NCLEX vs. NBGNX
NCLEX (Nicholas Limited Edition Fund) and NBGNX (Neuberger Berman Genesis Fund) are both Small Cap Growth Equities funds. Over the past 10 years, NCLEX returned 7.50%/yr vs 9.36%/yr for NBGNX. Their correlation of 0.86 means they have usually moved in the same direction. NCLEX charges 0.85%/yr vs 0.99%/yr for NBGNX.
Performance
NCLEX vs. NBGNX - Performance Comparison
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Returns By Period
Over the past 10 years, NCLEX has underperformed NBGNX with an annualized return of 7.50%, while NBGNX has yielded a comparatively higher 9.36% annualized return.
NCLEX
- 1D
- -1.13%
- 1M
- 0.20%
- 6M
- 0.08%
- YTD
- 0.00%
- 1Y
- -2.29%
- 3Y*
- 0.57%
- 5Y*
- -0.61%
- 10Y*
- 7.50%
- ALL TIME*
- 9.15%
NBGNX
- 1D
- 0.53%
- 1M
- -0.53%
- 6M
- 7.03%
- YTD
- 12.58%
- 1Y
- 12.79%
- 3Y*
- 5.60%
- 5Y*
- 2.83%
- 10Y*
- 9.36%
- ALL TIME*
- 11.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NCLEX vs. NBGNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NCLEX Nicholas Limited Edition Fund | 0.00% | -10.41% | 11.91% | 17.17% | -23.71% | 19.07% | 22.67% | 27.36% | -0.94% | 19.93% |
NBGNX Neuberger Berman Genesis Fund | 12.58% | -4.70% | 9.04% | 15.57% | -19.49% | 18.07% | 24.86% | 29.47% | -6.91% | 15.83% |
Correlation
The correlation between NCLEX and NBGNX is 0.82, 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. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 1988 | 0.86 |
The correlation between NCLEX and NBGNX shifts across timeframes, from 0.82 (1 year) to 0.93 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
NCLEX vs. NBGNX — Risk / Return Rank
NCLEX
NBGNX
NCLEX vs. NBGNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Limited Edition Fund (NCLEX) and Neuberger Berman Genesis Fund (NBGNX). 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.
| NCLEX | NBGNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.11 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 0.89 | -1.16 |
| Martin ratioReturn relative to average drawdown | -0.51 | 2.38 | -2.89 |
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Drawdowns
NCLEX vs. NBGNX - Drawdown Comparison
The maximum NCLEX drawdown since its inception was -48.68%, smaller than the maximum NBGNX drawdown of -51.75%. Use the drawdown chart below to compare losses from any high point for NCLEX and NBGNX.
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Drawdown Indicators
| NCLEX | NBGNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.68% | -51.75% | +3.07% |
Max Drawdown (1Y)Largest decline over 1 year | -20.88% | -10.77% | -10.11% |
Max Drawdown (3Y)Largest decline over 3 years | -28.50% | -27.51% | -0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -28.50% | -28.33% | -0.17% |
Max Drawdown (10Y)Largest decline over 10 years | -35.79% | -34.53% | -1.26% |
Current DrawdownCurrent decline from peak | -16.34% | -4.11% | -12.23% |
Average DrawdownAverage peak-to-trough decline | -8.32% | -7.15% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.65% | 4.04% | +6.61% |
Volatility
NCLEX vs. NBGNX - Volatility Comparison
Nicholas Limited Edition Fund (NCLEX) has a higher volatility of 4.95% compared to Neuberger Berman Genesis Fund (NBGNX) at 3.76%. This indicates that NCLEX's price experiences larger fluctuations and is considered to be riskier than NBGNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCLEX | NBGNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 3.76% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 12.80% | 11.36% | +1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.31% | 16.30% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 19.70% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.22% | 20.20% | -0.98% |
NCLEX vs. NBGNX - Expense Ratio Comparison
NCLEX has a 0.85% expense ratio, which is lower than NBGNX's 0.99% expense ratio.
Dividends
NCLEX vs. NBGNX - Dividend Comparison
NCLEX's dividend yield for the trailing twelve months is around 7.53%, less than NBGNX's 14.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NBGNX Neuberger Berman Genesis Fund | 14.53% | 16.36% | 2.15% | 3.03% | 11.05% | 10.92% | 3.84% | 5.82% | 12.24% | 13.89% | 11.21% | 18.52% |
NCLEX Nicholas Limited Edition Fund | 7.53% | 7.53% | 2.51% | 2.43% | 6.22% | 16.44% | 5.10% | 5.66% | 10.72% | 7.97% | 10.68% | 8.05% |
Frequently Asked Questions
NCLEX and NBGNX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NCLEX has higher volatility (4.95%) compared to NBGNX (3.76%). In terms of maximum drawdown, NCLEX dropped -48.68% vs NBGNX's -51.75%.
NBGNX currently has the higher Sharpe Ratio (0.59 vs -0.32), 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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