NBET vs. NBJP

Last updated Jul 18, 2026

NBET (Neuberger Berman Energy Transition & Infrastructure ETF) and NBJP (Neuberger Berman Japan Equity ETF) are both exchange-traded funds - NBET is a Energy Equities fund actively managed by Neuberger Berman, while NBJP is a Japan Equities fund actively managed by Neuberger Berman. Both are actively managed. Over the past year, NBET returned 28.14% vs 29.53% for NBJP. At a 0.17 correlation, their price movements are largely independent. NBET charges 0.65%/yr vs 0.50%/yr for NBJP.

Performance

NBET vs. NBJP - Performance Comparison

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

Returns By Period

In the year-to-date period, NBET achieves a 25.25% return, which is significantly higher than NBJP's 13.24% return.

NBET

• 1D: 0.23%
• 1M: 4.68%
• 6M: 20.69%
• YTD: 25.25%
• 1Y: 28.14%
• 3Y*: 18.96%
• 5Y*: —
• 10Y*: —

NBJP

• 1D: -2.10%
• 1M: -7.58%
• 6M: 6.13%
• YTD: 13.24%
• 1Y: 29.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBET vs. NBJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NBET Neuberger Berman Energy Transition & Infrastructure ETF	25.25%	5.87%	12.32%
NBJP Neuberger Berman Japan Equity ETF	13.24%	30.41%	-2.65%

Correlation

The correlation between NBET and NBJP is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Sep 12, 2024	0.17

The correlation between NBET and NBJP shifts across timeframes, from -0.02 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NBET vs. NBJP — Risk / Return Rank

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

NBET

NBET Risk / Return Rank: 73
NBET Sharpe Ratio Rank: 77
NBET Sortino Ratio Rank: 73
NBET Omega Ratio Rank: 67
NBET Calmar Ratio Rank: 85
NBET Martin Ratio Rank: 65

NBJP

NBJP Risk / Return Rank: 52
NBJP Sharpe Ratio Rank: 52
NBJP Sortino Ratio Rank: 50
NBJP Omega Ratio Rank: 51
NBJP Calmar Ratio Rank: 53
NBJP Martin Ratio Rank: 54

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. NBJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Energy Transition & Infrastructure ETF (NBET) and Neuberger Berman Japan Equity ETF (NBJP). 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	NBJP	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.37	+0.51
Sortino ratio: Return per unit of downside risk	2.53	1.93	+0.60
Omega ratio: Gain probability vs. loss probability	1.31	1.25	+0.06
Calmar ratio: Return relative to maximum drawdown	3.53	2.07	+1.46
Martin ratio: Return relative to average drawdown	8.71	6.96	+1.75

NBET vs. NBJP - Sharpe Ratio Comparison

The current NBET Sharpe Ratio is 1.88, which is higher than the NBJP Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of NBET and NBJP, 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. NBJP - Drawdown Comparison

The maximum NBET drawdown since its inception was -18.72%, which is greater than NBJP's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for NBET and NBJP.

Drawdown Indicators

	NBET	NBJP	Difference
Max Drawdown Largest peak-to-trough decline	-18.72%	-14.34%	-4.38%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	-14.34%	+6.34%
Max Drawdown (3Y) Largest decline over 3 years	-18.72%	—	—
Current Drawdown Current decline from peak	-3.55%	-10.18%	+6.63%
Average Drawdown Average peak-to-trough decline	-5.08%	-3.27%	-1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	4.25%	-1.01%

Volatility

NBET vs. NBJP - Volatility Comparison

The current volatility for Neuberger Berman Energy Transition & Infrastructure ETF (NBET) is 4.78%, while Neuberger Berman Japan Equity ETF (NBJP) has a volatility of 8.19%. This indicates that NBET experiences smaller price fluctuations and is considered to be less risky than NBJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBET	NBJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.78%	8.19%	-3.41%
Volatility (6M) Calculated over the trailing 6-month period	11.52%	18.96%	-7.44%
Volatility (1Y) Calculated over the trailing 1-year period	15.03%	21.67%	-6.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.45%	20.31%	-0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.45%	20.31%	-0.86%

NBET vs. NBJP - Expense Ratio Comparison

NBET has a 0.65% expense ratio, which is higher than NBJP's 0.50% expense ratio.

Dividends

NBET vs. NBJP - Dividend Comparison

NBET's dividend yield for the trailing twelve months is around 2.41%, more than NBJP's 2.02% yield.

Position	TTM	2025	2024	2023	2022
NBET Neuberger Berman Energy Transition & Infrastructure ETF	2.41%	2.70%	2.43%	1.22%	0.87%
NBJP Neuberger Berman Japan Equity ETF	2.02%	2.29%	0.75%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NBET and NBJP in my portfolio?

NBET and NBJP have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NBET or NBJP?

NBJP has higher volatility (8.19%) compared to NBET (4.78%). In terms of maximum drawdown, NBET dropped -18.72% vs NBJP's -14.34%.

Which ETF is better, NBET or NBJP?

On 1-year performance, NBJP leads with 29.53% vs 28.14% for NBET. On fees, NBJP is cheaper at 0.50% per year. On volatility, NBET has been the lower-risk option at 4.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NBET or NBJP?

Over the 1-year period, NBJP has performed better with a 29.53% return vs 28.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NBET or NBJP?

NBJP is cheaper with a 0.50% expense ratio, compared with 0.65% for NBET.

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

NBET has the higher dividend yield at 2.41%, compared with 2.02% for NBJP.

What is the main difference between NBET and NBJP?

NBET is categorized as Energy Equities, while NBJP is Japan Equities. Their fees differ too: 0.65% for NBET and 0.50% for NBJP.

Which has better risk-adjusted returns?

NBET currently has the higher Sharpe Ratio (1.88 vs 1.37), 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.