NBIE vs. NBTR

Last updated Jun 5, 2026

NBIE (Neuberger International Core Equity ETF) and NBTR (Neuberger Total Return Bond ETF) are both exchange-traded funds - NBIE is a Foreign Large Cap Equities fund actively managed by Neuberger, while NBTR is a Intermediate Core-Plus Bond fund actively managed by Neuberger. Both are actively managed. A 0.77 correlation means they provide meaningful diversification when combined. NBIE charges 0.29%/yr vs 0.37%/yr for NBTR.

Performance

NBIE vs. NBTR - Performance Comparison

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

Returns By Period

NBIE

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

NBTR

• 1D: 0.08%
• 1M: 0.28%
• YTD: 0.54%
• 6M: 0.85%
• 1Y: 5.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBIE vs. NBTR - Yearly Performance Comparison

	2026 (YTD)
NBIE Neuberger International Core Equity ETF	5.64%
NBTR Neuberger Total Return Bond ETF	-0.53%

Correlation

The correlation between NBIE and NBTR is 0.77, 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	0.77

Return for Risk

NBIE vs. NBTR — Risk / Return Rank

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

NBTR

NBTR Risk / Return Rank: 45
NBTR Sharpe Ratio Rank: 46
NBTR Sortino Ratio Rank: 48
NBTR Omega Ratio Rank: 45
NBTR Calmar Ratio Rank: 45
NBTR Martin Ratio Rank: 43

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.

NBIE vs. NBTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger International Core Equity ETF (NBIE) and Neuberger Total Return Bond ETF (NBTR). 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.

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

Sharpe Ratios by Period

	NBIE	NBTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	1.40	-0.10

Drawdowns

NBIE vs. NBTR - Drawdown Comparison

The maximum NBIE drawdown since its inception was -5.76%, which is greater than NBTR's maximum drawdown of -2.58%. Use the drawdown chart below to compare losses from any high point for NBIE and NBTR.

Drawdown Indicators

	NBIE	NBTR	Difference
Max Drawdown Largest peak-to-trough decline	-5.76%	-2.58%	-3.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.54%	—
Current Drawdown Current decline from peak	0.00%	-1.10%	+1.10%
Average Drawdown Average peak-to-trough decline	-1.59%	-0.59%	-1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.81%	—

Volatility

Volatility by Period

	NBIE	NBTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.72%	3.55%	+16.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.72%	4.09%	+15.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.72%	4.09%	+15.63%

NBIE vs. NBTR - Expense Ratio Comparison

NBIE has a 0.29% expense ratio, which is lower than NBTR's 0.37% expense ratio.

Dividends

NBIE vs. NBTR - Dividend Comparison

NBIE has not paid dividends to shareholders, while NBTR's dividend yield for the trailing twelve months is around 5.58%.

Position	TTM	2025
NBIE Neuberger International Core Equity ETF	0.00%	0.00%
NBTR Neuberger Total Return Bond ETF	5.58%	5.76%

Frequently Asked Questions

Can I hold both NBIE and NBTR in my portfolio?

NBIE and NBTR have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBIE or NBTR?

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, NBIE or NBTR?

NBIE is cheaper with a 0.29% expense ratio, compared with 0.37% for NBTR.

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

NBTR has the higher dividend yield at 5.58%, compared with 0.00% for NBIE.

What is the main difference between NBIE and NBTR?

NBIE is categorized as Foreign Large Cap Equities, while NBTR is Intermediate Core-Plus Bond. Their fees differ too: 0.29% for NBIE and 0.37% for NBTR.