- ISIN
- US64135A8045
- Issuer
- Neuberger Berman
- Inception Date
- Mar 20, 2024
- Category
- Mid Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $114M
Share Price Chart
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Performance
NBSM Performance Chart
Neuberger Small-Mid Cap ETF (NBSM) is up 11.9% since the beginning of the year. NBSM is currently trading at $28 per share.
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Returns By Period
Neuberger Small-Mid Cap ETF (NBSM) has returned 11.93% so far this year and 11.14% over the past 12 months.
Neuberger Small-Mid Cap ETF
- 1D
- 0.21%
- 1M
- 3.44%
- 6M
- 6.71%
- YTD
- 11.93%
- 1Y
- 11.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.79%
- 1M
- 1.13%
- 6M
- 7.71%
- YTD
- 9.79%
- 1Y
- 20.06%
- 3Y*
- 18.60%
- 5Y*
- 11.43%
- 10Y*
- 13.27%
NBSM Monthly Returns History
Based on dividend-adjusted daily data since Mar 21, 2024, NBSM's average daily return is +0.03%, while the average monthly return is +0.48%. At this rate, an investment would double in approximately 12.1 years.
Historically, 52% of months were positive and 48% were negative. The best month was Nov 2024 with a return of +8.6%, while the worst month was Dec 2024 at -9.4%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 3 months.
On a daily basis, NBSM closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +9.3%, while the worst single day was Apr 3, 2025 at -5.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.36% | 2.21% | -6.40% | 7.06% | -1.10% | 7.61% | -1.60% | 11.93% | |||||
| 2025 | 1.78% | -2.75% | -4.59% | -2.59% | 4.37% | 2.88% | 1.48% | 2.25% | -2.52% | -0.79% | 2.15% | -1.29% | -0.04% |
| 2024 | 1.11% | -4.80% | 3.49% | -1.71% | 6.51% | -1.08% | 1.61% | -2.98% | 8.56% | -9.39% | 0.03% |
Benchmark Metrics
Neuberger Small-Mid Cap ETF has an annualized alpha of -8.58%, beta of 0.91, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since March 21, 2024.
- This ETF participated in 111.70% of S&P 500 Index downside but only 58.70% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -8.58% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.91 and R2 of 0.64, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -8.58%
- Beta
- 0.91
- R²
- 0.64
- Upside Capture
- 58.70%
- Downside Capture
- 111.70%
Expense Ratio
NBSM has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NBSM ranks 26 for risk / return — below 26% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Neuberger Small-Mid Cap ETF (NBSM) 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.
| NBSM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.29 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 2.21 | -1.11 |
| Martin ratioReturn relative to average drawdown | 3.30 | 9.61 | -6.31 |
Dividends
Dividend History
Neuberger Small-Mid Cap ETF provided a 0.36% dividend yield over the last twelve months, with an annual payout of $0.10 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.10 | $0.10 | $0.06 |
Dividend yield | 0.36% | 0.40% | 0.23% |
Monthly Dividends
The table displays the monthly dividend distributions for Neuberger Small-Mid Cap 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 | $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 | $0.10 | $0.10 |
| 2024 | $0.06 | $0.06 |
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 Small-Mid Cap 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 Small-Mid Cap ETF was 25.16%, occurring on Apr 8, 2025. Recovery took 304 trading sessions.
The current Neuberger Small-Mid Cap ETF drawdown is 1.60%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -25.16%Apr 2025 | 4mo 13d | 1y 2mo | 1y 7moNov 2024 - Jun 2026 |
2024 pullback2024 | -7.23%Aug 2024 | 21d | 2mo 5d | 2mo 26dJul 2024 - Oct 2024 |
2024 pullback2024 | -6.88%Apr 2024 | 17d | 19d | 1mo 6dApr 2024 - May 2024 |
2024 pullback2024 | -6.12%Jun 2024 | 19d | 1mo 12d | 2mo 1dMay 2024 - Jul 2024 |
2024 pullback2024 | -4.11%Oct 2024 | 16d | 6d | 22dOct 2024 - Nov 2024 |
Drawdown Indicators
| NBSM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.16% | -56.78% | +31.62% |
Max Drawdown (1Y)Largest decline over 1 year | -10.12% | -9.10% | -1.02% |
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 | -1.60% | -1.24% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -10.71% | +3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 2.09% | +1.29% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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