NMANX vs. PRWAX
Compare and contrast key facts about Neuberger Berman Mid Cap Growth Fund (NMANX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX).
NMANX is managed by Neuberger Berman. It was launched on Mar 1, 1979. PRWAX is managed by T. Rowe Price. It was launched on Sep 30, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NMANX or PRWAX.
Key characteristics
| NMANX | PRWAX | |
|---|---|---|
| YTD Return | 14.10% | 20.52% |
| 1Y Return | 24.63% | 29.42% |
| 3Y Return (Ann) | -1.66% | 7.94% |
| 5Y Return (Ann) | 9.82% | 18.59% |
| 10Y Return (Ann) | 10.18% | 16.07% |
| Sharpe Ratio | 1.27 | 2.20 |
| Daily Std Dev | 18.86% | 13.19% |
| Max Drawdown | -60.10% | -57.72% |
| Current Drawdown | -10.59% | -1.37% |
Correlation
The correlation between NMANX and PRWAX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NMANX vs. PRWAX - Performance Comparison
In the year-to-date period, NMANX achieves a 14.10% return, which is significantly lower than PRWAX's 20.52% return. Over the past 10 years, NMANX has underperformed PRWAX with an annualized return of 10.18%, while PRWAX has yielded a comparatively higher 16.07% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NMANX vs. PRWAX - Expense Ratio Comparison
NMANX has a 0.83% expense ratio, which is higher than PRWAX's 0.76% expense ratio.
Risk-Adjusted Performance
NMANX vs. PRWAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Mid Cap Growth Fund (NMANX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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.
Dividends
NMANX vs. PRWAX - Dividend Comparison
NMANX's dividend yield for the trailing twelve months is around 2.80%, less than PRWAX's 4.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMANX Neuberger Berman Mid Cap Growth Fund | 2.80% | 3.19% | 4.87% | 16.30% | 9.58% | 5.43% | 11.70% | 8.94% | 5.00% | 9.00% | 13.08% | 6.86% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 4.23% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% | 14.73% | 11.52% |
Drawdowns
NMANX vs. PRWAX - Drawdown Comparison
The maximum NMANX drawdown since its inception was -60.10%, roughly equal to the maximum PRWAX drawdown of -57.72%. Use the drawdown chart below to compare losses from any high point for NMANX and PRWAX. For additional features, visit the drawdowns tool.
Volatility
NMANX vs. PRWAX - Volatility Comparison
Neuberger Berman Mid Cap Growth Fund (NMANX) has a higher volatility of 6.04% compared to T. Rowe Price All-Cap Opportunities Fund (PRWAX) at 3.80%. This indicates that NMANX's price experiences larger fluctuations and is considered to be riskier than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.