NHS vs. XILSX
NHS (Neuberger Berman High Yield Strategies Fund) and XILSX (Pioneer ILS Interval Fund) are both High Yield Bonds funds. Over the past 5 years, NHS returned -1.45%/yr vs 12.59%/yr for XILSX. Their -0.01 correlation means they have often moved in opposite directions in the past. NHS charges 4.14%/yr vs 1.88%/yr for XILSX.
Performance
NHS vs. XILSX - 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 XILSX's 10.04% 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%
XILSX
- 1D
- 0.00%
- 1M
- 0.95%
- 6M
- 8.36%
- YTD
- 10.04%
- 1Y
- 23.43%
- 3Y*
- 19.09%
- 5Y*
- 12.59%
- 10Y*
- —
- ALL TIME*
- 6.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.10M | $992.56K | $1.32M | |
| $0.00 | $0.00 | $0.00 |
NHS vs. XILSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NHS Neuberger Berman High Yield Strategies Fund | -10.96% | 14.81% | 11.04% | 6.12% | -22.99% | 15.78% | 4.57% | 39.03% | -11.45% | 5.02% |
XILSX Pioneer ILS Interval Fund | 10.04% | 18.70% | 18.93% | 18.65% | 1.23% | -1.10% | 7.37% | 2.60% | -2.11% | -8.83% |
Correlation
The correlation between NHS and XILSX is -0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | -0.01 |
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Return for Risk
NHS vs. XILSX — Risk / Return Rank
NHS
XILSX
NHS vs. XILSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman High Yield Strategies Fund (NHS) and Pioneer ILS Interval Fund (XILSX). 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 | XILSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.26 | ||
| Sortino ratioReturn per unit of downside risk | -78.40 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 41.51 | -40.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 112.69 | -112.98 |
| Martin ratioReturn relative to average drawdown | -0.54 | 769.28 | -769.82 |
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Drawdowns
NHS vs. XILSX - Drawdown Comparison
The maximum NHS drawdown since its inception was -64.67%, which is greater than XILSX's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for NHS and XILSX.
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Drawdown Indicators
| NHS | XILSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.67% | -14.53% | -50.14% |
Max Drawdown (1Y)Largest decline over 1 year | -17.01% | -0.10% | -16.91% |
Max Drawdown (3Y)Largest decline over 3 years | -17.01% | -2.36% | -14.65% |
Max Drawdown (5Y)Largest decline over 5 years | -37.43% | -6.27% | -31.16% |
Max Drawdown (10Y)Largest decline over 10 years | -42.97% | — | — |
Current DrawdownCurrent decline from peak | -16.34% | 0.00% | -16.34% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -4.83% | -4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.05% | 0.03% | +9.02% |
Volatility
NHS vs. XILSX - Volatility Comparison
Neuberger Berman High Yield Strategies Fund (NHS) has a higher volatility of 2.54% compared to Pioneer ILS Interval Fund (XILSX) at 0.52%. This indicates that NHS's price experiences larger fluctuations and is considered to be riskier than XILSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NHS | XILSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 0.52% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.64% | 1.57% | +8.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 3.02% | +9.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 3.78% | +12.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.69% | 3.90% | +12.79% |
NHS vs. XILSX - Expense Ratio Comparison
NHS has a 4.14% expense ratio, which is higher than XILSX's 1.88% expense ratio.
Dividends
NHS vs. XILSX - Dividend Comparison
NHS's dividend yield for the trailing twelve months is around 18.04%, more than XILSX's 8.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XILSX Pioneer ILS Interval Fund | 8.64% | 9.51% | 13.06% | 12.82% | 2.68% | 2.04% | 5.20% | 6.63% | 6.40% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NHS and XILSX have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NHS has higher volatility (2.54%) compared to XILSX (0.52%). In terms of maximum drawdown, NHS dropped -64.67% vs XILSX's -14.53%.
XILSX currently has the higher Sharpe Ratio (7.88 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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