NBTRvsTMBETF Comparison
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Neuberger Berman Total Return Bond ETF (NBTR) belongs to the US Aggregate Bonds segment. Thornburg Multi Sector Bond ETF (TMB) is part of the Intl Aggregate Bonds segment. NBTR's top 3 sector exposures are Sovereign, Industrials and Finance. In contrast, TMB's top sector exposures are Sovereign, Finance and Industrials. NBTR is more expensive with a Total Expense Ratio (TER) of 0.94%, versus 0.55% for TMB. NBTR is down -0.27% year-to-date (YTD) with +$2M in YTD flows. TMB performs better with 0.68% YTD performance, and +$187M in YTD flows. Run a side-by-side ETF comparison of NBTR and TMB 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 TMB 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 TMB | -0.04%+0.08% | -0.92%-0.13% | -0.27%+0.68% | +2.25%+2.82% | n/an/a | n/an/a |
| Flows | NBTR TMB | +$1M+$24M | +$1M+$77M | +$2M+$187M | +$5M+$189M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NBTR TMB | +3.58%+2.59% | +3.33%+2.47% | n/an/a | n/an/a |
| Max drawdown | NBTR TMB | -1.75%-0.97% | -2.48%-1.82% | n/an/a | n/an/a |
| Max drawdown duration | NBTR TMB | 65d65d | 185d185d | n/an/a | n/an/a |
Trading data
NBTR | TMB | |
Last sale 9/3/2026 at 1:46 PM | $48.91 | $25.12 |
| Previous close 09/02/2026 | $48.91 | $25.11 |
| 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 | TMB | |
|---|---|---|
| Last price | $48.91 | $25.12 |
| 1D performance | +0.00% | +0.04% |
| AuM | $54.96 M | $259.10 M |
| E/R | 0.94% | 0.55% |
Characteristics
NBTR | TMB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Neuberger Berman | Thornburg |
| Benchmark | - | - |
| N° of holdings | 292 | 369 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 17, 2024 | February 5, 2025 |
| ESG | No | No |
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Exposure
Countries
NBTR
USA
62.82%
Other
37.18%
TMB
USA
60.67%
Other
39.33%
Sectors
NBTR
Sovereign
24.99%
Industrials
12.54%
Finance
11.73%
Other
50.74%
TMB
Sovereign
20.69%
Finance
12.73%
Industrials
8.03%
Other
58.56%
Diversification
NBTR
Total weight of top 15 holdings out of 15
21.49%
TMB
Total weight of top 15 holdings out of 15
24.04%
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%
TMB
USA, Notes 4% 15nov2035, USD (F-2035)
9.88%
USA, Notes 4.25% 30jun2033, USD (M-2033)
3.84%
USA, Bonds 3% 15nov2044, USD
1.48%
USA, Notes 3.75% 31aug2031, USD (P-2031)
1.48%
FN MA5497, 5.5% 1oct2054, USD (ABS)
1.04%
US31418D3H34
1.01%
US912803HV84
0.80%
USA, Notes 4.375% 15may2036, USD (C-2036)
0.77%
FR SD8178, 2.5% 1nov2051, USD (ABS)
0.72%
USA, TIPS 0.125% 15feb2051, USD
0.64%
USA, STRIPS 0% 15may2042, USD (10957D)
0.56%
Thornburg Capital Management Fund
0.53%
US3140XRWW19
0.45%
US142921AG08
0.43%
US3136BX3N21
0.42%
Frequently asked questions about NBTR and TMB
How have the NBTR and TMB ETFs performed in 2026?
As of September 2, 2026, NBTR is down -0.27% year-to-date (YTD), while TMB has returned 0.68%. That puts TMB better performer ahead so far this year.
Which ETF is attracting more investor money: NBTR or TMB?
Year-to-date, the NBTR ETF saw +$2M in flows, compared to +$187M for TMB.
Which ETF is more volatile: NBTR or TMB?
Over the past year, NBTR had a volatility of 3.33%, while TMB experienced 2.47%.
Which ETF is bigger: NBTR or TMB?
As of September 2, 2026, NBTR holds $54.96 M in assets under management (AUM), while TMB manages $259.10 M.
What sectors do the NBTR and TMB ETFs invest in?
NBTR leans toward sectors like Sovereign, Industrials and Finance. Meanwhile, TMB focuses on Sovereign, Finance and Industrials.
What are the top holdings of the NBTR ETF and TMB 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). TMB holds in its top three: USA, Notes 4% 15nov2035, USD (F-2035), USA, Notes 4.25% 30jun2033, USD (M-2033) and USA, Bonds 3% 15nov2044, USD.
Which ETF is more diversified: NBTR or TMB?
NBTR holds 440 securities with 21.49% of its assets in the top 15. TMB has 604 securities and a top 15 weight of 24.04%.
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