NBET vs SPY
Neuberger Berman Energy Transition & Infrastructure ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. NBET delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NBET | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.09% | |
| AUM | $48M | $821.1B | |
| Dividend Yield | 2.44% | 1.01% | |
| Holdings | 34 | 505 | |
| YTD Return | +27.94% | +12.35% | |
| 1Y Return | +32.74% | +20.15% | |
| 3Y Return (annualized) | +23.41% | +21.69% | |
| 5Y Return (annualized) | - | +12.77% | |
| Volatility (annualized) | 19.1% | 15.3% | |
| Max Drawdown | -18.7% | -56.5% | |
| Fund Family | Neuberger Berman ETF Trust | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 6, 2022 | Jan 22, 1993 |
NBET vs SPY Performance
Neuberger Berman Energy Transition & Infrastructure ETF (NBET) is a ETF from Neuberger Berman ETF Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NBET returned +32.74% while SPY returned +20.15%. Year to date, NBET is up 27.94% versus a gain of 12.35% for SPY.
Over three years, NBET compounded at +23.41% per year against +21.69% for SPY. Across the full 4-year window we track, NBET has the edge at +14.36% annualized vs +8.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NBET has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 15.3% 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 -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
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 2.44% against 1.01% for SPY.
Holdings Overlap
NBET and SPY share 11 holdings out of 524 unique holdings combined, representing a 2.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $56 per year of difference.
Which performed better, NBET or SPY?
Over the past year NBET returned +32.74% vs +20.15% for SPY, so NBET leads on 1-year performance. Over the longest common window we track (4 years), NBET annualized +14.36% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, NBET or SPY?
NBET has been the more volatile fund at 19.1% annualized versus 15.3% for SPY. Worst drawdown: NBET -18.7% vs SPY -56.5%.
Should I hold both NBET and SPY?
NBET and SPY have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NBET and SPY?
NBET and SPY share 11 common holdings with a 2.3% weight overlap. Combined, they hold 524 unique securities.
Which pays a higher dividend, NBET or SPY?
NBET yields 2.44% while SPY yields 1.01%, so NBET currently pays the higher dividend yield.
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