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Launched · SEC filings

Neuberger Berman Disrupters ETF

NBDSNYSE ArcaNeuberger BermanC

$37.62−0.99 (−2.57%)

As of Nov 2, 2026, 3:59 PM ET

C50/ 100

Rank 14 of 30 in Disruptive Innovation

C50/100Rank 14 of 30inDisruptive Innovation
Intraday session: down, 78 prints from 38.61 to 37.62. Range 37.59 to 39.04. Use the arrow keys to read each point.38.0038.2539.0010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$179M
1Y total return
+0.6%
Yield · Last 12 months
No data
Holdings
30
Avg volume · 30D
21.6K sh
52W range
low $29.42high $42.86
Launched
Filings
SEC EDGAR

The ETF.net NBDS Grade

Based on 5 of 6 pillars

C

Score 50 out of 100

Category
Disruptive Innovation⁠
Rank
14 of 30
Six-pillar profile for NBDS. Scores out of 100: Cost 53, Risk 36, Mission not scored, Tradability 68, Holdings 41, Durability 45. Strongest: Tradability (68). Weakest: Risk (36). Based on 5 of 6 pillars.

Score 50 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C53 out of 100
    Rank 12 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D36 out of 100
    Rank 22 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B68 out of 100
    Rank 7 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C41 out of 100
    Rank 21 of 30

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C45 out of 100
    Rank 19 of 30

Our read on NBDS

ETF.net Research

In short

CMost disruption funds hand the job to a rulebook. NBDS hands it to Neuberger Berman's analysts: roughly 30 hand-picked companies whose technologies or services may reshape their markets, priced at the category's going rate.

Stated mandate

The Fund targets companies offering differentiated solutions, technologies, or services that may create or reshape markets, using internal research and analysis to identify such businesses.

Why people hold it

  • Human stock-picking, not a screen. Managers use internal research to hunt companies with differentiated solutions, technologies or services that may create or reshape markets.
  • Concentrated by design: about 30 names, so a winner actually moves the needle instead of getting diluted inside a sprawling innovation basket.
  • Active management at index-fund pricing for this corner: the 0.65% expense ratio sits right at the median for disruptive-innovation ETFs.
  • Holds up well against a crowded field, landing in the upper half of its disruptive-innovation peer group on our overall read.

Worth knowing

  • Thinly traded. Shares change hands lightly, which can mean wider gaps between buy and sell prices than the big names in the theme.
  • Cheaper index routes to similar ground exist, including KOMP at 0.20% and XT at 0.46%.
  • A 30-stock portfolio of high-growth disruptors concentrates risk, and the fund only launched in 2022, so the track record is short.

NBDS Performance

Launched Apr 6, 2022

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
NBDS$10,058
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. NBDS $10,058. SPY $11,199. Use the arrow keys to read each point.$8,000$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for NBDS. Periods over one year show the average yearly return.
PeriodNBDS
Year to date+8.9%
1 month−5.5%
3 months−0.5%
1 year+0.6%
3 yearsper year+22.6%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for NBDS
YearReturn barNBDS
2026 YTD+8.9%
2025+19.6%
2024+18.0%
2023+38.6%
2022−24.7%

History from Apr 7, 2022

NBDS in the news

NBDS Dividends

Last payment
$0.13 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 19, 2025 $0.13. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 19, 2025Dec 24, 2025$0.13

$10,000 in NBDS 3 years ago paid $61.89 in dividends.

NBDS Risk

Risk pillarD36 out of 100Rank 22 of 30 in Disruptive Innovation
How much the fund’s monthly returns vary, scaled to a year.
23.6%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.80
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−29.8%
54 months · trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.52
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

NBDS Cost

Compare NBDS and KOMP

Overpaying vs KOMP, cheapest in Disruptive Innovation

$8,562

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • NBDS 0.65%

    $12,717

  • KOMP 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • NBDS 0.65%
  • KOMP 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530NBDS $12,717KOMP $4,155

Year by year

YearNBDSKOMPOverpaying
10$1,163$365$798
20$4,440$1,421$3,019
30$12,717$4,155$8,562

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