NBFC vs. TMB
NBFC (Flexible Credit Income ETF) and TMB (Thornburg Multi Sector Bond ETF) are both Multisector Bonds funds. Both are actively managed. Their 0.45 correlation means their historical movements had little consistent relationship. NBFC charges 0.40%/yr vs 0.55%/yr for TMB.
Performance
NBFC vs. TMB - Performance Comparison
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Returns By Period
NBFC
- 1D
- 0.07%
- 1M
- -0.52%
- 6M
- 0.65%
- YTD
- 1.39%
- 1Y
- 4.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.47%
TMB
- 1D
- -0.20%
- 1M
- -0.71%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $26.03K | $56.02K | $43.83K | |
| $601.84K | $953.39K | $1.85M |
NBFC vs. TMB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NBFC Flexible Credit Income ETF | 0.33% |
TMB Thornburg Multi Sector Bond ETF | 0.03% |
Correlation
The correlation between NBFC and TMB is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 26, 2026 | 0.45 |
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Return for Risk
NBFC vs. TMB — Risk / Return Rank
NBFC
TMB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NBFC vs. TMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flexible Credit Income ETF (NBFC) and Thornburg Multi Sector Bond ETF (TMB). 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.
| NBFC | TMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | — | — |
| Martin ratioReturn relative to average drawdown | 8.16 | — | — |
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Drawdowns
NBFC vs. TMB - Drawdown Comparison
The maximum NBFC drawdown since its inception was -3.99%, which is greater than TMB's maximum drawdown of -0.91%. Use the drawdown chart below to compare losses from any high point for NBFC and TMB.
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Drawdown Indicators
| NBFC | TMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.99% | -0.91% | -3.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | — | — |
Current DrawdownCurrent decline from peak | -0.66% | -0.89% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -0.43% | -0.35% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | — | — |
Volatility
NBFC vs. TMB - Volatility Comparison
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Volatility by Period
| NBFC | TMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 3.19% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.56% | 3.19% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.56% | 3.19% | +0.37% |
NBFC vs. TMB - Expense Ratio Comparison
NBFC has a 0.40% expense ratio, which is lower than TMB's 0.55% expense ratio.
Dividends
NBFC vs. TMB - Dividend Comparison
NBFC's dividend yield for the trailing twelve months is around 7.27%, more than TMB's 1.13% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NBFC Flexible Credit Income ETF | 7.27% | 7.71% | 3.95% |
TMB Thornburg Multi Sector Bond ETF | 1.13% | 0.00% | 0.00% |
Frequently Asked Questions
NBFC and TMB have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NBFC is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NBFC is cheaper with a 0.40% expense ratio, compared with 0.55% for TMB.
NBFC has the higher dividend yield at 7.27%, compared with 1.13% for TMB.
They also come from different issuers: Neuberger and Thornburg. Their fees differ too: 0.40% for NBFC and 0.55% for TMB.
Find the right allocation for NBFC and TMB
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