OMAH vs. NBCM

Last updated Jun 4, 2026

OMAH (VistaShares Target 15™ Berkshire Select Income ETF) and NBCM (Neuberger Berman Commodity Strategy ETF) are both exchange-traded funds - OMAH is a Derivative Income fund actively managed by VistaShares, while NBCM is a Commodities fund actively managed by Neuberger Berman. Both are actively managed. Over the past year, OMAH returned 11.44% vs 44.53% for NBCM. At a 0.05 correlation, their price movements are largely independent. OMAH charges 0.95%/yr vs 0.66%/yr for NBCM.

Performance

OMAH vs. NBCM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VistaShares Target 15™ Berkshire Select Income ETF (OMAH) and Neuberger Berman Commodity Strategy ETF (NBCM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OMAH achieves a 4.56% return, which is significantly lower than NBCM's 29.86% return.

OMAH

• 1D: -0.70%
• 1M: 0.44%
• YTD: 4.56%
• 6M: 4.00%
• 1Y: 11.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NBCM

• 1D: -0.24%
• 1M: -2.07%
• YTD: 29.86%
• 6M: 29.49%
• 1Y: 44.53%
• 3Y*: 18.47%
• 5Y*: —
• 10Y*: —

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

OMAH vs. NBCM - Yearly Performance Comparison

	2026 (YTD)	2025
OMAH VistaShares Target 15™ Berkshire Select Income ETF	4.56%	6.74%
NBCM Neuberger Berman Commodity Strategy ETF	29.86%	12.07%

Correlation

The correlation between OMAH and NBCM is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025	0.05

Return for Risk

OMAH vs. NBCM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OMAH

OMAH Risk / Return Rank: 49
OMAH Sharpe Ratio Rank: 39
OMAH Sortino Ratio Rank: 38
OMAH Omega Ratio Rank: 37
OMAH Calmar Ratio Rank: 75
OMAH Martin Ratio Rank: 54

NBCM

NBCM Risk / Return Rank: 78
NBCM Sharpe Ratio Rank: 79
NBCM Sortino Ratio Rank: 69
NBCM Omega Ratio Rank: 77
NBCM Calmar Ratio Rank: 85
NBCM Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OMAH vs. NBCM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VistaShares Target 15™ Berkshire Select Income ETF (OMAH) 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.

	OMAH	NBCM	Difference
Sharpe ratio: Return per unit of total volatility	1.43	2.57	-1.14
Sortino ratio: Return per unit of downside risk	2.02	3.16	-1.14
Omega ratio: Gain probability vs. loss probability	1.25	1.46	-0.21
Calmar ratio: Return relative to maximum drawdown	3.82	4.61	-0.79
Martin ratio: Return relative to average drawdown	9.48	16.60	-7.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OMAH vs. NBCM - Sharpe Ratio Comparison

The current OMAH Sharpe Ratio is 1.43, which is lower than the NBCM Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of OMAH and NBCM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OMAH	NBCM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	2.57	-1.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.94	-0.24

Drawdowns

OMAH vs. NBCM - Drawdown Comparison

The maximum OMAH drawdown since its inception was -11.83%, smaller than the maximum NBCM drawdown of -12.84%. Use the drawdown chart below to compare losses from any high point for OMAH and NBCM.

Drawdown Indicators

	OMAH	NBCM	Difference
Max Drawdown Largest peak-to-trough decline	-11.83%	-12.84%	+1.01%
Max Drawdown (1Y) Largest decline over 1 year	-3.00%	-9.70%	+6.70%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.47%	—
Current Drawdown Current decline from peak	-2.65%	-4.48%	+1.83%
Average Drawdown Average peak-to-trough decline	-1.26%	-4.17%	+2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.21%	2.69%	-1.48%

Volatility

OMAH vs. NBCM - Volatility Comparison

The current volatility for VistaShares Target 15™ Berkshire Select Income ETF (OMAH) is 1.93%, while Neuberger Berman Commodity Strategy ETF (NBCM) has a volatility of 4.96%. This indicates that OMAH experiences smaller price fluctuations and is considered to be less risky than NBCM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OMAH	NBCM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	4.96%	-3.03%
Volatility (6M) Calculated over the trailing 6-month period	5.49%	15.45%	-9.96%
Volatility (1Y) Calculated over the trailing 1-year period	8.05%	17.40%	-9.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.21%	14.94%	-1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.21%	14.94%	-1.73%

OMAH vs. NBCM - Expense Ratio Comparison

OMAH has a 0.95% expense ratio, which is higher than NBCM's 0.66% expense ratio.

Dividends

OMAH vs. NBCM - Dividend Comparison

OMAH's dividend yield for the trailing twelve months is around 15.44%, more than NBCM's 6.51% yield.

Position	TTM	2025	2024	2023	2022
NBCM Neuberger Berman Commodity Strategy ETF	6.51%	8.46%	5.22%	4.37%	0.80%
OMAH VistaShares Target 15™ Berkshire Select Income ETF	15.44%	12.86%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OMAH and NBCM in my portfolio?

OMAH and NBCM have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OMAH or NBCM?

NBCM has higher volatility (4.96%) compared to OMAH (1.93%). In terms of maximum drawdown, OMAH dropped -11.83% vs NBCM's -12.84%.

Which ETF is better, OMAH or NBCM?

On 1-year performance, NBCM leads with 44.53% vs 11.44% for OMAH. On fees, NBCM is cheaper at 0.66% per year. On volatility, OMAH has been the lower-risk option at 1.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OMAH or NBCM?

Over the 1-year period, NBCM has performed better with a 44.53% return vs 11.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OMAH or NBCM?

NBCM is cheaper with a 0.66% expense ratio, compared with 0.95% for OMAH.

Which ETF pays a higher dividend yield, OMAH or NBCM?

OMAH has the higher dividend yield at 15.44%, compared with 6.51% for NBCM.

What is the main difference between OMAH and NBCM?

OMAH is categorized as Derivative Income, while NBCM is Commodities. They also come from different issuers: VistaShares and Neuberger Berman. Their fees differ too: 0.95% for OMAH and 0.66% for NBCM.

Which has better risk-adjusted returns?

NBCM currently has the higher Sharpe Ratio (2.57 vs 1.43), 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.