NRMGX vs. NMANX

Last updated Jun 6, 2026

NRMGX (Neuberger Berman Mid Cap Growth Fund Class R6) and NMANX (Neuberger Berman Mid Cap Growth Fund) are both Mid Cap Growth Equities funds from Neuberger Berman. Over the past 10 years, NRMGX returned 13.54%/yr vs 12.52%/yr for NMANX. With a 1.00 correlation, they move nearly in lockstep. NRMGX charges 0.58%/yr vs 0.83%/yr for NMANX.

Performance

NRMGX vs. NMANX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Mid Cap Growth Fund Class R6 (NRMGX) and Neuberger Berman Mid Cap Growth Fund (NMANX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with NRMGX having a 11.32% return and NMANX slightly lower at 11.19%. Over the past 10 years, NRMGX has outperformed NMANX with an annualized return of 13.54%, while NMANX has yielded a comparatively lower 12.52% annualized return.

NRMGX

• 1D: 0.43%
• 1M: 3.16%
• YTD: 11.32%
• 6M: 7.48%
• 1Y: 10.97%
• 3Y*: 21.23%
• 5Y*: 8.44%
• 10Y*: 13.54%

NMANX

• 1D: 0.43%
• 1M: 3.16%
• YTD: 11.19%
• 6M: 7.41%
• 1Y: 10.74%
• 3Y*: 17.10%
• 5Y*: 6.11%
• 10Y*: 12.52%

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

NRMGX vs. NMANX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NRMGX Neuberger Berman Mid Cap Growth Fund Class R6	11.32%	5.72%	37.37%	18.53%	-28.68%	12.71%	39.81%	34.07%	-6.01%	25.18%
NMANX Neuberger Berman Mid Cap Growth Fund	11.19%	5.51%	24.39%	18.21%	-28.82%	12.42%	39.45%	33.62%	-6.28%	29.01%

Correlation

The correlation between NRMGX and NMANX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	1.00

The correlation between NRMGX and NMANX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

NRMGX vs. NMANX — Risk / Return Rank

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

NRMGX

NRMGX Risk / Return Rank: 7
NRMGX Sharpe Ratio Rank: 7
NRMGX Sortino Ratio Rank: 7
NRMGX Omega Ratio Rank: 7
NRMGX Calmar Ratio Rank: 7
NRMGX Martin Ratio Rank: 7

NMANX

NMANX Risk / Return Rank: 7
NMANX Sharpe Ratio Rank: 7
NMANX Sortino Ratio Rank: 7
NMANX Omega Ratio Rank: 7
NMANX Calmar Ratio Rank: 7
NMANX Martin Ratio Rank: 7

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.

NRMGX vs. NMANX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Mid Cap Growth Fund Class R6 (NRMGX) and Neuberger Berman Mid Cap Growth Fund (NMANX). 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.

	NRMGX	NMANX	Difference
Sharpe ratio: Return per unit of total volatility	0.53	0.52	+0.01
Sortino ratio: Return per unit of downside risk	0.87	0.85	+0.01
Omega ratio: Gain probability vs. loss probability	1.10	1.10	0.00
Calmar ratio: Return relative to maximum drawdown	0.61	0.60	+0.02
Martin ratio: Return relative to average drawdown	1.79	1.74	+0.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NRMGX vs. NMANX - Sharpe Ratio Comparison

The current NRMGX Sharpe Ratio is 0.53, which is comparable to the NMANX Sharpe Ratio of 0.52. The chart below compares the historical Sharpe Ratios of NRMGX and NMANX, 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

	NRMGX	NMANX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.53	0.52	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.26	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.56	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.52	+0.02

Drawdowns

NRMGX vs. NMANX - Drawdown Comparison

The maximum NRMGX drawdown since its inception was -37.97%, smaller than the maximum NMANX drawdown of -72.14%. Use the drawdown chart below to compare losses from any high point for NRMGX and NMANX.

Drawdown Indicators

	NRMGX	NMANX	Difference
Max Drawdown Largest peak-to-trough decline	-37.97%	-72.14%	+34.17%
Max Drawdown (1Y) Largest decline over 1 year	-17.65%	-17.71%	+0.06%
Max Drawdown (3Y) Largest decline over 3 years	-25.95%	-25.93%	-0.02%
Max Drawdown (5Y) Largest decline over 5 years	-37.97%	-38.10%	+0.13%
Max Drawdown (10Y) Largest decline over 10 years	-37.97%	-38.10%	+0.13%
Current Drawdown Current decline from peak	-0.31%	-0.31%	0.00%
Average Drawdown Average peak-to-trough decline	-9.28%	-17.40%	+8.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.01%	6.05%	-0.04%

Volatility

NRMGX vs. NMANX - Volatility Comparison

Neuberger Berman Mid Cap Growth Fund Class R6 (NRMGX) and Neuberger Berman Mid Cap Growth Fund (NMANX) have volatilities of 5.17% and 5.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRMGX	NMANX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.17%	5.20%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	16.02%	16.02%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	20.36%	20.34%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.72%	23.19%	+0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.73%	22.46%	+0.27%

NRMGX vs. NMANX - Expense Ratio Comparison

NRMGX has a 0.58% expense ratio, which is lower than NMANX's 0.83% expense ratio.

Dividends

NRMGX vs. NMANX - Dividend Comparison

NRMGX's dividend yield for the trailing twelve months is around 20.73%, which matches NMANX's 20.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NMANX Neuberger Berman Mid Cap Growth Fund	20.77%	23.10%	9.85%	3.19%	4.87%	16.30%	9.58%	5.43%	11.70%	8.94%	5.00%	9.00%
NRMGX Neuberger Berman Mid Cap Growth Fund Class R6	20.73%	23.08%	19.50%	3.17%	4.85%	16.27%	9.48%	5.39%	11.66%	8.94%	4.85%	8.78%

Frequently Asked Questions

Can I hold both NRMGX and NMANX in my portfolio?

With a correlation of 1.00, NRMGX and NMANX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NRMGX or NMANX?

NMANX has higher volatility (5.20%) compared to NRMGX (5.17%). In terms of maximum drawdown, NRMGX dropped -37.97% vs NMANX's -72.14%.

Which has better risk-adjusted returns?

NRMGX currently has the higher Sharpe Ratio (0.53 vs 0.52), 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.