NLSIX vs. BGX
NLSIX (Neuberger Berman Long Short Fund) and BGX (Blackstone Long-Short Credit Income Fund) are both Long-Short funds. Over the past 10 years, NLSIX returned 6.63%/yr vs 6.00%/yr for BGX. Their 0.30 correlation means their historical movements had little consistent relationship. NLSIX charges 1.28%/yr vs 1.46%/yr for BGX.
Performance
NLSIX vs. BGX - Performance Comparison
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Returns By Period
In the year-to-date period, NLSIX achieves a 0.35% return, which is significantly higher than BGX's -4.03% return. Over the past 10 years, NLSIX has outperformed BGX with an annualized return of 6.63%, while BGX has yielded a comparatively lower 6.00% annualized return.
NLSIX
- 1D
- 0.75%
- 1M
- -1.22%
- 6M
- 0.55%
- YTD
- 0.35%
- 1Y
- 2.44%
- 3Y*
- 6.41%
- 5Y*
- 4.45%
- 10Y*
- 6.63%
- ALL TIME*
- 6.46%
BGX
- 1D
- 0.00%
- 1M
- -0.53%
- 6M
- -2.87%
- YTD
- -4.03%
- 1Y
- -6.78%
- 3Y*
- 7.31%
- 5Y*
- 3.12%
- 10Y*
- 6.00%
- ALL TIME*
- 4.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $671.76K | $683.72K | $622.96K | |
| $0.00 | $0.00 | $0.00 |
NLSIX vs. BGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NLSIX Neuberger Berman Long Short Fund | 0.35% | 7.20% | 7.47% | 13.10% | -6.85% | 9.01% | 15.27% | 17.11% | -6.92% | 13.39% |
BGX Blackstone Long-Short Credit Income Fund | -4.03% | 2.09% | 19.83% | 18.92% | -20.57% | 17.54% | -5.67% | 24.98% | -4.19% | 7.28% |
Correlation
The correlation between NLSIX and BGX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.34 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2011 | 0.30 |
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Return for Risk
NLSIX vs. BGX — Risk / Return Rank
NLSIX
BGX
NLSIX vs. BGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Long Short Fund (NLSIX) and Blackstone Long-Short Credit Income Fund (BGX). 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.
| NLSIX | BGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.85 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | -0.57 | +1.12 |
| Martin ratioReturn relative to average drawdown | 1.83 | -1.07 | +2.90 |
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Drawdowns
NLSIX vs. BGX - Drawdown Comparison
The maximum NLSIX drawdown since its inception was -14.75%, smaller than the maximum BGX drawdown of -47.40%. Use the drawdown chart below to compare losses from any high point for NLSIX and BGX.
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Drawdown Indicators
| NLSIX | BGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.75% | -47.40% | +32.65% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -12.43% | +8.04% |
Max Drawdown (3Y)Largest decline over 3 years | -6.90% | -14.08% | +7.18% |
Max Drawdown (5Y)Largest decline over 5 years | -10.79% | -25.94% | +15.15% |
Max Drawdown (10Y)Largest decline over 10 years | -14.75% | -47.40% | +32.65% |
Current DrawdownCurrent decline from peak | -2.51% | -7.71% | +5.20% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -7.00% | +4.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 6.64% | -5.33% |
Volatility
NLSIX vs. BGX - Volatility Comparison
Neuberger Berman Long Short Fund (NLSIX) has a higher volatility of 1.87% compared to Blackstone Long-Short Credit Income Fund (BGX) at 1.71%. This indicates that NLSIX's price experiences larger fluctuations and is considered to be riskier than BGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NLSIX | BGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 1.71% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 4.66% | 5.79% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.55% | 7.81% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.69% | 11.64% | -4.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.35% | 17.50% | -10.15% |
NLSIX vs. BGX - Expense Ratio Comparison
NLSIX has a 1.28% expense ratio, which is lower than BGX's 1.46% expense ratio.
Dividends
NLSIX vs. BGX - Dividend Comparison
NLSIX's dividend yield for the trailing twelve months is around 0.05%, less than BGX's 9.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGX Blackstone Long-Short Credit Income Fund | 9.11% | 8.87% | 9.89% | 11.71% | 8.15% | 7.01% | 8.76% | 9.35% | 11.74% | 7.12% | 9.01% | 8.72% |
NLSIX Neuberger Berman Long Short Fund | 0.05% | 0.05% | 0.02% | 0.97% | 7.01% | 1.13% | 2.15% | 2.39% | 5.91% | 0.00% | 0.00% | 0.01% |
Frequently Asked Questions
NLSIX and BGX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NLSIX has higher volatility (1.87%) compared to BGX (1.71%). In terms of maximum drawdown, NLSIX dropped -14.75% vs BGX's -47.40%.
NLSIX currently has the higher Sharpe Ratio (0.43 vs -0.91), 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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