DRIP vs. NBET
DRIP (Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares) and NBET (Neuberger Berman Energy Transition & Infrastructure ETF) are both exchange-traded funds - DRIP is a Leveraged Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry Index (-300%), while NBET is a Energy Equities fund actively managed by Neuberger Berman. DRIP is passively managed, while NBET is actively managed. Over the past 3 years, DRIP returned -27.26%/yr vs 19.86%/yr for NBET. At a correlation of -0.59, they often move in opposite directions. DRIP charges 1.07%/yr vs 0.65%/yr for NBET.
Performance
DRIP vs. NBET - Performance Comparison
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Returns By Period
In the year-to-date period, DRIP achieves a -41.20% return, which is significantly lower than NBET's 20.80% return.
DRIP
- 1D
- -0.94%
- 1M
- 18.92%
- YTD
- -41.20%
- 6M
- -40.68%
- 1Y
- -42.23%
- 3Y*
- -27.26%
- 5Y*
- -38.71%
- 10Y*
- -42.06%
NBET
- 1D
- 0.19%
- 1M
- -5.87%
- YTD
- 20.80%
- 6M
- 20.90%
- 1Y
- 23.09%
- 3Y*
- 19.86%
- 5Y*
- —
- 10Y*
- —
DRIP vs. NBET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -41.20% | -14.81% | 1.27% | -17.24% | -39.64% |
NBET Neuberger Berman Energy Transition & Infrastructure ETF | 20.80% | 5.87% | 30.30% | 7.48% | -6.07% |
Correlation
The correlation between DRIP and NBET is -0.77, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.61 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2022 | -0.59 |
The correlation between DRIP and NBET shifts across timeframes, from -0.77 (1 year) to -0.59 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DRIP vs. NBET — Risk / Return Rank
DRIP
NBET
DRIP vs. NBET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) and Neuberger Berman Energy Transition & Infrastructure ETF (NBET). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| DRIP | NBET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.26 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 2.90 | -3.58 |
| Martin ratioReturn relative to average drawdown | -1.25 | 7.90 | -9.15 |
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Drawdowns
DRIP vs. NBET - Drawdown Comparison
The maximum DRIP drawdown since its inception was -99.95%, which is greater than NBET's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for DRIP and NBET.
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Drawdown Indicators
| DRIP | NBET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.95% | -18.72% | -81.23% |
Max Drawdown (1Y)Largest decline over 1 year | -62.18% | -8.00% | -54.18% |
Max Drawdown (3Y)Largest decline over 3 years | -76.02% | -18.72% | -57.30% |
Max Drawdown (5Y)Largest decline over 5 years | -96.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.92% | — | — |
Current DrawdownCurrent decline from peak | -99.93% | -6.98% | -92.95% |
Average DrawdownAverage peak-to-trough decline | -90.46% | -5.07% | -85.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.75% | 2.93% | +30.82% |
Volatility
DRIP vs. NBET - Volatility Comparison
Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) has a higher volatility of 18.04% compared to Neuberger Berman Energy Transition & Infrastructure ETF (NBET) at 4.77%. This indicates that DRIP's price experiences larger fluctuations and is considered to be riskier than NBET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRIP | NBET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.04% | 4.77% | +13.27% |
Volatility (6M)Calculated over the trailing 6-month period | 43.68% | 11.00% | +32.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.75% | 14.66% | +42.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.37% | 19.48% | +48.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.33% | 19.48% | +76.85% |
DRIP vs. NBET - Expense Ratio Comparison
DRIP has a 1.07% expense ratio, which is higher than NBET's 0.65% expense ratio.
Dividends
DRIP vs. NBET - Dividend Comparison
DRIP's dividend yield for the trailing twelve months is around 3.36%, more than NBET's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.36% | 2.86% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
NBET Neuberger Berman Energy Transition & Infrastructure ETF | 1.71% | 2.70% | 2.43% | 1.22% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRIP and NBET have a correlation of -0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRIP has higher volatility (18.04%) compared to NBET (4.77%). In terms of maximum drawdown, DRIP dropped -99.95% vs NBET's -18.72%.
On 3-year performance, NBET leads with 19.86% vs -27.26% for DRIP. On fees, NBET is cheaper at 0.65% per year. On volatility, NBET has been the lower-risk option at 4.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NBET has performed better with a 19.86% return vs -27.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NBET is cheaper with a 0.65% expense ratio, compared with 1.07% for DRIP.
DRIP has the higher dividend yield at 3.36%, compared with 1.71% for NBET.
DRIP is categorized as Leveraged Equities, while NBET is Energy Equities. They also come from different issuers: Direxion and Neuberger Berman. Their fees differ too: 1.07% for DRIP and 0.65% for NBET.
NBET currently has the higher Sharpe Ratio (1.59 vs -0.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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