NEMD vs. ENFR

Last updated Jun 5, 2026

NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - NEMD is a Emerging Markets Bonds fund actively managed by Neuberger Berman, while ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index. NEMD is actively managed, while ENFR is passively managed. At a correlation of -0.15, they often move in opposite directions. NEMD charges 0.60%/yr vs 0.35%/yr for ENFR.

Performance

NEMD vs. ENFR - 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 Alerian Energy Infrastructure ETF (ENFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NEMD achieves a 4.12% return, which is significantly lower than ENFR's 26.03% return.

NEMD

• 1D: 0.35%
• 1M: 1.38%
• YTD: 4.12%
• 6M: 4.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ENFR

• 1D: 1.15%
• 1M: 0.77%
• YTD: 26.03%
• 6M: 24.35%
• 1Y: 28.57%
• 3Y*: 28.54%
• 5Y*: 20.19%
• 10Y*: 11.90%

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

NEMD vs. ENFR - Yearly Performance Comparison

	2026 (YTD)	2025
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	4.12%	7.07%
ENFR Alerian Energy Infrastructure ETF	26.03%	1.31%

Correlation

The correlation between NEMD and ENFR is -0.15, 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 12, 2025	-0.15

NEMD vs. ENFR - Sectors Allocation Comparison

Sectors	NEMD	ENFR
Energy	100.0%	98.8%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	0.2%
Healthcare	-	-
Industrials	-	3.4%
Real Estate	-	-
Technology	-	-
Utilities	-	1.0%

Return for Risk

NEMD vs. ENFR — Risk / Return Rank

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

ENFR

ENFR Risk / Return Rank: 59
ENFR Sharpe Ratio Rank: 59
ENFR Sortino Ratio Rank: 57
ENFR Omega Ratio Rank: 56
ENFR Calmar Ratio Rank: 68
ENFR Martin Ratio Rank: 53

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. ENFR - 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 Alerian Energy Infrastructure ETF (ENFR). 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

	NEMD	ENFR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.97	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.20	0.35	+1.86

Drawdowns

NEMD vs. ENFR - Drawdown Comparison

The maximum NEMD drawdown since its inception was -4.43%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for NEMD and ENFR.

Drawdown Indicators

	NEMD	ENFR	Difference
Max Drawdown Largest peak-to-trough decline	-4.43%	-68.28%	+63.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.64%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.29%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-62.64%	—
Current Drawdown Current decline from peak	-0.04%	-3.86%	+3.82%
Average Drawdown Average peak-to-trough decline	-0.57%	-15.98%	+15.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.17%	—

Volatility

Volatility by Period

	NEMD	ENFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.51%	14.65%	-8.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.51%	19.30%	-12.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.51%	24.68%	-18.17%

NEMD vs. ENFR - Expense Ratio Comparison

NEMD has a 0.60% expense ratio, which is higher than ENFR's 0.35% expense ratio.

Dividends

NEMD vs. ENFR - Dividend Comparison

NEMD's dividend yield for the trailing twelve months is around 4.71%, more than ENFR's 3.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENFR Alerian Energy Infrastructure ETF	3.98%	4.77%	4.41%	5.48%	5.23%	7.86%	7.57%	5.81%	3.98%	2.98%	3.31%	3.34%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	4.71%	2.39%	0.00%	0.00%	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 ENFR in my portfolio?

NEMD and ENFR have a correlation of -0.15, 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 ENFR?

On fees, ENFR 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, NEMD or ENFR?

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

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

NEMD has the higher dividend yield at 4.71%, compared with 3.98% for ENFR.

What is the main difference between NEMD and ENFR?

NEMD is categorized as Emerging Markets Bonds, while ENFR is Energy Equities. They also come from different issuers: Neuberger Berman and SS&C. Their fees differ too: 0.60% for NEMD and 0.35% for ENFR.