NBCE vs. AFTY

Last updated Jun 4, 2026

NBCE (Neuberger Berman China Equity ETF) and AFTY (Pacer CSOP FTSE China A50 ETF) are both China Equities funds. NBCE is actively managed, while AFTY is passively managed. At a 0.41 correlation, their price movements are largely independent. NBCE charges 0.74%/yr vs 0.70%/yr for AFTY.

Performance

NBCE vs. AFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman China Equity ETF (NBCE) and Pacer CSOP FTSE China A50 ETF (AFTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NBCE

• 1D: 0.49%
• 1M: 8.36%
• YTD: 25.89%
• 6M: 30.43%
• 1Y: 62.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AFTY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBCE vs. AFTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NBCE Neuberger Berman China Equity ETF	25.89%	39.08%	3.35%	-2.22%
AFTY Pacer CSOP FTSE China A50 ETF	0.00%	0.00%	20.48%	-3.73%

Correlation

The correlation between NBCE and AFTY is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 17, 2023	0.41

NBCE vs. AFTY - Sectors Allocation Comparison

Sectors	NBCE	AFTY
Technology	28.7%	7.4%
Industrials	17.3%	4.7%
Financial Services	15.2%	50.4%
Basic Materials	13.7%	15.5%
Consumer Cyclical	7.9%	-
Consumer Defensive	5.5%	6.1%
Healthcare	4.6%	-
Energy	3.5%	11.5%
Utilities	1.7%	4.4%
Communication Services	1.2%	-
Real Estate	0.9%	-

Return for Risk

NBCE vs. AFTY — Risk / Return Rank

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

NBCE

NBCE Risk / Return Rank: 92
NBCE Sharpe Ratio Rank: 92
NBCE Sortino Ratio Rank: 91
NBCE Omega Ratio Rank: 90
NBCE Calmar Ratio Rank: 93
NBCE Martin Ratio Rank: 92

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.

NBCE vs. AFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman China Equity ETF (NBCE) and Pacer CSOP FTSE China A50 ETF (AFTY). 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.

	NBCE	AFTY	Difference
Sharpe ratio: Return per unit of total volatility	3.36	—	—
Sortino ratio: Return per unit of downside risk	4.29	—	—
Omega ratio: Gain probability vs. loss probability	1.58	—	—
Calmar ratio: Return relative to maximum drawdown	6.77	—	—
Martin ratio: Return relative to average drawdown	22.69	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NBCE	AFTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	—	—

Drawdowns

Drawdown Indicators

	NBCE	AFTY	Difference
Max Drawdown Largest peak-to-trough decline	-28.42%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.23%	—	—
Current Drawdown Current decline from peak	-0.48%	—	—
Average Drawdown Average peak-to-trough decline	-9.13%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	—	—

Volatility

Volatility by Period

	NBCE	AFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.59%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.04%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.04%	—	—

NBCE vs. AFTY - Expense Ratio Comparison

NBCE has a 0.74% expense ratio, which is higher than AFTY's 0.70% expense ratio.

Dividends

NBCE vs. AFTY - Dividend Comparison

NBCE's dividend yield for the trailing twelve months is around 1.05%, while AFTY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFTY Pacer CSOP FTSE China A50 ETF	0.00%	0.00%	0.00%	2.23%	2.08%	1.84%	1.48%	7.96%	1.85%	6.62%	1.19%	16.76%
NBCE Neuberger Berman China Equity ETF	1.05%	1.32%	1.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NBCE and AFTY in my portfolio?

NBCE and AFTY have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBCE or AFTY?

On fees, AFTY is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NBCE or AFTY?

AFTY is cheaper with a 0.70% expense ratio, compared with 0.74% for NBCE.

Which ETF pays a higher dividend yield, NBCE or AFTY?

NBCE has the higher dividend yield at 1.05%, compared with 0.00% for AFTY.

What is the main difference between NBCE and AFTY?

They also come from different issuers: Neuberger Berman and Pacer. Their fees differ too: 0.74% for NBCE and 0.70% for AFTY.