Data as of .
NBET vs NVIR: which is really different?
NBET and NVIR hold 20% of their weight in the same names, and NBET returned more over the year.
ETFIQ Off-Index Score: NVIR scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
20% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, NBET and NVIR hold 20% of their money in the same securities at the same weight.
| Holding | NBET | NVIR |
|---|---|---|
| Williams Cos Inc/The | 5.42% | 5.62% |
| Cheniere Energy Inc | 6.02% | 3.88% |
| Exxon Mobil Corp | 2.92% | 3.17% |
| EQT Corp | 2.36% | 4.08% |
| ConocoPhillips | 2.08% | 2.37% |
| Occidental Petroleum Corp | 3.09% | 1.92% |
| Expand Energy Corp | 0.91% | 2.69% |
| Only in NBET | Only in NVIR |
|---|---|
| Targa Resources Corp 9.11% | Texas Pacific Land Corp 6.25% |
| Enterprise Products Partners LP 7.61% | CES Energy Solutions Corp 5.97% |
| Energy Transfer LP 7.52% | WaterBridge Infrastructure LLC 5.32% |
| DT Midstream Inc 6.07% | Enerflex Ltd 4.22% |
| Clearway Energy Inc 4.04% | Permian Basin Royalty Trust 4.02% |
| Western Midstream Partners LP 4.02% | Suncor Energy Inc 3.85% |
| Antero Midstream Corp 3.79% | Select Water Solutions Inc 3.45% |
| Antero Resources Corp 3.61% | PrairieSky Royalty Ltd 3.22% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| NBET | NVIR | NBET | NVIR | NBET | NVIR | |
| 3 months | +7.7% | +5.4% | +5.4 pts | +3.2 pts | +10.1 pts | +7.9 pts |
| 6 months | +4.0% | −1.3% | −14.0 pts | −19.3 pts | −20.2 pts | −25.6 pts |
| 1 year | +29.2% | +25.8% | +12.7 pts | +9.2 pts | +7.5 pts | +4.0 pts |
| 3 years | +89.3% | +48.9% | +10.9 pts | −29.5 pts | −8.8 pts | −49.2 pts |
| Since launch | +79.2% | +66.7% | −1.1 pts | −33.7 pts | −29.9 pts | −83.5 pts |
| NBET Neuberger Energy Transition & Infrastructure ETF Holds 31 stocks in energy transition and decarbonisation, 34% of its weight in S&P 500 companies | NVIR Horizon Kinetics Energy and Remediation ETF Holds 39 stocks in energy transition and decarbonisation, 42% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Neuberger Berman | Horizon Kinetics |
| Theme | Energy transition and decarbonisation | Energy transition and decarbonisation |
| In the S&P 500 | 34.5% | 41.9% |
| Active share vs the S&P 500 | 97.8% | 98.0% |
| In the Nasdaq-100 | 0.0% | 4.2% |
| Holdings | 31 | 39 |
| Top ten, share of the fund | 57.2% | 46.7% |
| Expense ratio | 0.65% | 0.85% |
| Fee for the differing part | 0.66% | 0.87% |
| Total return, 1 year | +29.2% | +25.8% |
| vs the S&P 500 | +12.7 pts | +9.2 pts |
| vs the Nasdaq-100 | +7.5 pts | +4.0 pts |
| Below its high | −2.9% | −4.2% |
| Net assets | $45m | $6m |
NBET in plain words
By weight, 34% of NBET's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 57% of the fund across 31 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +29.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 12.7 pts.
NVIR in plain words
By weight, 42% of NVIR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 47% of the fund across 39 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +25.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 9.2 pts.
Questions people ask
- Do NBET and NVIR hold the same stocks?
- By their latest filings, 20% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, NBET or NVIR?
- NBET has 34% of its weight in S&P 500 names and NVIR has 42%, so NVIR differs more from the index.
- Which is cheaper, NBET or NVIR?
- NBET charges 0.65% a year and NVIR charges 0.85%, so NBET is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, NBET against NVIR, data as of Sep 18, 2026. https://etfiq.com/compare/themes/nbet-vs-nvir Free to use with attribution; the underlying files are at Open data.