NGUAX vs. NCRLX
NGUAX (Neuberger Berman Guardian Fund) and NCRLX (Neuberger Berman Core Bond Fund) are both mutual funds - NGUAX is a Large Cap Growth Equities fund managed by Neuberger Berman, while NCRLX is a Intermediate Core Bond fund managed by Neuberger Berman. Over the past 10 years, NGUAX returned 16.22%/yr vs 1.79%/yr for NCRLX. At a correlation of -0.06, they often move in opposite directions. NGUAX charges 0.82%/yr vs 0.39%/yr for NCRLX.
Performance
NGUAX vs. NCRLX - Performance Comparison
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Returns By Period
In the year-to-date period, NGUAX achieves a 4.24% return, which is significantly higher than NCRLX's 0.05% return. Over the past 10 years, NGUAX has outperformed NCRLX with an annualized return of 16.22%, while NCRLX has yielded a comparatively lower 1.79% annualized return.
NGUAX
- 1D
- -1.12%
- 1M
- -1.31%
- YTD
- 4.24%
- 6M
- 3.61%
- 1Y
- 16.02%
- 3Y*
- 18.35%
- 5Y*
- 11.16%
- 10Y*
- 16.22%
NCRLX
- 1D
- -0.34%
- 1M
- 0.48%
- YTD
- 0.05%
- 6M
- 0.40%
- 1Y
- 4.28%
- 3Y*
- 4.10%
- 5Y*
- -0.15%
- 10Y*
- 1.79%
NGUAX vs. NCRLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NGUAX Neuberger Berman Guardian Fund | 4.24% | 14.38% | 23.80% | 35.98% | -24.47% | 27.43% | 34.56% | 36.69% | -7.16% | 25.28% |
NCRLX Neuberger Berman Core Bond Fund | 0.05% | 7.24% | 1.90% | 5.69% | -14.36% | -1.07% | 9.50% | 9.43% | -1.06% | 3.95% |
Correlation
The correlation between NGUAX and NCRLX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 1995 | -0.06 |
The correlation between NGUAX and NCRLX shifts across timeframes, from -0.06 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NGUAX vs. NCRLX — Risk / Return Rank
NGUAX
NCRLX
NGUAX vs. NCRLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Guardian Fund (NGUAX) and Neuberger Berman Core Bond Fund (NCRLX). 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.
| NGUAX | NCRLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.55 | -0.33 |
| Martin ratioReturn relative to average drawdown | 4.14 | 4.36 | -0.23 |
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Drawdowns
NGUAX vs. NCRLX - Drawdown Comparison
The maximum NGUAX drawdown since its inception was -78.07%, which is greater than NCRLX's maximum drawdown of -19.21%. Use the drawdown chart below to compare losses from any high point for NGUAX and NCRLX.
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Drawdown Indicators
| NGUAX | NCRLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.07% | -19.21% | -58.86% |
Max Drawdown (1Y)Largest decline over 1 year | -14.16% | -2.93% | -11.23% |
Max Drawdown (3Y)Largest decline over 3 years | -20.89% | -6.39% | -14.50% |
Max Drawdown (5Y)Largest decline over 5 years | -28.43% | -19.21% | -9.22% |
Max Drawdown (10Y)Largest decline over 10 years | -31.99% | -19.21% | -12.78% |
Current DrawdownCurrent decline from peak | -3.01% | -2.28% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -31.83% | -3.81% | -28.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 1.04% | +3.11% |
Volatility
NGUAX vs. NCRLX - Volatility Comparison
Neuberger Berman Guardian Fund (NGUAX) has a higher volatility of 5.10% compared to Neuberger Berman Core Bond Fund (NCRLX) at 1.20%. This indicates that NGUAX's price experiences larger fluctuations and is considered to be riskier than NCRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NGUAX | NCRLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 1.20% | +3.90% |
Volatility (6M)Calculated over the trailing 6-month period | 11.13% | 3.01% | +8.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.09% | 4.03% | +10.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 6.04% | +12.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.32% | 5.01% | +13.31% |
NGUAX vs. NCRLX - Expense Ratio Comparison
NGUAX has a 0.82% expense ratio, which is higher than NCRLX's 0.39% expense ratio.
Dividends
NGUAX vs. NCRLX - Dividend Comparison
NGUAX's dividend yield for the trailing twelve months is around 11.92%, more than NCRLX's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NCRLX Neuberger Berman Core Bond Fund | 4.71% | 4.68% | 4.76% | 3.90% | 2.63% | 2.47% | 4.76% | 3.37% | 3.00% | 2.80% | 3.37% | 3.15% |
NGUAX Neuberger Berman Guardian Fund | 11.92% | 12.43% | 6.01% | 4.30% | 6.62% | 10.92% | 7.60% | 6.21% | 11.21% | 6.87% | 13.11% | 12.82% |
Frequently Asked Questions
NGUAX and NCRLX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NGUAX has higher volatility (5.10%) compared to NCRLX (1.20%). In terms of maximum drawdown, NGUAX dropped -78.07% vs NCRLX's -19.21%.
NGUAX currently has the higher Sharpe Ratio (1.23 vs 1.13), 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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