NBTRvsPABETF Comparison
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Neuberger Berman Total Return Bond ETF (NBTR) belongs to the US Aggregate Bonds segment. PGIM Active Aggregate Bond ETF (PAB) is part of the Intl Aggregate Bonds segment. Both ETFs have the same top 3 sector exposures: Sovereign, Industrials and Finance. NBTR is more expensive with a Total Expense Ratio (TER) of 0.94%, versus 0.2% for PAB. NBTR is down -0.27% year-to-date (YTD) with +$2M in YTD flows. PAB performs worse with -0.46% YTD performance, and +$5M in YTD flows. Run a side-by-side ETF comparison of NBTR and PAB 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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NBTR vs PAB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NBTR PAB | -0.04%-0.11% | -0.92%-0.87% | -0.27%-0.46% | +2.25%+2.04% | n/a+14.35% | n/a-1.42% |
| Flows | NBTR PAB | +$1M+$28M | +$1M+$29M | +$2M+$5M | +$5M+$17M | -+$56M | -+$81M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NBTR PAB | +3.58%+4.01% | +3.33%+3.77% | n/a+5.13% | n/a+5.97% |
| Max drawdown | NBTR PAB | -1.75%-1.75% | -2.48%-2.92% | n/a-4.80% | n/a-19.13% |
| Max drawdown duration | NBTR PAB | 65d64d | 185d184d | n/a282d | n/a1612d |
Trading data
NBTR | PAB | |
Last sale 9/3/2026 at 1:46 PM | $48.91 | $41.47 |
| Previous close 09/02/2026 | $48.91 | $41.35 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/3/2026 at 1:46 PM
Live
Closed
NBTR | PAB | |
|---|---|---|
| Last price | $48.91 | $41.47 |
| 1D performance | +0.00% | +0.28% |
| AuM | $54.96 M | $98.11 M |
| E/R | 0.94% | 0.2% |
Characteristics
NBTR | PAB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Neuberger Berman | PGIM |
| Benchmark | - | - |
| N° of holdings | 292 | 601 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 17, 2024 | April 15, 2021 |
| ESG | No | No |
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Exposure
Countries
NBTR
USA
62.82%
Other
37.18%
PAB
USA
66.16%
Other
33.84%
Sectors
NBTR
Sovereign
24.99%
Industrials
12.54%
Finance
11.73%
Other
50.74%
PAB
Sovereign
31%
Industrials
13.65%
Finance
11.63%
Other
43.72%
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Diversification
NBTR
Total weight of top 15 holdings out of 15
21.49%
PAB
Total weight of top 15 holdings out of 15
23.2%
Top 15 holdings
Data as of July 31, 2026
NBTR
USA, Notes 4.375% 15may2036, USD (C-2036)
2.99%
USA, Notes 3.5% 31jan2028, USD (U-2028)
2.79%
USA, Notes 4.125% 31jul2028, USD (AB-2028)
1.95%
USA, Notes 4.25% 15may2035, USD (C-2035)
1.81%
USA, Notes 3.625% 31dec2030, USD (AH-2030)
1.72%
USA, Notes 3.875% 31mar2028, USD (AZ-2028)
1.53%
USA, Notes 4.25% 30jun2033, USD (M-2033)
1.19%
USA, Bonds 5% 15may2056, USD
1.10%
USA, Notes 4.625% 15feb2035, USD (B-2035)
1.05%
USA, Notes 2.875% 15may2028, USD (C-2028)
0.97%
US13877LAS51
0.93%
Aimco CLO 2017-AA, FRN 20jan2038, USD (ABS, AR2)
0.93%
USA, Notes 4.125% 30jun2031, USD (AA-2031)
0.85%
USA, Bonds 4% 15nov2052, USD
0.85%
US3132DWJR51
0.83%
PAB
USA, Notes 3.5% 31jan2028, USD (U-2028)
2.90%
USA, Notes 3.875% 31mar2028, USD (AZ-2028)
2.19%
USA, Bonds 3% 15feb2049, USD
1.82%
USA, Notes 3.5% 15jan2029, USD (AJ-2029)
1.79%
USA, Notes 1.25% 15aug2031, USD (E-2031)
1.66%
USA, Bonds 3.25% 15may2042, USD
1.49%
USA, Notes 3.375% 30nov2027, USD (BL-2027)
1.47%
USA, Bonds 4.75% 15nov2053, USD
1.34%
USA, Notes 4.5% 31dec2031, USD (T-2031)
1.28%
US3133KN4U46
1.27%
FR SD8246, 5% 1sep2052, USD (ABS)
1.25%
US36626TAA25
1.22%
USA, Notes 3.875% 31dec2032, USD (T-2032)
1.20%
USA, Notes 3.375% 29feb2028, USD (AY-2028)
1.19%
PGIM Core Government Money Market Fund
1.12%
Frequently asked questions about NBTR and PAB
How have the NBTR and PAB ETFs performed in 2026?
As of September 2, 2026, NBTR is down -0.27% year-to-date (YTD), while PAB has lost -0.46%. That puts NBTR better performer ahead so far this year.
Which ETF is attracting more investor money: NBTR or PAB?
Year-to-date, the NBTR ETF saw +$2M in flows, compared to +$5M for PAB.
Which ETF is more volatile: NBTR or PAB?
Over the past year, NBTR had a volatility of 3.33%, while PAB experienced 3.77%.
Which ETF is bigger: NBTR or PAB?
As of September 2, 2026, NBTR holds $54.96 M in assets under management (AUM), while PAB manages $98.11 M.
What sectors do the NBTR and PAB ETFs invest in?
NBTR leans toward sectors like Sovereign, Industrials and Finance. Meanwhile, PAB focuses on Sovereign, Industrials and Finance.
What are the top holdings of the NBTR ETF and PAB ETF?
NBTR top holdings include USA, Notes 4.375% 15may2036, USD (C-2036), USA, Notes 3.5% 31jan2028, USD (U-2028) and USA, Notes 4.125% 31jul2028, USD (AB-2028). PAB holds in its top three: USA, Notes 3.5% 31jan2028, USD (U-2028), USA, Notes 3.875% 31mar2028, USD (AZ-2028) and USA, Bonds 3% 15feb2049, USD.
Which ETF is more diversified: NBTR or PAB?
NBTR holds 440 securities with 21.49% of its assets in the top 15. PAB has 957 securities and a top 15 weight of 23.2%.
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