Neuberger Berman ETF (NBSM) Performance
NBSM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.7% since Dec 31, 2025
- 1 year
- +10.3% total return
- Since first price
- +11.2% since 2024
NBSM trailing returns vs SPY, QQQ, AGG
| Period | NBSM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.4% | +1.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.9% | +0.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.4% | +4.4% | +7.8% | +8.4% | −1.5% |
| YTD | +11.7% | +11.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.3% | +9.9% | +14.4% | +15.9% | −1.1% |
| Since inceptionMar 21, 2024 | +11.2% | +10.6% | — | — | — |
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: NBSM vs SPY
From Mar 21, 2024: NBSM grew to $11,124, SPY to $14,983.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NBSM returns by calendar year
0 of 1 full years positive. Best 2025 (−0.0%), worst 2025 (−0.0%). 2026 is year to date.
NBSM annual returns table
| Year | NBSM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.7% | −10.1% | +12.3% | +15.1% | −1.0% |
| 2025 | −0.0% | −19.8% | +17.7% | +20.8% | +7.2% |
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.
NBSM largest drawdowns
Now 4.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 25, 2024 | −25.2% | Apr 8, 2025 | Jun 25, 2026 | 4 months | 1.6 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NBSM risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +2.7% |
| Volatility (annualized) | 15.1% |
| Sharpe ratio | -0.03 |
| Sortino ratio | -0.04 |
| Best month | +8.6% |
| Worst month | −9.4% |
| Best 12 months | +16.1% |
| Worst 12 months | −8.2% |
| Positive months | 50% |
| 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.
NBSM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 20 | −8.2% | +1.7% | +16.1% | 55% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
NBSM performance overview
Neuberger Berman ETF (NBSM) returned +10.3% over the past year, with distributions reinvested. Since its first recorded price on Mar 21, 2024 it has returned +11.2%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −25.2%, from Nov 25, 2024 to Apr 8, 2025, and it took 1.2 years to get back to the old high. Volatility has been 15.1% a year.
Related: NBSM chart, NBSM holdings, NBSM dividends, NBSM valuation. See the NBSM overview for the latest quote and fund facts.
NBSM performance FAQ
What is the NBSM return over the past year?
NBSM returned +10.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.9%.
How much would $10,000 invested in NBSM be worth?
$10,000 invested in NBSM at its first recorded close on March 21, 2024 would be worth about $11,124 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of NBSM?
The largest peak-to-trough decline was −25.2% between November 25, 2024 and April 8, 2025. It recovered to the old high on June 25, 2026, 1.2 years after the bottom.
How volatile is NBSM?
Over the past history NBSM had an annualized volatility of 15.1% and a Sharpe ratio of -0.03 (excess return over 1–3 month T-bills per unit of risk).