NEMD vs. NBCE
NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) and NBCE (Neuberger Berman China Equity ETF) are both exchange-traded funds - NEMD is a Emerging Markets Bonds fund actively managed by Neuberger Berman, while NBCE is a China Equities fund actively managed by Neuberger Berman. Both are actively managed. Their 0.34 correlation means their historical movements had little consistent relationship. NEMD charges 0.60%/yr vs 0.74%/yr for NBCE.
Performance
NEMD vs. NBCE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NEMD achieves a 3.47% return, which is significantly lower than NBCE's 15.71% return.
NEMD
- 1D
- 0.08%
- 1M
- -1.04%
- 6M
- 1.88%
- YTD
- 3.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
NBCE
- 1D
- 0.39%
- 1M
- -9.06%
- 6M
- 8.56%
- YTD
- 15.71%
- 1Y
- 43.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $60.96K | $60.67K | $41.89K | |
| $328.32K | $489.11K | $564.01K |
NEMD vs. NBCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 3.47% | 7.10% |
NBCE Neuberger Berman China Equity ETF | 15.71% | 20.57% |
Correlation
The correlation between NEMD and NBCE is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 11, 2025 | 0.34 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NEMD vs. NBCE — Risk / Return Rank
NEMD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NBCE
NEMD vs. NBCE - 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 Neuberger Berman China Equity ETF (NBCE). 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 | NBCE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.43 | — |
| Martin ratioReturn relative to average drawdown | — | 9.13 | — |
Loading charts...
Drawdowns
NEMD vs. NBCE - Drawdown Comparison
The maximum NEMD drawdown since its inception was -4.43%, smaller than the maximum NBCE drawdown of -28.42%. Use the drawdown chart below to compare losses from any high point for NEMD and NBCE.
Loading charts...
Drawdown Indicators
| NEMD | NBCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.43% | -28.42% | +23.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -17.60% | — |
Current DrawdownCurrent decline from peak | -1.35% | -15.13% | +13.78% |
Average DrawdownAverage peak-to-trough decline | -0.59% | -9.03% | +8.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.68% | — |
Volatility
NEMD vs. NBCE - Volatility Comparison
Loading charts...
Volatility by Period
| NEMD | NBCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.49% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.55% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.44% | 23.60% | -17.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.44% | 25.02% | -18.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.44% | 25.02% | -18.58% |
NEMD vs. NBCE - Expense Ratio Comparison
NEMD has a 0.60% expense ratio, which is lower than NBCE's 0.74% expense ratio.
Dividends
NEMD vs. NBCE - Dividend Comparison
NEMD's dividend yield for the trailing twelve months is around 5.81%, more than NBCE's 1.14% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NBCE Neuberger Berman China Equity ETF | 1.14% | 1.32% | 1.20% |
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 5.81% | 2.39% | 0.00% |
Frequently Asked Questions
NEMD and NBCE have a correlation of 0.34, 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 0.74% for NBCE.
NEMD has the higher dividend yield at 5.81%, compared with 1.14% for NBCE.
NEMD is categorized as Emerging Markets Bonds, while NBCE is China Equities. Their fees differ too: 0.60% for NEMD and 0.74% for NBCE.
Find the right allocation for NEMD and NBCE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer