NBET vs. PWRZ
NBET (Neuberger Berman Energy Transition & Infrastructure ETF) and PWRZ (TrueShares Eagle Global Next Gen Power Infrastructure ETF) are both Energy Equities funds. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. NBET charges 0.65%/yr vs 0.75%/yr for PWRZ.
Performance
NBET vs. PWRZ - Performance Comparison
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Returns By Period
NBET
- 1D
- 1.82%
- 1M
- 1.45%
- 6M
- 24.10%
- YTD
- 24.88%
- 1Y
- 27.27%
- 3Y*
- 19.42%
- 5Y*
- —
- 10Y*
- —
PWRZ
- 1D
- -0.17%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NBET vs. PWRZ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NBET Neuberger Berman Energy Transition & Infrastructure ETF | 1.64% |
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF | -0.40% |
Correlation
The correlation between NBET and PWRZ is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 10, 2026 | 1.00 |
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Return for Risk
NBET vs. PWRZ — Risk / Return Rank
NBET
PWRZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NBET vs. PWRZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Energy Transition & Infrastructure ETF (NBET) and TrueShares Eagle Global Next Gen Power Infrastructure ETF (PWRZ). 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 | PWRZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | — | — |
| Martin ratioReturn relative to average drawdown | 8.53 | — | — |
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Drawdowns
NBET vs. PWRZ - Drawdown Comparison
The maximum NBET drawdown since its inception was -18.72%, which is greater than PWRZ's maximum drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for NBET and PWRZ.
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Drawdown Indicators
| NBET | PWRZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.72% | -0.40% | -18.32% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.72% | — | — |
Current DrawdownCurrent decline from peak | -3.83% | -0.40% | -3.43% |
Average DrawdownAverage peak-to-trough decline | -5.08% | -0.31% | -4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | — | — |
Volatility
NBET vs. PWRZ - Volatility Comparison
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Volatility by Period
| NBET | PWRZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.47% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.04% | 0.62% | +14.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.47% | 0.62% | +18.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.47% | 0.62% | +18.85% |
NBET vs. PWRZ - Expense Ratio Comparison
NBET has a 0.65% expense ratio, which is lower than PWRZ's 0.75% expense ratio.
Dividends
NBET vs. PWRZ - Dividend Comparison
NBET's dividend yield for the trailing twelve months is around 2.41%, while PWRZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
NBET Neuberger Berman Energy Transition & Infrastructure ETF | 2.41% | 2.70% | 2.43% | 1.22% | 0.87% |
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, NBET and PWRZ 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.
On fees, NBET is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NBET is cheaper with a 0.65% expense ratio, compared with 0.75% for PWRZ.
NBET has the higher dividend yield at 2.41%, compared with 0.00% for PWRZ.
They also come from different issuers: Neuberger Berman and TrueShares. Their fees differ too: 0.65% for NBET and 0.75% for PWRZ.
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