NPRTX vs. NHS
NPRTX (Neuberger Berman Large Cap Value Fund) and NHS (Neuberger Berman High Yield Strategies Fund) are both mutual funds - NPRTX is a Large Cap Value Equities fund managed by Neuberger Berman, while NHS is a High Yield Bonds fund actively managed by Neuberger Berman. Over the past 10 years, NPRTX returned 13.51%/yr vs 5.08%/yr for NHS. At a 0.35 correlation, their price movements are largely independent. NPRTX charges 0.79%/yr vs 4.14%/yr for NHS.
Performance
NPRTX vs. NHS - Performance Comparison
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Returns By Period
In the year-to-date period, NPRTX achieves a 19.69% return, which is significantly higher than NHS's -8.59% return. Over the past 10 years, NPRTX has outperformed NHS with an annualized return of 13.51%, while NHS has yielded a comparatively lower 5.08% annualized return.
NPRTX
- 1D
- -0.21%
- 1M
- -0.41%
- 6M
- 12.88%
- YTD
- 19.69%
- 1Y
- 34.20%
- 3Y*
- 16.76%
- 5Y*
- 10.91%
- 10Y*
- 13.51%
NHS
- 1D
- 0.33%
- 1M
- -0.14%
- 6M
- -8.72%
- YTD
- -8.59%
- 1Y
- -2.44%
- 3Y*
- 8.29%
- 5Y*
- -0.84%
- 10Y*
- 5.08%
NPRTX vs. NHS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NPRTX Neuberger Berman Large Cap Value Fund | 19.69% | 20.69% | 10.92% | -1.76% | -1.25% | 28.12% | 14.44% | 23.96% | -1.23% | 13.45% |
NHS Neuberger Berman High Yield Strategies Fund | -8.59% | 14.81% | 11.04% | 6.12% | -22.99% | 15.78% | 4.57% | 39.03% | -11.45% | 8.64% |
Correlation
The correlation between NPRTX and NHS is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2003 | 0.35 |
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Return for Risk
NPRTX vs. NHS — Risk / Return Rank
NPRTX
NHS
NPRTX vs. NHS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Large Cap Value Fund (NPRTX) and Neuberger Berman High Yield Strategies Fund (NHS). 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.
| NPRTX | NHS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.16 | ||
| Sortino ratioReturn per unit of downside risk | +4.30 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 0.98 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 4.97 | -0.14 | +5.12 |
| Martin ratioReturn relative to average drawdown | 20.07 | -0.29 | +20.36 |
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Drawdowns
NPRTX vs. NHS - Drawdown Comparison
The maximum NPRTX drawdown since its inception was -66.25%, roughly equal to the maximum NHS drawdown of -64.67%. Use the drawdown chart below to compare losses from any high point for NPRTX and NHS.
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Drawdown Indicators
| NPRTX | NHS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.25% | -64.67% | -1.58% |
Max Drawdown (1Y)Largest decline over 1 year | -7.03% | -17.01% | +9.98% |
Max Drawdown (3Y)Largest decline over 3 years | -13.79% | -17.01% | +3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -19.82% | -37.43% | +17.61% |
Max Drawdown (10Y)Largest decline over 10 years | -39.01% | -42.97% | +3.96% |
Current DrawdownCurrent decline from peak | -0.68% | -14.11% | +13.43% |
Average DrawdownAverage peak-to-trough decline | -9.24% | -8.89% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 8.43% | -6.69% |
Volatility
NPRTX vs. NHS - Volatility Comparison
Neuberger Berman Large Cap Value Fund (NPRTX) has a higher volatility of 2.79% compared to Neuberger Berman High Yield Strategies Fund (NHS) at 2.60%. This indicates that NPRTX's price experiences larger fluctuations and is considered to be riskier than NHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NPRTX | NHS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 2.60% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 9.74% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.84% | 12.75% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.07% | 16.12% | -2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.44% | 16.69% | +0.75% |
NPRTX vs. NHS - Expense Ratio Comparison
NPRTX has a 0.79% expense ratio, which is lower than NHS's 4.14% expense ratio.
Dividends
NPRTX vs. NHS - Dividend Comparison
NPRTX's dividend yield for the trailing twelve months is around 5.37%, less than NHS's 17.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NHS Neuberger Berman High Yield Strategies Fund | 17.57% | 14.60% | 14.50% | 13.94% | 12.75% | 8.74% | 9.29% | 7.99% | 8.37% | 7.59% | 8.23% | 9.81% |
NPRTX Neuberger Berman Large Cap Value Fund | 5.37% | 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
NPRTX and NHS have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NPRTX has higher volatility (2.79%) compared to NHS (2.60%). In terms of maximum drawdown, NPRTX dropped -66.25% vs NHS's -64.67%.
NPRTX currently has the higher Sharpe Ratio (2.97 vs -0.19), 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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