NBGX vs. FMTM

Last updated Jun 23, 2026

NBGX (Neuberger Growth ETF) and FMTM (MarketDesk Focused U.S. Momentum ETF) are both exchange-traded funds - NBGX is a Large Cap Growth Equities fund actively managed by Neuberger, while FMTM is a Momentum fund. Both are actively managed. Over the past year, NBGX returned 17.99% vs 68.30% for FMTM. A 0.62 correlation means they provide meaningful diversification when combined. NBGX charges 0.44%/yr vs 0.45%/yr for FMTM.

Performance

NBGX vs. FMTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Growth ETF (NBGX) and MarketDesk Focused U.S. Momentum ETF (FMTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBGX achieves a 3.93% return, which is significantly lower than FMTM's 35.17% return.

NBGX

• 1D: -1.22%
• 1M: -1.16%
• YTD: 3.93%
• 6M: 4.10%
• 1Y: 17.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FMTM

• 1D: 2.21%
• 1M: 8.01%
• YTD: 35.17%
• 6M: 32.77%
• 1Y: 68.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBGX vs. FMTM - Yearly Performance Comparison

	2026 (YTD)	2025
NBGX Neuberger Growth ETF	3.93%	23.69%
FMTM MarketDesk Focused U.S. Momentum ETF	35.17%	28.21%

Correlation

The correlation between NBGX and FMTM is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.62

The correlation between NBGX and FMTM has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.

Return for Risk

NBGX vs. FMTM — Risk / Return Rank

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

NBGX

NBGX Risk / Return Rank: 32
NBGX Sharpe Ratio Rank: 35
NBGX Sortino Ratio Rank: 34
NBGX Omega Ratio Rank: 34
NBGX Calmar Ratio Rank: 26
NBGX Martin Ratio Rank: 30

FMTM

FMTM Risk / Return Rank: 87
FMTM Sharpe Ratio Rank: 89
FMTM Sortino Ratio Rank: 81
FMTM Omega Ratio Rank: 82
FMTM Calmar Ratio Rank: 92
FMTM Martin Ratio Rank: 92

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.

NBGX vs. FMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Growth ETF (NBGX) and MarketDesk Focused U.S. Momentum ETF (FMTM). 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.

	NBGX	FMTM	Difference
Sharpe ratio: Return per unit of total volatility	1.23	2.86	-1.64
Sortino ratio: Return per unit of downside risk	1.74	3.43	-1.69
Omega ratio: Gain probability vs. loss probability	1.22	1.47	-0.25
Calmar ratio: Return relative to maximum drawdown	1.22	5.66	-4.45
Martin ratio: Return relative to average drawdown	4.13	21.64	-17.50

NBGX vs. FMTM - Sharpe Ratio Comparison

The current NBGX Sharpe Ratio is 1.23, which is lower than the FMTM Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of NBGX and FMTM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NBGX vs. FMTM - Drawdown Comparison

The maximum NBGX drawdown since its inception was -21.55%, which is greater than FMTM's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for NBGX and FMTM.

Drawdown Indicators

	NBGX	FMTM	Difference
Max Drawdown Largest peak-to-trough decline	-21.55%	-12.12%	-9.43%
Max Drawdown (1Y) Largest decline over 1 year	-14.86%	-12.12%	-2.74%
Current Drawdown Current decline from peak	-2.96%	0.00%	-2.96%
Average Drawdown Average peak-to-trough decline	-3.89%	-1.90%	-1.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	3.17%	+1.20%

Volatility

NBGX vs. FMTM - Volatility Comparison

The current volatility for Neuberger Growth ETF (NBGX) is 5.12%, while MarketDesk Focused U.S. Momentum ETF (FMTM) has a volatility of 8.52%. This indicates that NBGX experiences smaller price fluctuations and is considered to be less risky than FMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBGX	FMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.12%	8.52%	-3.40%
Volatility (6M) Calculated over the trailing 6-month period	11.51%	18.74%	-7.23%
Volatility (1Y) Calculated over the trailing 1-year period	14.78%	24.04%	-9.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.04%	23.49%	-3.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.04%	23.49%	-3.45%

NBGX vs. FMTM - Expense Ratio Comparison

NBGX has a 0.44% expense ratio, which is lower than FMTM's 0.45% expense ratio.

Dividends

NBGX vs. FMTM - Dividend Comparison

NBGX's dividend yield for the trailing twelve months is around 0.39%, more than FMTM's 0.22% yield.

Position	TTM	2025
FMTM MarketDesk Focused U.S. Momentum ETF	0.22%	0.30%
NBGX Neuberger Growth ETF	0.39%	0.41%

Frequently Asked Questions

Can I hold both NBGX and FMTM in my portfolio?

NBGX and FMTM have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NBGX or FMTM?

FMTM has higher volatility (8.52%) compared to NBGX (5.12%). In terms of maximum drawdown, NBGX dropped -21.55% vs FMTM's -12.12%.

Which ETF is better, NBGX or FMTM?

On 1-year performance, FMTM leads with 68.30% vs 17.99% for NBGX. On fees, NBGX is cheaper at 0.44% per year. On volatility, NBGX has been the lower-risk option at 5.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NBGX or FMTM?

Over the 1-year period, FMTM has performed better with a 68.30% return vs 17.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NBGX or FMTM?

NBGX is cheaper with a 0.44% expense ratio, compared with 0.45% for FMTM.

Which ETF pays a higher dividend yield, NBGX or FMTM?

NBGX has the higher dividend yield at 0.39%, compared with 0.22% for FMTM.

What is the main difference between NBGX and FMTM?

NBGX is categorized as Large Cap Growth Equities, while FMTM is Momentum. Their fees differ too: 0.44% for NBGX and 0.45% for FMTM.

Which has better risk-adjusted returns?

FMTM currently has the higher Sharpe Ratio (2.86 vs 1.23), 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.