NBETvsPIPEETF Comparison
ETF 1
NBET
Neuberger Berman Carbon Transition & Infrastructure ETF
This fund is part of
Multiple Trends
+1.32%
VS
Neuberger Berman Carbon Transition & Infrastructure ETF (NBET) belongs to the Multiple Trends segment. Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) is part of the Infrastructure segment. NBET's top 3 sector exposures are Energy, Utilities and Industrials. In contrast, PIPE's top sector exposures are Energy. NBET is more expensive with a Total Expense Ratio (TER) of 2.1%, versus 0.75% for PIPE. NBET is up 32.23% year-to-date (YTD) with +$18M in YTD flows. PIPE performs worse with 28.77% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of NBET and PIPE 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 PIPE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NBET PIPE | +6.55%+4.71% | +6.73%+0.66% | +32.23%+28.77% | +35.65%+34.56% | +114.57%n/a | n/an/a |
| Flows | NBET PIPE | +$4M- | +$6M+$598K | +$18M+$2M | +$24M+$2M | +$13M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NBET PIPE | +16.68%+16.87% | +15.79%+16.18% | +17.62%n/a | n/an/a |
| Max drawdown | NBET PIPE | -7.74%-9.06% | -7.88%-9.06% | -17.36%n/a | n/an/a |
| Max drawdown duration | NBET PIPE | 47d69d | 90d69d | 359dn/a | n/an/a |
Trading data
NBET | PIPE | |
Last sale 10/27/2026 at 1:46 PM | $42.30 | $30.16 |
| Previous close 10/26/2026 | $42.34 | $29.99 |
| Consolidated volume 10/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/27/2026 at 1:46 PM
Live
Closed
NBET | PIPE | |
|---|---|---|
| Last price | $42.30 | $30.16 |
| 1D performance | -0.09% | +0.58% |
| AuM | $56.05 M | $65.36 M |
| E/R | 2.1% | 0.75% |
Characteristics
NBET | PIPE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Neuberger Berman | Invesco |
| Benchmark | - | - |
| N° of holdings | 30 | 25 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 6, 2022 | February 20, 2025 |
| ESG | Yes | No |
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Exposure
Countries
NBET
USA
95.59%
Other
4.41%
PIPE
USA
74.13%
Canada
25.87%
Other
-0%
Sectors
NBET
Energy
89.31%
Utilities
7.07%
Other
3.63%
PIPE
Energy
100%
Other
-0%
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Diversification
NBET
Total weight of top 15 holdings out of 15
76.95%
PIPE
Total weight of top 15 holdings out of 15
75.66%
Top 15 holdings
Data as of August 31, 2026
NBET
Targa Resources Corp.
9.43%
Energy Transfer LP
7.89%
Enterprise Products Partners LP
7.52%
Cheniere Energy, Inc.
6.30%
DT Midstream, Inc.
6.17%
The Williams Cos., Inc.
5.25%
ConocoPhillips
4.68%
Chevron Corp.
4.50%
Western Midstream Partners LP
4.38%
Antero Midstream Corp.
3.84%
Clearway Energy, Inc.
3.82%
SunocoCorp LLC
3.67%
Antero Resources Corp.
3.48%
Occidental Petroleum Corp.
3.02%
ExxonMobil Holdings Corp.
3.00%
PIPE
Targa Resources Corp.
8.42%
Plains GP Holdings LP
6.64%
The Williams Cos., Inc.
6.30%
TC Energy Corp.
5.47%
ONEOK, Inc.
5.03%
Cheniere Energy, Inc.
4.87%
Keyera Corp.
4.79%
Pembina Pipeline Corp.
4.75%
Energy Transfer LP
4.68%
Kinder Morgan, Inc.
4.34%
Enterprise Products Partners LP
4.27%
Kodiak Gas Services, Inc.
4.26%
MPLX LP
4.02%
Enbridge, Inc.
4.01%
South Bow Corp.
3.82%
Frequently asked questions about NBET and PIPE
How have the NBET and PIPE ETFs performed in 2026?
As of October 26, 2026, NBET is up 32.23% year-to-date (YTD), while PIPE has returned 28.77%. That puts NBET better performer ahead so far this year.
Which ETF is attracting more investor money: NBET or PIPE?
Year-to-date, the NBET ETF saw +$18M in flows, compared to +$2M for PIPE.
Which ETF is more volatile: NBET or PIPE?
Over the past year, NBET had a volatility of 15.79%, while PIPE experienced 16.18%.
Which ETF is bigger: NBET or PIPE?
As of October 26, 2026, NBET holds $56.05 M in assets under management (AUM), while PIPE manages $65.36 M.
What sectors do the NBET and PIPE ETFs invest in?
NBET leans toward sectors like Energy and Utilities. Meanwhile, PIPE focuses on Energy.
What are the top holdings of the NBET ETF and PIPE ETF?
NBET top holdings include Targa Resources Corp., Energy Transfer LP and Enterprise Products Partners LP. PIPE holds in its top three: Targa Resources Corp., Plains GP Holdings LP and The Williams Cos., Inc..
Which ETF is more diversified: NBET or PIPE?
NBET holds 30 securities with 76.95% of its assets in the top 15. PIPE has 25 securities and a top 15 weight of 75.66%.
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Latest news about NBET & PIPE
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