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FTGC vs NBCM: how they differ

FTGC and NBCM hold 0% of their weight in the same names, and NBCM returned +43.3% over the year. First Trust Global Tactical Commodity Strategy Fund and Neuberger Commodity Strategy ETF.

NBCM costs 0.33 points a year less; their one-year returns differ by 1.2 points; FTGC is 8.0 times larger.

FTGCNBCM
Expense ratio0.98%0.65%
Net assets, FTGC as of Oct 8, 2026 and NBCM as of May 31, 2026$3.4bn$425m
Total return, 1 year+42.1%+43.3%
Holdings in common0%

Holdings in common uses holdings dated May 31, 2026 and Oct 8, 2026.

+42.1%
FTGC total return, 1 year
+43.3%
NBCM total return, 1 year
0.98%
FTGC expense ratio
0.65%
NBCM expense ratio

What they hold in common

By the books each fund has filed, FTGC and NBCM hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Oct 8, 2026.

half

0% in common

Positions both hold, largest shared weight first
Holding FTGC NBCM
Only in FTGC
GASOLINE RBOB FUT Dec26 7.38%
BRENT CRUDE FUTR Jan27 6.53%
GOLD 100 OZ FUTR Dec26 6.28%
WTI CRUDE FUTURE Dec26 5.63%
LME ZINC FUTURE Dec26 5.47%
NATURAL GAS FUTR Dec26 5.13%
Low Su Gasoil G Nov26 5.10%
COPPER FUTURE Dec26 5.05%
Only in NBCM
US BANK NA CINCINNATI 1.92%
MORGAN STANLEY BANK NA 1.68%
MERCK & CO INC 1.59%
JPMORGAN CHASE & CO 1.54%
BANK OF AMERICA CORP 1.40%
BANK OF NY MELLON CORP 1.37%
ENTERPRISE PRODUCTS OPER 1.22%
ABBOTT LABORATORIES 1.20%

On the same fields

FTGC
First Trust Global Tactical Commodity Strategy Fund
NBCM
Neuberger Commodity Strategy ETF
Where it sits Commodity ETF Commodity ETF
Issuer First Trust Neuberger Berman
What it is Actively managed Actively managed
Total return, 1 year +42.1% +43.3%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 +24.9 pts +26.1 pts
Expense ratio 0.98% 0.65%
Holdings 30 149
Net assets, FTGC as of Oct 8, 2026 and NBCM as of May 31, 2026 $3.4bn $425m

FTGC and NBCM on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

FTGC in plain words

FTGC is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +42.1% with distributions reinvested. The prospectus expense ratio is 0.98% a year.

NBCM in plain words

NBCM is actively managed and tracks no index. The prospectus expense ratio is 0.65% a year.

Over the year to Oct 9, 2026 it returned +43.3% with distributions reinvested, against +40.2% for its benchmark, the Bloomberg Commodity Index.

Questions people ask

Which returned more over the last year, FTGC or NBCM?
In the year to Oct 9, 2026, with distributions reinvested, FTGC returned +42.1% and NBCM +43.3%.
Which is cheaper, FTGC or NBCM?
NBCM is cheaper, by 0.33 percentage points a year. On $10,000 held for a year that difference is about $33. Fees come from each fund's prospectus.
Other comparisons
FTGC vs HGERBCD vs FTGCFTGC vs PITCMDY vs FTGCBCI vs NBCMHGER vs NBCMNBCM vs PDBCCERY vs NBCM
FTGC on its own →NBCM on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
FTGC filings on SEC EDGAR ↗FTGC prospectus with the expense ratio (SEC) ↗First Trust page for FTGC ↗NBCM filings on SEC EDGAR ↗NBCM prospectus with the expense ratio (SEC) ↗Neuberger Berman website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

Cite this page

ETFIQ, FTGC against NBCM, data as of Oct 9, 2026. https://etfiq.com/compare/any/ftgc-vs-nbcm

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.