NBJP vs. NEMD

Last updated Jun 4, 2026

NBJP (Neuberger Berman Japan Equity ETF) and NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) are both exchange-traded funds - NBJP is a Japan Equities fund actively managed by Neuberger Berman, while NEMD is a Emerging Markets Bonds fund actively managed by Neuberger Berman. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. NBJP charges 0.50%/yr vs 0.60%/yr for NEMD.

Performance

NBJP vs. NEMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Japan Equity ETF (NBJP) and Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBJP achieves a 18.88% return, which is significantly higher than NEMD's 3.76% return.

NBJP

• 1D: 0.32%
• 1M: 7.23%
• YTD: 18.88%
• 6M: 21.26%
• 1Y: 35.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NEMD

• 1D: -0.39%
• 1M: 1.56%
• YTD: 3.76%
• 6M: 4.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBJP vs. NEMD - Yearly Performance Comparison

	2026 (YTD)	2025
NBJP Neuberger Berman Japan Equity ETF	18.88%	7.20%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	3.76%	7.07%

Correlation

The correlation between NBJP and NEMD is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 12, 2025	0.44

Return for Risk

NBJP vs. NEMD — Risk / Return Rank

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

NBJP

NBJP Risk / Return Rank: 52
NBJP Sharpe Ratio Rank: 53
NBJP Sortino Ratio Rank: 53
NBJP Omega Ratio Rank: 53
NBJP Calmar Ratio Rank: 51
NBJP Martin Ratio Rank: 52

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.

NBJP vs. NEMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Japan Equity ETF (NBJP) and Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD). 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.

	NBJP	NEMD	Difference
Sharpe ratio Return per unit of total volatility	1.79	—	—
Sortino ratio Return per unit of downside risk	2.55	—	—
Omega ratio Gain probability vs. loss probability	1.32	—	—
Calmar ratio Return relative to maximum drawdown	2.46	—	—
Martin ratio Return relative to average drawdown	8.84	—	—
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

	NBJP	NEMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	2.14	-0.77

Drawdowns

NBJP vs. NEMD - Drawdown Comparison

The maximum NBJP drawdown since its inception was -14.34%, which is greater than NEMD's maximum drawdown of -4.43%. Use the drawdown chart below to compare losses from any high point for NBJP and NEMD.

Drawdown Indicators

	NBJP	NEMD	Difference
Max Drawdown Largest peak-to-trough decline	-14.34%	-4.43%	-9.91%
Max Drawdown (1Y) Largest decline over 1 year	-14.34%	—	—
Current Drawdown Current decline from peak	-0.79%	-0.39%	-0.40%
Average Drawdown Average peak-to-trough decline	-3.22%	-0.57%	-2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.98%	—	—

Volatility

Volatility by Period

	NBJP	NEMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.49%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.76%	6.51%	+13.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.55%	6.51%	+13.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.55%	6.51%	+13.04%

NBJP vs. NEMD - Expense Ratio Comparison

NBJP has a 0.50% expense ratio, which is lower than NEMD's 0.60% expense ratio.

Dividends

NBJP vs. NEMD - Dividend Comparison

NBJP's dividend yield for the trailing twelve months is around 1.92%, less than NEMD's 4.73% yield.

Position	TTM	2025	2024
NBJP Neuberger Berman Japan Equity ETF	1.92%	2.29%	0.75%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	4.73%	2.39%	0.00%

Frequently Asked Questions

Can I hold both NBJP and NEMD in my portfolio?

NBJP and NEMD have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBJP or NEMD?

On fees, NBJP is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NBJP or NEMD?

NBJP is cheaper with a 0.50% expense ratio, compared with 0.60% for NEMD.

Which ETF pays a higher dividend yield, NBJP or NEMD?

NEMD has the higher dividend yield at 4.73%, compared with 1.92% for NBJP.

What is the main difference between NBJP and NEMD?

NBJP is categorized as Japan Equities, while NEMD is Emerging Markets Bonds. Their fees differ too: 0.50% for NBJP and 0.60% for NEMD.