Neuberger Berman Energy Transition… (NBET) Performance
NBET total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +31.4% since Dec 31, 2025
- 1 year
- +34.5% total return
- 5 years
- +14.9% a year
- 10 years
- +17.5% a year
- Since first price
- +7.8% a year since 2001
NBET trailing returns vs SPY, QQQ, AGG
| Period | NBET total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.9% | +3.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.8% | +2.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.2% | +5.6% | +7.8% | +8.4% | −1.5% |
| YTD | +31.4% | +28.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +34.5% | +31.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +115.5%+29.2%/yr | +97.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +100.1%+14.9%/yr | +82.2% | — | — | — |
| 10 years | +402.4%+17.5%/yr | +357.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +1,013.8%+17.4%/yr | +914.0% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +155.4%+4.8%/yr | +132.5% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionDec 14, 2001 | +552.0%+7.8%/yr | +493.6% | — | — | — |
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: NBET vs SPY
From Dec 14, 2001: NBET grew to $65,202, SPY to $105,375.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NBET returns by calendar year
18 of 21 full years positive. Best 2018 (+85.5%), worst 2008 (−54.2%). 2026 is year to date.
NBET annual returns table
| Year | NBET | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +31.4% | −8.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +5.9% | −17.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +30.3% | −9.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +7.5% | −18.7% | +26.2% | +54.9% | +5.7% |
| 2022 | +2.7% | −17.7% | −18.2% | −32.6% | −13.0% |
| 2018 | +85.5% | −5.1% | −4.6% | −0.1% | +0.1% |
| 2017 | +20.9% | −7.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +5.6% | −9.6% | +12.0% | +7.1% | +2.4% |
| 2015 | +12.7% | −14.0% | +1.2% | +9.4% | +0.5% |
| 2014 | +16.1% | −11.0% | +13.5% | +19.2% | +6.0% |
| 2013 | +35.5% | −12.1% | +32.3% | +36.6% | −2.0% |
| 2012 | +10.0% | −27.3% | +16.0% | +18.1% | +3.8% |
| 2011 | +2.0% | −20.0% | +1.9% | +3.4% | +7.7% |
| 2010 | +69.0% | −41.7% | +15.1% | +19.9% | +6.4% |
| 2009 | −51.7% | −54.2% | +26.4% | +54.7% | +3.0% |
| 2008 | −54.2% | −66.1% | −36.8% | −41.7% | +7.9% |
| 2007 | −25.1% | −27.6% | +5.1% | +19.0% | +6.6% |
| 2006 | +11.8% | −10.9% | +15.8% | +7.1% | +3.9% |
| 2005 | +29.4% | −7.4% | +4.8% | +1.6% | +2.3% |
| 2004 | +7.1% | −19.7% | +10.7% | +10.5% | +3.8% |
| 2003 | +42.7% | −22.3% | +28.2% | +49.7% | — |
| 2002 | +17.8% | −10.5% | −21.6% | −37.4% | — |
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.
NBET largest drawdowns
Now 0.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 23, 2006 | −84.8% | Dec 24, 2009 | Apr 26, 2018 | 3.2 years | 11.5 years |
| May 9, 2003 | −22.3% | May 21, 2003 | Feb 11, 2004 | 12 days | 9 months |
| May 3, 2004 | −19.7% | Sep 2, 2004 | Feb 28, 2005 | 4 months | 10 months |
| Jul 21, 2023 | −18.7% | Oct 27, 2023 | Mar 6, 2024 | 3 months | 8 months |
| Aug 15, 2022 | −17.7% | Oct 12, 2022 | Jul 12, 2023 | 58 days | 11 months |
| Jan 21, 2025 | −17.4% | Apr 8, 2025 | Jan 16, 2026 | 3 months | 12 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NBET risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2001 |
|---|---|---|---|---|
| Annualized return | +23.7% | +27.0% | +22.4% | +9.2% |
| Volatility (annualized) | 18.4% | 29.7% | 23.1% | 32.2% |
| Sharpe ratio | 1.02 | 0.81 | 0.89 | — |
| Sortino ratio | 1.85 | 2.20 | 2.28 | — |
| Best month | +12.8% | +52.6% | +52.6% | +52.6% |
| Worst month | −8.3% | −8.9% | −8.9% | −42.0% |
| Best 12 months | +47.8% | +70.3% | +98.1% | +98.1% |
| Worst 12 months | +1.6% | −4.9% | −7.6% | −78.2% |
| Positive months | 67% | 63% | 61% | 56% |
| Beta vs S&P 500 | 0.52 | 0.68 | 0.63 | — |
| Correlation with S&P 500 | 0.35 | 0.35 | 0.35 | — |
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.
NBET rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 244 | −78.2% | +16.1% | +98.1% | 79% |
| 3-year (a year) | 220 | −45.1% | +15.6% | +39.8% | 78% |
| 5-year (a year) | 196 | −25.9% | +15.5% | +30.7% | 67% |
| 10-year (a year) | 136 | −6.1% | −1.4% | +24.4% | 46% |
Every holding period starting at a month-end since 2001. Returns for 3 years and longer are annualized.
NBET performance overview
Neuberger Berman Energy Transition… (NBET) returned +34.5% over the past year and +17.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2001 it has returned +7.8% a year, turning $10,000 into about $65,202. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −84.8%, from Oct 23, 2006 to Dec 24, 2009, and it took 8.3 years to get back to the old high. NBET finished 18 of its 21 full calendar years with a gain; the best year was 2018 (+85.5%) and the worst 2008 (−54.2%). Volatility has been 32.2% a year.
Related: NBET chart, NBET holdings, NBET dividends, NBET valuation. See the NBET overview for the latest quote and fund facts.
NBET performance FAQ
What is the NBET return over the past year?
NBET returned +34.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 31.1%.
What is the average annual return of NBET?
NBET has returned +14.9% a year over 5 years, +17.5% a year over 10 years, +7.8% a year since December 14, 2001 (total return, distributions reinvested).
How much would $10,000 invested in NBET be worth?
$10,000 invested in NBET at its first recorded close on December 14, 2001 would be worth about $65,202 on October 23, 2026 with distributions reinvested.
What was the worst year for NBET?
The worst calendar year was 2008, with a total return of −54.2%. The best was 2018 at +85.5%.
What is the biggest drawdown of NBET?
The largest peak-to-trough decline was −84.8% between October 23, 2006 and December 24, 2009. It recovered to the old high on April 26, 2018, 8.3 years after the bottom.
How volatile is NBET?
Over the past 3 years NBET had an annualized volatility of 18.4% and a Sharpe ratio of 1.02 (excess return over 1–3 month T-bills per unit of risk).