio: Return relative to average drawdown	19.86	21.49	-1.63

NCBVX vs. HNMVX - Sharpe Ratio Comparison

The current NCBVX Sharpe Ratio is 2.53, which is comparable to the HNMVX Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of NCBVX and HNMVX, 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

NCBVX vs. HNMVX - Drawdown Comparison

The maximum NCBVX drawdown since its inception was -60.64%, which is greater than HNMVX's maximum drawdown of -51.33%. Use the drawdown chart below to compare losses from any high point for NCBVX and HNMVX.

Drawdown Indicators

	NCBVX	HNMVX	Difference
Max Drawdown Largest peak-to-trough decline	-60.64%	-51.33%	-9.31%
Max Drawdown (1Y) Largest decline over 1 year	-6.31%	-6.84%	+0.53%
Max Drawdown (3Y) Largest decline over 3 years	-21.27%	-21.00%	-0.27%
Max Drawdown (5Y) Largest decline over 5 years	-23.15%	-21.00%	-2.15%
Max Drawdown (10Y) Largest decline over 10 years	-57.50%	-51.33%	-6.17%
Current Drawdown Current decline from peak	-0.98%	-1.31%	+0.33%
Average Drawdown Average peak-to-trough decline	-9.05%	-7.02%	-2.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	1.82%	-0.14%

Volatility

NCBVX vs. HNMVX - Volatility Comparison

PGIM Quant Solutions Mid-Cap Value Fund (NCBVX) and Harbor Mid Cap Value Fund Retirement Class (HNMVX) have volatilities of 2.95% and 2.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NCBVX	HNMVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	2.94%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.72%	8.87%	+0.85%
Volatility (1Y) Calculated over the trailing 1-year period	13.15%	13.01%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.65%	18.70%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.56%	21.84%	+0.72%

NCBVX vs. HNMVX - Expense Ratio Comparison

NCBVX has a 1.95% expense ratio, which is higher than HNMVX's 0.77% expense ratio.

Dividends

NCBVX vs. HNMVX - Dividend Comparison

NCBVX's dividend yield for the trailing twelve months is around 0.56%, less than HNMVX's 7.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HNMVX Harbor Mid Cap Value Fund Retirement Class	7.09%	8.77%	5.87%	7.28%	8.35%	1.35%	2.43%	3.21%	8.52%	3.91%	3.11%	0.00%
NCBVX PGIM Quant Solutions Mid-Cap Value Fund	0.56%	0.68%	1.03%	1.59%	1.17%	0.74%	1.60%	1.93%	13.70%	6.69%	2.83%	7.89%

Frequently Asked Questions

Can I hold both NCBVX and HNMVX in my portfolio?

With a correlation of 0.94, NCBVX and HNMVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NCBVX or HNMVX?

NCBVX has higher volatility (2.95%) compared to HNMVX (2.94%). In terms of maximum drawdown, NCBVX dropped -60.64% vs HNMVX's -51.33%.

Which has better risk-adjusted returns?

HNMVX currently has the higher Sharpe Ratio (3.01 vs 2.53), 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.