NHS vs. OSTIX
NHS (Neuberger Berman High Yield Strategies Fund) and OSTIX (Osterweis Strategic Income Fund) are both High Yield Bonds funds. Over the past 10 years, NHS returned 5.33%/yr vs 5.11%/yr for OSTIX. At a 0.31 correlation, their price movements are largely independent. NHS charges 4.14%/yr vs 0.84%/yr for OSTIX.
Performance
NHS vs. OSTIX - Performance Comparison
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Returns By Period
In the year-to-date period, NHS achieves a -10.80% return, which is significantly lower than OSTIX's 1.67% return. Both investments have delivered pretty close results over the past 10 years, with NHS having a 5.33% annualized return and OSTIX not far behind at 5.11%.
NHS
- 1D
- -0.49%
- 1M
- -1.46%
- YTD
- -10.80%
- 6M
- -6.99%
- 1Y
- -3.24%
- 3Y*
- 7.60%
- 5Y*
- -2.02%
- 10Y*
- 5.33%
OSTIX
- 1D
- -0.09%
- 1M
- 0.47%
- YTD
- 1.67%
- 6M
- 1.82%
- 1Y
- 4.47%
- 3Y*
- 7.01%
- 5Y*
- 4.20%
- 10Y*
- 5.11%
NHS vs. OSTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NHS Neuberger Berman High Yield Strategies Fund | -10.80% | 14.81% | 11.04% | 6.12% | -22.99% | 15.78% | 4.57% | 39.03% | -11.45% | 8.64% |
OSTIX Osterweis Strategic Income Fund | 1.67% | 4.04% | 8.03% | 12.29% | -5.94% | 5.48% | 9.01% | 5.36% | -0.66% | 6.00% |
Correlation
The correlation between NHS and OSTIX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2003 | 0.31 |
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Return for Risk
NHS vs. OSTIX — Risk / Return Rank
NHS
OSTIX
NHS vs. OSTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman High Yield Strategies Fund (NHS) and Osterweis Strategic Income Fund (OSTIX). 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 | OSTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.01 | ||
| Sortino ratioReturn per unit of downside risk | -4.35 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.65 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 3.30 | -3.49 |
| Martin ratioReturn relative to average drawdown | -0.43 | 14.90 | -15.33 |
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Drawdowns
NHS vs. OSTIX - Drawdown Comparison
The maximum NHS drawdown since its inception was -64.67%, which is greater than OSTIX's maximum drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for NHS and OSTIX.
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Drawdown Indicators
| NHS | OSTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.67% | -10.06% | -54.61% |
Max Drawdown (1Y)Largest decline over 1 year | -17.01% | -1.42% | -15.59% |
Max Drawdown (3Y)Largest decline over 3 years | -17.01% | -3.27% | -13.74% |
Max Drawdown (5Y)Largest decline over 5 years | -37.43% | -9.75% | -27.68% |
Max Drawdown (10Y)Largest decline over 10 years | -42.97% | -10.06% | -32.91% |
Current DrawdownCurrent decline from peak | -16.18% | -0.18% | -16.00% |
Average DrawdownAverage peak-to-trough decline | -8.87% | -0.94% | -7.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.55% | 0.31% | +7.24% |
Volatility
NHS vs. OSTIX - Volatility Comparison
Neuberger Berman High Yield Strategies Fund (NHS) has a higher volatility of 3.14% compared to Osterweis Strategic Income Fund (OSTIX) at 0.42%. This indicates that NHS's price experiences larger fluctuations and is considered to be riskier than OSTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NHS | OSTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 0.42% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.11% | 1.36% | +8.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.95% | 1.70% | +11.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 3.01% | +13.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 2.96% | +13.75% |
NHS vs. OSTIX - Expense Ratio Comparison
NHS has a 4.14% expense ratio, which is higher than OSTIX's 0.84% expense ratio.
Dividends
NHS vs. OSTIX - Dividend Comparison
NHS's dividend yield for the trailing twelve months is around 17.74%, more than OSTIX's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NHS Neuberger Berman High Yield Strategies Fund | 17.74% | 14.60% | 14.50% | 13.94% | 12.75% | 8.74% | 9.29% | 7.99% | 8.37% | 7.59% | 8.23% | 9.81% |
OSTIX Osterweis Strategic Income Fund | 4.75% | 3.96% | 5.25% | 5.72% | 4.72% | 4.03% | 3.85% | 4.74% | 4.66% | 4.58% | 5.23% | 5.98% |
Frequently Asked Questions
NHS and OSTIX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NHS has higher volatility (3.14%) compared to OSTIX (0.42%). In terms of maximum drawdown, NHS dropped -64.67% vs OSTIX's -10.06%.
OSTIX currently has the higher Sharpe Ratio (2.75 vs -0.26), 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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