NBETvsXOPETF Comparison

ETF 1

NBET

Neuberger Berman Carbon Transition & Infrastructure ETF

This fund is part of

Multiple Trends

-3.1%

Full NBET fund page

ETF 2

XOP

State Street SPDR S&P Oil & Gas Exploration & Production ETF

This fund is part of

US Energy

+0.25%

Full XOP fund page

Neuberger Berman Carbon Transition & Infrastructure ETF (NBET) belongs to the Multiple Trends segment. State Street 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 Industrials. In contrast, XOP's top sector exposures are Energy, Finance and Non-Energy Materials. NBET is more expensive with a Total Expense Ratio (TER) of 2.1%, versus 0.35% for XOP. NBET is up 27.31% year-to-date (YTD) with +$12M in YTD flows. XOP performs better with 39.08% YTD performance, and +$1.08B 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

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 07/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	NBET XOP	+5.85%+13.76%	+4.06%+4.04%	+27.31%+39.08%	+29.76%+38.30%	+71.27%+35.08%	n/a+131.54%
Flows	NBET XOP	+$1M-$27M	+$6M+$231M	+$12M+$1.08B	+$18M+$918M	+$8M-$849M	--$2.51B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	NBET XOP	+16.89%+30.34%	+14.65%+28.30%	+17.55%+28.06%	n/a+33.89%
Max drawdown	NBET XOP	-7.88%-15.20%	-7.88%-18.50%	-18.67%-34.97%	n/a-34.97%
Max drawdown duration	NBET XOP	66d81d	66d117d	224d690d	n/a690d

Trading data

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	NBET	XOP
Last sale 7/27/2026 at 1:30 PM	$39.97	$169.08
Previous close 07/24/2026	$41.06	$174.05
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 index

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	NBET	XOP
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/27/2026 at 1:30 PM

Live

Closed

	NBET	XOP
Last price	$39.97	$169.08
1D performance	-2.65%	-2.86%
AuM	$48.22 M	$3.64 B
E/R	2.1%	0.35%

Characteristics

	NBET	XOP
Management strategy	Active	Passive
Provider	Neuberger Berman	State Street Investment Management
Benchmark	-	S&P Oil & Gas Exploration & Production Select Industry Index
N° of holdings	31	50
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	April 6, 2022	June 19, 2006
ESG	Yes	No

More NBET data on Trackinsight

More XOP data on Trackinsight

Exposure

Countries

NBET

USA

93.91%

Other

6.09%

XOP

USA

101.87%

Other

-1.87%

Sectors

NBET

Energy

85.76%

Utilities

8.4%

Other

5.84%

XOP

Energy

90.29%

Other

9.71%

Diversification

NBET

Total weight of top 15 holdings out of 15

73.35%

XOP

Total weight of top 15 holdings out of 15

41.87%

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%

XOP

Texas Pacific Land Corp.

3.25%

PBF Energy, Inc.

2.98%

Delek US Holdings, Inc.

2.88%

Expand Energy Corp.

2.87%

CNX Resources Corp.

2.85%

EQT Corp.

2.82%

Valero Energy Corp.

2.82%

Antero Resources Corp.

2.75%

HF Sinclair Corp.

2.75%

Par Pacific Holdings, Inc.

2.71%

Marathon Petroleum Corp.

2.71%

Range Resources Corp.

2.65%

Viper Energy, Inc.

2.64%

Permian Resources Corp.

2.60%

Phillips 66

2.59%

Frequently asked questions about NBET and XOP

How have the NBET and XOP ETFs performed in 2026?

As of July 24, 2026, NBET is up 27.31% year-to-date (YTD), while XOP has returned 39.08%. 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 +$12M in flows, compared to +$1.08B for XOP.

Which ETF is more volatile: NBET or XOP?

Over the past year, NBET had a volatility of 14.65%, while XOP experienced 28.3%.

Which ETF is bigger: NBET or XOP?

As of July 24, 2026, NBET holds $48.22 M in assets under management (AUM), while XOP manages $3.64 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 Resources Corp., Enterprise Products Partners LP and Energy Transfer LP. XOP holds in its top three: Texas Pacific Land Corp., PBF Energy, Inc. and Delek US Holdings, Inc..

Which ETF is more diversified: NBET or XOP?

NBET holds 31 securities with 73.35% of its assets in the top 15. XOP has 50 securities and a top 15 weight of 41.87%.

ETF Comparison: State Street Energy Select Sector SPDR ETF (XLE) Versus State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP)

January 27, 2026

XOP

NBETvsXOPETF Comparison

Neuberger Berman Carbon Transition & Infrastructure ETF

State Street SPDR S&P Oil & Gas Exploration & Production ETF

NBET vs XOP performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the NBET and XOP ETFs performed in 2026?

As of July 24, 2026, NBET is up 27.31% year-to-date (YTD), while XOP has returned 39.08%. 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 +$12M in flows, compared to +$1.08B for XOP.

Which ETF is more volatile: NBET or XOP?

Over the past year, NBET had a volatility of 14.65%, while XOP experienced 28.3%.

Which ETF is bigger: NBET or XOP?

As of July 24, 2026, NBET holds $48.22 M in assets under management (AUM), while XOP manages $3.64 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 Resources Corp., Enterprise Products Partners LP and Energy Transfer LP. XOP holds in its top three: Texas Pacific Land Corp., PBF Energy, Inc. and Delek US Holdings, Inc..

Which ETF is more diversified: NBET or XOP?

NBET holds 31 securities with 73.35% of its assets in the top 15. XOP has 50 securities and a top 15 weight of 41.87%.

ETF Comparison: State Street Energy Select Sector SPDR ETF (XLE) Versus State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP)

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