NPRTX vs. HLIEX

Last updated Jun 3, 2026

NPRTX (Neuberger Berman Large Cap Value Fund) and HLIEX (JPMorgan Equity Income Fund) are both Large Cap Value Equities funds. Over the past 10 years, NPRTX returned 13.71%/yr vs 11.96%/yr for HLIEX. Their correlation of 0.85 suggests significant overlap in exposure. NPRTX charges 0.79%/yr vs 0.70%/yr for HLIEX.

Performance

NPRTX vs. HLIEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Large Cap Value Fund (NPRTX) and JPMorgan Equity Income Fund (HLIEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NPRTX achieves a 17.25% return, which is significantly higher than HLIEX's 9.17% return. Over the past 10 years, NPRTX has outperformed HLIEX with an annualized return of 13.71%, while HLIEX has yielded a comparatively lower 11.96% annualized return.

NPRTX

• 1D: 0.08%
• 1M: 3.79%
• YTD: 17.25%
• 6M: 19.79%
• 1Y: 36.41%
• 3Y*: 16.74%
• 5Y*: 8.90%
• 10Y*: 13.71%

HLIEX

• 1D: -0.30%
• 1M: 1.16%
• YTD: 9.17%
• 6M: 11.03%
• 1Y: 22.19%
• 3Y*: 17.56%
• 5Y*: 10.43%
• 10Y*: 11.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NPRTX vs. HLIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NPRTX Neuberger Berman Large Cap Value Fund	17.25%	20.69%	10.92%	-1.76%	-1.25%	28.12%	14.44%	23.96%	-1.23%	13.45%
HLIEX JPMorgan Equity Income Fund	9.17%	14.67%	19.67%	4.79%	-1.88%	25.10%	3.61%	26.30%	-4.45%	17.55%

Correlation

The correlation between NPRTX and HLIEX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jul 1, 1987	0.85

The correlation between NPRTX and HLIEX has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.

Return for Risk

NPRTX vs. HLIEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NPRTX

NPRTX Risk / Return Rank: 93
NPRTX Sharpe Ratio Rank: 95
NPRTX Sortino Ratio Rank: 93
NPRTX Omega Ratio Rank: 88
NPRTX Calmar Ratio Rank: 94
NPRTX Martin Ratio Rank: 95

HLIEX

HLIEX Risk / Return Rank: 58
HLIEX Sharpe Ratio Rank: 54
HLIEX Sortino Ratio Rank: 54
HLIEX Omega Ratio Rank: 52
HLIEX Calmar Ratio Rank: 69
HLIEX Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NPRTX vs. HLIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Large Cap Value Fund (NPRTX) and JPMorgan Equity Income Fund (HLIEX). 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.

	NPRTX	HLIEX	Difference
Sharpe ratio Return per unit of total volatility	3.38	2.20	+1.18
Sortino ratio Return per unit of downside risk	4.72	3.12	+1.61
Omega ratio Gain probability vs. loss probability	1.61	1.40	+0.22
Calmar ratio Return relative to maximum drawdown	5.43	3.23	+2.21
Martin ratio Return relative to average drawdown	22.42	12.34	+10.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NPRTX vs. HLIEX - Sharpe Ratio Comparison

The current NPRTX Sharpe Ratio is 3.38, which is higher than the HLIEX Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of NPRTX and HLIEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NPRTX	HLIEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.38	2.20	+1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.73	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.71	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.57	-0.12

Drawdowns

NPRTX vs. HLIEX - Drawdown Comparison

The maximum NPRTX drawdown since its inception was -66.25%, which is greater than HLIEX's maximum drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for NPRTX and HLIEX.

Drawdown Indicators

	NPRTX	HLIEX	Difference
Max Drawdown Largest peak-to-trough decline	-66.25%	-50.33%	-15.92%
Max Drawdown (1Y) Largest decline over 1 year	-7.03%	-7.08%	+0.05%
Max Drawdown (3Y) Largest decline over 3 years	-13.79%	-14.19%	+0.40%
Max Drawdown (5Y) Largest decline over 5 years	-19.82%	-14.85%	-4.97%
Max Drawdown (10Y) Largest decline over 10 years	-39.01%	-36.89%	-2.12%
Current Drawdown Current decline from peak	-0.13%	-0.41%	+0.28%
Average Drawdown Average peak-to-trough decline	-9.26%	-6.37%	-2.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.70%	1.85%	-0.15%

Volatility

NPRTX vs. HLIEX - Volatility Comparison

Neuberger Berman Large Cap Value Fund (NPRTX) has a higher volatility of 3.63% compared to JPMorgan Equity Income Fund (HLIEX) at 2.41%. This indicates that NPRTX's price experiences larger fluctuations and is considered to be riskier than HLIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NPRTX	HLIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	2.41%	+1.22%
Volatility (6M) Calculated over the trailing 6-month period	8.99%	7.77%	+1.22%
Volatility (1Y) Calculated over the trailing 1-year period	11.13%	10.29%	+0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.10%	14.29%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.59%	16.79%	+0.80%

NPRTX vs. HLIEX - Expense Ratio Comparison

NPRTX has a 0.79% expense ratio, which is higher than HLIEX's 0.70% expense ratio.

Dividends

NPRTX vs. HLIEX - Dividend Comparison

NPRTX's dividend yield for the trailing twelve months is around 5.48%, less than HLIEX's 9.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HLIEX JPMorgan Equity Income Fund	9.90%	10.81%	14.41%	2.77%	3.67%	3.33%	1.82%	2.78%	5.12%	2.47%	2.45%	2.73%
NPRTX Neuberger Berman Large Cap Value Fund	5.48%	6.42%	2.19%	2.45%	1.56%	5.04%	1.60%	3.87%	14.44%	8.55%	3.58%	9.80%

Frequently Asked Questions

Can I hold both NPRTX and HLIEX in my portfolio?

NPRTX and HLIEX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NPRTX or HLIEX?

NPRTX has higher volatility (3.63%) compared to HLIEX (2.41%). In terms of maximum drawdown, NPRTX dropped -66.25% vs HLIEX's -50.33%.

Which has better risk-adjusted returns?

NPRTX currently has the higher Sharpe Ratio (3.38 vs 2.20), 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.