MDST vs NBET
Westwood Salient Enhanced Midstream Income ETF vs Neuberger Berman Energy Transition & Infrastructure ETF
Which is better, MDST or NBET?
NBET has been ahead.
NBET has a lower expense ratio. NBET led over 1Y and the full window. NBET is less concentrated, with 59.3% of the fund in its ten largest positions against 64.7%.
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 | MDST | NBET |
|---|---|---|
| Expense Ratio | 0.80% | 0.65%Best |
| AUM | $280M | $52M |
| Dividend Yield | 9.91% | 2.33% |
| Holdings | 239 | 65 |
| YTD Return | +15.41% | +25.85%Best |
| 1Y Return | +18.86% | +25.97%Best |
| 3Y Return (annualized) | - | +25.78% |
| Volatility (annualized) | 12.8%Best | 18.9% |
| Max Drawdown | -14.2%Best | -17.4% |
| $10,000 over 2.6 years | $14,660 | $16,433Best |
| Top 10 Weight | 64.7% | 59.3%Best |
| Fund Family | Westwood Funds | Neuberger Berman ETF Trust |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Apr 8, 2024 | Apr 6, 2022 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Apr 9, 2024 to Nov 11, 2026 (2.6 years).
MDST 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 2.6 years both funds cover.
MDST vs NBET Performance
Westwood Salient Enhanced Midstream Income ETF (MDST) is an ETF from Westwood Funds and Neuberger Berman Energy Transition & Infrastructure ETF (NBET) is an ETF from Neuberger Berman ETF Trust. Over the past year MDST returned +18.86% while NBET returned +25.97%. Year to date, MDST is up 15.41% versus a gain of 25.85% 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 18.9% compared with 12.8% for MDST. 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 -14.2% for MDST 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MDST charges 0.80% per year while NBET charges 0.65%. On a $10,000 position that is $80 vs $65 annually, a gap of $15 per year that compounds over a long holding period. On income, MDST currently yields 9.91% against 2.33% for NBET.
Holdings Overlap
70.4% of MDST's money is in holdings NBET also owns. 56.7% of NBET's money is in holdings MDST also owns.
Most of MDST is already inside NBET. Owning both mostly buys the same companies twice.
14 positions in common, counted across the 25 positions we hold weights for in MDST and 30 in NBET, against full books of 239 and 65.
What only one of them owns
Our book lists 15 positions for NBET that do not appear in our book for MDST (41.0% of the fund), and 8 for MDST that do not appear in NBET (11.7%).
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 MDST | Weight in NBET | Difference |
|---|---|---|---|
| ETEnergy Transfer Lp | 9.42% | 7.58% | 1.84% |
| TRGPTarga Resources Corp Preferred | 5.20% | 9.49% | 4.29% |
| EPDEnterprise Products Partners Lp | 6.65% | 7.27% | 0.62% |
| WMBWilliams Cos. Inc. | 8.60% | 4.51% | 4.09% |
| LNGCheniere Energy Inc. | 5.37% | 6.37% | 1.00% |
| DTMDT Midstream Inc | 5.61% | 5.94% | 0.33% |
| AMAntero Midstream Corporationam | 4.40% | 3.60% | 0.80% |
| PAGPPlains Gp Holdings, L.p. | 4.97% | 2.07% | 2.90% |
| WESWestern Midstream Partners Lp | 2.57% | 4.14% | 1.57% |
| MPLXMplx Lp | 4.72% | 1.44% | 3.28% |
70.4% of MDST is already inside NBET.
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, MDST or NBET?
MDST has an expense ratio of 0.80% while NBET charges 0.65%. NBET is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, MDST or NBET?
Over the past year MDST returned +18.86% vs +25.97% 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, MDST or NBET?
NBET has been the more volatile fund at 18.9% annualized versus 12.8% for MDST. Worst drawdown: MDST -14.2% vs NBET -17.4%.
Should I hold both MDST and NBET?
MDST and NBET have a monthly-return correlation of 0.85, 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 MDST and NBET?
70.4% of MDST's money is in holdings NBET also owns. 56.7% of NBET's is in holdings MDST also owns. They hold 14 positions in common, counted across the 25 positions we hold weights for in MDST and 30 in NBET.
Which pays a higher dividend, MDST or NBET?
MDST yields 9.91% while NBET yields 2.33%, so MDST currently pays the higher dividend yield.
Is NBET better than MDST?
NBET has a lower expense ratio. NBET led over 1Y and the full window. NBET is less concentrated, with 59.3% of the fund in its ten largest positions against 64.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.