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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Neuberger Berman Commodity Strategy ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Neuberger Berman Commodity Strategy ETF (NBCM) has returned 23.89% so far this year and 34.41% over the past 12 months.
Neuberger Berman Commodity Strategy ETF
- 1D
- -0.29%
- 1M
- 11.18%
- YTD
- 23.89%
- 6M
- 29.39%
- 1Y
- 34.41%
- 3Y*
- 14.43%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Oct 24, 2022, NBCM's average daily return is +0.05%, while the average monthly return is +1.07%. At this rate, your investment would double in approximately 5.4 years.
Historically, 67% of months were positive and 33% were negative. The best month was Mar 2026 with a return of +11.2%, while the worst month was May 2023 at -6.1%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.
On a daily basis, NBCM closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +4.2%, while the worst single day was Jan 30, 2026 at -5.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.30% | 1.95% | 11.18% | 23.89% | |||||||||
| 2025 | 4.30% | 0.18% | 3.60% | -5.41% | 0.72% | 3.13% | 0.58% | 2.55% | 2.51% | 2.06% | 2.04% | 0.28% | 17.45% |
| 2024 | 1.16% | -0.98% | 4.42% | 2.31% | 0.99% | -1.84% | -2.93% | -0.74% | 3.67% | 0.34% | -0.75% | 0.96% | 6.55% |
| 2023 | 1.52% | -5.51% | 0.95% | -2.28% | -6.05% | 3.90% | 7.23% | -0.48% | -1.23% | -0.04% | -1.21% | -2.64% | -6.41% |
| 2022 | 0.19% | 4.07% | 0.92% | 5.23% |
Benchmark Metrics
Neuberger Berman Commodity Strategy ETF has an annualized alpha of 9.55%, beta of 0.26, and R² of 0.07 versus S&P 500 Index. Calculated based on daily prices since October 25, 2022.
- This ETF captured 31.93% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -24.64%) — a profile typical of hedging or uncorrelated assets.
- Beta of 0.26 may look defensive, but with R² of 0.07 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 0.07 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
- 9.55%
- Beta
- 0.26
- R²
- 0.07
- Upside Capture
- 31.93%
- Downside Capture
- -24.64%
Expense Ratio
NBCM has an expense ratio of 0.66%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NBCM ranks 87 for risk / return — in the top 87% 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 Commodity Strategy ETF (NBCM) and compare them to a chosen benchmark (S&P 500 Index).
| NBCM | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.86 | 0.90 | +0.97 |
Sortino ratioReturn per unit of downside risk | 2.38 | 1.39 | +0.99 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.21 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 3.30 | 1.40 | +1.90 |
Martin ratioReturn relative to average drawdown | 10.71 | 6.61 | +4.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore NBCM risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Neuberger Berman Commodity Strategy ETF provided a 6.83% dividend yield over the last twelve months, with an annual payout of $1.91 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $1.91 | $1.91 | $1.09 | $0.90 | $0.18 |
Dividend yield | 6.83% | 8.46% | 5.22% | 4.37% | 0.80% |
Monthly Dividends
The table displays the monthly dividend distributions for Neuberger Berman Commodity Strategy 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 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.91 | $1.91 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.09 | $1.09 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.90 | $0.90 |
| 2022 | $0.18 | $0.18 |
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 Commodity Strategy 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 Commodity Strategy ETF was 12.84%, occurring on May 31, 2023. Recovery took 229 trading sessions.
The current Neuberger Berman Commodity Strategy ETF drawdown is 1.44%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.84% | Jan 27, 2023 | 86 | May 31, 2023 | 229 | Apr 29, 2024 | 315 |
| -11.47% | May 29, 2024 | 72 | Sep 10, 2024 | 87 | Jan 15, 2025 | 159 |
| -10.76% | Apr 3, 2025 | 4 | Apr 8, 2025 | 48 | Jun 17, 2025 | 52 |
| -9.7% | Jan 30, 2026 | 2 | Feb 2, 2026 | 21 | Mar 4, 2026 | 23 |
| -5.95% | Nov 16, 2022 | 15 | Dec 7, 2022 | 26 | Jan 17, 2023 | 41 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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