NBCM vs. ABHY
NBCM (Neuberger Berman Commodity Strategy ETF) and ABHY (Abacus Tactical High Yield ETF) are both exchange-traded funds - NBCM is a Commodities fund actively managed by Neuberger Berman, while ABHY is a Nontraditional Bonds fund actively managed by Abacus. Both are actively managed. Over the past 3 years, NBCM returned 18.06%/yr vs 6.44%/yr for ABHY. At a 0.13 correlation, their price movements are largely independent. NBCM charges 0.66%/yr vs 0.63%/yr for ABHY.
Performance
NBCM vs. ABHY - Performance Comparison
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Returns By Period
In the year-to-date period, NBCM achieves a 28.62% return, which is significantly higher than ABHY's 0.31% return.
NBCM
- 1D
- -0.95%
- 1M
- -2.98%
- YTD
- 28.62%
- 6M
- 28.05%
- 1Y
- 43.15%
- 3Y*
- 18.06%
- 5Y*
- —
- 10Y*
- —
ABHY
- 1D
- 0.12%
- 1M
- 0.26%
- YTD
- 0.31%
- 6M
- 0.65%
- 1Y
- 5.21%
- 3Y*
- 6.44%
- 5Y*
- 1.14%
- 10Y*
- —
NBCM vs. ABHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NBCM Neuberger Berman Commodity Strategy ETF | 28.62% | 17.45% | 6.55% | -6.41% | 5.23% |
ABHY Abacus Tactical High Yield ETF | 0.31% | 8.73% | 4.69% | 7.79% | 0.64% |
Correlation
The correlation between NBCM and ABHY is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2022 | 0.13 |
The correlation between NBCM and ABHY shifts across timeframes, from -0.16 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NBCM vs. ABHY — Risk / Return Rank
NBCM
ABHY
NBCM vs. ABHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Commodity Strategy ETF (NBCM) and Abacus Tactical High Yield ETF (ABHY). 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.
| NBCM | ABHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.28 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.47 | 1.52 | +2.95 |
| Martin ratioReturn relative to average drawdown | 15.96 | 5.13 | +10.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NBCM | ABHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 1.51 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.20 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.25 | +0.67 |
Drawdowns
NBCM vs. ABHY - Drawdown Comparison
The maximum NBCM drawdown since its inception was -12.84%, smaller than the maximum ABHY drawdown of -16.96%. Use the drawdown chart below to compare losses from any high point for NBCM and ABHY.
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Drawdown Indicators
| NBCM | ABHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.84% | -16.96% | +4.12% |
Max Drawdown (1Y)Largest decline over 1 year | -9.70% | -3.43% | -6.27% |
Max Drawdown (3Y)Largest decline over 3 years | -11.47% | -3.81% | -7.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.96% | — |
Current DrawdownCurrent decline from peak | -5.39% | -1.49% | -3.90% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -5.73% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 1.02% | +1.69% |
Volatility
NBCM vs. ABHY - Volatility Comparison
Neuberger Berman Commodity Strategy ETF (NBCM) has a higher volatility of 5.03% compared to Abacus Tactical High Yield ETF (ABHY) at 0.97%. This indicates that NBCM's price experiences larger fluctuations and is considered to be riskier than ABHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NBCM | ABHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 0.97% | +4.06% |
Volatility (6M)Calculated over the trailing 6-month period | 15.49% | 2.74% | +12.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.43% | 3.47% | +13.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.94% | 5.59% | +9.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.94% | 5.44% | +9.50% |
NBCM vs. ABHY - Expense Ratio Comparison
NBCM has a 0.66% expense ratio, which is higher than ABHY's 0.63% expense ratio.
Dividends
NBCM vs. ABHY - Dividend Comparison
NBCM's dividend yield for the trailing twelve months is around 6.57%, more than ABHY's 5.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ABHY Abacus Tactical High Yield ETF | 5.19% | 5.50% | 15.35% | 4.79% | 3.18% | 3.40% | 0.37% |
NBCM Neuberger Berman Commodity Strategy ETF | 6.57% | 8.46% | 5.22% | 4.37% | 0.80% | 0.00% | 0.00% |
Frequently Asked Questions
NBCM and ABHY have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBCM has higher volatility (5.03%) compared to ABHY (0.97%). In terms of maximum drawdown, NBCM dropped -12.84% vs ABHY's -16.96%.
On 3-year performance, NBCM leads with 18.06% vs 6.44% for ABHY. On fees, ABHY is cheaper at 0.63% per year. On volatility, ABHY has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NBCM has performed better with a 18.06% return vs 6.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ABHY is cheaper with a 0.63% expense ratio, compared with 0.66% for NBCM.
NBCM has the higher dividend yield at 6.57%, compared with 5.19% for ABHY.
NBCM is categorized as Commodities, while ABHY is Nontraditional Bonds. They also come from different issuers: Neuberger Berman and Abacus. Their fees differ too: 0.66% for NBCM and 0.63% for ABHY.
NBCM currently has the higher Sharpe Ratio (2.49 vs 1.51), 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.
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