NHS vs. PSHNX
NHS (Neuberger Berman High Yield Strategies Fund) and PSHNX (Penn Capital Short Duration High Income Fund) are both High Yield Bonds funds. Over the past 5 years, NHS returned -2.02%/yr vs 4.82%/yr for PSHNX. At a 0.40 correlation, their price movements are largely independent. NHS charges 4.14%/yr vs 1.01%/yr for PSHNX.
Performance
NHS vs. PSHNX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NHS achieves a -10.80% return, which is significantly lower than PSHNX's 1.84% return.
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%
PSHNX
- 1D
- 0.00%
- 1M
- 0.68%
- YTD
- 1.84%
- 6M
- 2.05%
- 1Y
- 5.89%
- 3Y*
- 7.32%
- 5Y*
- 4.82%
- 10Y*
- —
NHS vs. PSHNX - 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% | 1.03% |
PSHNX Penn Capital Short Duration High Income Fund | 1.84% | 7.72% | 7.19% | 8.72% | -2.26% | 3.43% | 0.88% | 7.40% | 0.61% | 0.65% |
Correlation
The correlation between NHS and PSHNX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2017 | 0.40 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NHS vs. PSHNX — Risk / Return Rank
NHS
PSHNX
NHS vs. PSHNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman High Yield Strategies Fund (NHS) and Penn Capital Short Duration High Income Fund (PSHNX). 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 | PSHNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.51 | ||
| Sortino ratioReturn per unit of downside risk | -5.57 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.77 | -0.81 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 5.36 | -5.55 |
| Martin ratioReturn relative to average drawdown | -0.43 | 27.21 | -27.64 |
Loading charts...
Drawdowns
NHS vs. PSHNX - Drawdown Comparison
The maximum NHS drawdown since its inception was -64.67%, which is greater than PSHNX's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for NHS and PSHNX.
Loading charts...
Drawdown Indicators
| NHS | PSHNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.67% | -14.53% | -50.14% |
Max Drawdown (1Y)Largest decline over 1 year | -17.01% | -1.14% | -15.87% |
Max Drawdown (3Y)Largest decline over 3 years | -17.01% | -2.83% | -14.18% |
Max Drawdown (5Y)Largest decline over 5 years | -37.43% | -6.02% | -31.41% |
Max Drawdown (10Y)Largest decline over 10 years | -42.97% | — | — |
Current DrawdownCurrent decline from peak | -16.18% | 0.00% | -16.18% |
Average DrawdownAverage peak-to-trough decline | -8.87% | -0.88% | -7.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.55% | 0.23% | +7.32% |
Volatility
NHS vs. PSHNX - Volatility Comparison
Neuberger Berman High Yield Strategies Fund (NHS) has a higher volatility of 3.14% compared to Penn Capital Short Duration High Income Fund (PSHNX) at 0.44%. This indicates that NHS's price experiences larger fluctuations and is considered to be riskier than PSHNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NHS | PSHNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 0.44% | +2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 10.11% | 1.48% | +8.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.95% | 1.89% | +11.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 2.65% | +13.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 3.15% | +13.56% |
NHS vs. PSHNX - Expense Ratio Comparison
NHS has a 4.14% expense ratio, which is higher than PSHNX's 1.01% expense ratio.
Dividends
NHS vs. PSHNX - Dividend Comparison
NHS's dividend yield for the trailing twelve months is around 17.74%, more than PSHNX's 6.06% 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% |
PSHNX Penn Capital Short Duration High Income Fund | 6.06% | 6.27% | 6.43% | 4.95% | 3.47% | 3.17% | 3.95% | 3.65% | 3.13% | 1.46% | 0.00% | 0.00% |
Frequently Asked Questions
NHS and PSHNX have a correlation of 0.38, 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 PSHNX (0.44%). In terms of maximum drawdown, NHS dropped -64.67% vs PSHNX's -14.53%.
PSHNX currently has the higher Sharpe Ratio (3.25 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.
Find the right allocation for NHS and PSHNX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer