Neuberger Berman Disrupters ETF (NBDS) Performance
NBDS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.7% since Dec 31, 2025
- 1 year
- +2.9% total return
- 3 years
- +22.0% a year
- Since first price
- +10.9% a year since 2022
NBDS trailing returns vs SPY, QQQ, AGG
| Period | NBDS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.2% | −6.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.8% | −2.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.9% | +8.9% | +7.8% | +8.4% | −1.5% |
| YTD | +8.7% | +8.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +2.9% | +2.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +81.8%+22.0%/yr | +81.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionApr 7, 2022 | +60.0%+10.9%/yr | +59.4% | — | — | — |
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: NBDS vs SPY
From Apr 7, 2022: NBDS grew to $16,002, SPY to $17,987.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NBDS returns by calendar year
3 of 3 full years positive. Best 2023 (+38.6%), worst 2024 (+18.0%). 2026 is year to date.
NBDS annual returns table
| Year | NBDS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.7% | −20.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +19.6% | −28.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +18.0% | −15.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +38.6% | −16.2% | +26.2% | +54.9% | +5.7% |
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.
NBDS largest drawdowns
Now 9.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 7, 2022 | −29.8% | Oct 14, 2022 | Jul 17, 2023 | 6 months | 1.3 years |
| Feb 14, 2025 | −28.5% | Apr 8, 2025 | Jun 24, 2025 | 53 days | 4 months |
| Oct 29, 2025 | −24.0% | Mar 30, 2026 | May 14, 2026 | 5 months | 6 months |
| Jul 18, 2023 | −16.2% | Oct 26, 2023 | Dec 13, 2023 | 3 months | 5 months |
| Jul 16, 2024 | −15.6% | Aug 5, 2024 | Oct 8, 2024 | 20 days | 3 months |
| Jun 30, 2026 | −11.7% | Jul 29, 2026 | Aug 13, 2026 | 29 days | 44 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NBDS risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +23.5% | +17.0% |
| Volatility (annualized) | 23.4% | 23.6% |
| Sharpe ratio | 0.84 | 0.61 |
| Sortino ratio | 1.53 | 1.05 |
| Best month | +16.6% | +16.6% |
| Worst month | −11.9% | −11.9% |
| Best 12 months | +41.0% | +44.2% |
| Worst 12 months | −8.5% | −8.5% |
| Positive months | 61% | 57% |
| Beta vs S&P 500 | 1.60 | — |
| Correlation with S&P 500 | 0.85 | — |
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.
NBDS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 43 | −8.5% | +19.6% | +44.2% | 98% |
| 3-year (a year) | 19 | +10.3% | +21.0% | +27.9% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
NBDS performance overview
Neuberger Berman Disrupters ETF (NBDS) returned +2.9% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +10.9% a year, turning $10,000 into about $16,002. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −29.8%, from Apr 7, 2022 to Oct 14, 2022, and it took 9 months to get back to the old high. NBDS finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+38.6%) and the worst 2024 (+18.0%). Volatility has been 23.6% a year.
Related: NBDS chart, NBDS holdings, NBDS dividends, NBDS valuation. See the NBDS overview for the latest quote and fund facts.
NBDS performance FAQ
What is the NBDS return over the past year?
NBDS returned +2.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 2.6%.
How much would $10,000 invested in NBDS be worth?
$10,000 invested in NBDS at its first recorded close on April 7, 2022 would be worth about $16,002 on October 23, 2026 with distributions reinvested.
What was the worst year for NBDS?
The worst calendar year was 2024, with a total return of +18.0%. The best was 2023 at +38.6%.
What is the biggest drawdown of NBDS?
The largest peak-to-trough decline was −29.8% between April 7, 2022 and October 14, 2022. It recovered to the old high on July 17, 2023, 9 months after the bottom.
How volatile is NBDS?
Over the past 3 years NBDS had an annualized volatility of 23.4% and a Sharpe ratio of 0.84 (excess return over 1–3 month T-bills per unit of risk).