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NBET vs. IFRA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NBET vs. IFRA

Last updated Aug 2, 2026
Documentation

NBET (Neuberger Berman Energy Transition & Infrastructure ETF) and IFRA (iShares U.S. Infrastructure ETF) are both Infrastructure Equities funds. NBET is actively managed, while IFRA is passively managed. Over the past 3 years, NBET returned 19.60%/yr vs 16.79%/yr for IFRA. Their 0.70 correlation means they have sometimes moved together and sometimes differently. NBET charges 0.65%/yr vs 0.30%/yr for IFRA.

Performance

NBET vs. IFRA - Performance Comparison

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

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Returns By Period

In the year-to-date period, NBET achieves a 24.97% return, which is significantly higher than IFRA's 16.00% 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%

IFRA

1D
0.00%
1M
-2.67%
6M
8.92%
YTD
16.00%
1Y
23.20%
3Y*
16.79%
5Y*
13.28%
10Y*
—
ALL TIME*
13.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IFRA

iShares U.S. Infrastructure ETF
$20.72M$20.65M$23.36M

NBET

Neuberger Berman Energy Transition & Infrastructure ETF
$197.04K$221.77K$179.90K

NBET vs. IFRA - Yearly Performance Comparison

2026 (YTD)2025202420232022
NBET
Neuberger Berman Energy Transition & Infrastructure ETF		24.97%5.87%30.30%7.48%-6.07%
IFRA
iShares U.S. Infrastructure ETF		16.00%15.90%17.02%13.42%-4.91%

Correlation

The correlation between NBET and IFRA is 0.29, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.29

Correlation (3Y)
Balances recent behavior with more history.

0.60

Correlation (All Time)
Calculated using the full available price history since Apr 7, 2022

0.70

Over the past year, the correlation between NBET and IFRA has dropped to 0.29 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

NBET vs. IFRA - Sectors Allocation Comparison

Sectors
NBET
IFRA

Energy

88.9%
7.9%

Utilities

8.6%
37.8%

Industrials

2.6%
36.9%

Basic Materials

0.9%
17.1%

Communication Services

-

-

Consumer Cyclical

-

0.0%

Consumer Defensive

-

0.0%

Financial Services

-

-

Healthcare

-

-

Real Estate

-

-

Technology

-

-

Energy

NBET
88.9%
IFRA
7.9%

Utilities

NBET
8.6%
IFRA
37.8%

Industrials

NBET
2.6%
IFRA
36.9%

Basic Materials

NBET
0.9%
IFRA
17.1%

Communication Services

NBET

-

IFRA

-

Consumer Cyclical

NBET

-

IFRA
0.0%

Consumer Defensive

NBET

-

IFRA
0.0%

Financial Services

NBET

-

IFRA

-

Healthcare

NBET

-

IFRA

-

Real Estate

NBET

-

IFRA

-

Technology

NBET

-

IFRA

-

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Neuberger Berman Energy Transition & Infrastructure ETF

iShares U.S. Infrastructure ETF

Often compared with NBET:
NBET vs. XLEINBET vs. NBOSNBET vs. NEMDNBET vs. LNGXNBET vs. NBSDNBET vs. WEEINBET vs. JAPN
Often compared with IFRA:
IFRA vs. PAVEIFRA vs. IGFIFRA vs. NFRAIFRA vs. GIIIFRA vs. VOOIFRA vs. FNDAIFRA vs. IYH

Return for Risk

NBET vs. IFRA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
NBET
NBET Risk / Return Rank: 7474
Overall Rank
NBET Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
NBET Sortino Ratio Rank: 7474
Sortino Ratio Rank
NBET Omega Ratio Rank: 6868
Omega Ratio Rank
NBET Calmar Ratio Rank: 8585
Calmar Ratio Rank
NBET Martin Ratio Rank: 6666
Martin Ratio Rank
IFRA
IFRA Risk / Return Rank: 6565
Overall Rank
IFRA Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
IFRA Sortino Ratio Rank: 6565
Sortino Ratio Rank
IFRA Omega Ratio Rank: 5555
Omega Ratio Rank
IFRA Calmar Ratio Rank: 7575
Calmar Ratio Rank
IFRA Martin Ratio Rank: 7070
Martin Ratio Rank
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.

