NBSMvsFNXETF Comparison
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Neuberger Berman Small-Mid Cap ETF (NBSM) and First Trust Mid Cap Core AlphaDEX Fund ETF (FNX) belong to the same industry segment: US Multi-Factor. NBSM's top 3 sector exposures are Finance, Industrials and Healthcare. In contrast, FNX's top sector exposures are Finance, Industrials and Technology. NBSM is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.62% for FNX. NBSM is up 15.69% year-to-date (YTD) with -$110M in YTD flows. FNX performs worse with 13.01% YTD performance, and +$91M in YTD flows. Run a side-by-side ETF comparison of NBSM and FNX 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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NBSM vs FNX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NBSM FNX | +5.22%+4.79% | +0.77%-1.41% | +15.69%+13.01% | +16.91%+15.25% | n/a+70.38% | n/a+42.55% |
| Flows | NBSM FNX | +$708K+$49M | -$3M+$56M | -$110M+$91M | -$93M+$85M | --$70M | --$21M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NBSM FNX | +11.00%+11.55% | +13.94%+14.93% | n/a+18.47% | n/a+20.47% |
| Max drawdown | NBSM FNX | -7.55%-8.63% | -10.22%-9.22% | n/a-25.04% | n/a-25.04% |
| Max drawdown duration | NBSM FNX | 78d75d | 126d65d | n/a289d | n/a289d |
Trading data
NBSM | FNX | |
Last sale 11/2/2026 at 2:30 PM | $29.18 | $142.09 |
| Previous close 11/02/2026 | $28.73 | $141.21 |
| Consolidated volume 11/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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NBSM
is actively managed and doesn’t replicate an indexNBSM | FNX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/2/2026 at 2:30 PM
Live
Closed
NBSM | FNX | |
|---|---|---|
| Last price | $29.18 | $142.09 |
| 1D performance | +1.55% | +0.62% |
| AuM | $115.11 M | $1.41 B |
| E/R | 0.75% | 0.62% |
Characteristics
NBSM | FNX | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Neuberger Berman | First Trust |
| Benchmark | - | NASDAQ AlphaDEX Mid Cap Core Index |
| N° of holdings | 68 | 449 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 21, 2024 | May 8, 2007 |
| ESG | Yes | No |
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Exposure
Countries
NBSM
USA
91.96%
Other
8.04%
FNX
USA
97.57%
Other
2.43%
Sectors
NBSM
Finance
22.16%
Industrials
16.34%
Healthcare
13.06%
Technology
10.75%
Non-Energy Materi.
8.57%
Other
29.11%
FNX
Finance
25.37%
Industrials
13.37%
Technology
11.49%
Healthcare
11.4%
Consumer Cyclical.
9.07%
Energy
8.54%
Other
20.76%
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Diversification
NBSM
Total weight of top 15 holdings out of 15
31.64%
FNX
Total weight of top 15 holdings out of 15
7.4%
Top 15 holdings
Data as of September 30, 2026
NBSM
White Mountains Insurance Group Ltd.
2.68%
Revvity, Inc.
2.65%
Haemonetics Corp.
2.25%
Gates Industrial Corp. Ltd.
2.16%
Kirby Corp.
2.16%
MKS, Inc.
2.14%
UGI Corp.
2.10%
Hagerty, Inc.
2.04%
Ryan Specialty Holdings, Inc.
2.01%
Tidewater, Inc.
1.98%
Tyler Technologies, Inc.
1.95%
UMB Financial Corp.
1.93%
SPS Commerce, Inc.
1.90%
Community Financial System, Inc.
1.90%
Littelfuse, Inc.
1.81%
FNX
HF Sinclair Corp.
0.64%
EPAM Systems, Inc.
0.57%
SM Energy Co.
0.53%
APA Corp.
0.53%
Genpact Ltd.
0.50%
Okta, Inc.
0.49%
Gap, Inc.
0.48%
Permian Resources Corp.
0.47%
Universal Health Services, Inc.
0.47%
Amneal Pharmaceuticals, Inc.
0.46%
Matson, Inc.
0.46%
Guardant Health, Inc.
0.46%
Solventum Corp.
0.45%
Ovintiv, Inc.
0.45%
Urban Outfitters, Inc.
0.44%
Frequently asked questions about NBSM and FNX
How have the NBSM and FNX ETFs performed in 2026?
As of November 2, 2026, NBSM is up 15.69% year-to-date (YTD), while FNX has returned 13.01%. That puts NBSM better performer ahead so far this year.
Which ETF is attracting more investor money: NBSM or FNX?
Year-to-date, the NBSM ETF saw -$110M in flows, compared to +$91M for FNX.
Which ETF is more volatile: NBSM or FNX?
Over the past year, NBSM had a volatility of 13.94%, while FNX experienced 14.93%.
Which ETF is bigger: NBSM or FNX?
As of November 2, 2026, NBSM holds $115.11 M in assets under management (AUM), while FNX manages $1.41 B.
What sectors do the NBSM and FNX ETFs invest in?
NBSM leans toward sectors like Finance, Industrials and Healthcare. Meanwhile, FNX focuses on Finance, Industrials and Technology.
What are the top holdings of the NBSM ETF and FNX ETF?
NBSM top holdings include White Mountains Insurance Group Ltd., Revvity, Inc. and Haemonetics Corp.. FNX holds in its top three: HF Sinclair Corp., EPAM Systems, Inc. and SM Energy Co..
Which ETF is more diversified: NBSM or FNX?
NBSM holds 68 securities with 31.64% of its assets in the top 15. FNX has 449 securities and a top 15 weight of 7.4%.
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