EIPX vs. NBET

Last updated Jun 26, 2026

EIPX (FT Energy Income Partners Strategy ETF) and NBET (Neuberger Berman Energy Transition & Infrastructure ETF) are both Energy Equities funds. Both are actively managed. Over the past 3 years, EIPX returned 20.82%/yr vs 20.01%/yr for NBET. A 0.77 correlation means they provide meaningful diversification when combined. EIPX charges 0.95%/yr vs 0.65%/yr for NBET.

Performance

EIPX vs. NBET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Energy Income Partners Strategy ETF (EIPX) and Neuberger Berman Energy Transition & Infrastructure ETF (NBET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with EIPX having a 21.06% return and NBET slightly higher at 21.93%.

EIPX

• 1D: 1.26%
• 1M: -2.26%
• YTD: 21.06%
• 6M: 21.15%
• 1Y: 28.14%
• 3Y*: 20.82%
• 5Y*: —
• 10Y*: —

NBET

• 1D: 1.28%
• 1M: -3.13%
• YTD: 21.93%
• 6M: 22.32%
• 1Y: 24.61%
• 3Y*: 20.01%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EIPX vs. NBET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EIPX FT Energy Income Partners Strategy ETF	21.06%	11.44%	19.11%	10.74%	1.77%
NBET Neuberger Berman Energy Transition & Infrastructure ETF	21.93%	5.87%	30.30%	7.48%	4.02%

Correlation

The correlation between EIPX and NBET is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (All Time) Calculated using the full available price history since Nov 3, 2022	0.77

The correlation between EIPX and NBET shifts across timeframes, from 0.77 (all time) to 0.92 (1 year), reflecting how their relationship changes across market environments.

EIPX vs. NBET - Sectors Allocation Comparison

Sectors	EIPX	NBET
Energy	68.4%	88.7%
Utilities	26.4%	9.0%
Industrials	4.8%	2.3%
Technology	0.3%	-
Basic Materials	-	0.9%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

EIPX vs. NBET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EIPX

EIPX Risk / Return Rank: 88
EIPX Sharpe Ratio Rank: 88
EIPX Sortino Ratio Rank: 89
EIPX Omega Ratio Rank: 82
EIPX Calmar Ratio Rank: 92
EIPX Martin Ratio Rank: 88

NBET

NBET Risk / Return Rank: 56
NBET Sharpe Ratio Rank: 56
NBET Sortino Ratio Rank: 52
NBET Omega Ratio Rank: 48
NBET Calmar Ratio Rank: 70
NBET Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EIPX vs. NBET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Energy Income Partners Strategy ETF (EIPX) 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.

	EIPX	NBET	Difference
Sharpe ratio: Return per unit of total volatility	2.52	1.68	+0.84
Sortino ratio: Return per unit of downside risk	3.57	2.27	+1.30
Omega ratio: Gain probability vs. loss probability	1.42	1.28	+0.15
Calmar ratio: Return relative to maximum drawdown	5.47	3.09	+2.38
Martin ratio: Return relative to average drawdown	16.51	8.27	+8.24

EIPX vs. NBET - Sharpe Ratio Comparison

The current EIPX Sharpe Ratio is 2.52, which is higher than the NBET Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of EIPX and NBET, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EIPX vs. NBET - Drawdown Comparison

The maximum EIPX drawdown since its inception was -15.43%, smaller than the maximum NBET drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for EIPX and NBET.

Drawdown Indicators

	EIPX	NBET	Difference
Max Drawdown Largest peak-to-trough decline	-15.43%	-18.72%	+3.29%
Max Drawdown (1Y) Largest decline over 1 year	-5.17%	-8.00%	+2.83%
Max Drawdown (3Y) Largest decline over 3 years	-15.43%	-18.72%	+3.29%
Current Drawdown Current decline from peak	-3.30%	-6.11%	+2.81%
Average Drawdown Average peak-to-trough decline	-2.29%	-5.07%	+2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	2.98%	-1.27%

Volatility

EIPX vs. NBET - Volatility Comparison

The current volatility for FT Energy Income Partners Strategy ETF (EIPX) is 3.90%, while Neuberger Berman Energy Transition & Infrastructure ETF (NBET) has a volatility of 4.82%. This indicates that EIPX experiences smaller price fluctuations and is considered to be less risky than NBET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIPX	NBET	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	4.82%	-0.92%
Volatility (6M) Calculated over the trailing 6-month period	8.60%	11.14%	-2.54%
Volatility (1Y) Calculated over the trailing 1-year period	11.25%	14.72%	-3.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.03%	19.48%	-4.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.03%	19.48%	-4.45%

EIPX vs. NBET - Expense Ratio Comparison

EIPX has a 0.95% expense ratio, which is higher than NBET's 0.65% expense ratio.

Dividends

EIPX vs. NBET - Dividend Comparison

EIPX's dividend yield for the trailing twelve months is around 3.48%, more than NBET's 2.47% yield.

Position	TTM	2025	2024	2023	2022
EIPX FT Energy Income Partners Strategy ETF	3.48%	3.23%	3.27%	3.48%	0.34%
NBET Neuberger Berman Energy Transition & Infrastructure ETF	2.47%	2.70%	2.43%	1.22%	0.87%

Frequently Asked Questions

Can I hold both EIPX and NBET in my portfolio?

With a correlation of 0.92, EIPX and NBET move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EIPX or NBET?

NBET has higher volatility (4.82%) compared to EIPX (3.90%). In terms of maximum drawdown, EIPX dropped -15.43% vs NBET's -18.72%.

Which ETF is better, EIPX or NBET?

On 3-year performance, EIPX leads with 20.82% vs 20.01% for NBET. On fees, NBET is cheaper at 0.65% per year. On volatility, EIPX has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EIPX or NBET?

Over the 3-year period, EIPX has performed better with a 20.82% return vs 20.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EIPX or NBET?

NBET is cheaper with a 0.65% expense ratio, compared with 0.95% for EIPX.

Which ETF pays a higher dividend yield, EIPX or NBET?

EIPX has the higher dividend yield at 3.48%, compared with 2.47% for NBET.

What is the main difference between EIPX and NBET?

They also come from different issuers: First Trust and Neuberger Berman. Their fees differ too: 0.95% for EIPX and 0.65% for NBET.

Which has better risk-adjusted returns?

EIPX currently has the higher Sharpe Ratio (2.52 vs 1.68), 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.