NBET vs. IFRA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Energy Transition & Infrastructure ETF (NBET) and iShares U.S. Infrastructure ETF (IFRA). 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.

NBETIFRADifference
Sharpe ratioReturn per unit of total volatility
1.77
1.43

+0.35

Sortino ratioReturn per unit of downside risk
2.40
2.14

+0.27

Omega ratioGain probability vs. loss probability

1.29

1.24

+0.05

Calmar ratioReturn relative to maximum drawdown

3.30

2.61

+0.69

Martin ratioReturn relative to average drawdown

8.03

8.59

-0.56

NBET vs. IFRA - Sharpe Ratio Comparison

The current NBET Sharpe Ratio is 1.77, which is comparable to the IFRA Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of NBET and IFRA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

NBET vs. IFRA - Drawdown Comparison

The maximum NBET drawdown since its inception was -18.72%, smaller than the maximum IFRA drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for NBET and IFRA.

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Drawdown Indicators

NBETIFRADifference

Max Drawdown

Largest peak-to-trough decline

-18.72%

-41.06%

+22.34%

Max Drawdown (1Y)

Largest decline over 1 year

-8.00%

-8.40%

+0.40%

Max Drawdown (3Y)

Largest decline over 3 years

-17.38%

-19.93%

+2.55%

Max Drawdown (5Y)

Largest decline over 5 years

—

-19.93%

—

Current Drawdown

Current decline from peak

-3.76%

-5.46%

+1.70%

Average Drawdown

Average peak-to-trough decline

-5.06%

-5.09%

+0.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.30%

2.55%

+0.75%

Volatility

NBET vs. IFRA - Volatility Comparison

Neuberger Berman Energy Transition & Infrastructure ETF (NBET) has a higher volatility of 5.11% compared to iShares U.S. Infrastructure ETF (IFRA) at 4.01%. This indicates that NBET's price experiences larger fluctuations and is considered to be riskier than IFRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NBETIFRADifference

Volatility (1M)

Calculated over the trailing 1-month period

5.11%

4.01%

+1.10%

Volatility (6M)

Calculated over the trailing 6-month period

11.79%

12.02%

-0.23%

Volatility (1Y)

Calculated over the trailing 1-year period

14.92%

15.40%

-0.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.43%

17.87%

+1.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.43%

21.29%

-1.86%

NBET vs. IFRA - Expense Ratio Comparison

NBET has a 0.65% expense ratio, which is higher than IFRA's 0.30% expense ratio.

Dividends

NBET vs. IFRA - Dividend Comparison

NBET's dividend yield for the trailing twelve months is around 2.41%, more than IFRA's 1.61% yield.

PositionTTM20252024202320222021202020192018
IFRA
iShares U.S. Infrastructure ETF		1.61%1.84%1.75%1.98%1.98%1.63%2.08%1.68%2.50%
NBET
Neuberger Berman Energy Transition & Infrastructure ETF		2.41%2.70%2.43%1.22%0.87%0.00%0.00%0.00%0.00%

Frequently Asked Questions

NBET and IFRA have a correlation of 0.29, 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 IFRA (4.01%). In terms of maximum drawdown, NBET dropped -18.72% vs IFRA's -41.06%.

On 3-year performance, NBET leads with 19.60% vs 16.79% for IFRA. On fees, IFRA is cheaper at 0.30% per year. On volatility, IFRA has been the lower-risk option at 4.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, NBET has performed better with a 19.60% return vs 16.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IFRA is cheaper with a 0.30% expense ratio, compared with 0.65% for NBET.

NBET has the higher dividend yield at 2.41%, compared with 1.61% for IFRA.

They also come from different issuers: Neuberger Berman and iShares. Their fees differ too: 0.65% for NBET and 0.30% for IFRA.

NBET currently has the higher Sharpe Ratio (1.77 vs 1.43), 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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