NLSIX vs. BIVIX
Compare and contrast key facts about Neuberger Berman Long Short Fund (NLSIX) and Invenomic Fund Institutional Class (BIVIX).
NLSIX is managed by Neuberger Berman. It was launched on Dec 28, 2011. BIVIX is an actively managed fund by Invenomic. It was launched on Jun 19, 2017.
Performance
NLSIX vs. BIVIX - Performance Comparison
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NLSIX vs. BIVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NLSIX Neuberger Berman Long Short Fund | -3.63% | 7.20% | 7.47% | 13.10% | -6.85% | 9.01% | 15.27% | 17.11% | -6.92% | 5.09% |
BIVIX Invenomic Fund Institutional Class | 6.05% | 4.63% | -8.81% | 16.80% | 50.01% | 63.81% | 11.46% | 11.59% | 3.68% | 8.93% |
Returns By Period
In the year-to-date period, NLSIX achieves a -3.63% return, which is significantly lower than BIVIX's 6.05% return.
NLSIX
- 1D
- 0.00%
- 1M
- -2.86%
- YTD
- -3.63%
- 6M
- -3.20%
- 1Y
- 3.47%
- 3Y*
- 6.40%
- 5Y*
- 4.72%
- 10Y*
- 6.37%
BIVIX
- 1D
- 3.47%
- 1M
- 2.62%
- YTD
- 6.05%
- 6M
- 11.34%
- 1Y
- 7.17%
- 3Y*
- 1.96%
- 5Y*
- 17.01%
- 10Y*
- —
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NLSIX vs. BIVIX - Expense Ratio Comparison
NLSIX has a 1.28% expense ratio, which is lower than BIVIX's 3.17% expense ratio.
Return for Risk
NLSIX vs. BIVIX — Risk / Return Rank
NLSIX
BIVIX
NLSIX vs. BIVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Long Short Fund (NLSIX) and Invenomic Fund Institutional Class (BIVIX). 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.
| NLSIX | BIVIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 0.33 | +0.24 |
Sortino ratioReturn per unit of downside risk | 0.87 | 0.67 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.07 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.44 | +0.19 |
Martin ratioReturn relative to average drawdown | 2.31 | 0.99 | +1.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NLSIX | BIVIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.33 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 1.07 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 1.05 | -0.15 |
Correlation
The correlation between NLSIX and BIVIX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
NLSIX vs. BIVIX - Dividend Comparison
NLSIX's dividend yield for the trailing twelve months is around 0.05%, less than BIVIX's 2.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
BIVIX Invenomic Fund Institutional Class | 2.07% | 2.20% | 3.95% | 20.15% | 27.91% | 16.08% | 3.15% | 3.19% | 4.79% | 1.21% | 0.00% | 0.00% |
Drawdowns
NLSIX vs. BIVIX - Drawdown Comparison
The maximum NLSIX drawdown since its inception was -14.75%, smaller than the maximum BIVIX drawdown of -18.32%. Use the drawdown chart below to compare losses from any high point for NLSIX and BIVIX.
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Drawdown Indicators
| NLSIX | BIVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.75% | -18.32% | +3.57% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -13.71% | +9.32% |
Max Drawdown (5Y)Largest decline over 5 years | -10.79% | -17.23% | +6.44% |
Max Drawdown (10Y)Largest decline over 10 years | -14.75% | — | — |
Current DrawdownCurrent decline from peak | -4.39% | -0.64% | -3.75% |
Average DrawdownAverage peak-to-trough decline | -2.03% | -5.75% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 6.10% | -4.91% |
Volatility
NLSIX vs. BIVIX - Volatility Comparison
The current volatility for Neuberger Berman Long Short Fund (NLSIX) is 1.89%, while Invenomic Fund Institutional Class (BIVIX) has a volatility of 7.63%. This indicates that NLSIX experiences smaller price fluctuations and is considered to be less risky than BIVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NLSIX | BIVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 7.63% | -5.74% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 16.63% | -13.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.34% | 20.71% | -14.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.63% | 16.09% | -9.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.29% | 16.60% | -9.31% |