NBCM vs. NEMD
NBCM (Neuberger Berman Commodity Strategy ETF) and NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) are both exchange-traded funds - NBCM is a Commodities fund actively managed by Neuberger Berman, while NEMD is a Emerging Markets Bonds fund actively managed by Neuberger Berman. Both are actively managed. At a correlation of -0.20, they often move in opposite directions. NBCM charges 0.66%/yr vs 0.60%/yr for NEMD.
Performance
NBCM vs. NEMD - 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 NEMD's 4.12% return.
NBCM
- 1D
- -0.95%
- 1M
- -2.98%
- YTD
- 28.62%
- 6M
- 28.05%
- 1Y
- 43.15%
- 3Y*
- 18.06%
- 5Y*
- —
- 10Y*
- —
NEMD
- 1D
- 0.35%
- 1M
- 1.38%
- YTD
- 4.12%
- 6M
- 4.49%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NBCM vs. NEMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NBCM Neuberger Berman Commodity Strategy ETF | 28.62% | 10.29% |
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 4.12% | 7.07% |
Correlation
The correlation between NBCM and NEMD is -0.20, 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 (All Time) Calculated using the full available price history since Aug 12, 2025 | -0.20 |
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Return for Risk
NBCM vs. NEMD — Risk / Return Rank
NBCM
NEMD
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.44 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.47 | — | — |
| Martin ratioReturn relative to average drawdown | 15.96 | — | — |
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 | NEMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 2.20 | -1.29 |
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.
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Drawdown Indicators
| NBCM | NEMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.84% | -4.43% | -8.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.70% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.47% | — | — |
Current DrawdownCurrent decline from peak | -5.39% | -0.04% | -5.35% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -0.57% | -3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | — | — |
Volatility
NBCM vs. NEMD - Volatility Comparison
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Volatility by Period
| NBCM | NEMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.49% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.43% | 6.51% | +10.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.94% | 6.51% | +8.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.94% | 6.51% | +8.43% |
NBCM vs. NEMD - Expense Ratio Comparison
NBCM has a 0.66% expense ratio, which is higher than NEMD's 0.60% expense ratio.
Dividends
NBCM vs. NEMD - Dividend Comparison
NBCM's dividend yield for the trailing twelve months is around 6.57%, more than NEMD's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
NBCM Neuberger Berman Commodity Strategy ETF | 6.57% | 8.46% | 5.22% | 4.37% | 0.80% |
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 4.71% | 2.39% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NBCM and NEMD have a correlation of -0.20, 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 0.66% for NBCM.
NBCM has the higher dividend yield at 6.57%, compared with 4.71% for NEMD.
NBCM is categorized as Commodities, while NEMD is Emerging Markets Bonds. Their fees differ too: 0.66% for NBCM and 0.60% for NEMD.
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