BWTG vs NBET
Brendan Wood TopGun ETF vs Neuberger Berman Energy Transition & Infrastructure ETF
Which is better, BWTG or NBET?
NBET has been ahead.
NBET has a lower expense ratio. NBET led over 1Y, 3Y and the full window. BWTG is less concentrated, with 56.7% of the fund in its ten largest positions against 59.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BWTG | NBET |
|---|---|---|
| Expense Ratio | 0.95% | 0.65%Best |
| AUM | $21M | $54M |
| Dividend Yield | 0.33% | 2.57% |
| Holdings | 42 | 34 |
| YTD Return | +5.61% | +26.43%Best |
| 1Y Return | +10.02% | +32.21%Best |
| 3Y Return (annualized) | +19.00% | +25.73%Best |
| Volatility (annualized) | 11.8%Best | 17.4% |
| Max Drawdown | -13.2%Best | -17.4% |
| $10,000 over 2.9 years | $16,561 | $19,895Best |
| Top 10 Weight | 56.7%Best | 59.6% |
| Fund Family | Brendan Wood TopGun | Neuberger Berman ETF Trust |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Nov 9, 2023 | Apr 6, 2022 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 9, 2023 to Oct 14, 2026 (2.9 years).
BWTG vs NBET growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.9 years both funds cover.
BWTG vs NBET Performance
Brendan Wood TopGun ETF (BWTG) is an ETF from Brendan Wood TopGun and Neuberger Berman Energy Transition & Infrastructure ETF (NBET) is an ETF from Neuberger Berman ETF Trust. Over the past year BWTG returned +10.02% while NBET returned +32.21%. Year to date, BWTG is up 5.61% versus a gain of 26.43% for NBET.
Over three years, BWTG compounded at +19.00% per year against +25.73% for NBET.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NBET has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 11.8% for BWTG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.2% for BWTG and -17.4% for NBET. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.31. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BWTG charges 0.95% per year while NBET charges 0.65%. On a $10,000 position that is $95 vs $65 annually, a gap of $30 per year that compounds over a long holding period. On income, BWTG currently yields 0.33% against 2.57% for NBET.
Holdings Overlap
10.4% of BWTG's money is in holdings NBET also owns. 14.3% of NBET's money is in holdings BWTG also owns.
NBET and BWTG share little of their money.
2 positions in common, counted across the 20 positions we hold weights for in BWTG and 31 in NBET, against full books of 42 and 34.
What only one of them owns
Our book lists 27 positions for NBET that do not appear in our book for BWTG (83.1% of the fund), and 13 for BWTG that do not appear in NBET (64.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of BWTG and NBET you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BWTG or NBET?
BWTG has an expense ratio of 0.95% while NBET charges 0.65%. NBET is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, BWTG or NBET?
Over the past year BWTG returned +10.02% vs +32.21% for NBET, so NBET leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BWTG or NBET?
NBET has been the more volatile fund at 17.4% annualized versus 11.8% for BWTG. Worst drawdown: BWTG -13.2% vs NBET -17.4%.
Should I hold both BWTG and NBET?
BWTG and NBET have a monthly-return correlation of 0.31, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BWTG and NBET?
14.3% of NBET's money is in holdings BWTG also owns. 14.3% of NBET's is in holdings BWTG also owns. They hold 2 positions in common, counted across the 20 positions we hold weights for in BWTG and 31 in NBET.
Which pays a higher dividend, BWTG or NBET?
BWTG yields 0.33% while NBET yields 2.57%, so NBET currently pays the higher dividend yield.
Is NBET better than BWTG?
NBET has a lower expense ratio. NBET led over 1Y, 3Y and the full window. BWTG is less concentrated, with 56.7% of the fund in its ten largest positions against 59.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.