PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
NBET vs. IGE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NBET vs. IGE

Last updated Jun 26, 2026

NBET (Neuberger Berman Energy Transition & Infrastructure ETF) and IGE (iShares North American Natural Resources ETF) are both Energy Equities funds. NBET is actively managed, while IGE is passively managed. Over the past 3 years, NBET returned 20.01%/yr vs 17.66%/yr for IGE. A 0.63 correlation means they provide meaningful diversification when combined. NBET charges 0.65%/yr vs 0.39%/yr for IGE.

Performance

NBET vs. IGE - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, NBET achieves a 21.93% return, which is significantly higher than IGE's 14.81% return.

NBET

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

IGE

1D
1.17%
1M
-5.93%
YTD
14.81%
6M
14.15%
1Y
33.08%
3Y*
17.66%
5Y*
16.13%
10Y*
9.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NBET vs. IGE - Yearly Performance Comparison

2026 (YTD)2025202420232022
NBET
Neuberger Berman Energy Transition & Infrastructure ETF		21.93%5.87%30.30%7.48%-6.07%
IGE
iShares North American Natural Resources ETF		14.81%20.41%7.55%3.12%3.40%

Correlation

The correlation between NBET and IGE is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.70

Correlation (3Y)
Calculated over the trailing 3-year period

0.65

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

0.63

The correlation between NBET and IGE has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.

NBET vs. IGE - Sectors Allocation Comparison

Sectors
NBET
IGE

Energy

88.7%
70.1%

Utilities

9.0%

-

Industrials

2.3%
0.1%

Basic Materials

0.9%
26.1%

Communication Services

-

-

Consumer Cyclical

-

3.5%

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

0.2%

Real Estate

-

-

Technology

-

-

Energy

NBET
88.7%
IGE
70.1%

Utilities

NBET
9.0%
IGE

-

Industrials

NBET
2.3%
IGE
0.1%

Basic Materials

NBET
0.9%
IGE
26.1%

Communication Services

NBET

-

IGE

-

Consumer Cyclical

NBET

-

IGE
3.5%

Consumer Defensive

NBET

-

IGE

-

Financial Services

NBET

-

IGE

-

Healthcare

NBET

-

IGE
0.2%

Real Estate

NBET

-

IGE

-

Technology

NBET

-

IGE

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Neuberger Berman Energy Transition & Infrastructure ETF

iShares North American Natural Resources ETF

Often compared with NBET:
NBET vs. XLEINBET vs. NBOSNBET vs. NEMDNBET vs. LNGXNBET vs. NBSDNBET vs. XLENBET vs. BKGI
Often compared with IGE:
IGE vs. NANRIGE vs. GUNRIGE vs. XLEIGE vs. IGEBIGE vs. PXEIGE vs. VTIIGE vs. FXAIX

Return for Risk

NBET vs. IGE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NBET
NBET Risk / Return Rank: 5656
Overall Rank
NBET Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
NBET Sortino Ratio Rank: 5252
Sortino Ratio Rank
NBET Omega Ratio Rank: 4848
Omega Ratio Rank
NBET Calmar Ratio Rank: 7070
Calmar Ratio Rank
NBET Martin Ratio Rank: 5353
Martin Ratio Rank
IGE
IGE Risk / Return Rank: 7070
Overall Rank
IGE Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
IGE Sortino Ratio Rank: 6868
Sortino Ratio Rank
IGE Omega Ratio Rank: 6565
Omega Ratio Rank
IGE Calmar Ratio Rank: 7373
Calmar Ratio Rank
IGE Martin Ratio Rank: 7373
Martin Ratio Rank
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. IGE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Energy Transition & Infrastructure ETF (NBET) and iShares North American Natural Resources ETF (IGE). 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.

NBETIGEDifference
Sharpe ratioReturn per unit of total volatility
1.68
2.01

-0.33

Sortino ratioReturn per unit of downside risk
2.27
2.69

-0.42

Omega ratioGain probability vs. loss probability

1.28

1.34

-0.06

Calmar ratioReturn relative to maximum drawdown

3.09

3.21

-0.12

Martin ratioReturn relative to average drawdown

8.27

11.76

-3.49

NBET vs. IGE - Sharpe Ratio Comparison

The current NBET Sharpe Ratio is 1.68, which is comparable to the IGE Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of NBET and IGE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

NBET vs. IGE - Drawdown Comparison

The maximum NBET drawdown since its inception was -18.72%, smaller than the maximum IGE drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for NBET and IGE.

Loading charts...

Drawdown Indicators

NBETIGEDifference

Max Drawdown

Largest peak-to-trough decline

-18.72%

-67.55%

+48.83%

Max Drawdown (1Y)

Largest decline over 1 year

-8.00%

-10.35%

+2.35%

Max Drawdown (3Y)

Largest decline over 3 years

-18.72%

-19.49%

+0.77%

Max Drawdown (5Y)

Largest decline over 5 years

—

-25.72%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-60.57%

—

Current Drawdown

Current decline from peak

-6.11%

-9.31%

+3.20%

Average Drawdown

Average peak-to-trough decline

-5.07%

-18.86%

+13.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.98%

2.82%

+0.16%

Volatility

NBET vs. IGE - Volatility Comparison

The current volatility for Neuberger Berman Energy Transition & Infrastructure ETF (NBET) is 4.82%, while iShares North American Natural Resources ETF (IGE) has a volatility of 5.67%. This indicates that NBET experiences smaller price fluctuations and is considered to be less risky than IGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

NBETIGEDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.82%

5.67%

-0.85%

Volatility (6M)

Calculated over the trailing 6-month period

11.14%

13.07%

-1.93%

Volatility (1Y)

Calculated over the trailing 1-year period

14.72%

16.57%

-1.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.48%

22.42%

-2.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.48%

24.93%

-5.45%

NBET vs. IGE - Expense Ratio Comparison

NBET has a 0.65% expense ratio, which is higher than IGE's 0.39% expense ratio.

Dividends

NBET vs. IGE - Dividend Comparison

NBET's dividend yield for the trailing twelve months is around 2.47%, more than IGE's 2.08% yield.

PositionTTM20252024202320222021202020192018201720162015
IGE
iShares North American Natural Resources ETF		2.08%2.32%2.54%2.85%2.96%2.92%3.34%5.55%2.68%2.11%1.66%3.08%
NBET
Neuberger Berman Energy Transition & Infrastructure ETF		2.47%2.70%2.43%1.22%0.87%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

NBET and IGE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IGE has higher volatility (5.67%) compared to NBET (4.82%). In terms of maximum drawdown, NBET dropped -18.72% vs IGE's -67.55%.

On 3-year performance, NBET leads with 20.01% vs 17.66% for IGE. On fees, IGE is cheaper at 0.39% per year. On volatility, NBET has been the lower-risk option at 4.82%. 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 20.01% return vs 17.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IGE is cheaper with a 0.39% expense ratio, compared with 0.65% for NBET.

NBET has the higher dividend yield at 2.47%, compared with 2.08% for IGE.

They also come from different issuers: Neuberger Berman and iShares. Their fees differ too: 0.65% for NBET and 0.39% for IGE.

IGE currently has the higher Sharpe Ratio (2.01 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.

Portfolio Optimizer

Find the right allocation for NBET and IGE

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer