NBDS vs. FEPI

Last updated Jun 4, 2026

NBDS (Neuberger Berman Disrupters ETF) and FEPI (REX FANG & Innovation Equity Premium Income ETF) are both Technology Equities funds. Both are actively managed. Over the past year, NBDS returned 33.80% vs 33.15% for FEPI. Their correlation of 0.85 suggests significant overlap in exposure. NBDS charges 0.55%/yr vs 0.65%/yr for FEPI.

Performance

NBDS vs. FEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Disrupters ETF (NBDS) and REX FANG & Innovation Equity Premium Income ETF (FEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBDS achieves a 17.73% return, which is significantly higher than FEPI's 10.42% return.

NBDS

• 1D: -0.69%
• 1M: 16.39%
• YTD: 17.73%
• 6M: 15.50%
• 1Y: 33.80%
• 3Y*: 23.07%
• 5Y*: —
• 10Y*: —

FEPI

• 1D: -0.75%
• 1M: 5.91%
• YTD: 10.42%
• 6M: 11.37%
• 1Y: 33.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBDS vs. FEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NBDS Neuberger Berman Disrupters ETF	17.73%	19.58%	17.97%	12.78%
FEPI REX FANG & Innovation Equity Premium Income ETF	10.42%	18.33%	15.69%	11.70%

Correlation

The correlation between NBDS and FEPI is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Oct 12, 2023	0.85

The correlation between NBDS and FEPI has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.

NBDS vs. FEPI - Sectors Allocation Comparison

Sectors	NBDS	FEPI
Technology	65.4%	62.1%
Healthcare	9.1%	-
Consumer Cyclical	6.5%	13.0%
Industrials	5.8%	-
Financial Services	5.7%	-
Communication Services	4.4%	24.9%
Utilities	3.1%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-

Return for Risk

NBDS vs. FEPI — Risk / Return Rank

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

NBDS

NBDS Risk / Return Rank: 34
NBDS Sharpe Ratio Rank: 39
NBDS Sortino Ratio Rank: 36
NBDS Omega Ratio Rank: 38
NBDS Calmar Ratio Rank: 29
NBDS Martin Ratio Rank: 27

FEPI

FEPI Risk / Return Rank: 54
FEPI Sharpe Ratio Rank: 58
FEPI Sortino Ratio Rank: 54
FEPI Omega Ratio Rank: 58
FEPI Calmar Ratio Rank: 51
FEPI Martin Ratio Rank: 51

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.

NBDS vs. FEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Disrupters ETF (NBDS) and REX FANG & Innovation Equity Premium Income ETF (FEPI). 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.

	NBDS	FEPI	Difference
Sharpe ratio: Return per unit of total volatility	1.38	2.02	-0.63
Sortino ratio: Return per unit of downside risk	1.90	2.67	-0.77
Omega ratio: Gain probability vs. loss probability	1.24	1.36	-0.12
Calmar ratio: Return relative to maximum drawdown	1.42	2.58	-1.16
Martin ratio: Return relative to average drawdown	3.71	8.66	-4.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NBDS vs. FEPI - Sharpe Ratio Comparison

The current NBDS Sharpe Ratio is 1.38, which is lower than the FEPI Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of NBDS and FEPI, 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

	NBDS	FEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	2.02	-0.63
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	1.16	-0.65

Drawdowns

NBDS vs. FEPI - Drawdown Comparison

The maximum NBDS drawdown since its inception was -29.81%, which is greater than FEPI's maximum drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for NBDS and FEPI.

Drawdown Indicators

	NBDS	FEPI	Difference
Max Drawdown Largest peak-to-trough decline	-29.81%	-23.56%	-6.25%
Max Drawdown (1Y) Largest decline over 1 year	-23.96%	-12.91%	-11.05%
Max Drawdown (3Y) Largest decline over 3 years	-28.51%	—	—
Current Drawdown Current decline from peak	-0.69%	-1.45%	+0.76%
Average Drawdown Average peak-to-trough decline	-9.52%	-3.51%	-6.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.13%	3.84%	+5.29%

Volatility

NBDS vs. FEPI - Volatility Comparison

Neuberger Berman Disrupters ETF (NBDS) has a higher volatility of 8.88% compared to REX FANG & Innovation Equity Premium Income ETF (FEPI) at 3.31%. This indicates that NBDS's price experiences larger fluctuations and is considered to be riskier than FEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBDS	FEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.88%	3.31%	+5.57%
Volatility (6M) Calculated over the trailing 6-month period	19.41%	12.58%	+6.83%
Volatility (1Y) Calculated over the trailing 1-year period	24.54%	16.54%	+8.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.64%	19.02%	+8.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.64%	19.02%	+8.62%

NBDS vs. FEPI - Expense Ratio Comparison

NBDS has a 0.55% expense ratio, which is lower than FEPI's 0.65% expense ratio.

Dividends

NBDS vs. FEPI - Dividend Comparison

NBDS's dividend yield for the trailing twelve months is around 0.32%, less than FEPI's 23.92% yield.

Position	TTM	2025	2024	2023
FEPI REX FANG & Innovation Equity Premium Income ETF	23.92%	25.48%	27.18%	4.21%
NBDS Neuberger Berman Disrupters ETF	0.32%	0.38%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NBDS and FEPI in my portfolio?

NBDS and FEPI have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NBDS or FEPI?

NBDS has higher volatility (8.88%) compared to FEPI (3.31%). In terms of maximum drawdown, NBDS dropped -29.81% vs FEPI's -23.56%.

Which ETF is better, NBDS or FEPI?

On 1-year performance, NBDS leads with 33.80% vs 33.15% for FEPI. On fees, NBDS is cheaper at 0.55% per year. On volatility, FEPI has been the lower-risk option at 3.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NBDS or FEPI?

Over the 1-year period, NBDS has performed better with a 33.80% return vs 33.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NBDS or FEPI?

NBDS is cheaper with a 0.55% expense ratio, compared with 0.65% for FEPI.

Which ETF pays a higher dividend yield, NBDS or FEPI?

FEPI has the higher dividend yield at 23.92%, compared with 0.32% for NBDS.

What is the main difference between NBDS and FEPI?

They also come from different issuers: Neuberger Berman and REX. Their fees differ too: 0.55% for NBDS and 0.65% for FEPI.

Which has better risk-adjusted returns?

FEPI currently has the higher Sharpe Ratio (2.02 vs 1.38), 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.