NFIAX vs. SPHY
Compare and contrast key facts about Neuberger Berman Floating Rate Income Fund (NFIAX) and SPDR Portfolio High Yield Bond ETF (SPHY).
NFIAX is managed by Neuberger Berman. It was launched on Dec 28, 2009. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NFIAX or SPHY.
Correlation
The correlation between NFIAX and SPHY is 0.22, 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. SPHY - Performance Comparison
Key characteristics
NFIAX:
2.34
SPHY:
1.67
NFIAX:
4.30
SPHY:
2.44
NFIAX:
1.99
SPHY:
1.36
NFIAX:
2.89
SPHY:
1.92
NFIAX:
13.96
SPHY:
10.20
NFIAX:
0.45%
SPHY:
0.91%
NFIAX:
2.71%
SPHY:
5.57%
NFIAX:
-22.18%
SPHY:
-21.97%
NFIAX:
-0.02%
SPHY:
-0.92%
Returns By Period
In the year-to-date period, NFIAX achieves a 0.66% return, which is significantly lower than SPHY's 1.29% return. Over the past 10 years, NFIAX has underperformed SPHY with an annualized return of 4.17%, while SPHY has yielded a comparatively higher 4.60% annualized return.
NFIAX
0.66%
1.66%
2.00%
6.20%
7.61%
4.17%
SPHY
1.29%
2.90%
2.34%
7.82%
6.68%
4.60%
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NFIAX vs. SPHY - Expense Ratio Comparison
NFIAX has a 0.97% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
NFIAX vs. SPHY — Risk-Adjusted Performance Rank
NFIAX
SPHY
NFIAX vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Floating Rate Income Fund (NFIAX) and SPDR Portfolio High Yield Bond ETF (SPHY). 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. SPHY - Dividend Comparison
NFIAX's dividend yield for the trailing twelve months is around 7.59%, less than SPHY's 7.77% 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% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.77% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
Drawdowns
NFIAX vs. SPHY - Drawdown Comparison
The maximum NFIAX drawdown since its inception was -22.18%, roughly equal to the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for NFIAX and SPHY. For additional features, visit the drawdowns tool.
Volatility
NFIAX vs. SPHY - Volatility Comparison
The current volatility for Neuberger Berman Floating Rate Income Fund (NFIAX) is 1.49%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 4.23%. This indicates that NFIAX experiences smaller price fluctuations and is considered to be less risky than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.