NBDS vs. IGPT

Last updated Aug 2, 2026

NBDS (Neuberger Berman Disrupters ETF) and IGPT (Invesco AI and Next Gen Software ETF) are both exchange-traded funds - NBDS is a Technology Equities fund actively managed by Neuberger Berman, while IGPT is a Artificial Intelligence fund tracking the STOXX World AC NexGen Software Development Index. NBDS is actively managed, while IGPT is passively managed. Over the past 3 years, NBDS returned 17.53%/yr vs 33.09%/yr for IGPT. Their correlation of 0.89 means they have usually moved in the same direction. NBDS charges 0.55%/yr vs 0.56%/yr for IGPT.

Performance

NBDS vs. IGPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Disrupters ETF (NBDS) and Invesco AI and Next Gen Software ETF (IGPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBDS achieves a 9.49% return, which is significantly lower than IGPT's 45.80% return.

NBDS

• 1D: 0.00%
• 1M: -5.09%
• 6M: 14.36%
• YTD: 9.49%
• 1Y: 15.81%
• 3Y*: 17.53%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.66%

IGPT

• 1D: 0.59%
• 1M: -8.98%
• 6M: 33.98%
• YTD: 45.80%
• 1Y: 74.93%
• 3Y*: 33.09%
• 5Y*: 12.06%
• 10Y*: 19.74%
• ALL TIME*: 14.87%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IGPT Invesco AI and Next Gen Software ETF	$28.12M	$21.89M	$21.69M
NBDS Neuberger Berman Disrupters ETF	$2.98M	$1.83M	$2.43M

NBDS vs. IGPT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NBDS Neuberger Berman Disrupters ETF	9.49%	19.58%	17.97%	38.55%	-24.78%
IGPT Invesco AI and Next Gen Software ETF	45.80%	31.55%	17.15%	27.29%	-15.48%

Correlation

The correlation between NBDS and IGPT is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (All Time) Calculated using the full available price history since Apr 7, 2022	0.89

The correlation between NBDS and IGPT has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.

NBDS vs. IGPT - Sectors Allocation Comparison

Sectors	NBDS	IGPT
Technology	60.3%	76.6%
Healthcare	15.5%	2.1%
Industrials	8.0%	2.0%
Financial Services	5.3%	0.1%
Consumer Cyclical	5.2%	0.1%
Communication Services	3.4%	16.9%
Utilities	2.3%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	2.4%

Return for Risk

NBDS vs. IGPT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NBDS

NBDS Risk / Return Rank: 22
NBDS Sharpe Ratio Rank: 23
NBDS Sortino Ratio Rank: 23
NBDS Omega Ratio Rank: 23
NBDS Calmar Ratio Rank: 21
NBDS Martin Ratio Rank: 21

IGPT

IGPT Risk / Return Rank: 80
IGPT Sharpe Ratio Rank: 84
IGPT Sortino Ratio Rank: 77
IGPT Omega Ratio Rank: 78
IGPT Calmar Ratio Rank: 80
IGPT Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NBDS vs. IGPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Disrupters ETF (NBDS) and Invesco AI and Next Gen Software ETF (IGPT). 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.

	NBDS	IGPT	Difference
Sharpe ratio: Return per unit of total volatility	0.49	1.94	-1.45
Sortino ratio: Return per unit of downside risk	0.86	2.46	-1.61
Omega ratio: Gain probability vs. loss probability	1.10	1.32	-0.22
Calmar ratio: Return relative to maximum drawdown	0.57	2.89	-2.32
Martin ratio: Return relative to average drawdown	1.47	11.04	-9.57

NBDS vs. IGPT - Sharpe Ratio Comparison

The current NBDS Sharpe Ratio is 0.49, which is lower than the IGPT Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of NBDS and IGPT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NBDS vs. IGPT - Drawdown Comparison

The maximum NBDS drawdown since its inception was -29.93%, smaller than the maximum IGPT drawdown of -50.14%. Use the drawdown chart below to compare losses from any high point for NBDS and IGPT.

Drawdown Indicators

	NBDS	IGPT	Difference
Max Drawdown Largest peak-to-trough decline	-29.93%	-50.14%	+20.21%
Max Drawdown (1Y) Largest decline over 1 year	-23.96%	-24.74%	+0.78%
Max Drawdown (3Y) Largest decline over 3 years	-28.51%	-29.30%	+0.79%
Max Drawdown (5Y) Largest decline over 5 years	—	-42.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-50.14%	—
Current Drawdown Current decline from peak	-8.57%	-19.79%	+11.22%
Average Drawdown Average peak-to-trough decline	-9.37%	-11.95%	+2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.38%	6.47%	+2.91%

Volatility

NBDS vs. IGPT - Volatility Comparison

The current volatility for Neuberger Berman Disrupters ETF (NBDS) is 9.01%, while Invesco AI and Next Gen Software ETF (IGPT) has a volatility of 14.66%. This indicates that NBDS experiences smaller price fluctuations and is considered to be less risky than IGPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBDS	IGPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.01%	14.66%	-5.65%
Volatility (6M) Calculated over the trailing 6-month period	23.32%	32.84%	-9.52%
Volatility (1Y) Calculated over the trailing 1-year period	27.95%	36.85%	-8.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.03%	29.53%	-1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.03%	27.29%	+0.74%

NBDS vs. IGPT - Expense Ratio Comparison

NBDS has a 0.55% expense ratio, which is lower than IGPT's 0.56% expense ratio.

Dividends

NBDS vs. IGPT - Dividend Comparison

NBDS's dividend yield for the trailing twelve months is around 0.35%, more than IGPT's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGPT Invesco AI and Next Gen Software ETF	0.01%	0.04%	0.00%	0.00%	1.41%	6.21%	0.04%	0.05%	0.00%	0.00%	0.03%	0.15%
NBDS Neuberger Berman Disrupters ETF	0.35%	0.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NBDS and IGPT in my portfolio?

NBDS and IGPT have a correlation of 0.85, 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 IGPT?

IGPT has higher volatility (14.66%) compared to NBDS (9.01%). In terms of maximum drawdown, NBDS dropped -29.93% vs IGPT's -50.14%.

Which ETF is better, NBDS or IGPT?

On 3-year performance, IGPT leads with 33.09% vs 17.53% for NBDS. On fees, NBDS is cheaper at 0.55% per year. On volatility, NBDS has been the lower-risk option at 9.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NBDS or IGPT?

Over the 3-year period, IGPT has performed better with a 33.09% return vs 17.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NBDS or IGPT?

NBDS is cheaper with a 0.55% expense ratio, compared with 0.56% for IGPT.

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

NBDS has the higher dividend yield at 0.35%, compared with 0.01% for IGPT.

What is the main difference between NBDS and IGPT?

NBDS is categorized as Technology Equities, while IGPT is Artificial Intelligence. They also come from different issuers: Neuberger Berman and Invesco. Their fees differ too: 0.55% for NBDS and 0.56% for IGPT.

Which has better risk-adjusted returns?

IGPT currently has the higher Sharpe Ratio (1.94 vs 0.49), 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.