NFIAX vs. SCYB
Compare and contrast key facts about Neuberger Berman Floating Rate Income Fund (NFIAX) and Schwab High Yield Bond ETF (SCYB).
NFIAX is managed by Neuberger Berman. It was launched on Dec 28, 2009. SCYB is a passively managed fund by Charles Schwab that tracks the performance of the ICE BofA US Cash Pay High Yield Constrained Index. It was launched on Jul 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NFIAX or SCYB.
Correlation
The correlation between NFIAX and SCYB is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NFIAX vs. SCYB - Performance Comparison
Key characteristics
NFIAX:
2.34
SCYB:
1.62
NFIAX:
4.30
SCYB:
2.36
NFIAX:
1.99
SCYB:
1.35
NFIAX:
2.89
SCYB:
1.87
NFIAX:
13.96
SCYB:
10.03
NFIAX:
0.45%
SCYB:
0.92%
NFIAX:
2.71%
SCYB:
5.68%
NFIAX:
-22.18%
SCYB:
-4.92%
NFIAX:
-0.02%
SCYB:
-0.81%
Returns By Period
In the year-to-date period, NFIAX achieves a 0.66% return, which is significantly lower than SCYB's 1.29% return.
NFIAX
0.66%
1.66%
2.00%
6.20%
7.61%
4.17%
SCYB
1.29%
2.96%
2.16%
7.86%
N/A
N/A
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NFIAX vs. SCYB - Expense Ratio Comparison
NFIAX has a 0.97% expense ratio, which is higher than SCYB's 0.03% expense ratio.
Risk-Adjusted Performance
NFIAX vs. SCYB — Risk-Adjusted Performance Rank
NFIAX
SCYB
NFIAX vs. SCYB - Risk-Adjusted Performance 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.
Dividends
NFIAX vs. SCYB - Dividend Comparison
NFIAX's dividend yield for the trailing twelve months is around 7.59%, more than SCYB's 7.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFIAX Neuberger Berman Floating Rate Income Fund | 7.59% | 8.06% | 8.28% | 5.37% | 3.36% | 3.68% | 4.72% | 4.31% | 3.41% | 3.48% | 3.78% | 3.50% |
SCYB Schwab High Yield Bond ETF | 7.21% | 7.07% | 3.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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. For additional features, visit the drawdowns tool.
Volatility
NFIAX vs. SCYB - Volatility Comparison
The current volatility for Neuberger Berman Floating Rate Income Fund (NFIAX) is 1.49%, while Schwab High Yield Bond ETF (SCYB) has a volatility of 4.36%. 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.