NHS vs. NBXG
NHS (Neuberger Berman High Yield Strategies Fund) and NBXG (Neuberger Berman Next Generation Connectivity Fund) are both mutual funds - NHS is a High Yield Bonds fund actively managed by Neuberger Berman, while NBXG is a Technology Equities fund actively managed by Neuberger Berman. Both are actively managed. Over the past 5 years, NHS returned -1.45%/yr vs 3.98%/yr for NBXG. Their 0.39 correlation means their historical movements had little consistent relationship. NHS charges 4.14%/yr vs 1.37%/yr for NBXG.
Performance
NHS vs. NBXG - Performance Comparison
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Returns By Period
In the year-to-date period, NHS achieves a -10.96% return, which is significantly lower than NBXG's 8.28% return.
NHS
- 1D
- -0.50%
- 1M
- -1.95%
- 6M
- -13.90%
- YTD
- -10.96%
- 1Y
- -4.46%
- 3Y*
- 6.46%
- 5Y*
- -1.45%
- 10Y*
- 4.94%
- ALL TIME*
- 6.78%
NBXG
- 1D
- 0.89%
- 1M
- -7.34%
- 6M
- 7.85%
- YTD
- 8.28%
- 1Y
- 12.41%
- 3Y*
- 20.71%
- 5Y*
- 3.98%
- 10Y*
- —
- ALL TIME*
- 3.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.23M | $3.85M | $3.91M | |
| $1.10M | $992.56K | $1.32M |
NHS vs. NBXG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NHS Neuberger Berman High Yield Strategies Fund | -10.96% | 14.81% | 11.04% | 6.12% | -22.99% | -0.65% |
NBXG Neuberger Berman Next Generation Connectivity Fund | 8.28% | 24.23% | 28.53% | 34.92% | -41.41% | -10.72% |
Correlation
The correlation between NHS and NBXG is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.39 |
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Return for Risk
NHS vs. NBXG — Risk / Return Rank
NHS
NBXG
NHS vs. NBXG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman High Yield Strategies Fund (NHS) and Neuberger Berman Next Generation Connectivity Fund (NBXG). 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.
| NHS | NBXG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.09 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 0.52 | -0.81 |
| Martin ratioReturn relative to average drawdown | -0.54 | 1.44 | -1.98 |
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Drawdowns
NHS vs. NBXG - Drawdown Comparison
The maximum NHS drawdown since its inception was -64.67%, which is greater than NBXG's maximum drawdown of -51.76%. Use the drawdown chart below to compare losses from any high point for NHS and NBXG.
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Drawdown Indicators
| NHS | NBXG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.67% | -51.76% | -12.91% |
Max Drawdown (1Y)Largest decline over 1 year | -17.01% | -17.90% | +0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -17.01% | -22.08% | +5.07% |
Max Drawdown (5Y)Largest decline over 5 years | -37.43% | -51.76% | +14.33% |
Max Drawdown (10Y)Largest decline over 10 years | -42.97% | — | — |
Current DrawdownCurrent decline from peak | -16.34% | -13.93% | -2.41% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -20.67% | +11.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.05% | 6.42% | +2.63% |
Volatility
NHS vs. NBXG - Volatility Comparison
The current volatility for Neuberger Berman High Yield Strategies Fund (NHS) is 2.54%, while Neuberger Berman Next Generation Connectivity Fund (NBXG) has a volatility of 9.20%. This indicates that NHS experiences smaller price fluctuations and is considered to be less risky than NBXG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NHS | NBXG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 9.20% | -6.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.64% | 20.15% | -10.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 23.16% | -10.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 26.78% | -10.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.69% | 26.38% | -9.69% |
NHS vs. NBXG - Expense Ratio Comparison
NHS has a 4.14% expense ratio, which is higher than NBXG's 1.37% expense ratio.
Dividends
NHS vs. NBXG - Dividend Comparison
NHS's dividend yield for the trailing twelve months is around 18.04%, more than NBXG's 9.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NBXG Neuberger Berman Next Generation Connectivity Fund | 9.49% | 8.73% | 9.42% | 10.98% | 13.19% | 3.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NHS Neuberger Berman High Yield Strategies Fund | 18.04% | 14.60% | 14.50% | 13.94% | 12.75% | 8.74% | 9.29% | 7.99% | 8.37% | 7.59% | 8.23% | 9.81% |
Frequently Asked Questions
NHS and NBXG have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBXG has higher volatility (9.20%) compared to NHS (2.54%). In terms of maximum drawdown, NHS dropped -64.67% vs NBXG's -51.76%.
NBXG currently has the higher Sharpe Ratio (0.40 vs -0.38), 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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