NBET vs. EIPX

Last updated Jun 26, 2026

NBET (Neuberger Berman Energy Transition & Infrastructure ETF) and EIPX (FT Energy Income Partners Strategy ETF) are both Energy Equities funds. Both are actively managed. Over the past 3 years, NBET returned 20.01%/yr vs 20.82%/yr for EIPX. A 0.77 correlation means they provide meaningful diversification when combined. NBET charges 0.65%/yr vs 0.95%/yr for EIPX.

Performance

NBET vs. EIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Energy Transition & Infrastructure ETF (NBET) and FT Energy Income Partners Strategy ETF (EIPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with NBET having a 21.93% return and EIPX slightly lower at 21.06%.

NBET

• 1D: 1.28%
• 1M: -3.13%
• YTD: 21.93%
• 6M: 22.32%
• 1Y: 24.61%
• 3Y*: 20.01%
• 5Y*: —
• 10Y*: —

EIPX

• 1D: 1.26%
• 1M: -2.26%
• YTD: 21.06%
• 6M: 21.15%
• 1Y: 28.14%
• 3Y*: 20.82%
• 5Y*: —
• 10Y*: —

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

NBET vs. EIPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NBET Neuberger Berman Energy Transition & Infrastructure ETF	21.93%	5.87%	30.30%	7.48%	4.02%
EIPX FT Energy Income Partners Strategy ETF	21.06%	11.44%	19.11%	10.74%	1.77%

Correlation

The correlation between NBET and EIPX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (All Time) Calculated using the full available price history since Nov 3, 2022	0.77

The correlation between NBET and EIPX shifts across timeframes, from 0.77 (all time) to 0.92 (1 year), reflecting how their relationship changes across market environments.

NBET vs. EIPX - Sectors Allocation Comparison

Sectors	NBET	EIPX
Energy	88.7%	68.4%
Utilities	9.0%	26.4%
Industrials	2.3%	4.8%
Basic Materials	0.9%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	0.3%

Return for Risk

NBET vs. EIPX — Risk / Return Rank

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

NBET

NBET Risk / Return Rank: 56
NBET Sharpe Ratio Rank: 56
NBET Sortino Ratio Rank: 52
NBET Omega Ratio Rank: 48
NBET Calmar Ratio Rank: 70
NBET Martin Ratio Rank: 53

EIPX

EIPX Risk / Return Rank: 88
EIPX Sharpe Ratio Rank: 88
EIPX Sortino Ratio Rank: 89
EIPX Omega Ratio Rank: 82
EIPX Calmar Ratio Rank: 92
EIPX Martin Ratio Rank: 88

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.

NBET vs. EIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Energy Transition & Infrastructure ETF (NBET) and FT Energy Income Partners Strategy ETF (EIPX). 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	EIPX	Difference
Sharpe ratio: Return per unit of total volatility	1.68	2.52	-0.84
Sortino ratio: Return per unit of downside risk	2.27	3.57	-1.30
Omega ratio: Gain probability vs. loss probability	1.28	1.42	-0.15
Calmar ratio: Return relative to maximum drawdown	3.09	5.47	-2.38
Martin ratio: Return relative to average drawdown	8.27	16.51	-8.24

NBET vs. EIPX - Sharpe Ratio Comparison

The current NBET Sharpe Ratio is 1.68, which is lower than the EIPX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of NBET and EIPX, 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

NBET vs. EIPX - Drawdown Comparison

The maximum NBET drawdown since its inception was -18.72%, which is greater than EIPX's maximum drawdown of -15.43%. Use the drawdown chart below to compare losses from any high point for NBET and EIPX.

Drawdown Indicators

	NBET	EIPX	Difference
Max Drawdown Largest peak-to-trough decline	-18.72%	-15.43%	-3.29%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	-5.17%	-2.83%
Max Drawdown (3Y) Largest decline over 3 years	-18.72%	-15.43%	-3.29%
Current Drawdown Current decline from peak	-6.11%	-3.30%	-2.81%
Average Drawdown Average peak-to-trough decline	-5.07%	-2.29%	-2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	1.71%	+1.27%

Volatility

NBET vs. EIPX - Volatility Comparison

Neuberger Berman Energy Transition & Infrastructure ETF (NBET) has a higher volatility of 4.82% compared to FT Energy Income Partners Strategy ETF (EIPX) at 3.90%. This indicates that NBET's price experiences larger fluctuations and is considered to be riskier than EIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBET	EIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	3.90%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	11.14%	8.60%	+2.54%
Volatility (1Y) Calculated over the trailing 1-year period	14.72%	11.25%	+3.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.48%	15.03%	+4.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.48%	15.03%	+4.45%

NBET vs. EIPX - Expense Ratio Comparison

NBET has a 0.65% expense ratio, which is lower than EIPX's 0.95% expense ratio.

Dividends

NBET vs. EIPX - Dividend Comparison

NBET's dividend yield for the trailing twelve months is around 2.47%, less than EIPX's 3.48% yield.

Position	TTM	2025	2024	2023	2022
EIPX FT Energy Income Partners Strategy ETF	3.48%	3.23%	3.27%	3.48%	0.34%
NBET Neuberger Berman Energy Transition & Infrastructure ETF	2.47%	2.70%	2.43%	1.22%	0.87%

Frequently Asked Questions

Can I hold both NBET and EIPX in my portfolio?

With a correlation of 0.92, NBET and EIPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NBET or EIPX?

NBET has higher volatility (4.82%) compared to EIPX (3.90%). In terms of maximum drawdown, NBET dropped -18.72% vs EIPX's -15.43%.

Which ETF is better, NBET or EIPX?

On 3-year performance, EIPX leads with 20.82% vs 20.01% for NBET. On fees, NBET is cheaper at 0.65% per year. On volatility, EIPX has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NBET or EIPX?

Over the 3-year period, EIPX has performed better with a 20.82% return vs 20.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NBET or EIPX?

NBET is cheaper with a 0.65% expense ratio, compared with 0.95% for EIPX.

Which ETF pays a higher dividend yield, NBET or EIPX?

EIPX has the higher dividend yield at 3.48%, compared with 2.47% for NBET.

What is the main difference between NBET and EIPX?

They also come from different issuers: Neuberger Berman and First Trust. Their fees differ too: 0.65% for NBET and 0.95% for EIPX.

Which has better risk-adjusted returns?

EIPX currently has the higher Sharpe Ratio (2.52 vs 1.68), 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.