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 11.47%/yr vs 10.91%/yr for NBSSX. Their correlation of 0.86 means they have usually moved in the same direction. 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 4.43% return, which is significantly lower than NBSSX's 6.85% return. Both investments have delivered pretty close results over the past 10 years, with NMANX having a 11.47% annualized return and NBSSX not far behind at 10.91%.
NMANX
- 1D
- 1.86%
- 1M
- -2.30%
- 6M
- 2.27%
- YTD
- 4.43%
- 1Y
- -2.37%
- 3Y*
- 13.09%
- 5Y*
- 2.78%
- 10Y*
- 11.47%
- ALL TIME*
- 10.35%
NBSSX
- 1D
- 0.84%
- 1M
- -0.55%
- 6M
- 7.62%
- YTD
- 6.85%
- 1Y
- 12.34%
- 3Y*
- 19.10%
- 5Y*
- 6.21%
- 10Y*
- 10.91%
- ALL TIME*
- 8.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NMANX vs. NBSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMANX Neuberger Berman Mid Cap Growth Fund | 4.43% | 5.51% | 24.39% | 18.21% | -28.82% | 12.42% | 39.45% | 33.62% | -6.28% | 29.01% |
NBSSX Neuberger Berman Focus Fund | 6.85% | 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 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 0.81 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 | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.17 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.00 | 1.13 | -1.13 |
| Martin ratioReturn relative to average drawdown | -0.01 | 4.12 | -4.13 |
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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 | -6.70% | -2.98% | -3.72% |
Average DrawdownAverage peak-to-trough decline | -17.36% | -12.99% | -4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.44% | 3.44% | +3.00% |
Volatility
NMANX vs. NBSSX - Volatility Comparison
The current volatility for Neuberger Berman Mid Cap Growth Fund (NMANX) is 5.35%, while Neuberger Berman Focus Fund (NBSSX) has a volatility of 5.84%. This indicates that NMANX experiences smaller price fluctuations and is considered to be less risky 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 | 5.35% | 5.84% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 17.44% | 13.36% | +4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.15% | 15.55% | +6.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.51% | 19.17% | +4.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.59% | 19.25% | +3.34% |
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 22.11%, more than NBSSX's 9.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NBSSX Neuberger Berman Focus Fund | 9.16% | 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 | 22.11% | 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 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBSSX has higher volatility (5.84%) compared to NMANX (5.35%). In terms of maximum drawdown, NMANX dropped -72.14% vs NBSSX's -61.56%.
NBSSX currently has the higher Sharpe Ratio (0.91 vs -0.00), 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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