NCRLX vs. NMANX
NCRLX (Neuberger Berman Core Bond Fund) and NMANX (Neuberger Berman Mid Cap Growth Fund) are both mutual funds - NCRLX is a Intermediate Core Bond fund managed by Neuberger Berman, while NMANX is a Mid Cap Growth Equities fund managed by Neuberger Berman. Over the past 10 years, NCRLX returned 1.57%/yr vs 11.47%/yr for NMANX. Their -0.07 correlation means they have often moved in opposite directions in the past. NCRLX charges 0.39%/yr vs 0.83%/yr for NMANX.
Performance
NCRLX vs. NMANX - Performance Comparison
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Returns By Period
In the year-to-date period, NCRLX achieves a -0.95% return, which is significantly lower than NMANX's 4.43% return. Over the past 10 years, NCRLX has underperformed NMANX with an annualized return of 1.57%, while NMANX has yielded a comparatively higher 11.47% annualized return.
NCRLX
- 1D
- 0.23%
- 1M
- -1.59%
- 6M
- -1.33%
- YTD
- -0.95%
- 1Y
- 1.40%
- 3Y*
- 4.01%
- 5Y*
- -0.66%
- 10Y*
- 1.57%
- ALL TIME*
- 2.15%
NMANX
- 1D
- 1.86%
- 1M
- -2.30%
- 6M
- 2.27%
- YTD
- 4.43%
- 1Y
- -2.37%
- 3Y*
- 13.09%
- 5Y*
- 2.78%
- 10Y*
- 11.47%
- ALL TIME*
- 10.35%
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 |
NCRLX vs. NMANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NCRLX Neuberger Berman Core Bond Fund | -0.95% | 7.24% | 1.90% | 5.69% | -14.36% | -1.07% | 9.50% | 9.43% | -1.06% | 3.95% |
NMANX Neuberger Berman Mid Cap Growth Fund | 4.43% | 5.51% | 24.39% | 18.21% | -28.82% | 12.42% | 39.45% | 33.62% | -6.28% | 29.01% |
Correlation
The correlation between NCRLX and NMANX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 1995 | -0.07 |
The correlation between NCRLX and NMANX shifts across timeframes, from -0.07 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NCRLX vs. NMANX — Risk / Return Rank
NCRLX
NMANX
NCRLX vs. NMANX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Core Bond Fund (NCRLX) and Neuberger Berman Mid Cap Growth Fund (NMANX). 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.
| NCRLX | NMANX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.02 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | -0.00 | +0.51 |
| Martin ratioReturn relative to average drawdown | 1.22 | -0.01 | +1.23 |
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Drawdowns
NCRLX vs. NMANX - Drawdown Comparison
The maximum NCRLX drawdown since its inception was -19.21%, smaller than the maximum NMANX drawdown of -72.14%. Use the drawdown chart below to compare losses from any high point for NCRLX and NMANX.
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Drawdown Indicators
| NCRLX | NMANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.21% | -72.14% | +52.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -17.71% | +14.71% |
Max Drawdown (3Y)Largest decline over 3 years | -5.33% | -25.93% | +20.60% |
Max Drawdown (5Y)Largest decline over 5 years | -19.15% | -38.10% | +18.95% |
Max Drawdown (10Y)Largest decline over 10 years | -19.21% | -38.10% | +18.89% |
Current DrawdownCurrent decline from peak | -3.25% | -6.70% | +3.45% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -17.36% | +13.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 6.44% | -5.20% |
Volatility
NCRLX vs. NMANX - Volatility Comparison
The current volatility for Neuberger Berman Core Bond Fund (NCRLX) is 1.12%, while Neuberger Berman Mid Cap Growth Fund (NMANX) has a volatility of 5.35%. This indicates that NCRLX experiences smaller price fluctuations and is considered to be less risky than NMANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCRLX | NMANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 5.35% | -4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 17.44% | -14.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.90% | 22.15% | -18.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | 23.51% | -17.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.01% | 22.59% | -17.58% |
NCRLX vs. NMANX - Expense Ratio Comparison
NCRLX has a 0.39% expense ratio, which is lower than NMANX's 0.83% expense ratio.
Dividends
NCRLX vs. NMANX - Dividend Comparison
NCRLX's dividend yield for the trailing twelve months is around 4.36%, less than NMANX's 22.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NCRLX Neuberger Berman Core Bond Fund | 4.36% | 4.68% | 4.76% | 3.90% | 2.63% | 2.47% | 4.76% | 3.37% | 3.00% | 2.80% | 3.37% | 3.15% |
NMANX Neuberger Berman Mid Cap Growth Fund | 22.11% | 23.10% | 9.85% | 3.19% | 4.87% | 16.30% | 9.58% | 5.43% | 11.70% | 8.94% | 5.00% | 9.00% |
Frequently Asked Questions
NCRLX and NMANX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMANX has higher volatility (5.35%) compared to NCRLX (1.12%). In terms of maximum drawdown, NCRLX dropped -19.21% vs NMANX's -72.14%.
NCRLX currently has the higher Sharpe Ratio (0.39 vs -0.00), 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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