NBCM vs. BOBP

Last updated Jun 5, 2026

NBCM (Neuberger Berman Commodity Strategy ETF) and BOBP (CORE16 Best of Breed Premier Index ETF) are both exchange-traded funds - NBCM is a Commodities fund actively managed by Neuberger Berman, while BOBP is a Large Cap Blend Equities fund tracking the CORE16 Best of Breed Premier Index. NBCM is actively managed, while BOBP is passively managed. Over the past year, NBCM returned 43.15% vs 33.95% for BOBP. At a correlation of -0.01, they often move in opposite directions. NBCM charges 0.66%/yr vs 0.70%/yr for BOBP.

Performance

NBCM vs. BOBP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Commodity Strategy ETF (NBCM) and CORE16 Best of Breed Premier Index ETF (BOBP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBCM achieves a 28.62% return, which is significantly higher than BOBP's 23.96% return.

NBCM

• 1D: -0.95%
• 1M: -2.98%
• YTD: 28.62%
• 6M: 28.05%
• 1Y: 43.15%
• 3Y*: 18.06%
• 5Y*: —
• 10Y*: —

BOBP

• 1D: -0.81%
• 1M: 6.01%
• YTD: 23.96%
• 6M: 23.09%
• 1Y: 33.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBCM vs. BOBP - Yearly Performance Comparison

	2026 (YTD)	2025
NBCM Neuberger Berman Commodity Strategy ETF	28.62%	11.19%
BOBP CORE16 Best of Breed Premier Index ETF	23.96%	8.50%

Correlation

The correlation between NBCM and BOBP is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (All Time) Calculated using the full available price history since May 22, 2025	-0.01

Return for Risk

NBCM vs. BOBP — Risk / Return Rank

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

NBCM

NBCM Risk / Return Rank: 77
NBCM Sharpe Ratio Rank: 78
NBCM Sortino Ratio Rank: 68
NBCM Omega Ratio Rank: 76
NBCM Calmar Ratio Rank: 84
NBCM Martin Ratio Rank: 81

BOBP

BOBP Risk / Return Rank: 56
BOBP Sharpe Ratio Rank: 55
BOBP Sortino Ratio Rank: 54
BOBP Omega Ratio Rank: 56
BOBP Calmar Ratio Rank: 54
BOBP Martin Ratio Rank: 64

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.

NBCM vs. BOBP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Commodity Strategy ETF (NBCM) and CORE16 Best of Breed Premier Index ETF (BOBP). 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	BOBP	Difference
Sharpe ratio: Return per unit of total volatility	2.49	1.85	+0.64
Sortino ratio: Return per unit of downside risk	3.07	2.54	+0.53
Omega ratio: Gain probability vs. loss probability	1.44	1.34	+0.10
Calmar ratio: Return relative to maximum drawdown	4.47	2.61	+1.86
Martin ratio: Return relative to average drawdown	15.96	11.56	+4.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NBCM vs. BOBP - Sharpe Ratio Comparison

The current NBCM Sharpe Ratio is 2.49, which is higher than the BOBP Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of NBCM and BOBP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NBCM	BOBP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	1.85	+0.64
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	1.83	-0.91

Drawdowns

NBCM vs. BOBP - Drawdown Comparison

The maximum NBCM drawdown since its inception was -12.84%, roughly equal to the maximum BOBP drawdown of -13.06%. Use the drawdown chart below to compare losses from any high point for NBCM and BOBP.

Drawdown Indicators

	NBCM	BOBP	Difference
Max Drawdown Largest peak-to-trough decline	-12.84%	-13.06%	+0.22%
Max Drawdown (1Y) Largest decline over 1 year	-9.70%	-13.06%	+3.36%
Max Drawdown (3Y) Largest decline over 3 years	-11.47%	—	—
Current Drawdown Current decline from peak	-5.39%	-0.81%	-4.58%
Average Drawdown Average peak-to-trough decline	-4.18%	-1.63%	-2.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	2.95%	-0.24%

Volatility

NBCM vs. BOBP - Volatility Comparison

The current volatility for Neuberger Berman Commodity Strategy ETF (NBCM) is 5.03%, while CORE16 Best of Breed Premier Index ETF (BOBP) has a volatility of 6.99%. This indicates that NBCM experiences smaller price fluctuations and is considered to be less risky than BOBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBCM	BOBP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.03%	6.99%	-1.96%
Volatility (6M) Calculated over the trailing 6-month period	15.49%	16.34%	-0.85%
Volatility (1Y) Calculated over the trailing 1-year period	17.43%	18.48%	-1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.94%	18.26%	-3.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.94%	18.26%	-3.32%

NBCM vs. BOBP - Expense Ratio Comparison

NBCM has a 0.66% expense ratio, which is lower than BOBP's 0.70% expense ratio.

Dividends

NBCM vs. BOBP - Dividend Comparison

NBCM's dividend yield for the trailing twelve months is around 6.57%, more than BOBP's 2.67% yield.

Position	TTM	2025	2024	2023	2022
BOBP CORE16 Best of Breed Premier Index ETF	2.67%	3.31%	0.00%	0.00%	0.00%
NBCM Neuberger Berman Commodity Strategy ETF	6.57%	8.46%	5.22%	4.37%	0.80%

Frequently Asked Questions

Can I hold both NBCM and BOBP in my portfolio?

NBCM and BOBP have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NBCM or BOBP?

BOBP has higher volatility (6.99%) compared to NBCM (5.03%). In terms of maximum drawdown, NBCM dropped -12.84% vs BOBP's -13.06%.

Which ETF is better, NBCM or BOBP?

On 1-year performance, NBCM leads with 43.15% vs 33.95% for BOBP. On fees, NBCM is cheaper at 0.66% per year. On volatility, NBCM has been the lower-risk option at 5.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NBCM or BOBP?

Over the 1-year period, NBCM has performed better with a 43.15% return vs 33.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NBCM or BOBP?

NBCM is cheaper with a 0.66% expense ratio, compared with 0.70% for BOBP.

Which ETF pays a higher dividend yield, NBCM or BOBP?

NBCM has the higher dividend yield at 6.57%, compared with 2.67% for BOBP.

What is the main difference between NBCM and BOBP?

NBCM is categorized as Commodities, while BOBP is Large Cap Blend Equities. They also come from different issuers: Neuberger Berman and Exchange Traded Concepts. Their fees differ too: 0.66% for NBCM and 0.70% for BOBP.

Which has better risk-adjusted returns?

NBCM currently has the higher Sharpe Ratio (2.49 vs 1.85), 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.