NMANX vs. PRWAX
NMANX (Neuberger Berman Mid Cap Growth Fund) and PRWAX (T. Rowe Price All-Cap Opportunities Fund) are both mutual funds - NMANX is a Mid Cap Growth Equities fund managed by Neuberger Berman, while PRWAX is a Large Cap Growth Equities fund actively managed by T. Rowe Price. Over the past 10 years, NMANX returned 11.47%/yr vs 17.02%/yr for PRWAX. Their correlation of 0.89 means they have usually moved in the same direction. NMANX charges 0.83%/yr vs 0.76%/yr for PRWAX.
Performance
NMANX vs. PRWAX - Performance Comparison
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Returns By Period
In the year-to-date period, NMANX achieves a 4.43% return, which is significantly higher than PRWAX's 1.42% return. Over the past 10 years, NMANX has underperformed PRWAX with an annualized return of 11.47%, while PRWAX has yielded a comparatively higher 17.02% annualized return.
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%
PRWAX
- 1D
- 1.65%
- 1M
- 1.14%
- 6M
- 3.07%
- YTD
- 1.42%
- 1Y
- 8.45%
- 3Y*
- 16.55%
- 5Y*
- 9.05%
- 10Y*
- 17.02%
- ALL TIME*
- 11.67%
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. PRWAX - 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% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 1.42% | 16.37% | 25.24% | 29.02% | -21.37% | 20.63% | 44.73% | 35.08% | 1.26% | 34.51% |
Correlation
The correlation between NMANX and PRWAX 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. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1986 | 0.89 |
The correlation between NMANX and PRWAX has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
NMANX vs. PRWAX — Risk / Return Rank
NMANX
PRWAX
NMANX vs. PRWAX - Risk-Adjusted Trends 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.
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 | PRWAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.13 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.00 | 0.74 | -0.74 |
| Martin ratioReturn relative to average drawdown | -0.01 | 2.51 | -2.52 |
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Drawdowns
NMANX vs. PRWAX - Drawdown Comparison
The maximum NMANX drawdown since its inception was -72.14%, which is greater than PRWAX's maximum drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for NMANX and PRWAX.
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Drawdown Indicators
| NMANX | PRWAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.14% | -55.06% | -17.08% |
Max Drawdown (1Y)Largest decline over 1 year | -17.71% | -14.09% | -3.62% |
Max Drawdown (3Y)Largest decline over 3 years | -25.93% | -19.06% | -6.87% |
Max Drawdown (5Y)Largest decline over 5 years | -38.10% | -29.38% | -8.72% |
Max Drawdown (10Y)Largest decline over 10 years | -38.10% | -30.50% | -7.60% |
Current DrawdownCurrent decline from peak | -6.70% | -0.57% | -6.13% |
Average DrawdownAverage peak-to-trough decline | -17.36% | -9.86% | -7.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.44% | 4.13% | +2.31% |
Volatility
NMANX vs. PRWAX - Volatility Comparison
Neuberger Berman Mid Cap Growth Fund (NMANX) has a higher volatility of 5.35% compared to T. Rowe Price All-Cap Opportunities Fund (PRWAX) at 4.56%. 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.
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Volatility by Period
| NMANX | PRWAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 4.56% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 17.44% | 12.02% | +5.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.15% | 14.66% | +7.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.51% | 17.80% | +5.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.59% | 18.76% | +3.83% |
NMANX vs. PRWAX - Expense Ratio Comparison
NMANX has a 0.83% expense ratio, which is higher than PRWAX's 0.76% expense ratio.
Dividends
NMANX vs. PRWAX - Dividend Comparison
NMANX's dividend yield for the trailing twelve months is around 22.11%, more than PRWAX's 8.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 8.23% | 8.35% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% |
Frequently Asked Questions
NMANX and PRWAX 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.
NMANX has higher volatility (5.35%) compared to PRWAX (4.56%). In terms of maximum drawdown, NMANX dropped -72.14% vs PRWAX's -55.06%.
PRWAX currently has the higher Sharpe Ratio (0.71 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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