NBET vs. TNGY

Last updated Jun 3, 2026

NBET (Neuberger Berman Energy Transition & Infrastructure ETF) and TNGY (Tortoise Energy Fund) are both Energy Equities funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. NBET charges 0.65%/yr vs 0.85%/yr for TNGY.

Performance

NBET vs. TNGY - Performance Comparison

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

Returns By Period

In the year-to-date period, NBET achieves a 23.49% return, which is significantly higher than TNGY's 14.76% return.

NBET

• 1D: 1.28%
• 1M: -2.73%
• YTD: 23.49%
• 6M: 22.85%
• 1Y: 27.83%
• 3Y*: 20.50%
• 5Y*: —
• 10Y*: —

TNGY

• 1D: 1.58%
• 1M: -2.13%
• YTD: 14.76%
• 6M: 13.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBET vs. TNGY - Yearly Performance Comparison

	2026 (YTD)	2025
NBET Neuberger Berman Energy Transition & Infrastructure ETF	23.49%	0.96%
TNGY Tortoise Energy Fund	14.76%	1.81%

Correlation

The correlation between NBET and TNGY is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025	0.82

Return for Risk

NBET vs. TNGY — Risk / Return Rank

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

NBET

NBET Risk / Return Rank: 60
NBET Sharpe Ratio Rank: 55
NBET Sortino Ratio Rank: 51
NBET Omega Ratio Rank: 49
NBET Calmar Ratio Rank: 81
NBET Martin Ratio Rank: 62

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. TNGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Energy Transition & Infrastructure ETF (NBET) and Tortoise Energy Fund (TNGY). 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.

	NBET	TNGY	Difference
Sharpe ratio Return per unit of total volatility	1.91	—	—
Sortino ratio Return per unit of downside risk	2.54	—	—
Omega ratio Gain probability vs. loss probability	1.31	—	—
Calmar ratio Return relative to maximum drawdown	4.31	—	—
Martin ratio Return relative to average drawdown	11.44	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NBET	TNGY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	1.13	-0.41

Drawdowns

NBET vs. TNGY - Drawdown Comparison

The maximum NBET drawdown since its inception was -18.72%, which is greater than TNGY's maximum drawdown of -8.86%. Use the drawdown chart below to compare losses from any high point for NBET and TNGY.

Drawdown Indicators

	NBET	TNGY	Difference
Max Drawdown Largest peak-to-trough decline	-18.72%	-8.86%	-9.86%
Max Drawdown (1Y) Largest decline over 1 year	-6.84%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.72%	—	—
Current Drawdown Current decline from peak	-4.90%	-4.29%	-0.61%
Average Drawdown Average peak-to-trough decline	-5.06%	-2.17%	-2.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	—	—

Volatility

Volatility by Period

	NBET	TNGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.83%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.66%	15.73%	-1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.55%	15.73%	+3.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.55%	15.73%	+3.82%

NBET vs. TNGY - Expense Ratio Comparison

NBET has a 0.65% expense ratio, which is lower than TNGY's 0.85% expense ratio.

Dividends

NBET vs. TNGY - Dividend Comparison

NBET's dividend yield for the trailing twelve months is around 2.35%, less than TNGY's 3.43% yield.

Position	TTM	2025	2024	2023	2022
NBET Neuberger Berman Energy Transition & Infrastructure ETF	2.35%	2.70%	2.43%	1.22%	0.87%
TNGY Tortoise Energy Fund	3.43%	2.59%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NBET and TNGY in my portfolio?

NBET and TNGY have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBET or TNGY?

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.

Which ETF is cheaper, NBET or TNGY?

NBET is cheaper with a 0.65% expense ratio, compared with 0.85% for TNGY.

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

TNGY has the higher dividend yield at 3.43%, compared with 2.35% for NBET.

What is the main difference between NBET and TNGY?

They also come from different issuers: Neuberger Berman and Tortoise Capital. Their fees differ too: 0.65% for NBET and 0.85% for TNGY.