NCRLX vs. SCOAX
NCRLX (Neuberger Berman Core Bond Fund) and SCOAX (SEI Institutional Investments Trust Core Fixed Income Fund) are both Intermediate Core Bond funds. Over the past 10 years, NCRLX returned 1.85%/yr vs 1.90%/yr for SCOAX. Their correlation of 0.92 suggests significant overlap in exposure. NCRLX charges 0.39%/yr vs 0.36%/yr for SCOAX.
Performance
NCRLX vs. SCOAX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with NCRLX having a 0.62% return and SCOAX slightly higher at 0.64%. Both investments have delivered pretty close results over the past 10 years, with NCRLX having a 1.85% annualized return and SCOAX not far ahead at 1.90%.
NCRLX
- 1D
- 0.46%
- 1M
- 0.82%
- YTD
- 0.62%
- 6M
- 0.86%
- 1Y
- 4.52%
- 3Y*
- 4.30%
- 5Y*
- -0.00%
- 10Y*
- 1.85%
SCOAX
- 1D
- 0.45%
- 1M
- 0.82%
- YTD
- 0.64%
- 6M
- 0.88%
- 1Y
- 4.55%
- 3Y*
- 3.90%
- 5Y*
- -0.25%
- 10Y*
- 1.90%
NCRLX vs. SCOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NCRLX Neuberger Berman Core Bond Fund | 0.62% | 7.24% | 1.90% | 5.69% | -14.36% | -1.07% | 9.50% | 9.43% | -1.06% | 3.95% |
SCOAX SEI Institutional Investments Trust Core Fixed Income Fund | 0.64% | 7.56% | 0.82% | 5.44% | -14.84% | -1.49% | 9.49% | 9.59% | 0.11% | 5.07% |
Correlation
The correlation between NCRLX and SCOAX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.92 |
The correlation between NCRLX and SCOAX has been stable across timeframes, ranging from 0.92 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NCRLX vs. SCOAX — Risk / Return Rank
NCRLX
SCOAX
NCRLX vs. SCOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Core Bond Fund (NCRLX) and SEI Institutional Investments Trust Core Fixed Income Fund (SCOAX). 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 | SCOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.54 | +0.01 |
| Martin ratioReturn relative to average drawdown | 4.33 | 4.28 | +0.05 |
Loading charts...
Drawdowns
NCRLX vs. SCOAX - Drawdown Comparison
The maximum NCRLX drawdown since its inception was -19.21%, roughly equal to the maximum SCOAX drawdown of -20.12%. Use the drawdown chart below to compare losses from any high point for NCRLX and SCOAX.
Loading charts...
Drawdown Indicators
| NCRLX | SCOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.21% | -20.12% | +0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -3.06% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -6.39% | -7.02% | +0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -19.21% | -19.90% | +0.69% |
Max Drawdown (10Y)Largest decline over 10 years | -19.21% | -20.12% | +0.91% |
Current DrawdownCurrent decline from peak | -1.72% | -3.47% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -5.46% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.10% | -0.05% |
Volatility
NCRLX vs. SCOAX - Volatility Comparison
Neuberger Berman Core Bond Fund (NCRLX) and SEI Institutional Investments Trust Core Fixed Income Fund (SCOAX) have volatilities of 1.27% and 1.25%, 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.
Loading charts...
Volatility by Period
| NCRLX | SCOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.25% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 3.00% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 4.04% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | 6.38% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.01% | 5.23% | -0.22% |
NCRLX vs. SCOAX - Expense Ratio Comparison
NCRLX has a 0.39% expense ratio, which is higher than SCOAX's 0.36% expense ratio.
Dividends
NCRLX vs. SCOAX - Dividend Comparison
NCRLX's dividend yield for the trailing twelve months is around 4.68%, more than SCOAX's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NCRLX Neuberger Berman Core Bond Fund | 4.68% | 4.68% | 4.76% | 3.90% | 2.63% | 2.47% | 4.76% | 3.37% | 3.00% | 2.80% | 3.37% | 3.15% |
SCOAX SEI Institutional Investments Trust Core Fixed Income Fund | 4.25% | 4.19% | 3.57% | 2.98% | 2.11% | 1.69% | 6.04% | 4.24% | 3.16% | 3.67% | 3.79% | 4.73% |
Frequently Asked Questions
With a correlation of 0.96, NCRLX and SCOAX 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.
NCRLX has higher volatility (1.27%) compared to SCOAX (1.25%). In terms of maximum drawdown, NCRLX dropped -19.21% vs SCOAX's -20.12%.
SCOAX currently has the higher Sharpe Ratio (1.17 vs 1.13), 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.
Find the right allocation for NCRLX and SCOAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer