NBCM vs. NEMD

Last updated Apr 1, 2026

Compare and contrast key facts about Neuberger Berman Commodity Strategy ETF (NBCM) and Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD).

NBCM and NEMD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NBCM is an actively managed fund by Neuberger Berman. It was launched on Aug 27, 2012. NEMD is an actively managed fund by Neuberger Berman. It was launched on Sep 27, 2013.

Performance

NBCM vs. NEMD - Performance Comparison

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

NBCM vs. NEMD - Yearly Performance Comparison

	2026 (YTD)	2025
NBCM Neuberger Berman Commodity Strategy ETF	23.89%	10.29%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	-0.36%	7.07%

Returns By Period

In the year-to-date period, NBCM achieves a 23.89% return, which is significantly higher than NEMD's -0.36% return.

NBCM

• 1D: -0.29%
• 1M: 11.18%
• YTD: 23.89%
• 6M: 29.39%
• 1Y: 34.41%
• 3Y*: 14.43%
• 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)

NBCM vs. NEMD - Expense Ratio Comparison

NBCM has a 0.66% expense ratio, which is higher than NEMD's 0.60% expense ratio.

NBCM

Neuberger Berman Commodity Strategy ETF

NEMD

Neuberger Berman Emerging Markets Debt Hard Currency ETF

Return for Risk

NBCM vs. NEMD — Risk / Return Rank

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

NBCM

NBCM Risk / Return Rank: 88
NBCM Sharpe Ratio Rank: 88
NBCM Sortino Ratio Rank: 87
NBCM Omega Ratio Rank: 86
NBCM Calmar Ratio Rank: 92
NBCM Martin Ratio Rank: 87

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. NEMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Commodity Strategy ETF (NBCM) 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.

	NBCM	NEMD	Difference
Sharpe ratio Return per unit of total volatility	1.86	—	—
Sortino ratio Return per unit of downside risk	2.38	—	—
Omega ratio Gain probability vs. loss probability	1.34	—	—
Calmar ratio Return relative to maximum drawdown	3.30	—	—
Martin ratio Return relative to average drawdown	10.71	—	—
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

	NBCM	NEMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	1.71	-0.82

Correlation

The correlation between NBCM and NEMD is -0.12. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

NBCM vs. NEMD - Dividend Comparison

NBCM's dividend yield for the trailing twelve months is around 6.83%, more than NEMD's 3.88% yield.

	TTM	2025	2024	2023	2022
NBCM Neuberger Berman Commodity Strategy ETF	6.83%	8.46%	5.22%	4.37%	0.80%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	3.88%	2.39%	0.00%	0.00%	0.00%

Drawdowns

NBCM vs. NEMD - Drawdown Comparison

The maximum NBCM drawdown since its inception was -12.84%, which is greater than NEMD's maximum drawdown of -4.43%. Use the drawdown chart below to compare losses from any high point for NBCM and NEMD.

Drawdown Indicators

	NBCM	NEMD	Difference
Max Drawdown Largest peak-to-trough decline	-12.84%	-4.43%	-8.41%
Max Drawdown (1Y) Largest decline over 1 year	-10.76%	—	—
Current Drawdown Current decline from peak	-1.44%	-3.35%	+1.91%
Average Drawdown Average peak-to-trough decline	-4.30%	-0.49%	-3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.31%	—	—

Volatility

Volatility by Period

	NBCM	NEMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.57%	6.30%	+12.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.91%	6.30%	+8.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.91%	6.30%	+8.61%