NBSD vs. NEMD

Last updated Jun 24, 2026

NBSD (Neuberger Berman Short Duration Income ETF) and NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) are both exchange-traded funds - NBSD is a Short-Term Bond 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 0.47 correlation, their price movements are largely independent. NBSD charges 0.35%/yr vs 0.60%/yr for NEMD.

Performance

NBSD vs. NEMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Short Duration Income ETF (NBSD) 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, NBSD achieves a 0.85% return, which is significantly lower than NEMD's 3.64% return.

NBSD

• 1D: 0.00%
• 1M: 0.13%
• YTD: 0.85%
• 6M: 0.84%
• 1Y: 4.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NEMD

• 1D: 0.13%
• 1M: 1.16%
• YTD: 3.64%
• 6M: 3.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBSD vs. NEMD - Yearly Performance Comparison

	2026 (YTD)	2025
NBSD Neuberger Berman Short Duration Income ETF	0.85%	2.22%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	3.64%	7.10%

Correlation

The correlation between NBSD and NEMD is 0.47, 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 11, 2025	0.47

Return for Risk

NBSD vs. NEMD — Risk / Return Rank

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

NBSD

NBSD Risk / Return Rank: 88
NBSD Sharpe Ratio Rank: 91
NBSD Sortino Ratio Rank: 94
NBSD Omega Ratio Rank: 93
NBSD Calmar Ratio Rank: 73
NBSD Martin Ratio Rank: 88

NEMD

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

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.

NBSD vs. NEMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Short Duration Income ETF (NBSD) 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.

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.

	NBSD	NEMD	Difference
Sharpe ratio: Return per unit of total volatility	2.84	—	—
Sortino ratio: Return per unit of downside risk	4.49	—	—
Omega ratio: Gain probability vs. loss probability	1.61	—	—
Calmar ratio: Return relative to maximum drawdown	3.45	—	—
Martin ratio: Return relative to average drawdown	17.71	—	—

Drawdowns

NBSD vs. NEMD - Drawdown Comparison

The maximum NBSD drawdown since its inception was -2.63%, smaller than the maximum NEMD drawdown of -4.43%. Use the drawdown chart below to compare losses from any high point for NBSD and NEMD.

Drawdown Indicators

	NBSD	NEMD	Difference
Max Drawdown Largest peak-to-trough decline	-2.63%	-4.43%	+1.80%
Max Drawdown (1Y) Largest decline over 1 year	-1.19%	—	—
Current Drawdown Current decline from peak	-0.24%	-1.18%	+0.94%
Average Drawdown Average peak-to-trough decline	-0.23%	-0.56%	+0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	—	—

Volatility

Volatility by Period

	NBSD	NEMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.45%	6.63%	-5.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.76%	6.63%	-3.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.76%	6.63%	-3.87%

NBSD vs. NEMD - Expense Ratio Comparison

NBSD has a 0.35% expense ratio, which is lower than NEMD's 0.60% expense ratio.

Dividends

NBSD vs. NEMD - Dividend Comparison

NBSD's dividend yield for the trailing twelve months is around 4.81%, more than NEMD's 4.73% yield.

Position	TTM	2025	2024
NBSD Neuberger Berman Short Duration Income ETF	4.81%	5.06%	2.96%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	4.73%	2.39%	0.00%

Frequently Asked Questions

Can I hold both NBSD and NEMD in my portfolio?

NBSD and NEMD have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBSD or NEMD?

On fees, NBSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NBSD or NEMD?

NBSD is cheaper with a 0.35% expense ratio, compared with 0.60% for NEMD.

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

NBSD has the higher dividend yield at 4.81%, compared with 4.73% for NEMD.

What is the main difference between NBSD and NEMD?

NBSD is categorized as Short-Term Bond, while NEMD is Emerging Markets Bonds. Their fees differ too: 0.35% for NBSD and 0.60% for NEMD.