NCRLX vs. FMBPX
Compare and contrast key facts about Neuberger Berman Core Bond Fund (NCRLX) and Federated Hermes Mortgage Strategy Portfolio (FMBPX).
NCRLX is managed by Neuberger Berman. It was launched on Sep 29, 1995. FMBPX is managed by Federated. It was launched on Dec 20, 2007.
Performance
NCRLX vs. FMBPX - Performance Comparison
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NCRLX vs. FMBPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NCRLX Neuberger Berman Core Bond Fund | -0.38% | 7.24% | 1.90% | 5.69% | -14.36% | -1.07% | 9.50% | 9.43% | -1.06% | 3.95% |
FMBPX Federated Hermes Mortgage Strategy Portfolio | -0.06% | 9.03% | 1.04% | 4.44% | -12.21% | -1.35% | 4.77% | 6.30% | 1.13% | 2.76% |
Returns By Period
In the year-to-date period, NCRLX achieves a -0.38% return, which is significantly lower than FMBPX's -0.06% return. Over the past 10 years, NCRLX has outperformed FMBPX with an annualized return of 1.87%, while FMBPX has yielded a comparatively lower 1.46% annualized return.
NCRLX
- 1D
- 0.11%
- 1M
- -1.78%
- YTD
- -0.38%
- 6M
- 0.18%
- 1Y
- 3.82%
- 3Y*
- 3.62%
- 5Y*
- -0.04%
- 10Y*
- 1.87%
FMBPX
- 1D
- 0.12%
- 1M
- -1.62%
- YTD
- -0.06%
- 6M
- 1.75%
- 1Y
- 5.59%
- 3Y*
- 3.94%
- 5Y*
- 0.21%
- 10Y*
- 1.46%
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NCRLX vs. FMBPX - Expense Ratio Comparison
NCRLX has a 0.39% expense ratio, which is higher than FMBPX's 0.02% expense ratio.
Return for Risk
NCRLX vs. FMBPX — Risk / Return Rank
NCRLX
FMBPX
NCRLX vs. FMBPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Core Bond Fund (NCRLX) and Federated Hermes Mortgage Strategy Portfolio (FMBPX). 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.
| NCRLX | FMBPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 1.06 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.35 | 1.56 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.22 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 2.19 | -0.40 |
Martin ratioReturn relative to average drawdown | 5.39 | 6.03 | -0.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NCRLX | FMBPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.06 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.03 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.29 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.25 | +0.24 |
Correlation
The correlation between NCRLX and FMBPX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
NCRLX vs. FMBPX - Dividend Comparison
NCRLX's dividend yield for the trailing twelve months is around 4.35%, less than FMBPX's 4.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NCRLX Neuberger Berman Core Bond Fund | 4.35% | 4.68% | 4.76% | 3.90% | 2.63% | 2.47% | 4.76% | 3.37% | 3.00% | 2.80% | 3.37% | 3.15% |
FMBPX Federated Hermes Mortgage Strategy Portfolio | 4.59% | 4.87% | 4.29% | 3.46% | 2.29% | 1.96% | 2.68% | 3.23% | 3.14% | 2.83% | 2.72% | 2.65% |
Drawdowns
NCRLX vs. FMBPX - Drawdown Comparison
The maximum NCRLX drawdown since its inception was -19.21%, roughly equal to the maximum FMBPX drawdown of -18.34%. Use the drawdown chart below to compare losses from any high point for NCRLX and FMBPX.
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Drawdown Indicators
| NCRLX | FMBPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.21% | -18.34% | -0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -3.15% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -19.21% | -18.02% | -1.19% |
Max Drawdown (10Y)Largest decline over 10 years | -19.21% | -18.34% | -0.87% |
Current DrawdownCurrent decline from peak | -2.69% | -2.08% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -3.28% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.14% | -0.18% |
Volatility
NCRLX vs. FMBPX - Volatility Comparison
Neuberger Berman Core Bond Fund (NCRLX) has a higher volatility of 1.58% compared to Federated Hermes Mortgage Strategy Portfolio (FMBPX) at 1.50%. This indicates that NCRLX's price experiences larger fluctuations and is considered to be riskier than FMBPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCRLX | FMBPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 1.50% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 3.02% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.42% | 5.43% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.99% | 6.72% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 5.08% | -0.10% |