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NBETvsXOPETF Comparison

ETF 1
NBET

Neuberger Berman Carbon Transition & Infrastructure ETF

This fund is part of
Multiple Trends
-1.55%
Full NBET fund page
VS
ETF 2
XOP

SPDR S&P Oil & Gas Exploration & Production ETF

This fund is part of
US Energy
+0.76%
Full XOP fund page

Neuberger Berman Carbon Transition & Infrastructure ETF (NBET) belongs to the Multiple Trends segment. SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is part of the US Energy segment. NBET's top 3 sector exposures are Energy, Utilities and Materials. In contrast, XOP's top sector exposures are Energy,  NBET is more expensive with a Total Expense Ratio (TER) of 2.56%, versus 0.35% for XOP. NBET is up 21.41% year-to-date (YTD) with +$5M in YTD flows. XOP performs better with 31.99% YTD performance, and +$826M in YTD flows. Run a side-by-side ETF comparison of NBET and XOP 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 XOP performance and flow charts

Performance

0510%Feb 11Feb 19Feb 26Mar 5Mar 12

Cumulative Flows

0 M200 M400 M600 M800 MFeb 11Feb 19Feb 26Mar 5Mar 12

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Historic performance and flows
Data as of 03/11/2026
1M3MYTD1Y3Y5Y
Perf.
NBET
XOP
+5.75%+15.25%
+20.43%+27.42%
+21.41%+31.99%
+28.21%+37.35%
+78.41%+44.95%
n/a+107.62%
Flows
NBET
XOP
+$3M+$716M
+$5M+$806M
+$5M+$826M
+$20M+$407M
+$1M-$1.19B
--$3.07B
Volatility and drawdown
3M1Y3Y5Y
Volatility
NBET
XOP
+14.48%+28.88%
+20.07%+33.69%
+17.60%+28.16%
n/a+34.80%
Max drawdown
NBET
XOP
-2.76%-5.25%
-16.51%-23.80%
-18.70%-34.97%
n/a-34.97%
Max drawdown duration
NBET
XOP
20d30d
245d75d
226d690d
n/a690d
Trading data

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NBET
XOP
Last sale
3/13/2026 at 1:30 PM
$40.04
$167.95
Previous close
03/12/2026
$39.81
$166.71
Consolidated volume
03/12/2026
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
XOP
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/13/2026 at 1:30 PM
Live
Closed
NBET
XOP
Last price
$40.04
$167.95
1D performance
+0.57%
+0.74%
AuM$39.70 M$3.27 B
E/R2.56%0.35%
Characteristics
NBET
XOP
Management strategyActivePassive
ProviderNeuberger BermanSPDR
Benchmark-S&P Oil & Gas Exploration & Production Select Industry Index
N° of holdings2444
Asset class-Equities
Trailing 12m distribution yield
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Inception dateApril 6, 2022June 19, 2006
ESGYesNo
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Exposure

Countries

NBET
USA
69.94%
Other
30.06%
XOP
USA
99.96%
Other
0.04%

Sectors

NBET
Energy
62.86%
Utilities
10%
Other
27.14%
XOP
Energy
87.78%
Other
12.22%
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Diversification

NBET

Total weight of top 15 holdings out of 15

60.68%
XOP

Total weight of top 15 holdings out of 15

42.96%

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%
XOP
US92333F1012
4.11%
EXXON
3.01%
TEXAS PACIFIC LAND CORP
2.98%
CHEVRON TEXACO
2.98%
CALIFORNIA RESOURCES
2.86%
MAGNOLIA OIL AND GAS CORP
2.83%
OCCIDENTAL U
2.77%
CONOCOPHILLIPS
2.74%
US71424F1057
2.74%
COTERRA ENERGY
2.72%
DEVON ENERGY
2.67%
OVINTIV INC
2.66%
US64361Q1013
2.64%
HF SINCLAIR CORPORATION
2.63%
VALERO ENERGY
2.63%
Frequently asked questions about NBET and XOP

How have the NBET and XOP ETFs performed in 2026?

As of March 11, 2026, NBET is up 21.41% year-to-date (YTD), while XOP has returned 31.99%. That puts XOP better performer ahead so far this year.

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

Year-to-date, the NBET ETF saw +$5M in flows, compared to +$826M for XOP.

Which ETF is more volatile: NBET or XOP?

Over the past year, NBET had a volatility of 20.07%, while XOP experienced 33.69%.

Which ETF is bigger: NBET or XOP?

As of March 11, 2026, NBET holds $39.70 M in assets under management (AUM), while XOP manages $3.27 B.

What sectors do the NBET and XOP ETFs invest in?

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

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

NBET top holdings include TARGA RESOURCS, DT MIDSTREAM INC and WILLIAMS. XOP holds in its top three: US92333F1012, EXXON and TEXAS PACIFIC LAND CORP.

Which ETF is more diversified: NBET or XOP?

NBET holds 25 securities with 60.68% of its assets in the top 15. XOP has 50 securities and a top 15 weight of 42.96%.

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