FTXN vs. NBET

Last updated Jun 24, 2026

FTXN (First Trust Nasdaq Oil & Gas ETF) and NBET (Neuberger Berman Energy Transition & Infrastructure ETF) are both Energy Equities funds. FTXN is passively managed, while NBET is actively managed. Over the past 3 years, FTXN returned 13.55%/yr vs 19.86%/yr for NBET. A 0.58 correlation means they provide meaningful diversification when combined. FTXN charges 0.60%/yr vs 0.65%/yr for NBET.

Performance

FTXN vs. NBET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq Oil & Gas ETF (FTXN) and Neuberger Berman Energy Transition & Infrastructure ETF (NBET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTXN achieves a 23.36% return, which is significantly higher than NBET's 20.80% return.

FTXN

• 1D: 0.53%
• 1M: -8.34%
• YTD: 23.36%
• 6M: 24.04%
• 1Y: 26.63%
• 3Y*: 13.55%
• 5Y*: 15.78%
• 10Y*: —

NBET

• 1D: 0.19%
• 1M: -5.87%
• YTD: 20.80%
• 6M: 20.90%
• 1Y: 23.09%
• 3Y*: 19.86%
• 5Y*: —
• 10Y*: —

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

FTXN vs. NBET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FTXN First Trust Nasdaq Oil & Gas ETF	23.36%	-0.17%	4.06%	4.91%	7.87%
NBET Neuberger Berman Energy Transition & Infrastructure ETF	20.80%	5.87%	30.30%	7.48%	-6.07%

Correlation

The correlation between FTXN and NBET is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Apr 7, 2022	0.58

Over the past year, FTXN and NBET have become more correlated (0.83) than their long-term average of 0.58, meaning their price movements have been converging.

FTXN vs. NBET - Sectors Allocation Comparison

Sectors	FTXN	NBET
Energy	100.0%	88.7%
Basic Materials	-	0.9%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	2.3%
Real Estate	-	-
Technology	-	-
Utilities	-	9.0%

Return for Risk

FTXN vs. NBET — Risk / Return Rank

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

FTXN

FTXN Risk / Return Rank: 33
FTXN Sharpe Ratio Rank: 34
FTXN Sortino Ratio Rank: 32
FTXN Omega Ratio Rank: 30
FTXN Calmar Ratio Rank: 36
FTXN Martin Ratio Rank: 34

NBET

NBET Risk / Return Rank: 51
NBET Sharpe Ratio Rank: 50
NBET Sortino Ratio Rank: 47
NBET Omega Ratio Rank: 44
NBET Calmar Ratio Rank: 64
NBET Martin Ratio Rank: 50

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.

FTXN vs. NBET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Oil & Gas ETF (FTXN) 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.

	FTXN	NBET	Difference
Sharpe ratio: Return per unit of total volatility	1.15	1.59	-0.43
Sortino ratio: Return per unit of downside risk	1.62	2.15	-0.54
Omega ratio: Gain probability vs. loss probability	1.20	1.26	-0.07
Calmar ratio: Return relative to maximum drawdown	1.70	2.90	-1.20
Martin ratio: Return relative to average drawdown	4.89	7.90	-3.01

FTXN vs. NBET - Sharpe Ratio Comparison

The current FTXN Sharpe Ratio is 1.15, which is comparable to the NBET Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of FTXN 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

FTXN vs. NBET - Drawdown Comparison

The maximum FTXN drawdown since its inception was -73.49%, which is greater than NBET's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for FTXN and NBET.

Drawdown Indicators

	FTXN	NBET	Difference
Max Drawdown Largest peak-to-trough decline	-73.49%	-18.72%	-54.77%
Max Drawdown (1Y) Largest decline over 1 year	-15.74%	-8.00%	-7.74%
Max Drawdown (3Y) Largest decline over 3 years	-26.96%	-18.72%	-8.24%
Max Drawdown (5Y) Largest decline over 5 years	-29.97%	—	—
Current Drawdown Current decline from peak	-13.90%	-6.98%	-6.92%
Average Drawdown Average peak-to-trough decline	-19.19%	-5.07%	-14.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.46%	2.93%	+2.53%

Volatility

FTXN vs. NBET - Volatility Comparison

First Trust Nasdaq Oil & Gas ETF (FTXN) has a higher volatility of 7.94% compared to Neuberger Berman Energy Transition & Infrastructure ETF (NBET) at 4.77%. This indicates that FTXN'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.

Volatility by Period

	FTXN	NBET	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.94%	4.77%	+3.17%
Volatility (6M) Calculated over the trailing 6-month period	18.16%	11.00%	+7.16%
Volatility (1Y) Calculated over the trailing 1-year period	23.41%	14.66%	+8.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.67%	19.48%	+10.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.78%	19.48%	+12.30%

FTXN vs. NBET - Expense Ratio Comparison

FTXN has a 0.60% expense ratio, which is lower than NBET's 0.65% expense ratio.

Dividends

FTXN vs. NBET - Dividend Comparison

FTXN's dividend yield for the trailing twelve months is around 2.20%, more than NBET's 1.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FTXN First Trust Nasdaq Oil & Gas ETF	2.20%	2.83%	2.51%	3.41%	2.26%	1.04%	1.76%	2.72%	2.16%	1.78%	0.20%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTXN and NBET in my portfolio?

FTXN and NBET have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTXN or NBET?

FTXN has higher volatility (7.94%) compared to NBET (4.77%). In terms of maximum drawdown, FTXN dropped -73.49% vs NBET's -18.72%.

Which ETF is better, FTXN or NBET?

On 3-year performance, NBET leads with 19.86% vs 13.55% for FTXN. On fees, FTXN is cheaper at 0.60% 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.

Which ETF has performed better, FTXN or NBET?

Over the 3-year period, NBET has performed better with a 19.86% return vs 13.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTXN or NBET?

FTXN is cheaper with a 0.60% expense ratio, compared with 0.65% for NBET.

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

FTXN has the higher dividend yield at 2.20%, compared with 1.71% for NBET.

What is the main difference between FTXN and NBET?

They also come from different issuers: First Trust and Neuberger Berman. Their fees differ too: 0.60% for FTXN and 0.65% for NBET.

Which has better risk-adjusted returns?

NBET currently has the higher Sharpe Ratio (1.59 vs 1.15), 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.