NSTAX vs. ETSIX
NSTAX (Neuberger Berman Strategic Income Fund Class A) and ETSIX (Eaton Vance Strategic Income Fund Class I) are both Multisector Bonds funds. Both are actively managed. Over the past 10 years, NSTAX returned 3.56%/yr vs 4.78%/yr for ETSIX. At a 0.43 correlation, their price movements are largely independent. NSTAX charges 0.98%/yr vs 1.46%/yr for ETSIX.
Performance
NSTAX vs. ETSIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NSTAX achieves a 0.41% return, which is significantly lower than ETSIX's 2.49% return. Over the past 10 years, NSTAX has underperformed ETSIX with an annualized return of 3.56%, while ETSIX has yielded a comparatively higher 4.78% annualized return.
NSTAX
- 1D
- 0.10%
- 1M
- 0.82%
- YTD
- 0.41%
- 6M
- 1.03%
- 1Y
- 5.69%
- 3Y*
- 6.66%
- 5Y*
- 2.20%
- 10Y*
- 3.56%
ETSIX
- 1D
- 0.29%
- 1M
- 1.01%
- YTD
- 2.49%
- 6M
- 2.98%
- 1Y
- 9.57%
- 3Y*
- 8.22%
- 5Y*
- 4.98%
- 10Y*
- 4.78%
NSTAX vs. ETSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NSTAX Neuberger Berman Strategic Income Fund Class A | 0.41% | 9.04% | 5.64% | 8.64% | -12.06% | 2.55% | 7.36% | 10.09% | -2.71% | 6.55% |
ETSIX Eaton Vance Strategic Income Fund Class I | 2.49% | 10.88% | 6.38% | 8.24% | -2.55% | 1.33% | 7.52% | 6.58% | -2.68% | 4.90% |
Correlation
The correlation between NSTAX and ETSIX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2007 | 0.43 |
Over the past year, NSTAX and ETSIX have become more correlated (0.78) than their long-term average of 0.43, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NSTAX vs. ETSIX — Risk / Return Rank
NSTAX
ETSIX
NSTAX vs. ETSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Strategic Income Fund Class A (NSTAX) and Eaton Vance Strategic Income Fund Class I (ETSIX). 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.
| NSTAX | ETSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.75 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 4.02 | -2.25 |
| Martin ratioReturn relative to average drawdown | 6.12 | 13.77 | -7.65 |
Loading charts...
Drawdowns
NSTAX vs. ETSIX - Drawdown Comparison
The maximum NSTAX drawdown since its inception was -19.01%, which is greater than ETSIX's maximum drawdown of -12.63%. Use the drawdown chart below to compare losses from any high point for NSTAX and ETSIX.
Loading charts...
Drawdown Indicators
| NSTAX | ETSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.01% | -12.63% | -6.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.29% | -2.43% | -0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -4.91% | -2.52% | -2.39% |
Max Drawdown (5Y)Largest decline over 5 years | -16.86% | -6.34% | -10.52% |
Max Drawdown (10Y)Largest decline over 10 years | -19.01% | -12.28% | -6.73% |
Current DrawdownCurrent decline from peak | -1.15% | -0.31% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -2.45% | -1.43% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.71% | +0.24% |
Volatility
NSTAX vs. ETSIX - Volatility Comparison
Neuberger Berman Strategic Income Fund Class A (NSTAX) has a higher volatility of 1.24% compared to Eaton Vance Strategic Income Fund Class I (ETSIX) at 1.12%. This indicates that NSTAX's price experiences larger fluctuations and is considered to be riskier than ETSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NSTAX | ETSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.12% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 2.34% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 2.88% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.02% | 3.23% | +1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.94% | 3.16% | +1.78% |
NSTAX vs. ETSIX - Expense Ratio Comparison
NSTAX has a 0.98% expense ratio, which is lower than ETSIX's 1.46% expense ratio.
Dividends
NSTAX vs. ETSIX - Dividend Comparison
NSTAX's dividend yield for the trailing twelve months is around 5.18%, less than ETSIX's 7.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETSIX Eaton Vance Strategic Income Fund Class I | 7.08% | 5.65% | 6.97% | 6.93% | 5.56% | 4.31% | 4.19% | 4.29% | 3.98% | 3.70% | 3.94% | 4.32% |
NSTAX Neuberger Berman Strategic Income Fund Class A | 5.18% | 5.10% | 4.95% | 4.14% | 3.60% | 5.90% | 3.44% | 3.62% | 3.94% | 3.23% | 3.14% | 3.64% |
Frequently Asked Questions
NSTAX and ETSIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NSTAX has higher volatility (1.24%) compared to ETSIX (1.12%). In terms of maximum drawdown, NSTAX dropped -19.01% vs ETSIX's -12.63%.
ETSIX currently has the higher Sharpe Ratio (3.40 vs 1.62), 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.
Find the right allocation for NSTAX and ETSIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer