NBCR vs. CVSE

Last updated Jun 5, 2026

NBCR (Neuberger Core Equity ETF) and CVSE (Calvert US Select Equity ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, NBCR returned 23.29% vs 8.08% for CVSE. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.29% expense ratio.

Performance

NBCR vs. CVSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Core Equity ETF (NBCR) and Calvert US Select Equity ETF (CVSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NBCR

• 1D: 0.83%
• 1M: 3.58%
• YTD: 7.55%
• 6M: 7.45%
• 1Y: 23.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CVSE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 8.08%
• 3Y*: 13.49%
• 5Y*: —
• 10Y*: —

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

NBCR vs. CVSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NBCR Neuberger Core Equity ETF	7.55%	18.69%	6.82%
CVSE Calvert US Select Equity ETF	0.00%	10.14%	5.73%

Correlation

The correlation between NBCR and CVSE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Aug 2, 2024	0.74

Over the past year, the correlation between NBCR and CVSE has dropped to 0.44 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

Return for Risk

NBCR vs. CVSE — Risk / Return Rank

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

NBCR

NBCR Risk / Return Rank: 58
NBCR Sharpe Ratio Rank: 61
NBCR Sortino Ratio Rank: 62
NBCR Omega Ratio Rank: 62
NBCR Calmar Ratio Rank: 47
NBCR Martin Ratio Rank: 56

CVSE

CVSE Risk / Return Rank: 47
CVSE Sharpe Ratio Rank: 37
CVSE Sortino Ratio Rank: 37
CVSE Omega Ratio Rank: 68
CVSE Calmar Ratio Rank: 55
CVSE Martin Ratio Rank: 37

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.

NBCR vs. CVSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Core Equity ETF (NBCR) and Calvert US Select Equity ETF (CVSE). 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.

	NBCR	CVSE	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.28	+0.75
Sortino ratio: Return per unit of downside risk	2.87	1.90	+0.97
Omega ratio: Gain probability vs. loss probability	1.37	1.40	-0.03
Calmar ratio: Return relative to maximum drawdown	2.26	2.67	-0.41
Martin ratio: Return relative to average drawdown	9.69	5.72	+3.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NBCR vs. CVSE - Sharpe Ratio Comparison

The current NBCR Sharpe Ratio is 2.03, which is higher than the CVSE Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of NBCR and CVSE, 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

	NBCR	CVSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	1.28	+0.75
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	0.92	+0.19

Drawdowns

NBCR vs. CVSE - Drawdown Comparison

The maximum NBCR drawdown since its inception was -18.23%, smaller than the maximum CVSE drawdown of -20.29%. Use the drawdown chart below to compare losses from any high point for NBCR and CVSE.

Drawdown Indicators

	NBCR	CVSE	Difference
Max Drawdown Largest peak-to-trough decline	-18.23%	-20.29%	+2.06%
Max Drawdown (1Y) Largest decline over 1 year	-10.35%	-3.08%	-7.27%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.29%	—
Current Drawdown Current decline from peak	-0.09%	-1.68%	+1.59%
Average Drawdown Average peak-to-trough decline	-2.22%	-2.69%	+0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	1.43%	+0.98%

Volatility

NBCR vs. CVSE - Volatility Comparison

Neuberger Core Equity ETF (NBCR) has a higher volatility of 2.91% compared to Calvert US Select Equity ETF (CVSE) at 0.00%. This indicates that NBCR's price experiences larger fluctuations and is considered to be riskier than CVSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBCR	CVSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	0.00%	+2.91%
Volatility (6M) Calculated over the trailing 6-month period	8.83%	0.00%	+8.83%
Volatility (1Y) Calculated over the trailing 1-year period	11.51%	6.42%	+5.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.67%	13.86%	+2.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.67%	13.86%	+2.81%

NBCR vs. CVSE - Expense Ratio Comparison

Both NBCR and CVSE have an expense ratio of 0.29%.

Dividends

NBCR vs. CVSE - Dividend Comparison

NBCR's dividend yield for the trailing twelve months is around 0.42%, less than CVSE's 0.59% yield.

Position	TTM	2025	2024	2023
CVSE Calvert US Select Equity ETF	0.59%	0.81%	1.05%	1.22%
NBCR Neuberger Core Equity ETF	0.42%	0.45%	0.47%	0.00%

Frequently Asked Questions

Can I hold both NBCR and CVSE in my portfolio?

NBCR and CVSE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NBCR or CVSE?

NBCR has higher volatility (2.91%) compared to CVSE (0.00%). In terms of maximum drawdown, NBCR dropped -18.23% vs CVSE's -20.29%.

Which ETF is better, NBCR or CVSE?

On 1-year performance, NBCR leads with 23.29% vs 8.08% for CVSE. Both ETFs have the same 0.29% expense ratio. On volatility, CVSE has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NBCR or CVSE?

Over the 1-year period, NBCR has performed better with a 23.29% return vs 8.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NBCR or CVSE?

NBCR and CVSE have the same expense ratio: 0.29% per year.

Which ETF pays a higher dividend yield, NBCR or CVSE?

CVSE has the higher dividend yield at 0.59%, compared with 0.42% for NBCR.

What is the main difference between NBCR and CVSE?

They also come from different issuers: Neuberger and Calvert.

Which has better risk-adjusted returns?

NBCR currently has the higher Sharpe Ratio (2.03 vs 1.28), 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.