NGUAX vs. NMANX
NGUAX (Neuberger Berman Guardian Fund) and NMANX (Neuberger Berman Mid Cap Growth Fund) are both mutual funds - NGUAX is a Large Cap Growth Equities fund managed by Neuberger Berman, while NMANX is a Mid Cap Growth Equities fund managed by Neuberger Berman. Over the past 10 years, NGUAX returned 15.22%/yr vs 11.29%/yr for NMANX. Their correlation of 0.85 means they have usually moved in the same direction. NGUAX charges 0.82%/yr vs 0.83%/yr for NMANX.
Performance
NGUAX vs. NMANX - Performance Comparison
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Returns By Period
In the year-to-date period, NGUAX achieves a 2.19% return, which is significantly lower than NMANX's 2.39% return. Over the past 10 years, NGUAX has outperformed NMANX with an annualized return of 15.22%, while NMANX has yielded a comparatively lower 11.29% annualized return.
NGUAX
- 1D
- 1.81%
- 1M
- -2.32%
- 6M
- 3.34%
- YTD
- 2.19%
- 1Y
- 7.77%
- 3Y*
- 15.67%
- 5Y*
- 9.55%
- 10Y*
- 15.22%
- ALL TIME*
- 8.18%
NMANX
- 1D
- 2.04%
- 1M
- -4.21%
- 6M
- 0.54%
- YTD
- 2.39%
- 1Y
- -2.04%
- 3Y*
- 11.39%
- 5Y*
- 2.50%
- 10Y*
- 11.29%
- ALL TIME*
- 10.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NGUAX vs. NMANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NGUAX Neuberger Berman Guardian Fund | 2.19% | 14.38% | 23.80% | 35.98% | -24.47% | 27.43% | 34.56% | 36.69% | -7.16% | 25.28% |
NMANX Neuberger Berman Mid Cap Growth Fund | 2.39% | 5.51% | 24.39% | 18.21% | -28.82% | 12.42% | 39.45% | 33.62% | -6.28% | 29.01% |
Correlation
The correlation between NGUAX and NMANX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1980 | 0.85 |
The correlation between NGUAX and NMANX has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.
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Return for Risk
NGUAX vs. NMANX — Risk / Return Rank
NGUAX
NMANX
NGUAX vs. NMANX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Guardian Fund (NGUAX) and Neuberger Berman Mid Cap Growth Fund (NMANX). 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 | NMANX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.99 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | -0.23 | +0.69 |
| Martin ratioReturn relative to average drawdown | 1.50 | -0.64 | +2.15 |
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Drawdowns
NGUAX vs. NMANX - Drawdown Comparison
The maximum NGUAX drawdown since its inception was -78.07%, which is greater than NMANX's maximum drawdown of -72.14%. Use the drawdown chart below to compare losses from any high point for NGUAX and NMANX.
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Drawdown Indicators
| NGUAX | NMANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.07% | -72.14% | -5.93% |
Max Drawdown (1Y)Largest decline over 1 year | -14.16% | -17.71% | +3.55% |
Max Drawdown (3Y)Largest decline over 3 years | -20.89% | -25.93% | +5.04% |
Max Drawdown (5Y)Largest decline over 5 years | -28.43% | -38.10% | +9.67% |
Max Drawdown (10Y)Largest decline over 10 years | -31.99% | -38.10% | +6.11% |
Current DrawdownCurrent decline from peak | -4.92% | -8.53% | +3.61% |
Average DrawdownAverage peak-to-trough decline | -31.77% | -17.36% | -14.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.31% | 6.40% | -2.09% |
Volatility
NGUAX vs. NMANX - Volatility Comparison
The current volatility for Neuberger Berman Guardian Fund (NGUAX) is 4.35%, while Neuberger Berman Mid Cap Growth Fund (NMANX) has a volatility of 5.70%. This indicates that NGUAX experiences smaller price fluctuations and is considered to be less risky than NMANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NGUAX | NMANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 5.70% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 11.65% | 17.55% | -5.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.62% | 22.12% | -7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.43% | 23.50% | -5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 22.58% | -4.27% |
NGUAX vs. NMANX - Expense Ratio Comparison
NGUAX has a 0.82% expense ratio, which is lower than NMANX's 0.83% expense ratio.
Dividends
NGUAX vs. NMANX - Dividend Comparison
NGUAX's dividend yield for the trailing twelve months is around 12.16%, less than NMANX's 22.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NGUAX Neuberger Berman Guardian Fund | 12.16% | 12.43% | 6.01% | 4.30% | 6.62% | 10.92% | 7.60% | 6.21% | 11.21% | 6.87% | 13.11% | 12.82% |
NMANX Neuberger Berman Mid Cap Growth Fund | 22.56% | 23.10% | 9.85% | 3.19% | 4.87% | 16.30% | 9.58% | 5.43% | 11.70% | 8.94% | 5.00% | 9.00% |
Frequently Asked Questions
NGUAX and NMANX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMANX has higher volatility (5.70%) compared to NGUAX (4.35%). In terms of maximum drawdown, NGUAX dropped -78.07% vs NMANX's -72.14%.
NGUAX currently has the higher Sharpe Ratio (0.45 vs -0.19), 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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