NBETvsPIPEETF Comparison
ETF 1
NBET
Neuberger Berman Carbon Transition & Infrastructure ETF
This fund is part of
Multiple Trends
-0.59%
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 32.4% year-to-date (YTD) with +$13M in YTD flows. PIPE performs worse with 32.24% 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 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NBET PIPE | +5.12%+3.70% | +8.41%+5.40% | +32.40%+32.24% | +36.12%+35.35% | +94.56%n/a | n/an/a |
| Flows | NBET PIPE | +$1M- | +$3M+$598K | +$13M+$2M | +$19M+$2M | +$8M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NBET PIPE | +16.45%+17.60% | +15.50%+15.64% | +17.70%n/a | n/an/a |
| Max drawdown | NBET PIPE | -4.84%-5.51% | -7.88%-7.30% | -17.36%n/a | n/an/a |
| Max drawdown duration | NBET PIPE | 21d25d | 90d109d | 359dn/a | n/an/a |
Trading data
NBET | PIPE | |
Last sale 9/10/2026 at 1:30 PM | $42.45 | $30.76 |
| Previous close 09/09/2026 | $42.73 | $31.15 |
| Consolidated volume 09/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
NBET | PIPE | |
|---|---|---|
| Last price | $42.45 | $30.76 |
| 1D performance | -0.65% | -1.26% |
| AuM | $51.21 M | $67.57 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
96.72%
Other
3.28%
PIPE
USA
72.38%
Canada
27.62%
Sectors
NBET
Energy
90.09%
Utilities
7.68%
Other
2.23%
PIPE
Energy
100%
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Diversification
NBET
Total weight of top 15 holdings out of 15
75.5%
PIPE
Total weight of top 15 holdings out of 15
75.51%
Top 15 holdings
Data as of July 31, 2026
NBET
Targa Resources Corp.
9.07%
Energy Transfer LP
7.80%
Enterprise Products Partners LP
7.70%
Cheniere Energy, Inc.
5.94%
DT Midstream, Inc.
5.82%
The Williams Cos., Inc.
5.23%
Chevron Corp.
4.49%
ConocoPhillips
4.44%
Western Midstream Partners LP
4.43%
Antero Midstream Corp.
3.93%
SunocoCorp LLC
3.77%
Antero Resources Corp.
3.42%
Clearway Energy, Inc.
3.27%
Plains GP Holdings LP
3.15%
ExxonMobil Holdings Corp.
3.03%
PIPE
Targa Resources Corp.
7.87%
Plains GP Holdings LP
6.44%
The Williams Cos., Inc.
6.08%
TC Energy Corp.
6.05%
Pembina Pipeline Corp.
5.05%
Keyera Corp.
4.88%
ONEOK, Inc.
4.88%
Cheniere Energy, Inc.
4.58%
Enbridge, Inc.
4.52%
Energy Transfer LP
4.51%
Kinder Morgan, Inc.
4.47%
Enterprise Products Partners LP
4.32%
MPLX LP
3.98%
Kodiak Gas Services, Inc.
3.97%
South Bow Corp.
3.90%
Frequently asked questions about NBET and PIPE
How have the NBET and PIPE ETFs performed in 2026?
As of September 9, 2026, NBET is up 32.4% year-to-date (YTD), while PIPE has returned 32.24%. 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 +$13M in flows, compared to +$2M for PIPE.
Which ETF is more volatile: NBET or PIPE?
Over the past year, NBET had a volatility of 15.5%, while PIPE experienced 15.64%.
Which ETF is bigger: NBET or PIPE?
As of September 9, 2026, NBET holds $51.21 M in assets under management (AUM), while PIPE manages $67.57 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 75.5% of its assets in the top 15. PIPE has 25 securities and a top 15 weight of 75.51%.
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Latest news about NBET & PIPE
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