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Neuberger Small-Mid Cap ETF (NBSM) Sharpe Ratio: 0.94

ETF · Main listing NBSM · Currency in USD · Last updated Jul 17, 2026

NBSM is an actively managed ETF by Neuberger Berman. NBSM launched on Mar 20, 2024 and has a 0.65% expense ratio.

NBSM's Sharpe Ratio of 0.94 indicates that for each unit of volatility, it generates 0.94 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 17, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

NBSM Sharpe Ratio Rank

NBSM Sharpe Ratio Rank: 31.632
Below Average

NBSM ranks above 31.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

NBSM Sharpe Ratio Market Positioning

The chart shows NBSM's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.74 or lower
  • Yellow zone (middle 50%): 0.74 to 1.92
  • Green zone (top 25%): 1.92 or higher
  • Top 1%: 6.45+
  • Median: 1.41 — half of all investments score higher

How it compares to other similar ETFs

The table compares Neuberger Small-Mid Cap ETF's Sharpe Ratio with other ETFs in the Mid Cap Growth Equities category across multiple time periods, showing how NBSM's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 17, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
TEKXSPDR Galaxy Transformative Tech Accelerators ETF2.67
QQQJInvesco NASDAQ Next Gen 100 ETF1.96
JHMMJohn Hancock Multifactor Mid Cap ETF1.52
IJKiShares S&P MidCap 400 Growth ETF1.37
MDYGSPDR S&P 400 Mid Cap Growth ETF1.36
IVOGVanguard S&P Mid-Cap 400 Growth ETF1.35
PAMCPacer Lunt MidCap Multi-Factor Alternator ETF1.33
FADFirst Trust Multi Cap Growth AlphaDEX Fund1.29
GLRYInspire Faithward Mid Cap Momentum ESG ETF1.28
BKMCBNY Mellon US Mid Cap Core Equity ETF1.24
NBSMNeuberger Small-Mid Cap ETF0.94

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows NBSM's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when NBSM consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does NBSM fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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