NMANX vs. NCRLX
NMANX (Neuberger Berman Mid Cap Growth Fund) and NCRLX (Neuberger Berman Core Bond Fund) are both mutual funds - NMANX is a Mid Cap Growth Equities fund managed by Neuberger Berman, while NCRLX is a Intermediate Core Bond fund managed by Neuberger Berman. Over the past 10 years, NMANX returned 11.55%/yr vs 1.68%/yr for NCRLX. At a correlation of -0.07, they often move in opposite directions. NMANX charges 0.83%/yr vs 0.39%/yr for NCRLX.
Performance
NMANX vs. NCRLX - Performance Comparison
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Returns By Period
In the year-to-date period, NMANX achieves a 3.41% return, which is significantly higher than NCRLX's -0.03% return. Over the past 10 years, NMANX has outperformed NCRLX with an annualized return of 11.55%, while NCRLX has yielded a comparatively lower 1.68% annualized return.
NMANX
- 1D
- -1.49%
- 1M
- -4.95%
- 6M
- -2.26%
- YTD
- 3.41%
- 1Y
- -1.37%
- 3Y*
- 11.15%
- 5Y*
- 3.66%
- 10Y*
- 11.55%
NCRLX
- 1D
- 0.00%
- 1M
- -0.20%
- 6M
- -0.03%
- YTD
- -0.03%
- 1Y
- 4.14%
- 3Y*
- 3.98%
- 5Y*
- -0.32%
- 10Y*
- 1.68%
NMANX vs. NCRLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMANX Neuberger Berman Mid Cap Growth Fund | 3.41% | 5.51% | 24.39% | 18.21% | -28.82% | 12.42% | 39.45% | 33.62% | -6.28% | 29.01% |
NCRLX Neuberger Berman Core Bond Fund | -0.03% | 7.24% | 1.90% | 5.69% | -14.36% | -1.07% | 9.50% | 9.43% | -1.06% | 3.95% |
Correlation
The correlation between NMANX and NCRLX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 1995 | -0.07 |
The correlation between NMANX and NCRLX shifts across timeframes, from -0.07 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NMANX vs. NCRLX — Risk / Return Rank
NMANX
NCRLX
NMANX vs. NCRLX - 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 Core Bond Fund (NCRLX). 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 | NCRLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.18 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 1.42 | -1.45 |
| Martin ratioReturn relative to average drawdown | -0.08 | 3.77 | -3.85 |
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Drawdowns
NMANX vs. NCRLX - Drawdown Comparison
The maximum NMANX drawdown since its inception was -72.14%, which is greater than NCRLX's maximum drawdown of -19.21%. Use the drawdown chart below to compare losses from any high point for NMANX and NCRLX.
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Drawdown Indicators
| NMANX | NCRLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.14% | -19.21% | -52.93% |
Max Drawdown (1Y)Largest decline over 1 year | -17.71% | -2.93% | -14.78% |
Max Drawdown (3Y)Largest decline over 3 years | -25.93% | -6.39% | -19.54% |
Max Drawdown (5Y)Largest decline over 5 years | -38.10% | -19.21% | -18.89% |
Max Drawdown (10Y)Largest decline over 10 years | -38.10% | -19.21% | -18.89% |
Current DrawdownCurrent decline from peak | -7.62% | -2.35% | -5.27% |
Average DrawdownAverage peak-to-trough decline | -17.37% | -3.80% | -13.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.18% | 1.10% | +5.08% |
Volatility
NMANX vs. NCRLX - Volatility Comparison
Neuberger Berman Mid Cap Growth Fund (NMANX) has a higher volatility of 6.57% compared to Neuberger Berman Core Bond Fund (NCRLX) at 1.15%. This indicates that NMANX's price experiences larger fluctuations and is considered to be riskier than NCRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMANX | NCRLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.57% | 1.15% | +5.42% |
Volatility (6M)Calculated over the trailing 6-month period | 17.45% | 3.09% | +14.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.94% | 3.97% | +17.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.50% | 6.04% | +17.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.55% | 5.01% | +17.54% |
NMANX vs. NCRLX - Expense Ratio Comparison
NMANX has a 0.83% expense ratio, which is higher than NCRLX's 0.39% expense ratio.
Dividends
NMANX vs. NCRLX - Dividend Comparison
NMANX's dividend yield for the trailing twelve months is around 22.33%, more than NCRLX's 4.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NCRLX Neuberger Berman Core Bond Fund | 4.72% | 4.68% | 4.76% | 3.90% | 2.63% | 2.47% | 4.76% | 3.37% | 3.00% | 2.80% | 3.37% | 3.15% |
NMANX Neuberger Berman Mid Cap Growth Fund | 22.33% | 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 NCRLX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMANX has higher volatility (6.57%) compared to NCRLX (1.15%). In terms of maximum drawdown, NMANX dropped -72.14% vs NCRLX's -19.21%.
NCRLX currently has the higher Sharpe Ratio (1.05 vs -0.02), 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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