NBET vs SPY
Neuberger Berman Energy Transition & Infrastructure ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, NBET or SPY?
Mid Cap Blend against Large Cap Blend.
SPY has a lower expense ratio. NBET led over 1Y and 3Y, SPY over the full window. SPY is less concentrated, with 38.2% 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 | NBET | SPY |
|---|---|---|
| Expense Ratio | 0.65% | 0.09%Best |
| AUM | $54M | $823.2B |
| Dividend Yield | 2.57% | 0.99% |
| Holdings | 34 | 1,515 |
| YTD Return | +26.43%Best | +13.53% |
| 1Y Return | +32.21%Best | +17.47% |
| 3Y Return (annualized) | +25.73%Best | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 19.2% | 15.0%Best |
| Max Drawdown | -18.7%Best | -19.9% |
| $10,000 over 4.5 years | $17,743 | $18,169Best |
| Top 10 Weight | 59.6% | 38.2%Best |
| Fund Family | Neuberger Berman ETF Trust | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Apr 6, 2022 | Jan 22, 1993 |
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 SPY 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 SPY Performance
Neuberger Berman Energy Transition & Infrastructure ETF (NBET) is an ETF from Neuberger Berman ETF Trust and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year NBET returned +32.21% while SPY returned +17.47%. Year to date, NBET is up 26.43% versus a gain of 13.53% for SPY.
Over three years, NBET compounded at +25.73% per year against +22.36% for SPY.
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 15.0% for SPY. 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 -19.9% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
NBET charges 0.65% per year while SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, NBET currently yields 2.57% against 0.99% for SPY.
Holdings Overlap
36.6% of NBET's money is in holdings SPY also owns. 2.5% of SPY's money is in holdings NBET also owns.
The two portfolios partly overlap.
11 positions in common, counted across the 31 positions we hold weights for in NBET and 504 in SPY, against full books of 34 and 1,515.
What only one of them owns
Our book lists 485 positions for SPY that do not appear in our book for NBET (96.6% of the fund), and 18 for NBET that do not appear in SPY (60.8%).
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.
Top Shared Holdings
| Stock | Weight in NBET | Weight in SPY | Difference |
|---|---|---|---|
| TRGPTarga Resources Corp Preferred | 9.18% | 0.09% | 9.09% |
| CVXChevron Corp | 4.80% | 0.60% | 4.20% |
| WMBWilliams Cos. Inc. | 5.12% | 0.13% | 4.99% |
| COPConocophillips Common Stock USD 0.01 | 4.76% | 0.25% | 4.51% |
| XOMExxonmobil Corp. | 3.26% | 1.04% | 2.22% |
| OXYOccidental Petroleum Corp. | 2.99% | 0.07% | 2.92% |
| SRESempra Common Stock | 1.91% | 0.08% | 1.83% |
| CNPCenterpoint Energy Inc. | 1.39% | 0.04% | 1.35% |
| EQTEQT Corp. | 1.38% | 0.05% | 1.33% |
| OKEOneok | 1.02% | 0.09% | 0.93% |
36.6% of NBET is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NBET or SPY?
NBET has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, NBET or SPY?
Over the past year NBET returned +32.21% vs +17.47% for SPY, 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 SPY?
NBET has been the more volatile fund at 19.2% annualized versus 15.0% for SPY. Worst drawdown: NBET -18.7% vs SPY -19.9%.
Should I hold both NBET and SPY?
NBET and SPY have a monthly-return correlation of 0.61, 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 NBET and SPY?
36.6% of NBET's money is in holdings SPY also owns. 2.5% of SPY's is in holdings NBET also owns. They hold 11 positions in common, counted across the 31 positions we hold weights for in NBET and 504 in SPY.
Which pays a higher dividend, NBET or SPY?
NBET yields 2.57% while SPY yields 0.99%, so NBET currently pays the higher dividend yield.
Is SPY better than NBET?
SPY has a lower expense ratio. NBET led over 1Y and 3Y, SPY over the full window. SPY is less concentrated, with 38.2% 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.