PRCPX vs. NHS
Compare and contrast key facts about T. Rowe Price Credit Opportunities Fund (PRCPX) and Neuberger Berman High Yield Strategies Fund (NHS).
PRCPX is a passively managed fund by T. Rowe Price that tracks the performance of the Bloomberg US High-Yield 2% Issuer Capped Bond Index. It was launched on Apr 29, 2014. NHS is an actively managed fund by Neuberger Berman. It was launched on Jul 28, 2003.
Performance
PRCPX vs. NHS - Performance Comparison
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PRCPX vs. NHS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRCPX T. Rowe Price Credit Opportunities Fund | 0.37% | 14.80% | 7.46% | 14.90% | -10.50% | 6.36% | 5.55% | 13.77% | -1.44% | 6.80% |
NHS Neuberger Berman High Yield Strategies Fund | -9.47% | 14.81% | 11.04% | 6.12% | -22.99% | 15.78% | 4.57% | 39.03% | -11.45% | 8.64% |
Returns By Period
In the year-to-date period, PRCPX achieves a 0.37% return, which is significantly higher than NHS's -9.47% return. Over the past 10 years, PRCPX has outperformed NHS with an annualized return of 6.88%, while NHS has yielded a comparatively lower 6.10% annualized return.
PRCPX
- 1D
- 0.51%
- 1M
- -1.12%
- YTD
- 0.37%
- 6M
- 3.54%
- 1Y
- 14.12%
- 3Y*
- 10.79%
- 5Y*
- 5.93%
- 10Y*
- 6.88%
NHS
- 1D
- 0.15%
- 1M
- -14.94%
- YTD
- -9.47%
- 6M
- -6.82%
- 1Y
- -1.78%
- 3Y*
- 5.86%
- 5Y*
- -0.76%
- 10Y*
- 6.10%
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PRCPX vs. NHS - Expense Ratio Comparison
PRCPX has a 0.81% expense ratio, which is lower than NHS's 4.14% expense ratio.
Return for Risk
PRCPX vs. NHS — Risk / Return Rank
PRCPX
NHS
PRCPX vs. NHS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Credit Opportunities Fund (PRCPX) 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.
| PRCPX | NHS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.49 | -0.11 | +3.60 |
Sortino ratioReturn per unit of downside risk | 5.55 | -0.04 | +5.59 |
Omega ratioGain probability vs. loss probability | 1.93 | 0.99 | +0.94 |
Calmar ratioReturn relative to maximum drawdown | 4.86 | -0.09 | +4.96 |
Martin ratioReturn relative to average drawdown | 22.46 | -0.41 | +22.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRCPX | NHS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.49 | -0.11 | +3.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | -0.05 | +1.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.27 | 0.37 | +0.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.35 | +0.53 |
Correlation
The correlation between PRCPX and NHS is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PRCPX vs. NHS - Dividend Comparison
PRCPX's dividend yield for the trailing twelve months is around 12.83%, less than NHS's 16.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRCPX T. Rowe Price Credit Opportunities Fund | 12.83% | 12.19% | 7.03% | 7.88% | 4.89% | 5.11% | 5.36% | 5.18% | 5.72% | 4.95% | 5.88% | 7.58% |
NHS Neuberger Berman High Yield Strategies Fund | 16.73% | 14.60% | 14.50% | 13.94% | 12.75% | 8.74% | 9.29% | 7.99% | 8.37% | 7.59% | 8.23% | 9.81% |
Drawdowns
PRCPX vs. NHS - Drawdown Comparison
The maximum PRCPX drawdown since its inception was -23.07%, smaller than the maximum NHS drawdown of -64.67%. Use the drawdown chart below to compare losses from any high point for PRCPX and NHS.
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Drawdown Indicators
| PRCPX | NHS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.07% | -64.67% | +41.60% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -17.43% | +14.40% |
Max Drawdown (5Y)Largest decline over 5 years | -14.34% | -37.43% | +23.09% |
Max Drawdown (10Y)Largest decline over 10 years | -23.07% | -42.97% | +19.90% |
Current DrawdownCurrent decline from peak | -1.24% | -14.94% | +13.70% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -8.82% | +5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 4.00% | -3.34% |
Volatility
PRCPX vs. NHS - Volatility Comparison
The current volatility for T. Rowe Price Credit Opportunities Fund (PRCPX) is 1.24%, while Neuberger Berman High Yield Strategies Fund (NHS) has a volatility of 6.23%. This indicates that PRCPX experiences smaller price fluctuations and is considered to be less risky 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
| PRCPX | NHS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 6.23% | -4.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 10.99% | -8.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 16.02% | -11.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 16.17% | -11.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 16.67% | -11.22% |