NMANX vs. NBSSX
NMANX (Neuberger Berman Mid Cap Growth Fund) and NBSSX (Neuberger Berman Focus Fund) are both mutual funds - NMANX is a Mid Cap Growth Equities fund managed by Neuberger Berman, while NBSSX is a Global Equities fund managed by Neuberger Berman. Over the past 10 years, NMANX returned 12.81%/yr vs 11.85%/yr for NBSSX. Their correlation of 0.86 suggests significant overlap in exposure. NMANX charges 0.83%/yr vs 0.89%/yr for NBSSX.
Performance
NMANX vs. NBSSX - Performance Comparison
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Returns By Period
In the year-to-date period, NMANX achieves a 9.00% return, which is significantly higher than NBSSX's 7.60% return. Over the past 10 years, NMANX has outperformed NBSSX with an annualized return of 12.81%, while NBSSX has yielded a comparatively lower 11.85% annualized return.
NMANX
- 1D
- 0.63%
- 1M
- 0.00%
- YTD
- 9.00%
- 6M
- 5.83%
- 1Y
- 6.68%
- 3Y*
- 15.83%
- 5Y*
- 4.22%
- 10Y*
- 12.81%
NBSSX
- 1D
- 0.11%
- 1M
- 2.01%
- YTD
- 7.60%
- 6M
- 6.87%
- 1Y
- 17.65%
- 3Y*
- 19.72%
- 5Y*
- 7.15%
- 10Y*
- 11.85%
NMANX vs. NBSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMANX Neuberger Berman Mid Cap Growth Fund | 9.00% | 5.51% | 24.39% | 18.21% | -28.82% | 12.42% | 39.45% | 33.62% | -6.28% | 29.01% |
NBSSX Neuberger Berman Focus Fund | 7.60% | 21.36% | 21.64% | 23.73% | -31.74% | 19.85% | 24.45% | 28.50% | -9.02% | 19.39% |
Correlation
The correlation between NMANX and NBSSX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1980 | 0.86 |
The correlation between NMANX and NBSSX has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.
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Return for Risk
NMANX vs. NBSSX — Risk / Return Rank
NMANX
NBSSX
NMANX vs. NBSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Mid Cap Growth Fund (NMANX) and Neuberger Berman Focus Fund (NBSSX). 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.
| NMANX | NBSSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.23 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 1.39 | -1.06 |
| Martin ratioReturn relative to average drawdown | 0.98 | 5.43 | -4.45 |
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Drawdowns
NMANX vs. NBSSX - Drawdown Comparison
The maximum NMANX drawdown since its inception was -72.14%, which is greater than NBSSX's maximum drawdown of -61.56%. Use the drawdown chart below to compare losses from any high point for NMANX and NBSSX.
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Drawdown Indicators
| NMANX | NBSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.14% | -61.56% | -10.58% |
Max Drawdown (1Y)Largest decline over 1 year | -17.71% | -12.61% | -5.10% |
Max Drawdown (3Y)Largest decline over 3 years | -25.93% | -20.39% | -5.54% |
Max Drawdown (5Y)Largest decline over 5 years | -38.10% | -40.77% | +2.67% |
Max Drawdown (10Y)Largest decline over 10 years | -38.10% | -40.77% | +2.67% |
Current DrawdownCurrent decline from peak | -2.26% | -2.30% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -17.39% | -13.01% | -4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.08% | 3.22% | +2.86% |
Volatility
NMANX vs. NBSSX - Volatility Comparison
Neuberger Berman Mid Cap Growth Fund (NMANX) has a higher volatility of 7.97% compared to Neuberger Berman Focus Fund (NBSSX) at 6.49%. This indicates that NMANX's price experiences larger fluctuations and is considered to be riskier than NBSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMANX | NBSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.97% | 6.49% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 17.18% | 12.19% | +4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.49% | 14.71% | +6.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.40% | 19.05% | +4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.53% | 19.21% | +3.32% |
NMANX vs. NBSSX - Expense Ratio Comparison
NMANX has a 0.83% expense ratio, which is lower than NBSSX's 0.89% expense ratio.
Dividends
NMANX vs. NBSSX - Dividend Comparison
NMANX's dividend yield for the trailing twelve months is around 21.19%, more than NBSSX's 9.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NBSSX Neuberger Berman Focus Fund | 9.09% | 9.78% | 0.19% | 0.59% | 0.05% | 19.35% | 5.37% | 12.78% | 9.08% | 8.32% | 9.59% | 5.18% |
NMANX Neuberger Berman Mid Cap Growth Fund | 21.19% | 23.10% | 9.85% | 3.19% | 4.87% | 16.30% | 9.58% | 5.43% | 11.70% | 8.94% | 5.00% | 9.00% |
Frequently Asked Questions
NMANX and NBSSX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMANX has higher volatility (7.97%) compared to NBSSX (6.49%). In terms of maximum drawdown, NMANX dropped -72.14% vs NBSSX's -61.56%.
NBSSX currently has the higher Sharpe Ratio (1.21 vs 0.28), 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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