NBCE vs. NEMD

Last updated Apr 1, 2026

Compare and contrast key facts about Neuberger Berman China Equity ETF (NBCE) and Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD).

NBCE and NEMD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NBCE is an actively managed fund by Neuberger Berman. It was launched on Oct 13, 2023. NEMD is an actively managed fund by Neuberger Berman. It was launched on Sep 27, 2013.

Performance

NBCE vs. NEMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman China Equity ETF (NBCE) and Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD). The values are adjusted to include any dividend payments, if applicable.

NBCE vs. NEMD - Yearly Performance Comparison

	2026 (YTD)	2025
NBCE Neuberger Berman China Equity ETF	3.33%	20.75%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	-0.36%	7.07%

Returns By Period

In the year-to-date period, NBCE achieves a 3.33% return, which is significantly higher than NEMD's -0.36% return.

NBCE

• 1D: 0.92%
• 1M: -6.23%
• YTD: 3.33%
• 6M: 4.66%
• 1Y: 32.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NEMD

• 1D: 1.13%
• 1M: -3.18%
• YTD: -0.36%
• 6M: 3.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBCE vs. NEMD - Expense Ratio Comparison

NBCE has a 0.74% expense ratio, which is higher than NEMD's 0.60% expense ratio.

NBCE

Neuberger Berman China Equity ETF

NEMD

Neuberger Berman Emerging Markets Debt Hard Currency ETF

Return for Risk

NBCE vs. NEMD — Risk / Return Rank

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

NBCE

NBCE Risk / Return Rank: 82
NBCE Sharpe Ratio Rank: 82
NBCE Sortino Ratio Rank: 79
NBCE Omega Ratio Rank: 80
NBCE Calmar Ratio Rank: 82
NBCE Martin Ratio Rank: 86

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. NEMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman China Equity ETF (NBCE) and Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD). 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	NEMD	Difference
Sharpe ratio Return per unit of total volatility	1.60	—	—
Sortino ratio Return per unit of downside risk	2.07	—	—
Omega ratio Gain probability vs. loss probability	1.31	—	—
Calmar ratio Return relative to maximum drawdown	2.40	—	—
Martin ratio Return relative to average drawdown	10.50	—	—
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	NEMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	1.71	-1.03

Correlation

The correlation between NBCE and NEMD is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NBCE vs. NEMD - Dividend Comparison

NBCE's dividend yield for the trailing twelve months is around 1.28%, less than NEMD's 3.88% yield.

	TTM	2025	2024
NBCE Neuberger Berman China Equity ETF	1.28%	1.32%	1.20%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	3.88%	2.39%	0.00%

Drawdowns

NBCE vs. NEMD - Drawdown Comparison

The maximum NBCE drawdown since its inception was -28.42%, which is greater than NEMD's maximum drawdown of -4.43%. Use the drawdown chart below to compare losses from any high point for NBCE and NEMD.

Drawdown Indicators

	NBCE	NEMD	Difference
Max Drawdown Largest peak-to-trough decline	-28.42%	-4.43%	-23.99%
Max Drawdown (1Y) Largest decline over 1 year	-13.27%	—	—
Current Drawdown Current decline from peak	-7.12%	-3.35%	-3.77%
Average Drawdown Average peak-to-trough decline	-9.67%	-0.49%	-9.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	—	—

Volatility

Volatility by Period

	NBCE	NEMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.37%	6.30%	+14.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.20%	6.30%	+17.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.20%	6.30%	+17.90%