Neuberger Berman ETF (NBCE) Performance
NBCE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +0.7% since Dec 31, 2025
- 1 year
- +5.2% total return
- 3 years
- +14.3% a year
- Since first price
- +12.2% a year since 2023
NBCE trailing returns vs SPY, QQQ, AGG
| Period | NBCE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −12.9% | −12.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −14.2% | −14.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −11.1% | −11.1% | +7.8% | +8.4% | −1.5% |
| YTD | +0.7% | +0.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +5.2% | +3.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +49.4%+14.3%/yr | +45.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionOct 16, 2023 | +41.6%+12.2%/yr | +38.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: NBCE vs SPY
From Oct 16, 2023: NBCE grew to $14,155, SPY to $18,072.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NBCE returns by calendar year
2 of 2 full years positive. Best 2025 (+39.1%), worst 2024 (+3.3%). 2026 is year to date.
NBCE annual returns table
| Year | NBCE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +0.7% | −26.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +39.1% | −16.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +3.3% | −24.3% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
NBCE largest drawdowns
Now 26.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 7, 2024 | −28.4% | Apr 7, 2025 | Sep 17, 2025 | 6 months | 11 months |
| Jun 22, 2026 | −26.8% | Oct 22, 2026 | not yet | 4 months | 4 months so far |
| May 9, 2024 | −15.3% | Sep 10, 2024 | Sep 27, 2024 | 4 months | 5 months |
| Nov 20, 2023 | −15.2% | Feb 2, 2024 | Apr 29, 2024 | 2 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NBCE risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +17.2% |
| Volatility (annualized) | 23.2% |
| Sharpe ratio | 0.61 |
| Sortino ratio | 1.06 |
| Best month | +18.9% |
| Worst month | −14.8% |
| Best 12 months | +68.1% |
| Worst 12 months | +3.3% |
| Positive months | 57% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
NBCE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 25 | +2.5% | +27.1% | +68.1% | 100% |
| 3-year (a year) | 1 | +13.0% | +13.0% | +13.0% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
NBCE performance overview
Neuberger Berman ETF (NBCE) returned +5.2% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +12.2% a year, turning $10,000 into about $14,155. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −28.4%, from Oct 7, 2024 to Apr 7, 2025, and it took 5 months to get back to the old high. Volatility has been 23.2% a year.
Related: NBCE chart, NBCE dividends. See the NBCE overview for the latest quote and fund facts.
NBCE performance FAQ
What is the NBCE return over the past year?
NBCE returned +5.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 3.8%.
How much would $10,000 invested in NBCE be worth?
$10,000 invested in NBCE at its first recorded close on October 16, 2023 would be worth about $14,155 on October 23, 2026 with distributions reinvested.
What was the worst year for NBCE?
The worst calendar year was 2024, with a total return of +3.3%. The best was 2025 at +39.1%.
What is the biggest drawdown of NBCE?
The largest peak-to-trough decline was −28.4% between October 7, 2024 and April 7, 2025. It recovered to the old high on September 17, 2025, 5 months after the bottom.
How volatile is NBCE?
Over the past history NBCE had an annualized volatility of 23.2% and a Sharpe ratio of 0.61 (excess return over 1–3 month T-bills per unit of risk).