NBET vs PGZ
Neuberger Berman Energy Transition & Infrastructure ETF vs Principal Real Estate Income Fund
Which is better, NBET or PGZ?
NBET has been ahead.
NBET has a lower expense ratio. NBET led over 1Y, 3Y and the full window.
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 | NBET | PGZ |
|---|---|---|
| Expense Ratio | 0.65%Best | 2.16% |
| AUM | $54M | $69M |
| Dividend Yield | 2.57% | 12.28% |
| Holdings | 34 | 110 |
| YTD Return | +26.43%Best | -4.14% |
| 1Y Return | +32.21%Best | -4.95% |
| 3Y Return (annualized) | +25.73%Best | +10.97% |
| 5Y Return (annualized) | - | -0.32% |
| Volatility (annualized) | 19.2% | 18.0%Best |
| Max Drawdown | -18.7%Best | -33.4% |
| $10,000 over 4.5 years | $17,743Best | $9,724 |
| Fund Family | Neuberger Berman ETF Trust | Principal Funds |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Apr 6, 2022 | Jun 26, 2013 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Apr 7, 2022 to Oct 14, 2026 (4.5 years).
NBET vs PGZ 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 4.5 years both funds cover.
NBET vs PGZ Performance
Neuberger Berman Energy Transition & Infrastructure ETF (NBET) is an ETF from Neuberger Berman ETF Trust and Principal Real Estate Income Fund (PGZ) is an ETF from Principal Funds. Over the past year NBET returned +32.21% while PGZ returned -4.95%. Year to date, NBET is up 26.43% versus a loss of 4.14% for PGZ.
Over three years, NBET compounded at +25.73% per year against +10.97% for PGZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NBET has been the more volatile fund, with annualized monthly volatility of 19.2% compared with 18.0% for PGZ. 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 -18.7% for NBET and -33.4% for PGZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
NBET charges 0.65% per year while PGZ charges 2.16%. On a $10,000 position that is $65 vs $216 annually, a gap of $151 per year that compounds over a long holding period. On income, NBET currently yields 2.57% against 12.28% for PGZ.
Holdings Overlap
We hold position weights for 31 holdings in NBET and 61 in PGZ, totalling 100.0% and 59.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 243 days apart, NBET as of Oct 1, 2026 and PGZ as of Jan 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 31 positions we hold weights for in NBET and 61 in PGZ, against full books of 34 and 110.
You are not choosing between two funds in isolation.
Whichever of NBET and PGZ 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, NBET or PGZ?
NBET has an expense ratio of 0.65% while PGZ charges 2.16%. NBET is the cheaper option, by $151 a year on a $10,000 investment.
Which performed better, NBET or PGZ?
Over the past year NBET returned +32.21% vs -4.95% for PGZ, so NBET leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NBET or PGZ?
NBET has been the more volatile fund at 19.2% annualized versus 18.0% for PGZ. Worst drawdown: NBET -18.7% vs PGZ -33.4%.
Should I hold both NBET and PGZ?
NBET and PGZ have a monthly-return correlation of 0.50, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, NBET or PGZ?
NBET yields 2.57% while PGZ yields 12.28%, so PGZ currently pays the higher dividend yield.
Is PGZ better than NBET?
NBET has a lower expense ratio. NBET led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.