- 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
- $220M
Share Price Chart
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Performance
NBSM Performance Chart
Neuberger Small-Mid Cap ETF (NBSM) is up 5.8% since the beginning of the year. NBSM is currently trading at $27 per share.
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Returns By Period
Neuberger Small-Mid Cap ETF (NBSM) has returned 5.78% so far this year and 10.86% over the past 12 months.
Neuberger Small-Mid Cap ETF
- 1D
- 0.51%
- 1M
- -0.12%
- YTD
- 5.78%
- 6M
- 5.00%
- 1Y
- 10.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
NBSM Monthly Returns History
Based on dividend-adjusted daily data since Mar 21, 2024, NBSM's average daily return is +0.02%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.
Historically, 54% of months were positive and 46% 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% | 0.07% | 5.78% | ||||||
| 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 | 0.69% | -4.80% | 3.49% | -1.71% | 6.51% | -1.08% | 1.61% | -2.98% | 8.56% | -9.39% | -0.40% |
Benchmark Metrics
Neuberger Small-Mid Cap ETF has an annualized alpha of -12.11%, beta of 0.92, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since March 22, 2024.
- This ETF participated in 141.85% of S&P 500 Index downside but only 61.12% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -12.11% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.92 and R2 of 0.66, 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
- -12.11%
- Beta
- 0.92
- R²
- 0.66
- Upside Capture
- 61.12%
- Downside Capture
- 141.85%
Expense Ratio
NBSM has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NBSM ranks 22 for risk / return — below 22% 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.
| NBSM | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 2.39 | -1.66 |
Sortino ratioReturn per unit of downside risk | 1.19 | 3.25 | -2.06 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.43 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.08 | 3.11 | -2.04 |
Martin ratioReturn relative to average drawdown | 3.24 | 14.38 | -11.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Neuberger Small-Mid Cap ETF provided a 0.38% 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 | 0.38% | 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 | ||||||
| 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. The portfolio has not yet recovered.
The current Neuberger Small-Mid Cap ETF drawdown is 4.93%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -25.16%Apr 2025 | 4mo 13d | — | 1y 6moNov 2024 - now |
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 | -4.93% | 0.00% | -4.93% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -10.72% | +3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 1.97% | +1.39% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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