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NBETvsPXEETF Comparison

ETF 1
NBET

Neuberger Berman Carbon Transition & Infrastructure ETF

This fund is part of
Multiple Trends
+0.28%
Full NBET fund page
VS
ETF 2
PXE

Invesco Dynamic Energy Exploration & Production ETF

This fund is part of
US Energy
+2.39%
Full PXE fund page

Neuberger Berman Carbon Transition & Infrastructure ETF (NBET) belongs to the Multiple Trends segment. Invesco Dynamic Energy Exploration & Production ETF (PXE) is part of the US Energy segment. NBET's top 3 sector exposures are Energy, Utilities and Materials. In contrast, PXE's top sector exposures are Energy, Utilities  NBET is more expensive with a Total Expense Ratio (TER) of 2.56%, versus 0.61% for PXE. NBET is up 19.48% year-to-date (YTD) with +$5M in YTD flows. PXE performs better with 27.25% YTD performance, and -$4M in YTD flows. Run a side-by-side ETF comparison of NBET and PXE 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 PXE performance and flow charts

Performance

024681012%Feb 10Feb 18Feb 25Mar 4Mar 11

Cumulative Flows

-1,000,00001,000,0002,000,0003,000,000Feb 10Feb 18Feb 25Mar 4Mar 11

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

Historic performance and flows
Data as of 03/10/2026
1M3MYTD1Y3Y5Y
Perf.
NBET
PXE
+5.97%+8.98%
+18.32%+19.76%
+19.48%+27.25%
+27.01%+34.08%
+75.58%+46.50%
n/a+150.15%
Flows
NBET
PXE
+$3M+$74K
+$5M-$3M
+$5M-$4M
+$20M-$14M
+$1M-$114M
--$46M
Volatility and drawdown
3M1Y3Y5Y
Volatility
NBET
PXE
+14.26%+28.45%
+20.02%+33.49%
+17.59%+28.00%
n/a+33.93%
Max drawdown
NBET
PXE
-2.93%-7.55%
-16.51%-23.62%
-18.70%-37.59%
n/a-37.59%
Max drawdown duration
NBET
PXE
21d48d
245d71d
226d703d
n/a703d
Trading data

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NBET
PXE
Last sale
3/12/2026 at 1:30 PM
$39.81
$35.90
Previous close
03/11/2026
$39.71
$35.59
Consolidated volume
03/11/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 2026
1-year trailing difference

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NBET
is actively managed and doesn’t replicate an index

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NBET
PXE
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/12/2026 at 1:30 PM
Live
Closed
NBET
PXE
Last price
$39.81
$35.90
1D performance
+0.24%
+0.87%
AuM$39.07 M$91.05 M
E/R2.56%0.61%
Characteristics
NBET
PXE
Management strategyActivePassive
ProviderNeuberger BermanInvesco
Benchmark-Dynamic Energy Exploration & Production Intellidex Index
N° of holdings2429
Asset class-Equities
Trailing 12m distribution yield
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Inception dateApril 6, 2022October 26, 2005
ESGYesNo
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Exposure

Countries

NBET
USA
69.94%
Other
30.06%
PXE
USA
100%
Other
-0%

Sectors

NBET
Energy
62.86%
Utilities
10%
Other
27.14%
PXE
Energy
91.56%
Other
8.44%
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Diversification

NBET

Total weight of top 15 holdings out of 15

60.68%
PXE

Total weight of top 15 holdings out of 15

61.46%

Top 15 holdings

Data as of January 31, 2026
NBET
TARGA RESOURCS
8.62%
DT MIDSTREAM INC
6.02%
WILLIAMS
5.56%
CHENIERE ENERGY
5.40%
CLEARWAY ENERGY INC
4.17%
ANTERO RESOURCES
3.89%
ANTERO MIDSTREAM CORPORATION
3.80%
SEMPRA ENERGY
3.55%
CHEVRON TEXACO
3.19%
EXXON
3.11%
PLAINS GP HOLDINGS
2.77%
OCCIDENTAL U
2.69%
EQT
2.64%
KINETIK HOLDINGS INC
2.63%
TOURMALINE OIL
2.63%
PXE
DEVON ENERGY
5.40%
OCCIDENTAL U
5.33%
PHILLIPS 66
5.29%
VALERO ENERGY
5.28%
COTERRA ENERGY
5.25%
DIAMONDBACK ENERGY
5.22%
EQT
4.93%
MARATHON PETROLEUM
4.56%
NORTHERN OIL&GAS
2.93%
CALIFORNIA RESOURCES
2.92%
MAGNOLIA OIL AND GAS CORP
2.89%
US71424F1057
2.89%
OVINTIV INC
2.86%
SM ENERGY
2.85%
APA CORPORATION
2.85%
Frequently asked questions about NBET and PXE

How have the NBET and PXE ETFs performed in 2026?

As of March 10, 2026, NBET is up 19.48% year-to-date (YTD), while PXE has returned 27.25%. That puts PXE better performer ahead so far this year.

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

Year-to-date, the NBET ETF saw +$5M in flows, compared to -$4M for PXE.

Which ETF is more volatile: NBET or PXE?

Over the past year, NBET had a volatility of 20.02%, while PXE experienced 33.49%.

Which ETF is bigger: NBET or PXE?

As of March 10, 2026, NBET holds $39.07 M in assets under management (AUM), while PXE manages $91.05 M.

What sectors do the NBET and PXE ETFs invest in?

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

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

NBET top holdings include TARGA RESOURCS, DT MIDSTREAM INC and WILLIAMS. PXE holds in its top three: DEVON ENERGY, OCCIDENTAL U and PHILLIPS 66.

Which ETF is more diversified: NBET or PXE?

NBET holds 25 securities with 60.68% of its assets in the top 15. PXE has 30 securities and a top 15 weight of 61.46%.

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