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NBETvsIEOETF Comparison

ETF 1

NBET

Neuberger Berman Carbon Transition & Infrastructure ETF

This fund is part of

Multiple Trends

-0.12%

Full NBET fund page

VS

ETF 2

IEO

iShares U.S. Oil & Gas Exploration & Production ETF

This fund is part of

US Energy

+1.37%

Full IEO fund page

Neuberger Berman Carbon Transition & Infrastructure ETF (NBET) belongs to the Multiple Trends segment. iShares U.S. Oil & Gas Exploration & Production ETF (IEO) is part of the US Energy segment. NBET's top 3 sector exposures are Energy, Utilities and Industrials. In contrast, IEO's top sector exposures are Energy, NBET is more expensive with a Total Expense Ratio (TER) of 2.56%, versus 0.38% for IEO. NBET is up 22.34% year-to-date (YTD) with +$8M in YTD flows. IEO performs better with 31.3% YTD performance, and +$52M in YTD flows. Run a side-by-side ETF comparison of NBET and IEO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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NBET vs IEO performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	NBET IEO	-3.37%-9.54%	+15.48%+23.30%	+22.34%+31.30%	+30.72%+42.35%	+73.61%+49.80%	n/a+180.43%
Flows	NBET IEO	+$3M-$4M	+$6M+$62M	+$8M+$52M	+$15M-$45M	+$4M-$242M	--$27M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	NBET IEO	+15.21%+28.81%	+14.30%+24.41%	+17.39%+25.47%	n/a+30.66%
Max drawdown	NBET IEO	-6.91%-14.30%	-6.91%-14.30%	-18.70%-31.40%	n/a-31.40%
Max drawdown duration	NBET IEO	26d29d	26d29d	226d683d	n/a683d

Trading data

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	NBET	IEO
Last sale 4/29/2026 at 1:30 PM	$40.83	$122.29
Previous close 04/28/2026	$40.50	$118.38
Consolidated volume 04/28/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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NBET

is actively managed and doesn’t replicate an index

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	NBET	IEO
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/29/2026 at 1:30 PM

Live

Closed

	NBET	IEO
Last price	$40.83	$122.29
1D performance	+0.82%	+3.30%
AuM	$42.72 M	$589.22 M
E/R	2.56%	0.38%

Characteristics

	NBET	IEO
Management strategy	Active	Passive
Provider	Neuberger Berman	iShares
Benchmark	-	Dow Jones U.S. Select Oil Exploration & Production Index
N° of holdings	25	40
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	April 6, 2022	May 1, 2006
ESG	Yes	No

More NBET data on Trackinsight

More IEO data on Trackinsight

Exposure

Countries

NBET

USA

72.68%

Other

27.32%

IEO

USA

100.1%

Other

-0.1%

Sectors

NBET

Energy

64.83%

Utilities

8.6%

Other

26.56%

IEO

Energy

94.46%

Other

5.54%

Diversification

NBET

Total weight of top 15 holdings out of 15

61.35%

IEO

Total weight of top 15 holdings out of 15

82.94%

Top 15 holdings

Data as of March 31, 2026

NBET

TARGA RESOURCS

8.86%

CHENIERE ENERGY

6.27%

DT MIDSTREAM INC

5.57%

WILLIAMS

5.21%

ANTERO MIDSTREAM CORPORATION

3.99%

CLEARWAY ENERGY INC

3.97%

ANTERO RESOURCES

3.94%

OCCIDENTAL U

3.35%

CHEVRON TEXACO

3.24%

EXXON

3.24%

SEMPRA ENERGY

3.09%

PLAINS GP HOLDINGS

2.85%

KINETIK HOLDINGS INC

2.70%

CALIFORNIA RESOURCES

2.56%

EQT

2.52%

IEO

CONOCOPHILLIPS

19.46%

EOG RESOURCES

9.44%

VALERO ENERGY

9.07%

PHILLIPS 66

7.29%

DIAMONDBACK ENERGY

4.81%

DEVON ENERGY

4.47%

MARATHON PETROLEUM

4.43%

EQT

4.11%

COTERRA ENERGY

3.82%

CHESAPEAKE ENERGY

3.75%

TEXAS PACIFIC LAND CORP

3.72%

OVINTIV INC

2.36%

US71424F1057

2.26%

APA CORPORATION

2.16%

ANTERO RESOURCES

1.78%

Frequently asked questions about NBET and IEO

How have the NBET and IEO ETFs performed in 2026?

As of April 24, 2026, NBET is up 22.34% year-to-date (YTD), while IEO has returned 31.3%. That puts IEO better performer ahead so far this year.

Which ETF is attracting more investor money: NBET or IEO?

Year-to-date, the NBET ETF saw +$8M in flows, compared to +$52M for IEO.

Which ETF is more volatile: NBET or IEO?

Over the past year, NBET had a volatility of 14.3%, while IEO experienced 24.41%.

Which ETF is bigger: NBET or IEO?

As of April 24, 2026, NBET holds $42.72 M in assets under management (AUM), while IEO manages $589.22 M.

What sectors do the NBET and IEO ETFs invest in?

NBET leans toward sectors like Energy and Utilities. Meanwhile, IEO focuses on Energy.

What are the top holdings of the NBET ETF and IEO ETF?

NBET top holdings include TARGA RESOURCS, CHENIERE ENERGY and DT MIDSTREAM INC. IEO holds in its top three: CONOCOPHILLIPS, EOG RESOURCES and VALERO ENERGY.

Which ETF is more diversified: NBET or IEO?

NBET holds 26 securities with 61.35% of its assets in the top 15. IEO has 47 securities and a top 15 weight of 82.94%.

Crude and Natural Gas Markets on the Move

August 12, 2024

IEO

War in the Middle East: ETF Movers & Shakers

May 15, 2024

IEO

NBETvsIEOETF Comparison

Neuberger Berman Carbon Transition & Infrastructure ETF

iShares U.S. Oil & Gas Exploration & Production ETF

NBET vs IEO performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the NBET and IEO ETFs performed in 2026?

As of April 24, 2026, NBET is up 22.34% year-to-date (YTD), while IEO has returned 31.3%. That puts IEO better performer ahead so far this year.

Which ETF is attracting more investor money: NBET or IEO?

Year-to-date, the NBET ETF saw +$8M in flows, compared to +$52M for IEO.

Which ETF is more volatile: NBET or IEO?

Over the past year, NBET had a volatility of 14.3%, while IEO experienced 24.41%.

Which ETF is bigger: NBET or IEO?

As of April 24, 2026, NBET holds $42.72 M in assets under management (AUM), while IEO manages $589.22 M.

What sectors do the NBET and IEO ETFs invest in?

NBET leans toward sectors like Energy and Utilities. Meanwhile, IEO focuses on Energy.

What are the top holdings of the NBET ETF and IEO ETF?

NBET top holdings include TARGA RESOURCS, CHENIERE ENERGY and DT MIDSTREAM INC. IEO holds in its top three: CONOCOPHILLIPS, EOG RESOURCES and VALERO ENERGY.

Which ETF is more diversified: NBET or IEO?

NBET holds 26 securities with 61.35% of its assets in the top 15. IEO has 47 securities and a top 15 weight of 82.94%.

Crude and Natural Gas Markets on the Move

War in the Middle East: ETF Movers & Shakers

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