NML vs. NGUAX
Compare and contrast key facts about Neuberger Berman MLP (NML) and Neuberger Berman Guardian Fund (NGUAX).
NML is an actively managed fund by Neuberger Berman. It was launched on Mar 26, 2013. NGUAX is managed by Neuberger Berman. It was launched on Jun 1, 1950.
Performance
NML vs. NGUAX - Performance Comparison
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NML vs. NGUAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NML Neuberger Berman MLP | 25.95% | 4.36% | 40.55% | 14.61% | 32.75% | 61.76% | -45.84% | 10.60% | -23.02% | 7.07% |
NGUAX Neuberger Berman Guardian Fund | -11.52% | 14.38% | 23.80% | 35.98% | -24.47% | 27.43% | 34.56% | 36.69% | -7.16% | 25.28% |
Returns By Period
In the year-to-date period, NML achieves a 25.95% return, which is significantly higher than NGUAX's -11.52% return. Over the past 10 years, NML has underperformed NGUAX with an annualized return of 12.90%, while NGUAX has yielded a comparatively higher 14.11% annualized return.
NML
- 1D
- -0.19%
- 1M
- 3.44%
- YTD
- 25.95%
- 6M
- 25.36%
- 1Y
- 26.49%
- 3Y*
- 27.91%
- 5Y*
- 28.84%
- 10Y*
- 12.90%
NGUAX
- 1D
- -0.30%
- 1M
- -7.63%
- YTD
- -11.52%
- 6M
- -11.20%
- 1Y
- 10.27%
- 3Y*
- 14.62%
- 5Y*
- 9.51%
- 10Y*
- 14.11%
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NML vs. NGUAX - Expense Ratio Comparison
NML has a 2.72% expense ratio, which is higher than NGUAX's 0.82% expense ratio.
Return for Risk
NML vs. NGUAX — Risk / Return Rank
NML
NGUAX
NML vs. NGUAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman MLP (NML) and Neuberger Berman Guardian Fund (NGUAX). 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.
| NML | NGUAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 0.53 | +0.69 |
Sortino ratioReturn per unit of downside risk | 1.60 | 0.92 | +0.68 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.13 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 0.50 | +1.16 |
Martin ratioReturn relative to average drawdown | 5.64 | 1.74 | +3.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NML | NGUAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.53 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 0.53 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.78 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.04 | +0.03 |
Correlation
The correlation between NML and NGUAX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
NML vs. NGUAX - Dividend Comparison
NML's dividend yield for the trailing twelve months is around 6.67%, less than NGUAX's 14.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NML Neuberger Berman MLP | 6.67% | 8.24% | 7.94% | 10.19% | 4.26% | 3.54% | 8.33% | 9.76% | 9.87% | 7.04% | 8.63% | 15.44% |
NGUAX Neuberger Berman Guardian Fund | 14.04% | 12.43% | 6.01% | 4.30% | 6.62% | 10.92% | 7.60% | 6.21% | 11.21% | 6.87% | 13.11% | 12.82% |
Drawdowns
NML vs. NGUAX - Drawdown Comparison
The maximum NML drawdown since its inception was -90.48%, which is greater than NGUAX's maximum drawdown of -78.07%. Use the drawdown chart below to compare losses from any high point for NML and NGUAX.
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Drawdown Indicators
| NML | NGUAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.48% | -78.07% | -12.41% |
Max Drawdown (1Y)Largest decline over 1 year | -15.72% | -14.16% | -1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -21.40% | -28.43% | +7.03% |
Max Drawdown (10Y)Largest decline over 10 years | -84.84% | -31.99% | -52.85% |
Current DrawdownCurrent decline from peak | -0.66% | -14.16% | +13.50% |
Average DrawdownAverage peak-to-trough decline | -37.54% | -31.98% | -5.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 4.09% | +0.53% |
Volatility
NML vs. NGUAX - Volatility Comparison
The current volatility for Neuberger Berman MLP (NML) is 4.14%, while Neuberger Berman Guardian Fund (NGUAX) has a volatility of 4.85%. This indicates that NML experiences smaller price fluctuations and is considered to be less risky than NGUAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NML | NGUAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 4.85% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 10.00% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 19.57% | +2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.88% | 18.16% | +5.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.35% | 18.20% | +17.15% |