NBDS vs. THNQ

Last updated Apr 2, 2026

Compare and contrast key facts about Neuberger Berman Disrupters ETF (NBDS) and ROBO Global Artificial Intelligence ETF (THNQ).

NBDS and THNQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NBDS is an actively managed fund by Neuberger Berman. It was launched on Apr 6, 2022. THNQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the ROBO Global Artificial Intelligence Index. It was launched on May 11, 2020.

Performance

NBDS vs. THNQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Disrupters ETF (NBDS) and ROBO Global Artificial Intelligence ETF (THNQ). The values are adjusted to include any dividend payments, if applicable.

NBDS vs. THNQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NBDS Neuberger Berman Disrupters ETF	-12.13%	19.58%	17.97%	38.55%	-24.65%
THNQ ROBO Global Artificial Intelligence ETF	-6.16%	29.83%	18.82%	56.81%	-25.91%

Returns By Period

In the year-to-date period, NBDS achieves a -12.13% return, which is significantly lower than THNQ's -6.16% return.

NBDS

• 1D: 1.52%
• 1M: -3.51%
• YTD: -12.13%
• 6M: -13.52%
• 1Y: 16.90%
• 3Y*: 14.19%
• 5Y*: —
• 10Y*: —

THNQ

• 1D: 0.96%
• 1M: -5.09%
• YTD: -6.16%
• 6M: -8.83%
• 1Y: 33.73%
• 3Y*: 22.49%
• 5Y*: 8.04%
• 10Y*: —

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

NBDS vs. THNQ - Expense Ratio Comparison

NBDS has a 0.55% expense ratio, which is lower than THNQ's 0.68% expense ratio.

THNQ

ROBO Global Artificial Intelligence ETF

NBDS

Neuberger Berman Disrupters ETF

Return for Risk

NBDS vs. THNQ — Risk / Return Rank

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

NBDS

NBDS Risk / Return Rank: 29
NBDS Sharpe Ratio Rank: 29
NBDS Sortino Ratio Rank: 32
NBDS Omega Ratio Rank: 31
NBDS Calmar Ratio Rank: 27
NBDS Martin Ratio Rank: 25

THNQ

THNQ Risk / Return Rank: 62
THNQ Sharpe Ratio Rank: 61
THNQ Sortino Ratio Rank: 64
THNQ Omega Ratio Rank: 58
THNQ Calmar Ratio Rank: 71
THNQ Martin Ratio Rank: 59

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. THNQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Disrupters ETF (NBDS) and ROBO Global Artificial Intelligence ETF (THNQ). 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	THNQ	Difference
Sharpe ratio Return per unit of total volatility	0.58	1.11	-0.54
Sortino ratio Return per unit of downside risk	1.01	1.67	-0.66
Omega ratio Gain probability vs. loss probability	1.14	1.22	-0.09
Calmar ratio Return relative to maximum drawdown	0.75	1.90	-1.15
Martin ratio Return relative to average drawdown	2.10	6.16	-4.06
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. THNQ - Sharpe Ratio Comparison

The current NBDS Sharpe Ratio is 0.58, which is lower than the THNQ Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of NBDS and THNQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NBDS	THNQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.58	1.11	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.55	-0.31

Correlation

The correlation between NBDS and THNQ is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

NBDS vs. THNQ - Dividend Comparison

NBDS's dividend yield for the trailing twelve months is around 0.43%, more than THNQ's 0.22% yield.

	TTM	2025
NBDS Neuberger Berman Disrupters ETF	0.43%	0.38%
THNQ ROBO Global Artificial Intelligence ETF	0.22%	0.20%

Drawdowns

NBDS vs. THNQ - Drawdown Comparison

The maximum NBDS drawdown since its inception was -29.81%, smaller than the maximum THNQ drawdown of -50.56%. Use the drawdown chart below to compare losses from any high point for NBDS and THNQ.

Drawdown Indicators

	NBDS	THNQ	Difference
Max Drawdown Largest peak-to-trough decline	-29.81%	-50.56%	+20.75%
Max Drawdown (1Y) Largest decline over 1 year	-23.96%	-18.39%	-5.57%
Max Drawdown (5Y) Largest decline over 5 years	—	-50.56%	—
Current Drawdown Current decline from peak	-19.47%	-13.00%	-6.47%
Average Drawdown Average peak-to-trough decline	-9.63%	-15.44%	+5.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.54%	5.66%	+2.88%

Volatility

NBDS vs. THNQ - Volatility Comparison

The current volatility for Neuberger Berman Disrupters ETF (NBDS) is 9.23%, while ROBO Global Artificial Intelligence ETF (THNQ) has a volatility of 10.64%. This indicates that NBDS experiences smaller price fluctuations and is considered to be less risky than THNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBDS	THNQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.23%	10.64%	-1.41%
Volatility (6M) Calculated over the trailing 6-month period	18.99%	20.69%	-1.70%
Volatility (1Y) Calculated over the trailing 1-year period	29.47%	30.42%	-0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.56%	28.76%	-1.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.56%	28.57%	-1.01%