NSTLX vs. NBHIX
NSTLX (Neuberger Berman Strategic Income Fund) and NBHIX (Neuberger Berman Equity Income Fund) are both mutual funds - NSTLX is a Multisector Bonds fund managed by Neuberger Berman, while NBHIX is a Dividend fund managed by Neuberger Berman. Over the past 10 years, NSTLX returned 3.69%/yr vs 9.38%/yr for NBHIX. Their 0.24 correlation means their historical movements had little consistent relationship. NSTLX charges 0.59%/yr vs 0.70%/yr for NBHIX.
Performance
NSTLX vs. NBHIX - Performance Comparison
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Returns By Period
In the year-to-date period, NSTLX achieves a -0.36% return, which is significantly lower than NBHIX's 8.57% return. Over the past 10 years, NSTLX has underperformed NBHIX with an annualized return of 3.69%, while NBHIX has yielded a comparatively higher 9.38% annualized return.
NSTLX
- 1D
- -0.20%
- 1M
- -1.39%
- 6M
- -0.77%
- YTD
- -0.36%
- 1Y
- 3.02%
- 3Y*
- 6.67%
- 5Y*
- 2.39%
- 10Y*
- 3.69%
- ALL TIME*
- 4.22%
NBHIX
- 1D
- -0.42%
- 1M
- 0.97%
- 6M
- 2.99%
- YTD
- 8.57%
- 1Y
- 16.43%
- 3Y*
- 13.40%
- 5Y*
- 9.16%
- 10Y*
- 9.38%
- ALL TIME*
- 8.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NSTLX vs. NBHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NSTLX Neuberger Berman Strategic Income Fund | -0.36% | 9.44% | 6.02% | 10.07% | -11.81% | 2.94% | 7.78% | 10.55% | -2.34% | 7.00% |
NBHIX Neuberger Berman Equity Income Fund | 8.57% | 17.69% | 13.38% | 3.87% | -4.24% | 21.67% | 3.00% | 21.52% | -5.57% | 13.26% |
Correlation
The correlation between NSTLX and NBHIX is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2006 | 0.24 |
The correlation between NSTLX and NBHIX shifts across timeframes, from 0.24 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NSTLX vs. NBHIX — Risk / Return Rank
NSTLX
NBHIX
NSTLX vs. NBHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Strategic Income Fund (NSTLX) and Neuberger Berman Equity Income Fund (NBHIX). 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.
| NSTLX | NBHIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.26 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.80 | -0.69 |
| Martin ratioReturn relative to average drawdown | 3.55 | 5.27 | -1.72 |
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Drawdowns
NSTLX vs. NBHIX - Drawdown Comparison
The maximum NSTLX drawdown since its inception was -19.00%, smaller than the maximum NBHIX drawdown of -40.07%. Use the drawdown chart below to compare losses from any high point for NSTLX and NBHIX.
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Drawdown Indicators
| NSTLX | NBHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.00% | -40.07% | +21.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.30% | -8.72% | +5.42% |
Max Drawdown (3Y)Largest decline over 3 years | -4.55% | -11.22% | +6.67% |
Max Drawdown (5Y)Largest decline over 5 years | -16.65% | -17.90% | +1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -19.00% | -33.97% | +14.97% |
Current DrawdownCurrent decline from peak | -1.96% | -2.28% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -2.69% | -4.92% | +2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 2.96% | -1.93% |
Volatility
NSTLX vs. NBHIX - Volatility Comparison
The current volatility for Neuberger Berman Strategic Income Fund (NSTLX) is 0.91%, while Neuberger Berman Equity Income Fund (NBHIX) has a volatility of 2.83%. This indicates that NSTLX experiences smaller price fluctuations and is considered to be less risky than NBHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NSTLX | NBHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 2.83% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 8.49% | -5.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 10.84% | -7.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.09% | 13.59% | -8.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 14.73% | -9.74% |
NSTLX vs. NBHIX - Expense Ratio Comparison
NSTLX has a 0.59% expense ratio, which is lower than NBHIX's 0.70% expense ratio.
Dividends
NSTLX vs. NBHIX - Dividend Comparison
NSTLX's dividend yield for the trailing twelve months is around 5.19%, more than NBHIX's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NBHIX Neuberger Berman Equity Income Fund | 1.49% | 1.54% | 7.09% | 6.16% | 7.83% | 10.73% | 2.18% | 5.75% | 7.71% | 6.77% | 5.92% | 6.72% |
NSTLX Neuberger Berman Strategic Income Fund | 5.19% | 5.46% | 5.31% | 5.38% | 3.92% | 6.29% | 3.81% | 4.02% | 4.33% | 3.64% | 3.54% | 4.09% |
Frequently Asked Questions
NSTLX and NBHIX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBHIX has higher volatility (2.83%) compared to NSTLX (0.91%). In terms of maximum drawdown, NSTLX dropped -19.00% vs NBHIX's -40.07%.
NBHIX currently has the higher Sharpe Ratio (1.45 vs 1.01), 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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