NTR vs. NBCM
NTR (Nutrien Ltd.) is a stock, while NBCM (Neuberger Berman Commodity Strategy ETF) is Commodities fund actively managed by Neuberger Berman. Over the past 3 years, NTR returned 6.86%/yr vs 14.74%/yr for NBCM. At a 0.39 correlation, their price movements are largely independent.
Performance
NTR vs. NBCM - Performance Comparison
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Returns By Period
In the year-to-date period, NTR achieves a 7.75% return, which is significantly lower than NBCM's 21.59% return.
NTR
- 1D
- 1.33%
- 1M
- 0.71%
- 6M
- 11.17%
- YTD
- 7.75%
- 1Y
- 11.02%
- 3Y*
- 6.86%
- 5Y*
- 5.01%
- 10Y*
- —
NBCM
- 1D
- -0.29%
- 1M
- -1.75%
- 6M
- 18.42%
- YTD
- 21.59%
- 1Y
- 31.14%
- 3Y*
- 14.74%
- 5Y*
- —
- 10Y*
- —
NTR vs. NBCM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NTR Nutrien Ltd. | 7.75% | 43.33% | -16.97% | -20.19% | -10.51% |
NBCM Neuberger Berman Commodity Strategy ETF | 21.59% | 17.45% | 6.55% | -6.41% | 5.39% |
Correlation
The correlation between NTR and NBCM is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2022 | 0.39 |
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Return for Risk
NTR vs. NBCM — Risk / Return Rank
NTR
NBCM
NTR vs. NBCM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nutrien Ltd. (NTR) and Neuberger Berman Commodity Strategy ETF (NBCM). 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.
| NTR | NBCM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.32 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 2.20 | -1.79 |
| Martin ratioReturn relative to average drawdown | 1.12 | 7.47 | -6.35 |
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Drawdowns
NTR vs. NBCM - Drawdown Comparison
The maximum NTR drawdown since its inception was -57.80%, which is greater than NBCM's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for NTR and NBCM.
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Drawdown Indicators
| NTR | NBCM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.80% | -14.78% | -43.02% |
Max Drawdown (1Y)Largest decline over 1 year | -27.56% | -14.78% | -12.78% |
Max Drawdown (3Y)Largest decline over 3 years | -32.82% | -14.78% | -18.04% |
Max Drawdown (5Y)Largest decline over 5 years | -57.80% | — | — |
Current DrawdownCurrent decline from peak | -32.96% | -10.56% | -22.40% |
Average DrawdownAverage peak-to-trough decline | -26.25% | -4.35% | -21.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.14% | 4.35% | +5.79% |
Volatility
NTR vs. NBCM - Volatility Comparison
Nutrien Ltd. (NTR) has a higher volatility of 8.92% compared to Neuberger Berman Commodity Strategy ETF (NBCM) at 4.62%. This indicates that NTR's price experiences larger fluctuations and is considered to be riskier than NBCM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NTR | NBCM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.92% | 4.62% | +4.30% |
Volatility (6M)Calculated over the trailing 6-month period | 25.80% | 15.35% | +10.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.15% | 17.89% | +14.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.17% | 14.99% | +19.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.95% | 14.99% | +18.96% |
Dividends
NTR vs. NBCM - Dividend Comparison
NTR's dividend yield for the trailing twelve months is around 3.35%, less than NBCM's 6.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
NBCM Neuberger Berman Commodity Strategy ETF | 6.95% | 8.46% | 5.22% | 4.37% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% |
NTR Nutrien Ltd. | 3.35% | 3.53% | 4.83% | 3.76% | 3.51% | 2.45% | 3.74% | 3.67% | 3.47% |
Frequently Asked Questions
NTR and NBCM have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NTR has higher volatility (8.92%) compared to NBCM (4.62%). In terms of maximum drawdown, NTR dropped -57.80% vs NBCM's -14.78%.
NBCM currently has the higher Sharpe Ratio (1.82 vs 0.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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