NML vs. QQQ
Compare and contrast key facts about Neuberger Berman MLP (NML) and Invesco QQQ ETF (QQQ).
NML is an actively managed fund by Neuberger Berman. It was launched on Mar 26, 2013. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Performance
NML vs. QQQ - Performance Comparison
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NML vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NML Neuberger Berman MLP | 25.95% | 4.36% | 40.55% | 14.61% | 32.75% | 61.76% | -45.84% | 10.60% | -23.02% | 7.07% |
QQQ Invesco QQQ ETF | -5.93% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, NML achieves a 25.95% return, which is significantly higher than QQQ's -5.93% return. Over the past 10 years, NML has underperformed QQQ with an annualized return of 12.90%, while QQQ has yielded a comparatively higher 18.85% annualized return.
NML
- 1D
- -0.19%
- 1M
- 3.44%
- YTD
- 25.95%
- 6M
- 25.36%
- 1Y
- 26.49%
- 3Y*
- 27.91%
- 5Y*
- 28.84%
- 10Y*
- 12.90%
QQQ
- 1D
- 3.39%
- 1M
- -4.84%
- YTD
- -5.93%
- 6M
- -3.62%
- 1Y
- 23.68%
- 3Y*
- 22.32%
- 5Y*
- 12.88%
- 10Y*
- 18.85%
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NML vs. QQQ - Expense Ratio Comparison
NML has a 2.72% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
NML vs. QQQ — Risk / Return Rank
NML
QQQ
NML vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman MLP (NML) and Invesco QQQ ETF (QQQ). 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.
| NML | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.05 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.63 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.88 | -0.22 |
Martin ratioReturn relative to average drawdown | 5.64 | 6.95 | -1.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NML | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.05 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 0.58 | +0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.85 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.37 | -0.30 |
Correlation
The correlation between NML and QQQ is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
NML vs. QQQ - Dividend Comparison
NML's dividend yield for the trailing twelve months is around 6.67%, more than QQQ's 0.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NML Neuberger Berman MLP | 6.67% | 8.24% | 7.94% | 10.19% | 4.26% | 3.54% | 8.33% | 9.76% | 9.87% | 7.04% | 8.63% | 15.44% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
NML vs. QQQ - Drawdown Comparison
The maximum NML drawdown since its inception was -90.48%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for NML and QQQ.
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Drawdown Indicators
| NML | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.48% | -82.97% | -7.51% |
Max Drawdown (1Y)Largest decline over 1 year | -15.72% | -12.62% | -3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -21.40% | -35.12% | +13.72% |
Max Drawdown (10Y)Largest decline over 10 years | -84.84% | -35.12% | -49.72% |
Current DrawdownCurrent decline from peak | -0.66% | -8.98% | +8.32% |
Average DrawdownAverage peak-to-trough decline | -37.54% | -32.99% | -4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 3.41% | +1.21% |
Volatility
NML vs. QQQ - Volatility Comparison
The current volatility for Neuberger Berman MLP (NML) is 4.14%, while Invesco QQQ ETF (QQQ) has a volatility of 6.51%. This indicates that NML experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NML | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 6.51% | -2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 12.77% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 22.67% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.88% | 22.39% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.35% | 22.25% | +13.10% |