NBET vs. BILT
NBET (Neuberger Berman Energy Transition & Infrastructure ETF) and BILT (iShares Infrastructure Active ETF) are both Infrastructure Equities funds. Both are actively managed. Over the past year, NBET returned 27.68% vs 17.98% for BILT. Their 0.42 correlation means their historical movements had little consistent relationship. NBET charges 0.65%/yr vs 0.60%/yr for BILT.
Performance
NBET vs. BILT - Performance Comparison
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Returns By Period
In the year-to-date period, NBET achieves a 24.97% return, which is significantly higher than BILT's 14.30% return.
NBET
- 1D
- 0.93%
- 1M
- 3.95%
- 6M
- 14.68%
- YTD
- 24.97%
- 1Y
- 27.68%
- 3Y*
- 19.60%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.70%
BILT
- 1D
- 0.11%
- 1M
- -1.05%
- 6M
- 8.99%
- YTD
- 14.30%
- 1Y
- 17.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.38M | $1.70M | $1.65M | |
| $197.04K | $221.77K | $179.90K |
NBET vs. BILT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NBET Neuberger Berman Energy Transition & Infrastructure ETF | 24.97% | 1.54% |
BILT iShares Infrastructure Active ETF | 14.30% | 4.16% |
Correlation
The correlation between NBET and BILT is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025 | 0.42 |
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Return for Risk
NBET vs. BILT — Risk / Return Rank
NBET
BILT
NBET vs. BILT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Energy Transition & Infrastructure ETF (NBET) and iShares Infrastructure Active ETF (BILT). 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.
| NBET | BILT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 3.52 | -0.22 |
| Martin ratioReturn relative to average drawdown | 8.03 | 10.60 | -2.57 |
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Drawdowns
NBET vs. BILT - Drawdown Comparison
The maximum NBET drawdown since its inception was -18.72%, which is greater than BILT's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for NBET and BILT.
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Drawdown Indicators
| NBET | BILT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.72% | -5.38% | -13.34% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -5.38% | -2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -17.38% | — | — |
Current DrawdownCurrent decline from peak | -3.76% | -2.25% | -1.51% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -1.36% | -3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 1.78% | +1.52% |
Volatility
NBET vs. BILT - Volatility Comparison
Neuberger Berman Energy Transition & Infrastructure ETF (NBET) has a higher volatility of 5.11% compared to iShares Infrastructure Active ETF (BILT) at 3.10%. This indicates that NBET's price experiences larger fluctuations and is considered to be riskier than BILT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NBET | BILT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 3.10% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 11.79% | 8.44% | +3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.92% | 10.31% | +4.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.43% | 10.31% | +9.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.43% | 10.31% | +9.12% |
NBET vs. BILT - Expense Ratio Comparison
NBET has a 0.65% expense ratio, which is higher than BILT's 0.60% expense ratio.
Dividends
NBET vs. BILT - Dividend Comparison
NBET's dividend yield for the trailing twelve months is around 2.41%, less than BILT's 5.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BILT iShares Infrastructure Active ETF | 5.70% | 0.99% | 0.00% | 0.00% | 0.00% |
NBET Neuberger Berman Energy Transition & Infrastructure ETF | 2.41% | 2.70% | 2.43% | 1.22% | 0.87% |
Frequently Asked Questions
NBET and BILT have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBET has higher volatility (5.11%) compared to BILT (3.10%). In terms of maximum drawdown, NBET dropped -18.72% vs BILT's -5.38%.
On 1-year performance, NBET leads with 27.68% vs 17.98% for BILT. On fees, BILT is cheaper at 0.60% per year. On volatility, BILT has been the lower-risk option at 3.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NBET has performed better with a 27.68% return vs 17.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BILT is cheaper with a 0.60% expense ratio, compared with 0.65% for NBET.
BILT has the higher dividend yield at 5.70%, compared with 2.41% for NBET.
They also come from different issuers: Neuberger Berman and iShares. Their fees differ too: 0.65% for NBET and 0.60% for BILT.
BILT currently has the higher Sharpe Ratio (1.84 vs 1.77), 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.
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