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NBET vs. IYE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NBET vs. IYE

Last updated Jun 26, 2026

NBET (Neuberger Berman Energy Transition & Infrastructure ETF) and IYE (iShares U.S. Energy ETF) are both Energy Equities funds. NBET is actively managed, while IYE is passively managed. Over the past 3 years, NBET returned 20.01%/yr vs 14.49%/yr for IYE. A 0.59 correlation means they provide meaningful diversification when combined. NBET charges 0.65%/yr vs 0.42%/yr for IYE.

Performance

NBET vs. IYE - 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. Energy ETF (IYE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with NBET having a 21.93% return and IYE slightly higher at 22.21%.

NBET

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

IYE

1D
1.04%
1M
-5.86%
YTD
22.21%
6M
23.06%
1Y
31.06%
3Y*
14.49%
5Y*
17.54%
10Y*
8.42%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NBET vs. IYE - Yearly Performance Comparison

2026 (YTD)2025202420232022
NBET
Neuberger Berman Energy Transition & Infrastructure ETF		21.93%5.87%30.30%7.48%-6.07%
IYE
iShares U.S. Energy ETF		22.21%7.33%6.06%-2.21%17.14%

Correlation

The correlation between NBET and IYE is 0.83, 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

0.83

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

0.63

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

0.59

Over the past year, NBET and IYE have become more correlated (0.83) than their long-term average of 0.59, meaning their price movements have been converging.

NBET vs. IYE - Sectors Allocation Comparison

Sectors
NBET
IYE

Energy

88.7%
98.1%

Utilities

9.0%

-

Industrials

2.3%

-

Basic Materials

0.9%

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Real Estate

-

-

Technology

-

1.9%

Energy

NBET
88.7%
IYE
98.1%

Utilities

NBET
9.0%
IYE

-

Industrials

NBET
2.3%
IYE

-

Basic Materials

NBET
0.9%
IYE

-

Communication Services

NBET

-

IYE

-

Consumer Cyclical

NBET

-

IYE

-

Consumer Defensive

NBET

-

IYE

-

Financial Services

NBET

-

IYE

-

Healthcare

NBET

-

IYE

-

Real Estate

NBET

-

IYE

-

Technology

NBET

-

IYE
1.9%

Compare stocks, funds, or ETFs

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Neuberger Berman Energy Transition & Infrastructure ETF

iShares U.S. Energy ETF

Often compared with NBET:
NBET vs. XLEINBET vs. NBOSNBET vs. NEMDNBET vs. LNGXNBET vs. NBSDNBET vs. XLENBET vs. BKGI
Often compared with IYE:
IYE vs. XLEIYE vs. VDEIYE vs. IXCIYE vs. FENYIYE vs. OIHIYE vs. IYHIYE vs. XOP

Return for Risk

NBET vs. IYE — 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
IYE
IYE Risk / Return Rank: 4848
Overall Rank
IYE Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
IYE Sortino Ratio Rank: 4747
Sortino Ratio Rank
IYE Omega Ratio Rank: 4545
Omega Ratio Rank
IYE Calmar Ratio Rank: 5252
Calmar Ratio Rank
IYE Martin Ratio Rank: 4545
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. IYE - 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. Energy ETF (IYE). 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.

NBETIYEDifference
Sharpe ratioReturn per unit of total volatility
1.68
1.54

+0.14

Sortino ratioReturn per unit of downside risk
2.27
2.07

+0.20

Omega ratioGain probability vs. loss probability

1.28

1.25

+0.02

Calmar ratioReturn relative to maximum drawdown

3.09

2.26

+0.83

Martin ratioReturn relative to average drawdown

8.27

6.59

+1.68

NBET vs. IYE - Sharpe Ratio Comparison

The current NBET Sharpe Ratio is 1.68, which is comparable to the IYE Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of NBET and IYE, 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. IYE - Drawdown Comparison

The maximum NBET drawdown since its inception was -18.72%, smaller than the maximum IYE drawdown of -73.74%. Use the drawdown chart below to compare losses from any high point for NBET and IYE.

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Drawdown Indicators

NBETIYEDifference

Max Drawdown

Largest peak-to-trough decline

-18.72%

-73.74%

+55.02%

Max Drawdown (1Y)

Largest decline over 1 year

-8.00%

-13.81%

+5.81%

Max Drawdown (3Y)

Largest decline over 3 years

-18.72%

-20.37%

+1.65%

Max Drawdown (5Y)

Largest decline over 5 years

—

-25.61%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-68.59%

—

Current Drawdown

Current decline from peak

-6.11%

-12.70%

+6.59%

Average Drawdown

Average peak-to-trough decline

-5.07%

-19.34%

+14.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.98%

4.73%

-1.75%

Volatility

NBET vs. IYE - Volatility Comparison

The current volatility for Neuberger Berman Energy Transition & Infrastructure ETF (NBET) is 4.82%, while iShares U.S. Energy ETF (IYE) has a volatility of 6.79%. This indicates that NBET experiences smaller price fluctuations and is considered to be less risky than IYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NBETIYEDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.82%

6.79%

-1.97%

Volatility (6M)

Calculated over the trailing 6-month period

11.14%

16.50%

-5.36%

Volatility (1Y)

Calculated over the trailing 1-year period

14.72%

20.29%

-5.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.48%

25.68%

-6.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.48%

29.52%

-10.04%

NBET vs. IYE - Expense Ratio Comparison

NBET has a 0.65% expense ratio, which is higher than IYE's 0.42% expense ratio.

Dividends

NBET vs. IYE - Dividend Comparison

NBET's dividend yield for the trailing twelve months is around 2.47%, more than IYE's 2.33% yield.

PositionTTM20252024202320222021202020192018201720162015
IYE
iShares U.S. Energy ETF		2.33%2.85%2.75%2.99%3.37%2.98%4.75%6.60%3.16%2.66%2.11%3.39%
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 IYE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IYE has higher volatility (6.79%) compared to NBET (4.82%). In terms of maximum drawdown, NBET dropped -18.72% vs IYE's -73.74%.

On 3-year performance, NBET leads with 20.01% vs 14.49% for IYE. On fees, IYE is cheaper at 0.42% 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 14.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IYE is cheaper with a 0.42% expense ratio, compared with 0.65% for NBET.

NBET has the higher dividend yield at 2.47%, compared with 2.33% for IYE.

They also come from different issuers: Neuberger Berman and iShares. Their fees differ too: 0.65% for NBET and 0.42% for IYE.

NBET currently has the higher Sharpe Ratio (1.68 vs 1.54), 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

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