NBETvsXOPETF Comparison
ETF 1
NBET
Neuberger Berman Carbon Transition & Infrastructure ETF
This fund is part of
Multiple Trends
+0.47%
VS
ETF 2
XOP
State Street SPDR S&P Oil & Gas Exploration & Production ETF
This fund is part of
US Energy
+0.01%
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, NBET is more expensive with a Total Expense Ratio (TER) of 2.56%, versus 0.35% for XOP. NBET is up 26.83% year-to-date (YTD) with +$8M in YTD flows. XOP performs better with 43.53% YTD performance, and +$918M 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
Historic performance and flows
Data as of 05/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NBET XOP | +2.27%+0.82% | +18.36%+28.12% | +26.83%+43.53% | +38.27%+63.66% | +84.34%+61.19% | n/a+138.57% |
| Flows | NBET XOP | +$2M+$55M | +$6M+$748M | +$8M+$918M | +$15M+$602M | +$4M-$921M | --$3.34B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NBET XOP | +15.62%+31.38% | +14.37%+27.15% | +17.36%+27.81% | n/a+34.40% |
| Max drawdown | NBET XOP | -6.91%-15.14% | -6.91%-15.14% | -18.70%-34.97% | n/a-34.97% |
| Max drawdown duration | NBET XOP | 31d37d | 31d37d | 226d690d | n/a690d |
Trading data
NBET | XOP | |
Last sale 5/5/2026 at 1:30 PM | $41.53 | $180.59 |
| Previous close 05/05/2026 | $41.55 | $181.01 |
| Consolidated volume 05/05/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
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NBET
is actively managed and doesn’t replicate an indexNBET | 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 5/5/2026 at 1:30 PM
Live
Closed
NBET | XOP | |
|---|---|---|
| Last price | $41.53 | $180.59 |
| 1D performance | -0.04% | -0.23% |
| AuM | $44.29 M | $3.61 B |
| E/R | 2.56% | 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 | 25 | 44 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 6, 2022 | June 19, 2006 |
| ESG | Yes | No |
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Exposure
Countries
NBET
USA
72.68%
Other
27.32%
XOP
USA
99.74%
Other
0.26%
Sectors
NBET
Energy
64.83%
Utilities
8.6%
Other
26.56%
XOP
Energy
88.25%
Other
11.75%
Diversification
NBET
Total weight of top 15 holdings out of 15
61.35%
XOP
Total weight of top 15 holdings out of 15
40.53%
Top 15 holdings
Data as of March 31, 2026
NBET
TARGA RESOURCS
8.86%
CHENIERE ENERGY
6.27%
DT MIDSTREAM INC
5.57%
WILLIAMS
5.21%
ANTERO MIDSTREAM CORPORATION
3.99%
CLEARWAY ENERGY INC
3.97%
ANTERO RESOURCES
3.94%
OCCIDENTAL U
3.35%
CHEVRON TEXACO
3.24%
EXXON
3.24%
SEMPRA ENERGY
3.09%
PLAINS GP HOLDINGS
2.85%
KINETIK HOLDINGS INC
2.70%
CALIFORNIA RESOURCES
2.56%
EQT
2.52%
XOP
APA CORPORATION
3.00%
US92333F1012
2.95%
SM ENERGY
2.84%
MURPHY OIL
2.83%
OCCIDENTAL U
2.73%
CHORD ENERGY CORPORATION
2.66%
PBF ENERGY INC (ORDINARY)
2.65%
CONOCOPHILLIPS
2.63%
MATADOR RESOURCES
2.62%
COTERRA ENERGY
2.62%
DIAMONDBACK ENERGY
2.61%
EXXON
2.61%
CRESCENT ENERGY COMPANY
2.60%
DEVON ENERGY
2.59%
HF SINCLAIR CORPORATION
2.58%
Frequently asked questions about NBET and XOP
How have the NBET and XOP ETFs performed in 2026?
As of May 1, 2026, NBET is up 26.83% year-to-date (YTD), while XOP has returned 43.53%. 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 +$8M in flows, compared to +$918M for XOP.
Which ETF is more volatile: NBET or XOP?
Over the past year, NBET had a volatility of 14.37%, while XOP experienced 27.15%.
Which ETF is bigger: NBET or XOP?
As of May 1, 2026, NBET holds $44.29 M in assets under management (AUM), while XOP manages $3.61 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, CHENIERE ENERGY and DT MIDSTREAM INC. XOP holds in its top three: APA CORPORATION, US92333F1012 and SM ENERGY.
Which ETF is more diversified: NBET or XOP?
NBET holds 26 securities with 61.35% of its assets in the top 15. XOP has 50 securities and a top 15 weight of 40.53%.
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