- Issuer
- Neuberger Berman
- Inception Date
- Oct 13, 2023
- Category
- China Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $19M
Share Price Chart
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Performance
NBCE Performance Chart
Neuberger Berman China Equity ETF (NBCE) is up 36.3% since the beginning of the year. NBCE is currently trading at $46 per share.
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Returns By Period
Neuberger Berman China Equity ETF (NBCE) has returned 36.34% so far this year and 74.35% over the past 12 months.
Neuberger Berman China Equity ETF
- 1D
- 2.88%
- 1M
- 11.08%
- YTD
- 36.34%
- 6M
- 37.86%
- 1Y
- 74.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
NBCE Monthly Returns History
Based on dividend-adjusted daily data since Oct 16, 2023, NBCE's average daily return is +0.11%, while the average monthly return is +2.16%. At this rate, an investment would double in approximately 2.7 years.
Historically, 58% of months were positive and 42% were negative. The best month was Sep 2024 with a return of +18.9%, while the worst month was Jan 2024 at -11.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, NBCE closed higher 52% of trading days. The best single day was Oct 2, 2024 with a return of +7.9%, while the worst single day was Oct 8, 2024 at -11.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.59% | 3.39% | -6.23% | 12.27% | 8.34% | 8.48% | 36.34% | ||||||
| 2025 | 1.97% | 5.03% | 1.33% | -2.93% | 1.37% | 5.19% | 0.45% | 12.76% | 7.92% | -0.43% | -1.22% | 2.99% | 39.08% |
| 2024 | -11.00% | 10.50% | 0.45% | 4.46% | -1.82% | -4.18% | -1.93% | -1.33% | 18.90% | -3.91% | -1.98% | -1.76% | 3.35% |
| 2023 | -1.95% | 1.00% | -1.26% | -2.22% |
Benchmark Metrics
Neuberger Berman China Equity ETF has an annualized alpha of 19.66%, beta of 0.43, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since October 16, 2023.
- This ETF captured 65.62% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -35.55%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.43 may look defensive, but with R2 of 0.08 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.08 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 19.66%
- Beta
- 0.43
- R²
- 0.08
- Upside Capture
- 65.62%
- Downside Capture
- -35.55%
Expense Ratio
NBCE has an expense ratio of 0.74%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NBCE ranks 95 for risk / return — in the top 95% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Neuberger Berman China Equity ETF (NBCE) and compare them to S&P 500 Index.
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.
| NBCE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.37 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 8.10 | 2.78 | +5.32 |
| Martin ratioReturn relative to average drawdown | 26.61 | 12.44 | +14.17 |
Dividends
Dividend History
Neuberger Berman China Equity ETF provided a 0.97% dividend yield over the last twelve months, with an annual payout of $0.44 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.44 | $0.44 | $0.29 |
Dividend yield | 0.97% | 1.32% | 1.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Neuberger Berman China Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
| 2024 | $0.29 | $0.29 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Neuberger Berman China Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Neuberger Berman China Equity ETF was 28.42%, occurring on Apr 7, 2025. Recovery took 112 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -28.42%Apr 2025 | 6mo 1d | 5mo 13d | 11mo 14dOct 2024 - Sep 2025 |
2024 correction2024 | -15.32%Sep 2024 | 4mo 3d | 17d | 4mo 20dMay 2024 - Sep 2024 |
2024 correction2024 | -15.16%Feb 2024 | 2mo 13d | 2mo 27d | 5mo 10dNov 2023 - Apr 2024 |
2026 pullback2026 | -9.23%Mar 2026 | 25d | 25d | 1mo 20dFeb 2026 - Apr 2026 |
2025 pullback2025 | -7.13%Nov 2025 | 22d | 1mo 12d | 2mo 4dOct 2025 - Jan 2026 |
Drawdown Indicators
| NBCE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.42% | -56.78% | +28.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.23% | -9.10% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -8.99% | -10.71% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.03% | +0.77% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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