NBET vs. XLEI

Last updated Jun 24, 2026

NBET (Neuberger Berman Energy Transition & Infrastructure ETF) and XLEI (State Street Energy Select Sector SPDR Premium Income ETF) are both Energy Equities funds. NBET is actively managed, while XLEI is passively managed. Their correlation of 0.83 suggests significant overlap in exposure. NBET charges 0.65%/yr vs 0.35%/yr for XLEI.

Performance

NBET vs. XLEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Energy Transition & Infrastructure ETF (NBET) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBET achieves a 20.80% return, which is significantly higher than XLEI's 14.83% return.

NBET

• 1D: 0.19%
• 1M: -5.87%
• YTD: 20.80%
• 6M: 20.90%
• 1Y: 23.09%
• 3Y*: 19.86%
• 5Y*: —
• 10Y*: —

XLEI

• 1D: 0.44%
• 1M: -4.42%
• YTD: 14.83%
• 6M: 15.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBET vs. XLEI - Yearly Performance Comparison

	2026 (YTD)	2025
NBET Neuberger Berman Energy Transition & Infrastructure ETF	20.80%	1.09%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	14.83%	6.17%

Correlation

The correlation between NBET and XLEI 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 (All Time) Calculated using the full available price history since Jul 30, 2025	0.83

NBET vs. XLEI - Sectors Allocation Comparison

Sectors	NBET	XLEI
Energy	88.7%	100.0%
Utilities	9.0%	-
Industrials	2.3%	-
Basic Materials	0.9%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	100.3%
Healthcare	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

NBET vs. XLEI — Risk / Return Rank

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

NBET

NBET Risk / Return Rank: 51
NBET Sharpe Ratio Rank: 50
NBET Sortino Ratio Rank: 47
NBET Omega Ratio Rank: 44
NBET Calmar Ratio Rank: 64
NBET Martin Ratio Rank: 50

XLEI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. XLEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Energy Transition & Infrastructure ETF (NBET) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). 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	XLEI	Difference
Sharpe ratio: Return per unit of total volatility	1.59	—	—
Sortino ratio: Return per unit of downside risk	2.15	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.90	—	—
Martin ratio: Return relative to average drawdown	7.90	—	—

Drawdowns

NBET vs. XLEI - Drawdown Comparison

The maximum NBET drawdown since its inception was -18.72%, which is greater than XLEI's maximum drawdown of -7.98%. Use the drawdown chart below to compare losses from any high point for NBET and XLEI.

Drawdown Indicators

	NBET	XLEI	Difference
Max Drawdown Largest peak-to-trough decline	-18.72%	-7.98%	-10.74%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.72%	—	—
Current Drawdown Current decline from peak	-6.98%	-5.56%	-1.42%
Average Drawdown Average peak-to-trough decline	-5.07%	-1.67%	-3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	—	—

Volatility

Volatility by Period

	NBET	XLEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.66%	13.89%	+0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.48%	13.89%	+5.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.48%	13.89%	+5.59%

NBET vs. XLEI - Expense Ratio Comparison

NBET has a 0.65% expense ratio, which is higher than XLEI's 0.35% expense ratio.

Dividends

NBET vs. XLEI - Dividend Comparison

NBET's dividend yield for the trailing twelve months is around 1.71%, less than XLEI's 17.40% yield.

Position	TTM	2025	2024	2023	2022
NBET Neuberger Berman Energy Transition & Infrastructure ETF	1.71%	2.70%	2.43%	1.22%	0.87%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	17.40%	10.17%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NBET and XLEI in my portfolio?

NBET and XLEI 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.

Which ETF is better, NBET or XLEI?

On fees, XLEI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NBET or XLEI?

XLEI is cheaper with a 0.35% expense ratio, compared with 0.65% for NBET.

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

XLEI has the higher dividend yield at 17.40%, compared with 1.71% for NBET.

What is the main difference between NBET and XLEI?

They also come from different issuers: Neuberger Berman and State Street. Their fees differ too: 0.65% for NBET and 0.35% for XLEI.