NFIAX vs. PRWCX
NFIAX (Neuberger Berman Floating Rate Income Fund) and PRWCX (T. Rowe Price Capital Appreciation Fund) are both mutual funds - NFIAX is a Bank Loan fund managed by Neuberger Berman, while PRWCX is a Diversified Portfolio fund actively managed by T. Rowe Price. Over the past 10 years, NFIAX returned 4.58%/yr vs 11.36%/yr for PRWCX. At a 0.24 correlation, their price movements are largely independent. NFIAX charges 0.97%/yr vs 0.68%/yr for PRWCX.
Performance
NFIAX vs. PRWCX - Performance Comparison
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Returns By Period
In the year-to-date period, NFIAX achieves a 1.26% return, which is significantly lower than PRWCX's 4.53% return. Over the past 10 years, NFIAX has underperformed PRWCX with an annualized return of 4.58%, while PRWCX has yielded a comparatively higher 11.36% annualized return.
NFIAX
- 1D
- 0.00%
- 1M
- 0.40%
- YTD
- 1.26%
- 6M
- 1.81%
- 1Y
- 5.28%
- 3Y*
- 7.50%
- 5Y*
- 5.00%
- 10Y*
- 4.58%
PRWCX
- 1D
- -0.08%
- 1M
- -0.53%
- YTD
- 4.53%
- 6M
- 4.44%
- 1Y
- 12.48%
- 3Y*
- 12.75%
- 5Y*
- 8.42%
- 10Y*
- 11.36%
NFIAX vs. PRWCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFIAX Neuberger Berman Floating Rate Income Fund | 1.26% | 5.83% | 8.89% | 10.92% | -3.26% | 4.27% | 3.63% | 8.31% | -1.13% | 3.19% |
PRWCX T. Rowe Price Capital Appreciation Fund | 4.53% | 12.45% | 12.50% | 18.85% | -12.00% | 18.45% | 18.13% | 24.62% | 0.63% | 15.34% |
Correlation
The correlation between NFIAX and PRWCX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2009 | 0.24 |
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Return for Risk
NFIAX vs. PRWCX — Risk / Return Rank
NFIAX
PRWCX
NFIAX vs. PRWCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Floating Rate Income Fund (NFIAX) and T. Rowe Price Capital Appreciation Fund (PRWCX). 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.
| NFIAX | PRWCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +3.66 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.31 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 4.86 | 2.07 | +2.80 |
| Martin ratioReturn relative to average drawdown | 16.49 | 8.70 | +7.79 |
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Drawdowns
NFIAX vs. PRWCX - Drawdown Comparison
The maximum NFIAX drawdown since its inception was -22.18%, smaller than the maximum PRWCX drawdown of -41.77%. Use the drawdown chart below to compare losses from any high point for NFIAX and PRWCX.
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Drawdown Indicators
| NFIAX | PRWCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.18% | -41.77% | +19.59% |
Max Drawdown (1Y)Largest decline over 1 year | -1.07% | -6.32% | +5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -2.19% | -15.96% | +13.77% |
Max Drawdown (5Y)Largest decline over 5 years | -6.84% | -17.07% | +10.23% |
Max Drawdown (10Y)Largest decline over 10 years | -22.18% | -26.86% | +4.68% |
Current DrawdownCurrent decline from peak | -0.22% | -1.58% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -3.33% | +2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 1.50% | -1.19% |
Volatility
NFIAX vs. PRWCX - Volatility Comparison
The current volatility for Neuberger Berman Floating Rate Income Fund (NFIAX) is 0.57%, while T. Rowe Price Capital Appreciation Fund (PRWCX) has a volatility of 2.80%. This indicates that NFIAX experiences smaller price fluctuations and is considered to be less risky than PRWCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFIAX | PRWCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 2.80% | -2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.58% | 6.47% | -4.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.19% | 7.81% | -5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.69% | 12.79% | -10.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.02% | 12.76% | -8.74% |
NFIAX vs. PRWCX - Expense Ratio Comparison
NFIAX has a 0.97% expense ratio, which is higher than PRWCX's 0.68% expense ratio.
Dividends
NFIAX vs. PRWCX - Dividend Comparison
NFIAX's dividend yield for the trailing twelve months is around 6.60%, less than PRWCX's 8.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFIAX Neuberger Berman Floating Rate Income Fund | 6.60% | 6.84% | 8.05% | 6.89% | 3.97% | 3.36% | 3.68% | 4.71% | 4.32% | 3.44% | 3.46% | 4.05% |
PRWCX T. Rowe Price Capital Appreciation Fund | 8.43% | 8.81% | 10.38% | 4.15% | 9.44% | 9.23% | 7.97% | 5.83% | 7.46% | 6.82% | 3.51% | 9.86% |
Frequently Asked Questions
NFIAX and PRWCX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRWCX has higher volatility (2.80%) compared to NFIAX (0.57%). In terms of maximum drawdown, NFIAX dropped -22.18% vs PRWCX's -41.77%.
NFIAX currently has the higher Sharpe Ratio (2.38 vs 1.68), 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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