NEMD vs. NBOS

Last updated Aug 1, 2026

NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) and NBOS (Neuberger Berman Option Strategy ETF) are both exchange-traded funds - NEMD is a Emerging Markets Bonds fund actively managed by Neuberger Berman, while NBOS is a Options Trading fund actively managed by Neuberger Berman. Both are actively managed. Their 0.51 correlation means they have sometimes moved together and sometimes differently. NEMD charges 0.60%/yr vs 0.56%/yr for NBOS.

Performance

NEMD vs. NBOS - 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 Neuberger Berman Option Strategy ETF (NBOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NEMD achieves a 3.47% return, which is significantly lower than NBOS's 8.54% return.

NEMD

• 1D: 0.08%
• 1M: -1.04%
• 6M: 1.88%
• YTD: 3.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

NBOS

• 1D: 0.64%
• 1M: 1.31%
• 6M: 6.89%
• YTD: 8.54%
• 1Y: 17.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.64%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NBOS Neuberger Berman Option Strategy ETF	$1.17M	$2.09M	$2.23M
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	$328.32K	$489.11K	$564.01K

NEMD vs. NBOS - Yearly Performance Comparison

	2026 (YTD)	2025
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	3.47%	7.10%
NBOS Neuberger Berman Option Strategy ETF	8.54%	6.99%

Correlation

The correlation between NEMD and NBOS is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 11, 2025	0.51

Return for Risk

NEMD vs. NBOS — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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.

NBOS

NBOS Risk / Return Rank: 90
NBOS Sharpe Ratio Rank: 87
NBOS Sortino Ratio Rank: 87
NBOS Omega Ratio Rank: 90
NBOS Calmar Ratio Rank: 89
NBOS Martin Ratio Rank: 95

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NEMD vs. NBOS - 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 Option Strategy ETF (NBOS). 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	NBOS	Difference
Sharpe ratio: Return per unit of total volatility	—	2.09	—
Sortino ratio: Return per unit of downside risk	—	2.93	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	3.64	—
Martin ratio: Return relative to average drawdown	—	19.45	—

Drawdowns

NEMD vs. NBOS - Drawdown Comparison

The maximum NEMD drawdown since its inception was -4.43%, smaller than the maximum NBOS drawdown of -12.66%. Use the drawdown chart below to compare losses from any high point for NEMD and NBOS.

Drawdown Indicators

	NEMD	NBOS	Difference
Max Drawdown Largest peak-to-trough decline	-4.43%	-12.66%	+8.23%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.71%	—
Current Drawdown Current decline from peak	-1.35%	0.00%	-1.35%
Average Drawdown Average peak-to-trough decline	-0.59%	-1.07%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.88%	—

Volatility

Volatility by Period

	NEMD	NBOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.44%	8.23%	-1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.44%	9.92%	-3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.44%	9.92%	-3.48%

NEMD vs. NBOS - Expense Ratio Comparison

NEMD has a 0.60% expense ratio, which is higher than NBOS's 0.56% expense ratio.

Dividends

NEMD vs. NBOS - Dividend Comparison

NEMD's dividend yield for the trailing twelve months is around 5.81%, less than NBOS's 8.04% yield.

Position	TTM	2025	2024
NBOS Neuberger Berman Option Strategy ETF	8.04%	7.81%	7.32%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	5.81%	2.39%	0.00%

Frequently Asked Questions

Can I hold both NEMD and NBOS in my portfolio?

NEMD and NBOS have a correlation of 0.51, 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 NBOS?

On fees, NBOS is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NEMD or NBOS?

NBOS is cheaper with a 0.56% expense ratio, compared with 0.60% for NEMD.

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

NBOS has the higher dividend yield at 8.04%, compared with 5.81% for NEMD.

What is the main difference between NEMD and NBOS?

NEMD is categorized as Emerging Markets Bonds, while NBOS is Options Trading. Their fees differ too: 0.60% for NEMD and 0.56% for NBOS.