NILTX vs. NSTLX

Last updated Jun 23, 2026

NILTX (Neuberger Berman International Select Fund) and NSTLX (Neuberger Berman Strategic Income Fund) are both mutual funds - NILTX is a Foreign Large Cap Equities fund managed by Neuberger Berman, while NSTLX is a Multisector Bonds fund managed by Neuberger Berman. Over the past 10 years, NILTX returned 6.88%/yr vs 4.05%/yr for NSTLX. At a 0.30 correlation, their price movements are largely independent. NILTX charges 1.19%/yr vs 0.59%/yr for NSTLX.

Performance

NILTX vs. NSTLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman International Select Fund (NILTX) and Neuberger Berman Strategic Income Fund (NSTLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NILTX achieves a 7.88% return, which is significantly higher than NSTLX's 0.56% return. Over the past 10 years, NILTX has outperformed NSTLX with an annualized return of 6.88%, while NSTLX has yielded a comparatively lower 4.05% annualized return.

NILTX

• 1D: 0.61%
• 1M: 2.18%
• YTD: 7.88%
• 6M: 8.24%
• 1Y: 8.38%
• 3Y*: 10.34%
• 5Y*: 3.24%
• 10Y*: 6.88%

NSTLX

• 1D: 0.10%
• 1M: 0.86%
• YTD: 0.56%
• 6M: 1.22%
• 1Y: 6.08%
• 3Y*: 7.22%
• 5Y*: 2.75%
• 10Y*: 4.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NILTX vs. NSTLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NILTX Neuberger Berman International Select Fund	7.88%	16.45%	4.16%	14.28%	-25.27%	14.02%	15.00%	26.12%	-15.14%	27.25%
NSTLX Neuberger Berman Strategic Income Fund	0.56%	9.44%	6.02%	10.07%	-11.81%	2.94%	7.78%	10.55%	-2.34%	7.00%

Correlation

The correlation between NILTX and NSTLX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Aug 2, 2006	0.30

Over the past year, NILTX and NSTLX have become more correlated (0.50) than their long-term average of 0.30, meaning their price movements have been converging.

Return for Risk

NILTX vs. NSTLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NILTX

NILTX Risk / Return Rank: 6
NILTX Sharpe Ratio Rank: 6
NILTX Sortino Ratio Rank: 6
NILTX Omega Ratio Rank: 6
NILTX Calmar Ratio Rank: 7
NILTX Martin Ratio Rank: 7

NSTLX

NSTLX Risk / Return Rank: 38
NSTLX Sharpe Ratio Rank: 40
NSTLX Sortino Ratio Rank: 45
NSTLX Omega Ratio Rank: 43
NSTLX Calmar Ratio Rank: 29
NSTLX Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NILTX vs. NSTLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman International Select Fund (NILTX) and Neuberger Berman Strategic Income Fund (NSTLX). 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.

	NILTX	NSTLX	Difference
Sharpe ratio: Return per unit of total volatility	0.45	1.70	-1.26
Sortino ratio: Return per unit of downside risk	0.71	2.61	-1.90
Omega ratio: Gain probability vs. loss probability	1.10	1.33	-0.23
Calmar ratio: Return relative to maximum drawdown	0.56	1.89	-1.33
Martin ratio: Return relative to average drawdown	1.76	6.65	-4.89

NILTX vs. NSTLX - Sharpe Ratio Comparison

The current NILTX Sharpe Ratio is 0.45, which is lower than the NSTLX Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of NILTX and NSTLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NILTX vs. NSTLX - Drawdown Comparison

The maximum NILTX drawdown since its inception was -58.23%, which is greater than NSTLX's maximum drawdown of -19.00%. Use the drawdown chart below to compare losses from any high point for NILTX and NSTLX.

Drawdown Indicators

	NILTX	NSTLX	Difference
Max Drawdown Largest peak-to-trough decline	-58.23%	-19.00%	-39.23%
Max Drawdown (1Y) Largest decline over 1 year	-13.64%	-3.30%	-10.34%
Max Drawdown (3Y) Largest decline over 3 years	-15.35%	-4.85%	-10.50%
Max Drawdown (5Y) Largest decline over 5 years	-34.90%	-16.65%	-18.25%
Max Drawdown (10Y) Largest decline over 10 years	-34.90%	-19.00%	-15.90%
Current Drawdown Current decline from peak	-0.24%	-1.06%	+0.82%
Average Drawdown Average peak-to-trough decline	-13.64%	-2.70%	-10.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.36%	0.93%	+3.43%

Volatility

NILTX vs. NSTLX - Volatility Comparison

Neuberger Berman International Select Fund (NILTX) has a higher volatility of 5.83% compared to Neuberger Berman Strategic Income Fund (NSTLX) at 1.26%. This indicates that NILTX's price experiences larger fluctuations and is considered to be riskier than NSTLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NILTX	NSTLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.83%	1.26%	+4.57%
Volatility (6M) Calculated over the trailing 6-month period	14.90%	2.97%	+11.93%
Volatility (1Y) Calculated over the trailing 1-year period	17.28%	3.66%	+13.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.99%	5.08%	+11.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.10%	4.99%	+12.11%

NILTX vs. NSTLX - Expense Ratio Comparison

NILTX has a 1.19% expense ratio, which is higher than NSTLX's 0.59% expense ratio.

Dividends

NILTX vs. NSTLX - Dividend Comparison

NILTX has not paid dividends to shareholders, while NSTLX's dividend yield for the trailing twelve months is around 5.55%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NILTX Neuberger Berman International Select Fund	0.00%	0.00%	2.96%	2.53%	0.88%	10.94%	1.11%	2.80%	1.68%	0.78%	1.15%	0.89%
NSTLX Neuberger Berman Strategic Income Fund	5.55%	5.46%	5.31%	5.38%	3.92%	6.29%	3.81%	4.02%	4.33%	3.64%	3.54%	4.09%

Frequently Asked Questions

Can I hold both NILTX and NSTLX in my portfolio?

NILTX and NSTLX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NILTX or NSTLX?

NILTX has higher volatility (5.83%) compared to NSTLX (1.26%). In terms of maximum drawdown, NILTX dropped -58.23% vs NSTLX's -19.00%.

Which has better risk-adjusted returns?

NSTLX currently has the higher Sharpe Ratio (1.70 vs 0.45), 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.