NBCE vs. NEMD
NBCE (Neuberger Berman China Equity ETF) and NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) are both exchange-traded funds - NBCE is a China Equities fund actively managed by Neuberger Berman, while NEMD is a Emerging Markets Bonds fund actively managed by Neuberger Berman. Both are actively managed. Their 0.33 correlation means their historical movements had little consistent relationship. NBCE charges 0.74%/yr vs 0.60%/yr for NEMD.
Performance
NBCE vs. NEMD - Performance Comparison
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Returns By Period
In the year-to-date period, NBCE achieves a 14.31% return, which is significantly higher than NEMD's 3.92% return.
NBCE
- 1D
- -1.21%
- 1M
- -10.16%
- 6M
- 9.48%
- YTD
- 14.31%
- 1Y
- 41.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.47%
NEMD
- 1D
- 0.43%
- 1M
- -0.61%
- 6M
- 2.30%
- YTD
- 3.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $51.90K | $60.15K | $41.04K | |
| $354.35K | $398.43K | $580.02K |
NBCE vs. NEMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NBCE Neuberger Berman China Equity ETF | 14.31% | 20.57% |
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 3.92% | 7.10% |
Correlation
The correlation between NBCE and NEMD is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 11, 2025 | 0.33 |
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Return for Risk
NBCE vs. NEMD — Risk / Return Rank
NBCE
NEMD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| NBCE | NEMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | — | — |
| Martin ratioReturn relative to average drawdown | 8.73 | — | — |
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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.
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Drawdown Indicators
| NBCE | NEMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.42% | -4.43% | -23.99% |
Max Drawdown (1Y)Largest decline over 1 year | -17.60% | — | — |
Current DrawdownCurrent decline from peak | -16.15% | -0.92% | -15.23% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -0.59% | -8.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | — | — |
Volatility
NBCE vs. NEMD - Volatility Comparison
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Volatility by Period
| NBCE | NEMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.43% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 19.58% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.62% | 6.44% | +17.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.02% | 6.44% | +18.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.02% | 6.44% | +18.58% |
NBCE vs. NEMD - Expense Ratio Comparison
NBCE has a 0.74% expense ratio, which is higher than NEMD's 0.60% expense ratio.
Dividends
NBCE vs. NEMD - Dividend Comparison
NBCE's dividend yield for the trailing twelve months is around 1.16%, less than NEMD's 5.79% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NBCE Neuberger Berman China Equity ETF | 1.16% | 1.32% | 1.20% |
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 5.79% | 2.39% | 0.00% |
Frequently Asked Questions
NBCE and NEMD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NEMD is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NEMD is cheaper with a 0.60% expense ratio, compared with 0.74% for NBCE.
NEMD has the higher dividend yield at 5.79%, compared with 1.16% for NBCE.
NBCE is categorized as China Equities, while NEMD is Emerging Markets Bonds. Their fees differ too: 0.74% for NBCE and 0.60% for NEMD.
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