NBETvsIEZETF Comparison
ETF 1
NBET
Neuberger Berman Carbon Transition & Infrastructure ETF
This fund is part of
Multiple Trends
-3.1%
VS
Neuberger Berman Carbon Transition & Infrastructure ETF (NBET) belongs to the Multiple Trends segment. iShares U.S. Oil Equipment & Services ETF (IEZ) is part of the US Energy segment. NBET's top 3 sector exposures are Energy, Utilities and Industrials. In contrast, IEZ's top sector exposures are Energy, Non-Energy Materials and Non-Corporate. NBET is more expensive with a Total Expense Ratio (TER) of 2.1%, versus 0.38% for IEZ. NBET is up 27.31% year-to-date (YTD) with +$12M in YTD flows. IEZ performs better with 35.08% YTD performance, and +$213M in YTD flows. Run a side-by-side ETF comparison of NBET and IEZ 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 IEZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NBET IEZ | +5.85%+4.74% | +4.06%-10.66% | +27.31%+35.08% | +29.76%+52.22% | +71.27%+25.69% | n/a+118.28% |
| Flows | NBET IEZ | +$1M-$212M | +$6M-$54M | +$12M+$213M | +$18M+$215M | +$8M+$187M | -+$246M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NBET IEZ | +16.89%+28.91% | +14.65%+28.52% | +17.55%+30.25% | n/a+35.87% |
| Max drawdown | NBET IEZ | -7.88%-20.27% | -7.88%-20.27% | -18.67%-40.22% | n/a-40.22% |
| Max drawdown duration | NBET IEZ | 66d67d | 66d67d | 224d861d | n/a861d |
Trading data
NBET | IEZ | |
Last sale 7/27/2026 at 1:30 PM | $39.97 | $27.91 |
| Previous close 07/24/2026 | $41.06 | $28.04 |
| Consolidated volume 07/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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NBET
is actively managed and doesn’t replicate an indexNBET | IEZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/27/2026 at 1:30 PM
Live
Closed
NBET | IEZ | |
|---|---|---|
| Last price | $39.97 | $27.91 |
| 1D performance | -2.65% | -0.46% |
| AuM | $48.22 M | $363.08 M |
| E/R | 2.1% | 0.38% |
Characteristics
NBET | IEZ | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Neuberger Berman | iShares |
| Benchmark | - | Dow Jones U.S. Select Oil Equipment & Services Index |
| N° of holdings | 31 | 32 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 6, 2022 | May 1, 2006 |
| ESG | Yes | No |
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Exposure
Countries
NBET
USA
93.91%
Other
6.09%
IEZ
USA
92.33%
Other
7.67%
Sectors
NBET
Energy
85.76%
Utilities
8.4%
Other
5.84%
IEZ
Energy
98.88%
Other
1.12%
Diversification
NBET
Total weight of top 15 holdings out of 15
73.35%
IEZ
Total weight of top 15 holdings out of 15
84.89%
Top 15 holdings
Data as of June 30, 2026
NBET
Targa Resources Corp.
9.97%
Enterprise Products Partners LP
7.68%
Energy Transfer LP
7.56%
DT Midstream, Inc.
6.39%
The Williams Cos., Inc.
5.60%
Cheniere Energy, Inc.
5.56%
Western Midstream Partners LP
4.30%
Antero Midstream Corp.
4.20%
Clearway Energy, Inc.
3.63%
SunocoCorp LLC
3.45%
Antero Resources Corp.
3.43%
Sempra
3.10%
Plains GP Holdings LP
2.99%
US30233Q1085
2.75%
Chevron Corp.
2.73%
IEZ
Baker Hughes Co.
22.14%
SLB Ltd.
21.06%
TechnipFMC plc
4.77%
Halliburton Co.
4.30%
Kodiak Gas Services, Inc.
4.17%
Archrock, Inc.
4.04%
NOV, Inc.
3.77%
Weatherford International plc
3.32%
Transocean Ltd.
2.78%
Noble Corp. Plc
2.66%
Valaris Ltd.
2.65%
Solaris Energy Infrastructure, Inc.
2.50%
Liberty Energy, Inc.
2.42%
Oceaneering International, Inc.
2.29%
Cactus, Inc.
2.02%
Frequently asked questions about NBET and IEZ
How have the NBET and IEZ ETFs performed in 2026?
As of July 24, 2026, NBET is up 27.31% year-to-date (YTD), while IEZ has returned 35.08%. That puts IEZ better performer ahead so far this year.
Which ETF is attracting more investor money: NBET or IEZ?
Year-to-date, the NBET ETF saw +$12M in flows, compared to +$213M for IEZ.
Which ETF is more volatile: NBET or IEZ?
Over the past year, NBET had a volatility of 14.65%, while IEZ experienced 28.52%.
Which ETF is bigger: NBET or IEZ?
As of July 24, 2026, NBET holds $48.22 M in assets under management (AUM), while IEZ manages $363.08 M.
What sectors do the NBET and IEZ ETFs invest in?
NBET leans toward sectors like Energy and Utilities. Meanwhile, IEZ focuses on Energy.
What are the top holdings of the NBET ETF and IEZ ETF?
NBET top holdings include Targa Resources Corp., Enterprise Products Partners LP and Energy Transfer LP. IEZ holds in its top three: Baker Hughes Co., SLB Ltd. and TechnipFMC plc.
Which ETF is more diversified: NBET or IEZ?
NBET holds 31 securities with 73.35% of its assets in the top 15. IEZ has 32 securities and a top 15 weight of 84.89%.
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Latest news about NBET & IEZ
Energy Sector Plummets on Fed Comments and Crude Oil Stocks
May 27, 2024
IEZ
Oil Prices Fall After a Surprise Jump in U.S. Crude Stockpiles
January 16, 2024
IEZ
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