NFIAX vs. SCYB
NFIAX (Neuberger Berman Floating Rate Income Fund) and SCYB (Schwab High Yield Bond ETF) are both funds - NFIAX is a Bank Loan fund managed by Neuberger Berman, while SCYB is a High Yield Bonds fund tracking the ICE BofA US Cash Pay High Yield Constrained Index. Over the past 3 years, NFIAX returned 6.86%/yr vs 8.22%/yr for SCYB. Their 0.20 correlation means their historical movements had little consistent relationship. NFIAX charges 0.97%/yr vs 0.03%/yr for SCYB.
Performance
NFIAX vs. SCYB - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with NFIAX having a 1.79% return and SCYB slightly higher at 1.87%.
NFIAX
- 1D
- 0.11%
- 1M
- 0.11%
- 6M
- 1.89%
- YTD
- 1.79%
- 1Y
- 4.17%
- 3Y*
- 6.86%
- 5Y*
- 5.06%
- 10Y*
- 4.43%
- ALL TIME*
- 4.28%
SCYB
- 1D
- 0.08%
- 1M
- -0.27%
- 6M
- 1.11%
- YTD
- 1.87%
- 1Y
- 5.41%
- 3Y*
- 8.22%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $27.25M | $28.58M | $31.43M |
NFIAX vs. SCYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NFIAX Neuberger Berman Floating Rate Income Fund | 1.79% | 5.83% | 8.89% | 5.02% |
SCYB Schwab High Yield Bond ETF | 1.87% | 8.33% | 8.15% | 7.29% |
Correlation
The correlation between NFIAX and SCYB is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.20 |
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Return for Risk
NFIAX vs. SCYB — Risk / Return Rank
NFIAX
SCYB
NFIAX vs. SCYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Floating Rate Income Fund (NFIAX) and Schwab High Yield Bond ETF (SCYB). 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 | SCYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +3.22 | ||
| Omega ratioGain probability vs. loss probability | 1.84 | 1.28 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 2.21 | +2.19 |
| Martin ratioReturn relative to average drawdown | 14.66 | 9.67 | +4.99 |
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Drawdowns
NFIAX vs. SCYB - Drawdown Comparison
The maximum NFIAX drawdown since its inception was -22.18%, which is greater than SCYB's maximum drawdown of -4.92%. Use the drawdown chart below to compare losses from any high point for NFIAX and SCYB.
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Drawdown Indicators
| NFIAX | SCYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.18% | -4.92% | -17.26% |
Max Drawdown (1Y)Largest decline over 1 year | -1.07% | -2.44% | +1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -2.19% | -4.92% | +2.73% |
Max Drawdown (5Y)Largest decline over 5 years | -6.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.18% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.46% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -0.82% | -0.50% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 0.56% | -0.24% |
Volatility
NFIAX vs. SCYB - Volatility Comparison
The current volatility for Neuberger Berman Floating Rate Income Fund (NFIAX) is 0.27%, while Schwab High Yield Bond ETF (SCYB) has a volatility of 0.74%. This indicates that NFIAX experiences smaller price fluctuations and is considered to be less risky than SCYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFIAX | SCYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.27% | 0.74% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 1.57% | 3.04% | -1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.19% | 3.75% | -1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.70% | 5.04% | -2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.01% | 5.04% | -1.03% |
NFIAX vs. SCYB - Expense Ratio Comparison
NFIAX has a 0.97% expense ratio, which is higher than SCYB's 0.03% expense ratio.
Dividends
NFIAX vs. SCYB - Dividend Comparison
NFIAX's dividend yield for the trailing twelve months is around 5.94%, less than SCYB's 6.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFIAX Neuberger Berman Floating Rate Income Fund | 5.94% | 6.84% | 8.05% | 6.89% | 3.97% | 3.36% | 3.68% | 4.71% | 4.32% | 3.44% | 3.46% | 4.05% |
SCYB Schwab High Yield Bond ETF | 6.31% | 6.99% | 7.06% | 3.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NFIAX and SCYB have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCYB has higher volatility (0.74%) compared to NFIAX (0.27%). In terms of maximum drawdown, NFIAX dropped -22.18% vs SCYB's -4.92%.
NFIAX currently has the higher Sharpe Ratio (2.16 vs 1.44), 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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