NFIAX vs. PSFIX
NFIAX (Neuberger Berman Floating Rate Income Fund) and PSFIX (Virtus Newfleet Senior Floating Rate Fund) are both Bank Loan funds. Over the past 10 years, NFIAX returned 4.58%/yr vs 4.52%/yr for PSFIX. A 0.70 correlation means they provide meaningful diversification when combined. NFIAX charges 0.97%/yr vs 0.69%/yr for PSFIX.
Performance
NFIAX vs. PSFIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with NFIAX having a 1.26% return and PSFIX slightly higher at 1.32%. Both investments have delivered pretty close results over the past 10 years, with NFIAX having a 4.58% annualized return and PSFIX not far behind at 4.52%.
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%
PSFIX
- 1D
- 0.00%
- 1M
- 0.20%
- YTD
- 1.32%
- 6M
- 1.93%
- 1Y
- 4.82%
- 3Y*
- 6.95%
- 5Y*
- 5.21%
- 10Y*
- 4.52%
NFIAX vs. PSFIX - 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% |
PSFIX Virtus Newfleet Senior Floating Rate Fund | 1.32% | 5.11% | 7.59% | 10.67% | -0.21% | 4.51% | 0.94% | 8.29% | -0.95% | 3.11% |
Correlation
The correlation between NFIAX and PSFIX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2009 | 0.70 |
The correlation between NFIAX and PSFIX shifts across timeframes, from 0.60 (3 years) to 0.71 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NFIAX vs. PSFIX — Risk / Return Rank
NFIAX
PSFIX
NFIAX vs. PSFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Floating Rate Income Fund (NFIAX) and Virtus Newfleet Senior Floating Rate Fund (PSFIX). 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 | PSFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.76 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.86 | 5.47 | -0.61 |
| Martin ratioReturn relative to average drawdown | 16.49 | 17.73 | -1.24 |
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Drawdowns
NFIAX vs. PSFIX - Drawdown Comparison
The maximum NFIAX drawdown since its inception was -22.18%, roughly equal to the maximum PSFIX drawdown of -22.76%. Use the drawdown chart below to compare losses from any high point for NFIAX and PSFIX.
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Drawdown Indicators
| NFIAX | PSFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.18% | -22.76% | +0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -1.07% | -0.88% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -2.19% | -2.62% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -6.84% | -5.78% | -1.06% |
Max Drawdown (10Y)Largest decline over 10 years | -22.18% | -22.76% | +0.58% |
Current DrawdownCurrent decline from peak | -0.22% | -0.24% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -0.86% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 0.27% | +0.04% |
Volatility
NFIAX vs. PSFIX - Volatility Comparison
Neuberger Berman Floating Rate Income Fund (NFIAX) has a higher volatility of 0.57% compared to Virtus Newfleet Senior Floating Rate Fund (PSFIX) at 0.50%. This indicates that NFIAX's price experiences larger fluctuations and is considered to be riskier than PSFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFIAX | PSFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 0.50% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.58% | 1.65% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.19% | 2.29% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.69% | 2.82% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.02% | 4.16% | -0.14% |
NFIAX vs. PSFIX - Expense Ratio Comparison
NFIAX has a 0.97% expense ratio, which is higher than PSFIX's 0.69% expense ratio.
Dividends
NFIAX vs. PSFIX - Dividend Comparison
NFIAX's dividend yield for the trailing twelve months is around 6.60%, which matches PSFIX's 6.65% 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% |
PSFIX Virtus Newfleet Senior Floating Rate Fund | 6.65% | 7.22% | 7.77% | 7.48% | 4.85% | 2.84% | 3.98% | 5.29% | 5.07% | 4.03% | 3.95% | 4.40% |
Frequently Asked Questions
NFIAX and PSFIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFIAX has higher volatility (0.57%) compared to PSFIX (0.50%). In terms of maximum drawdown, NFIAX dropped -22.18% vs PSFIX's -22.76%.
NFIAX currently has the higher Sharpe Ratio (2.38 vs 2.12), 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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