NEMD vs. COM

Last updated Jun 23, 2026

NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) and COM (Direxion Auspice Broad Commodity Strategy ETF) are both exchange-traded funds - NEMD is a Emerging Markets Bonds fund actively managed by Neuberger Berman, while COM is a Commodities fund tracking the Auspice Broad Commodity ER Index. NEMD is actively managed, while COM is passively managed. At a correlation of -0.10, they often move in opposite directions. NEMD charges 0.60%/yr vs 0.70%/yr for COM.

Performance

NEMD vs. COM - Performance Comparison

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

Returns By Period

In the year-to-date period, NEMD achieves a 3.51% return, which is significantly lower than COM's 11.12% return.

NEMD

• 1D: -1.20%
• 1M: 1.02%
• YTD: 3.51%
• 6M: 3.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

COM

• 1D: -1.21%
• 1M: -5.08%
• YTD: 11.12%
• 6M: 10.20%
• 1Y: 18.87%
• 3Y*: 6.27%
• 5Y*: 7.89%
• 10Y*: —

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

NEMD vs. COM - Yearly Performance Comparison

	2026 (YTD)	2025
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	3.51%	7.10%
COM Direxion Auspice Broad Commodity Strategy ETF	11.12%	8.30%

Correlation

The correlation between NEMD and COM is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 11, 2025	-0.10

Return for Risk

NEMD vs. COM — Risk / Return Rank

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

NEMD

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

COM

COM Risk / Return Rank: 54
COM Sharpe Ratio Rank: 56
COM Sortino Ratio Rank: 53
COM Omega Ratio Rank: 57
COM Calmar Ratio Rank: 52
COM Martin Ratio Rank: 54

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.

NEMD vs. COM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD) and Direxion Auspice Broad Commodity Strategy ETF (COM). 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.

	NEMD	COM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.81	—
Sortino ratio: Return per unit of downside risk	—	2.45	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	2.45	—
Martin ratio: Return relative to average drawdown	—	8.97	—

Drawdowns

NEMD vs. COM - Drawdown Comparison

The maximum NEMD drawdown since its inception was -4.43%, smaller than the maximum COM drawdown of -15.95%. Use the drawdown chart below to compare losses from any high point for NEMD and COM.

Drawdown Indicators

	NEMD	COM	Difference
Max Drawdown Largest peak-to-trough decline	-4.43%	-15.95%	+11.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.74%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-8.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.02%	—
Current Drawdown Current decline from peak	-1.31%	-7.74%	+6.43%
Average Drawdown Average peak-to-trough decline	-0.56%	-6.28%	+5.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.12%	—

Volatility

Volatility by Period

	NEMD	COM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.65%	10.59%	-3.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.65%	9.55%	-2.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.65%	9.77%	-3.12%

NEMD vs. COM - Expense Ratio Comparison

NEMD has a 0.60% expense ratio, which is lower than COM's 0.70% expense ratio.

Dividends

NEMD vs. COM - Dividend Comparison

NEMD's dividend yield for the trailing twelve months is around 4.74%, more than COM's 2.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
COM Direxion Auspice Broad Commodity Strategy ETF	2.55%	2.99%	3.88%	3.80%	8.59%	10.32%	0.13%	1.09%	2.36%	0.09%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	4.74%	2.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NEMD and COM in my portfolio?

NEMD and COM have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NEMD or COM?

On fees, NEMD is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NEMD or COM?

NEMD is cheaper with a 0.60% expense ratio, compared with 0.70% for COM.

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

NEMD has the higher dividend yield at 4.74%, compared with 2.55% for COM.

What is the main difference between NEMD and COM?

NEMD is categorized as Emerging Markets Bonds, while COM is Commodities. They also come from different issuers: Neuberger Berman and Direxion. Their fees differ too: 0.60% for NEMD and 0.70% for COM.