- Issuer
- Neuberger Berman
- Inception Date
- Sep 16, 2016
- Category
- Options Trading
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Assets Under Management
- $487M
Highlights
- Avg. Volume (1M)
- 74K
- Avg. Volume Value (1M)
- $2.09M
Share Price Chart
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Performance
NBOS Performance Chart
Neuberger Berman Option Strategy ETF (NBOS) is up 8.5% since the beginning of the year. NBOS is currently trading at $28 per share.
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Returns By Period
Neuberger Berman Option Strategy ETF (NBOS) has returned 8.54% so far this year and 17.91% over the past 12 months.
Neuberger Berman Option Strategy ETF
- 1D
- 0.64%
- 1M
- 1.31%
- 6M
- 6.89%
- YTD
- 8.54%
- 1Y
- 17.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.64%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
NBOS Monthly Returns History
Based on dividend-adjusted daily data since Jan 29, 2024, NBOS's average daily return is +0.05%, while the average monthly return is +0.98%. At this rate, an investment would double in approximately 5.9 years.
Historically, 74% of months were positive and 26% were negative. The best month was Apr 2026 with a return of +4.0%, while the worst month was Mar 2025 at -3.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 2 months.
On a daily basis, NBOS closed higher 59% of trading days. The best single day was Apr 9, 2025 with a return of +5.6%, while the worst single day was Apr 4, 2025 at -4.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.54% | 0.92% | -2.26% | 3.95% | 2.46% | 0.40% | 1.33% | 8.54% | |||||
| 2025 | 1.80% | 0.57% | -3.27% | -1.73% | 2.55% | 3.03% | 1.14% | 1.62% | 2.30% | 1.72% | 0.48% | 1.55% | 12.22% |
| 2024 | -0.76% | 1.82% | 1.59% | -1.65% | 2.48% | 1.73% | -0.17% | 1.10% | 1.38% | -0.29% | 3.71% | -0.70% | 10.59% |
Benchmark Metrics
Neuberger Berman Option Strategy ETF has an annualized alpha of 2.02%, beta of 0.57, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since January 29, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (48.36%) than losses (27.23%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 2.02% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.57 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.02%
- Beta
- 0.57
- R²
- 0.81
- Upside Capture
- 48.36%
- Downside Capture
- 27.23%
Expense Ratio
NBOS has an expense ratio of 0.56%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NBOS ranks 89 for risk / return — above 89% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Neuberger Berman Option Strategy ETF (NBOS) 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.
| NBOS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.25 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 2.00 | +1.64 |
| Martin ratioReturn relative to average drawdown | 19.45 | 8.49 | +10.96 |
Dividends
Dividend History
Neuberger Berman Option Strategy ETF provided a 8.04% dividend yield over the last twelve months, with an annual payout of $2.27 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $2.27 | $2.13 | $1.93 |
Dividend yield | 8.04% | 7.81% | 7.32% |
Monthly Dividends
The table displays the monthly dividend distributions for Neuberger Berman Option 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 | $0.20 | $0.19 | $0.19 | $0.18 | $0.19 | $0.20 | $0.19 | $1.34 | |||||
| 2025 | $0.18 | $0.18 | $0.17 | $0.16 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.25 | $2.13 |
| 2024 | $0.29 | $0.00 | $0.19 | $0.19 | $0.19 | $0.19 | $0.18 | $0.18 | $0.17 | $0.35 | $1.93 |
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 Option 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 Option Strategy ETF was 12.66%, occurring on Apr 8, 2025. Recovery took 68 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-12.66%Apr 2025 | 1mo 17d | 3mo 10d | 4mo 27dFeb 2025 - Jul 2025 | 2025 selloff2025 |
-5.42%Aug 2024 | 20d | 1mo 13d | 2mo 3dJul 2024 - Sep 2024 | — |
-4.71%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 | — |
-3.19%Apr 2024 | 17d | 21d | 1mo 8dApr 2024 - May 2024 | — |
-3.12%Nov 2025 | 7d | 8d | 15dNov 2025 - Nov 2025 | — |
Drawdown Indicators
| NBOS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.66% | -56.78% | +44.12% |
Max Drawdown (1Y)Largest decline over 1 year | -4.71% | -9.10% | +4.39% |
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% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -1.07% | -10.70% | +9.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 2.14% | -1.26% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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