NLSIX vs. NFIAX
NLSIX (Neuberger Berman Long Short Fund) and NFIAX (Neuberger Berman Floating Rate Income Fund) are both mutual funds - NLSIX is a Long-Short fund managed by Neuberger Berman, while NFIAX is a Bank Loan fund managed by Neuberger Berman. Over the past 10 years, NLSIX returned 6.90%/yr vs 4.53%/yr for NFIAX. At a 0.23 correlation, their price movements are largely independent. NLSIX charges 1.28%/yr vs 0.97%/yr for NFIAX.
Performance
NLSIX vs. NFIAX - Performance Comparison
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Returns By Period
In the year-to-date period, NLSIX achieves a 1.89% return, which is significantly higher than NFIAX's 1.26% return. Over the past 10 years, NLSIX has outperformed NFIAX with an annualized return of 6.90%, while NFIAX has yielded a comparatively lower 4.53% annualized return.
NLSIX
- 1D
- 0.64%
- 1M
- -0.82%
- YTD
- 1.89%
- 6M
- 2.61%
- 1Y
- 6.72%
- 3Y*
- 7.42%
- 5Y*
- 5.49%
- 10Y*
- 6.90%
NFIAX
- 1D
- 0.00%
- 1M
- 0.40%
- YTD
- 1.26%
- 6M
- 1.81%
- 1Y
- 5.17%
- 3Y*
- 7.53%
- 5Y*
- 5.00%
- 10Y*
- 4.53%
NLSIX vs. NFIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NLSIX Neuberger Berman Long Short Fund | 1.89% | 7.20% | 7.47% | 13.10% | -6.85% | 9.01% | 15.27% | 17.11% | -6.92% | 13.39% |
NFIAX Neuberger Berman Floating Rate Income Fund | 1.26% | 5.83% | 8.89% | 10.92% | -3.26% | 4.27% | 3.63% | 8.31% | -1.13% | 3.19% |
Correlation
The correlation between NLSIX and NFIAX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2011 | 0.23 |
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Return for Risk
NLSIX vs. NFIAX — Risk / Return Rank
NLSIX
NFIAX
NLSIX vs. NFIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Long Short Fund (NLSIX) and Neuberger Berman Floating Rate Income Fund (NFIAX). 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 | NFIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -4.27 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.98 | -0.74 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 4.97 | -3.44 |
| Martin ratioReturn relative to average drawdown | 5.77 | 16.86 | -11.09 |
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Drawdowns
NLSIX vs. NFIAX - Drawdown Comparison
The maximum NLSIX drawdown since its inception was -14.75%, smaller than the maximum NFIAX drawdown of -22.18%. Use the drawdown chart below to compare losses from any high point for NLSIX and NFIAX.
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Drawdown Indicators
| NLSIX | NFIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.75% | -22.18% | +7.43% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -1.07% | -3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -6.90% | -2.19% | -4.71% |
Max Drawdown (5Y)Largest decline over 5 years | -10.79% | -6.84% | -3.95% |
Max Drawdown (10Y)Largest decline over 10 years | -14.75% | -22.18% | +7.43% |
Current DrawdownCurrent decline from peak | -1.02% | -0.22% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -0.83% | -1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.31% | +0.85% |
Volatility
NLSIX vs. NFIAX - Volatility Comparison
Neuberger Berman Long Short Fund (NLSIX) has a higher volatility of 2.14% compared to Neuberger Berman Floating Rate Income Fund (NFIAX) at 0.57%. This indicates that NLSIX's price experiences larger fluctuations and is considered to be riskier than NFIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NLSIX | NFIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 0.57% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 4.32% | 1.58% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.22% | 2.19% | +3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.70% | 2.69% | +4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.34% | 4.01% | +3.33% |
NLSIX vs. NFIAX - Expense Ratio Comparison
NLSIX has a 1.28% expense ratio, which is higher than NFIAX's 0.97% expense ratio.
Dividends
NLSIX vs. NFIAX - Dividend Comparison
NLSIX's dividend yield for the trailing twelve months is around 0.05%, less than NFIAX's 6.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFIAX Neuberger Berman Floating Rate Income Fund | 6.60% | 6.84% | 8.05% | 6.89% | 3.97% | 3.36% | 3.68% | 4.71% | 4.32% | 3.44% | 3.46% | 4.05% |
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 NFIAX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NLSIX has higher volatility (2.14%) compared to NFIAX (0.57%). In terms of maximum drawdown, NLSIX dropped -14.75% vs NFIAX's -22.18%.
NFIAX currently has the higher Sharpe Ratio (2.43 vs 1.29), 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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