NBGX vs. NBIE

Last updated Jun 5, 2026

NBGX (Neuberger Growth ETF) and NBIE (Neuberger International Core Equity ETF) are both exchange-traded funds - NBGX is a Large Cap Growth Equities fund actively managed by Neuberger, while NBIE is a Foreign Large Cap Equities fund actively managed by Neuberger. Both are actively managed. A 0.76 correlation means they provide meaningful diversification when combined. NBGX charges 0.44%/yr vs 0.29%/yr for NBIE.

Performance

NBGX vs. NBIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Growth ETF (NBGX) and Neuberger International Core Equity ETF (NBIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NBGX

• 1D: 0.41%
• 1M: 3.51%
• YTD: 6.18%
• 6M: 5.66%
• 1Y: 19.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NBIE

• 1D: 0.85%
• 1M: 3.64%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBGX vs. NBIE - Yearly Performance Comparison

	2026 (YTD)
NBGX Neuberger Growth ETF	11.02%
NBIE Neuberger International Core Equity ETF	5.64%

Correlation

The correlation between NBGX and NBIE is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 10, 2026	0.76

Return for Risk

NBGX vs. NBIE — Risk / Return Rank

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

NBGX

NBGX Risk / Return Rank: 34
NBGX Sharpe Ratio Rank: 39
NBGX Sortino Ratio Rank: 38
NBGX Omega Ratio Rank: 37
NBGX Calmar Ratio Rank: 27
NBGX Martin Ratio Rank: 31

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. NBIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Growth ETF (NBGX) and Neuberger International Core Equity ETF (NBIE). 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.

	NBGX	NBIE	Difference
Sharpe ratio: Return per unit of total volatility	1.36	—	—
Sortino ratio: Return per unit of downside risk	1.92	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.29	—	—
Martin ratio: Return relative to average drawdown	4.44	—	—
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

	NBGX	NBIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	1.30	-0.53

Drawdowns

NBGX vs. NBIE - Drawdown Comparison

The maximum NBGX drawdown since its inception was -21.55%, which is greater than NBIE's maximum drawdown of -5.76%. Use the drawdown chart below to compare losses from any high point for NBGX and NBIE.

Drawdown Indicators

	NBGX	NBIE	Difference
Max Drawdown Largest peak-to-trough decline	-21.55%	-5.76%	-15.79%
Max Drawdown (1Y) Largest decline over 1 year	-14.86%	—	—
Current Drawdown Current decline from peak	-0.86%	0.00%	-0.86%
Average Drawdown Average peak-to-trough decline	-3.92%	-1.59%	-2.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.31%	—	—

Volatility

Volatility by Period

	NBGX	NBIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.15%	19.72%	-5.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.96%	19.72%	+0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.96%	19.72%	+0.24%

NBGX vs. NBIE - Expense Ratio Comparison

NBGX has a 0.44% expense ratio, which is higher than NBIE's 0.29% expense ratio.

Dividends

NBGX vs. NBIE - Dividend Comparison

NBGX's dividend yield for the trailing twelve months is around 0.39%, while NBIE has not paid dividends to shareholders.

Position	TTM	2025
NBGX Neuberger Growth ETF	0.39%	0.41%
NBIE Neuberger International Core Equity ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both NBGX and NBIE in my portfolio?

NBGX and NBIE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBGX or NBIE?

On fees, NBIE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NBGX or NBIE?

NBIE is cheaper with a 0.29% expense ratio, compared with 0.44% for NBGX.

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

NBGX has the higher dividend yield at 0.39%, compared with 0.00% for NBIE.

What is the main difference between NBGX and NBIE?

NBGX is categorized as Large Cap Growth Equities, while NBIE is Foreign Large Cap Equities. Their fees differ too: 0.44% for NBGX and 0.29% for NBIE.