NEMD vs. FAAR
NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - NEMD is a Emerging Markets Bonds fund actively managed by Neuberger Berman, while FAAR is a Commodities fund actively managed by First Trust. Both are actively managed. At a correlation of -0.25, they often move in opposite directions. NEMD charges 0.60%/yr vs 0.95%/yr for FAAR.
Performance
NEMD vs. FAAR - Performance Comparison
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Returns By Period
In the year-to-date period, NEMD achieves a 3.64% return, which is significantly lower than FAAR's 19.14% return.
NEMD
- 1D
- 0.13%
- 1M
- 1.16%
- YTD
- 3.64%
- 6M
- 3.74%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FAAR
- 1D
- -0.91%
- 1M
- -5.21%
- YTD
- 19.14%
- 6M
- 18.06%
- 1Y
- 28.33%
- 3Y*
- 10.57%
- 5Y*
- 7.72%
- 10Y*
- 4.69%
NEMD vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 3.64% | 7.10% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 19.14% | 3.99% |
Correlation
The correlation between NEMD and FAAR is -0.25, 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 | -0.25 |
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Return for Risk
NEMD vs. FAAR — Risk / Return Rank
NEMD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FAAR
NEMD vs. FAAR - 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 First Trust Alternative Absolute Return Strategy ETF (FAAR). 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 | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.52 | — |
| Martin ratioReturn relative to average drawdown | — | 15.18 | — |
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Drawdowns
NEMD vs. FAAR - Drawdown Comparison
The maximum NEMD drawdown since its inception was -4.43%, smaller than the maximum FAAR drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for NEMD and FAAR.
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Drawdown Indicators
| NEMD | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.43% | -18.03% | +13.60% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.29% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -1.18% | -6.29% | +5.11% |
Average DrawdownAverage peak-to-trough decline | -0.56% | -7.82% | +7.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.87% | — |
Volatility
NEMD vs. FAAR - Volatility Comparison
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Volatility by Period
| NEMD | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.55% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.68% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.63% | 13.38% | -6.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.63% | 12.96% | -6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.63% | 11.54% | -4.91% |
NEMD vs. FAAR - Expense Ratio Comparison
NEMD has a 0.60% expense ratio, which is lower than FAAR's 0.95% expense ratio.
Dividends
NEMD vs. FAAR - Dividend Comparison
NEMD's dividend yield for the trailing twelve months is around 4.73%, less than FAAR's 9.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FAAR First Trust Alternative Absolute Return Strategy ETF | 9.66% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 4.73% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NEMD and FAAR have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
NEMD is cheaper with a 0.60% expense ratio, compared with 0.95% for FAAR.
FAAR has the higher dividend yield at 9.66%, compared with 4.73% for NEMD.
NEMD is categorized as Emerging Markets Bonds, while FAAR is Commodities. They also come from different issuers: Neuberger Berman and First Trust. Their fees differ too: 0.60% for NEMD and 0.95% for FAAR.
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