NBCM vs. IVEP

Last updated Jun 25, 2026

NBCM (Neuberger Berman Commodity Strategy ETF) and IVEP (Dan IVES Wedbush AI Power & Infrastructure ETF) are both exchange-traded funds - NBCM is a Commodities fund actively managed by Neuberger Berman, while IVEP is a Industrials Equities fund tracking the Solactive Wedbush AI Power & Infrastructure Index. NBCM is actively managed, while IVEP is passively managed. At a correlation of -0.07, they often move in opposite directions. NBCM charges 0.66%/yr vs 0.75%/yr for IVEP.

Performance

NBCM vs. IVEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Commodity Strategy ETF (NBCM) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NBCM

• 1D: -1.98%
• 1M: -11.36%
• YTD: 15.85%
• 6M: 13.71%
• 1Y: 27.61%
• 3Y*: 13.30%
• 5Y*: —
• 10Y*: —

IVEP

• 1D: 0.14%
• 1M: -0.97%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBCM vs. IVEP - Yearly Performance Comparison

	2026 (YTD)
NBCM Neuberger Berman Commodity Strategy ETF	-7.48%
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	7.21%

Correlation

The correlation between NBCM and IVEP is -0.07, 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 (All Time) Calculated using the full available price history since Apr 8, 2026	-0.07

Return for Risk

NBCM vs. IVEP — Risk / Return Rank

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

NBCM

NBCM Risk / Return Rank: 48
NBCM Sharpe Ratio Rank: 52
NBCM Sortino Ratio Rank: 47
NBCM Omega Ratio Rank: 50
NBCM Calmar Ratio Rank: 41
NBCM Martin Ratio Rank: 52

IVEP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. IVEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Commodity Strategy ETF (NBCM) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). 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.

	NBCM	IVEP	Difference
Sharpe ratio: Return per unit of total volatility	1.57	—	—
Sortino ratio: Return per unit of downside risk	2.07	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	1.88	—	—
Martin ratio: Return relative to average drawdown	7.95	—	—

Drawdowns

NBCM vs. IVEP - Drawdown Comparison

The maximum NBCM drawdown since its inception was -14.78%, which is greater than IVEP's maximum drawdown of -10.90%. Use the drawdown chart below to compare losses from any high point for NBCM and IVEP.

Drawdown Indicators

	NBCM	IVEP	Difference
Max Drawdown Largest peak-to-trough decline	-14.78%	-10.90%	-3.88%
Max Drawdown (1Y) Largest decline over 1 year	-14.78%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.78%	—	—
Current Drawdown Current decline from peak	-14.78%	-3.97%	-10.81%
Average Drawdown Average peak-to-trough decline	-4.26%	-2.80%	-1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	—	—

Volatility

Volatility by Period

	NBCM	IVEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.74%	29.06%	-11.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.97%	29.06%	-14.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.97%	29.06%	-14.09%

NBCM vs. IVEP - Expense Ratio Comparison

NBCM has a 0.66% expense ratio, which is lower than IVEP's 0.75% expense ratio.

Dividends

NBCM vs. IVEP - Dividend Comparison

NBCM's dividend yield for the trailing twelve months is around 7.30%, while IVEP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	0.00%	0.00%	0.00%	0.00%	0.00%
NBCM Neuberger Berman Commodity Strategy ETF	7.30%	8.46%	5.22%	4.37%	0.80%

Frequently Asked Questions

Can I hold both NBCM and IVEP in my portfolio?

NBCM and IVEP have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBCM or IVEP?

On fees, NBCM is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NBCM or IVEP?

NBCM is cheaper with a 0.66% expense ratio, compared with 0.75% for IVEP.

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

NBCM has the higher dividend yield at 7.30%, compared with 0.00% for IVEP.

What is the main difference between NBCM and IVEP?

NBCM is categorized as Commodities, while IVEP is Industrials Equities. They also come from different issuers: Neuberger Berman and Wedbush. Their fees differ too: 0.66% for NBCM and 0.75% for IVEP.