NBET vs. TOLZ
NBET (Neuberger Berman Energy Transition & Infrastructure ETF) and TOLZ (ProShares DJ Brookfield Global Infrastructure ETF) are both Infrastructure Equities funds. NBET is actively managed, while TOLZ is passively managed. Over the past 3 years, NBET returned 19.60%/yr vs 14.11%/yr for TOLZ. Their 0.72 correlation means they have sometimes moved together and sometimes differently. NBET charges 0.65%/yr vs 0.46%/yr for TOLZ.
Performance
NBET vs. TOLZ - Performance Comparison
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Returns By Period
In the year-to-date period, NBET achieves a 24.97% return, which is significantly higher than TOLZ's 12.26% return.
NBET
- 1D
- 0.93%
- 1M
- 3.95%
- 6M
- 14.68%
- YTD
- 24.97%
- 1Y
- 27.68%
- 3Y*
- 19.60%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.70%
TOLZ
- 1D
- -0.70%
- 1M
- 0.30%
- 6M
- 7.13%
- YTD
- 12.26%
- 1Y
- 15.76%
- 3Y*
- 14.11%
- 5Y*
- 8.83%
- 10Y*
- 7.50%
- ALL TIME*
- 6.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $197.04K | $221.77K | $179.90K | |
| $2.85M | $1.54M | $1.36M |
NBET vs. TOLZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NBET Neuberger Berman Energy Transition & Infrastructure ETF | 24.97% | 5.87% | 30.30% | 7.48% | -6.07% |
TOLZ ProShares DJ Brookfield Global Infrastructure ETF | 12.26% | 14.76% | 11.67% | 6.18% | -9.66% |
Correlation
The correlation between NBET and TOLZ is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2022 | 0.72 |
The correlation between NBET and TOLZ has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
NBET vs. TOLZ - Sectors Allocation Comparison
Sectors
NBET
TOLZ
Energy
Utilities
Industrials
Basic Materials
-
Communication Services
-
-
Consumer Cyclical
-
Consumer Defensive
-
Financial Services
-
Healthcare
-
-
Real Estate
-
Technology
-
Energy
NBET
TOLZ
Utilities
NBET
TOLZ
Industrials
NBET
TOLZ
Basic Materials
NBET
TOLZ
-
Communication Services
NBET
-
TOLZ
-
Consumer Cyclical
NBET
-
TOLZ
Consumer Defensive
NBET
-
TOLZ
Financial Services
NBET
-
TOLZ
Healthcare
NBET
-
TOLZ
-
Real Estate
NBET
-
TOLZ
Technology
NBET
-
TOLZ
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Return for Risk
NBET vs. TOLZ — Risk / Return Rank
NBET
TOLZ
NBET vs. TOLZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Energy Transition & Infrastructure ETF (NBET) and ProShares DJ Brookfield Global Infrastructure ETF (TOLZ). 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 | TOLZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 3.20 | +0.10 |
| Martin ratioReturn relative to average drawdown | 8.03 | 8.87 | -0.84 |
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Drawdowns
NBET vs. TOLZ - Drawdown Comparison
The maximum NBET drawdown since its inception was -18.72%, smaller than the maximum TOLZ drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for NBET and TOLZ.
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Drawdown Indicators
| NBET | TOLZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.72% | -39.33% | +20.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -5.18% | -2.82% |
Max Drawdown (3Y)Largest decline over 3 years | -17.38% | -9.26% | -8.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.33% | — |
Current DrawdownCurrent decline from peak | -3.76% | -2.30% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -6.57% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 1.86% | +1.44% |
Volatility
NBET vs. TOLZ - Volatility Comparison
Neuberger Berman Energy Transition & Infrastructure ETF (NBET) has a higher volatility of 5.11% compared to ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) at 3.58%. This indicates that NBET's price experiences larger fluctuations and is considered to be riskier than TOLZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NBET | TOLZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 3.58% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 11.79% | 8.79% | +3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.92% | 10.70% | +4.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.43% | 14.03% | +5.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.43% | 16.23% | +3.20% |
NBET vs. TOLZ - Expense Ratio Comparison
NBET has a 0.65% expense ratio, which is higher than TOLZ's 0.46% expense ratio.
Dividends
NBET vs. TOLZ - Dividend Comparison
NBET's dividend yield for the trailing twelve months is around 2.41%, less than TOLZ's 2.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NBET Neuberger Berman Energy Transition & Infrastructure ETF | 2.41% | 2.70% | 2.43% | 1.22% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TOLZ ProShares DJ Brookfield Global Infrastructure ETF | 2.97% | 3.99% | 3.53% | 3.34% | 3.01% | 3.28% | 3.16% | 2.96% | 3.63% | 3.30% | 2.62% | 3.67% |
Frequently Asked Questions
NBET and TOLZ have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBET has higher volatility (5.11%) compared to TOLZ (3.58%). In terms of maximum drawdown, NBET dropped -18.72% vs TOLZ's -39.33%.
On 3-year performance, NBET leads with 19.60% vs 14.11% for TOLZ. On fees, TOLZ is cheaper at 0.46% per year. On volatility, TOLZ has been the lower-risk option at 3.58%. 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 19.60% return vs 14.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TOLZ is cheaper with a 0.46% expense ratio, compared with 0.65% for NBET.
TOLZ has the higher dividend yield at 2.97%, compared with 2.41% for NBET.
They also come from different issuers: Neuberger Berman and ProShares. Their fees differ too: 0.65% for NBET and 0.46% for TOLZ.
NBET currently has the higher Sharpe Ratio (1.77 vs 1.55), 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.
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