NCRLX vs. PCGTX
NCRLX (Neuberger Berman Core Bond Fund) and PCGTX (PACE Mortgage-Backed Securities Fixed Income Investments) are both Intermediate Core Bond funds. Over the past 10 years, NCRLX returned 1.55%/yr vs 1.38%/yr for PCGTX. Their correlation of 0.82 means they have usually moved in the same direction. NCRLX charges 0.39%/yr vs 0.73%/yr for PCGTX.
Performance
NCRLX vs. PCGTX - Performance Comparison
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Returns By Period
In the year-to-date period, NCRLX achieves a -0.84% return, which is significantly lower than PCGTX's 2.13% return. Over the past 10 years, NCRLX has outperformed PCGTX with an annualized return of 1.55%, while PCGTX has yielded a comparatively lower 1.38% annualized return.
NCRLX
- 1D
- 0.12%
- 1M
- -1.48%
- 6M
- -1.21%
- YTD
- -0.84%
- 1Y
- 1.63%
- 3Y*
- 3.82%
- 5Y*
- -0.60%
- 10Y*
- 1.55%
- ALL TIME*
- 2.16%
PCGTX
- 1D
- 0.10%
- 1M
- -0.77%
- 6M
- 1.76%
- YTD
- 2.13%
- 1Y
- 6.85%
- 3Y*
- 4.65%
- 5Y*
- 0.06%
- 10Y*
- 1.38%
- ALL TIME*
- 3.97%
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. PCGTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NCRLX Neuberger Berman Core Bond Fund | -0.84% | 7.24% | 1.90% | 5.69% | -14.36% | -1.07% | 9.50% | 9.43% | -1.06% | 3.95% |
PCGTX PACE Mortgage-Backed Securities Fixed Income Investments | 2.13% | 7.84% | 0.98% | 5.12% | -13.48% | -0.61% | 5.75% | 6.55% | 0.17% | 2.83% |
Correlation
The correlation between NCRLX and PCGTX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 1995 | 0.82 |
The correlation between NCRLX and PCGTX shifts across timeframes, from 0.79 (1 year) to 0.89 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NCRLX vs. PCGTX — Risk / Return Rank
NCRLX
PCGTX
NCRLX vs. PCGTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Core Bond Fund (NCRLX) and PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX). 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 | PCGTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.28 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 2.36 | -1.39 |
| Martin ratioReturn relative to average drawdown | 2.34 | 6.55 | -4.20 |
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Drawdowns
NCRLX vs. PCGTX - Drawdown Comparison
The maximum NCRLX drawdown since its inception was -19.21%, roughly equal to the maximum PCGTX drawdown of -19.34%. Use the drawdown chart below to compare losses from any high point for NCRLX and PCGTX.
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Drawdown Indicators
| NCRLX | PCGTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.21% | -19.34% | +0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -3.09% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -5.33% | -6.80% | +1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -19.21% | -19.20% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -19.21% | -19.34% | +0.13% |
Current DrawdownCurrent decline from peak | -3.14% | -2.16% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -1.85% | -1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.09% | +0.13% |
Volatility
NCRLX vs. PCGTX - Volatility Comparison
The current volatility for Neuberger Berman Core Bond Fund (NCRLX) is 1.06%, while PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX) has a volatility of 1.40%. This indicates that NCRLX experiences smaller price fluctuations and is considered to be less risky than PCGTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCRLX | PCGTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.40% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 4.71% | -1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.97% | 5.63% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | 7.21% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.01% | 5.42% | -0.41% |
NCRLX vs. PCGTX - Expense Ratio Comparison
NCRLX has a 0.39% expense ratio, which is lower than PCGTX's 0.73% expense ratio.
Dividends
NCRLX vs. PCGTX - Dividend Comparison
NCRLX's dividend yield for the trailing twelve months is around 4.36%, more than PCGTX's 4.22% 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% |
PCGTX PACE Mortgage-Backed Securities Fixed Income Investments | 4.22% | 3.78% | 5.36% | 5.02% | 3.67% | 2.87% | 3.23% | 3.53% | 3.34% | 2.96% | 2.71% | 2.21% |
Frequently Asked Questions
NCRLX and PCGTX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCGTX has higher volatility (1.40%) compared to NCRLX (1.06%). In terms of maximum drawdown, NCRLX dropped -19.21% vs PCGTX's -19.34%.
PCGTX currently has the higher Sharpe Ratio (1.30 vs 0.72), 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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