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Data as of Nov 4, 2026.

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Thematic ETFs

NBET vs NVIR: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, NBET returned +30.3% to NVIR's +21.7%; 16% of their weight is in the same names.

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Net assets: $47m on Jul 31, 2026 for Neuberger Energy Transition & Infrastructure ETF, and $5.8m on Jun 30, 2026 for Horizon Kinetics Energy and Remediation ETF.

NBET on its own →NVIR on its own →
At a glance
34.0%
NBET in the S&P 500
41.7%
NVIR in the S&P 500
+30.3%
NBET total return, 1 year
+21.7%
NVIR total return, 1 year
NBET · 1 year to Nov 4, 2026 66% of its weight is outside the S&P 500
66% of its weight is outside the S&P 50034% of NBET's weight is in S&P 500 companies and 66% is outside the index. Holdings as of Jul 31, 2026.34%66%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 99% · top ten 59% of the fund · 30 holdings as filed for Jul 31, 2026 · Nasdaq-100: 0% in66% of its weight is outside the S&P 50034% of NBET's weight is in S&P 500 companies and 66% is outside the index. Holdings as of Jul 31, 2026.34%66%inoutside the S&P 500active share 99% · Nasdaq-100: 0% in

34% of NBET's weight is in S&P 500 companies and 66% is outside the index. Holdings as of Jul 31, 2026.

NVIR · 1 year to Nov 4, 2026 58% of its weight is outside the S&P 500
58% of its weight is outside the S&P 50042% of NVIR's weight is in S&P 500 companies and 58% is outside the index. Holdings as of Jun 30, 2026.42%58%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 46% of the fund · 39 holdings as filed for Jun 30, 2026 · Nasdaq-100: 4% in58% of its weight is outside the S&P 50042% of NVIR's weight is in S&P 500 companies and 58% is outside the index. Holdings as of Jun 30, 2026.42%58%in the S&P 500outside the S&P 500active share 98% · Nasdaq-100: 4% in

42% of NVIR's weight is in S&P 500 companies and 58% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

NBET costs 0.20 points a year less; their one-year returns differ by 8.6 points.

NBET vs NVIR: Holdings Overlap & Returns
MeasureNBETNVIR
Return
Total return, 1 year+30.3%+21.7%
Drawdown
Below its all-time high7.4%, high on Oct 30, 20266.8%, high on Oct 30, 2026
Benchmark
What it tracksEnergy transition and decarbonisationEnergy transition and decarbonisation
Cost and size
Expense ratio0.65%0.85%
Net assets, NBET as of Jul 31, 2026 and NVIR as of Jun 30, 2026$47m$5.8m
Holdings
Holdings in common16%

Method

What they share

16%

By the books each fund has filed, NBET and NVIR hold 16% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

0 half 100%

half

16% in common

Positions both hold · largest shared weight first NBET NVIR
Williams Cos Inc 5.23% 5.60%
Cheniere Energy Inc 5.94% 3.87%
ConocoPhillips 4.44% 2.36%
Occidental Petroleum Corp 3.00% 1.91%
EQT Corp 1.47% 4.06%
Expand Energy Corp 0.87% 2.68%
Only in one fund ↓
Only in NBET
Targa Resources Corp 9.07%
Energy Transfer LP 7.80%
Enterprise Products Partners LP 7.70%
DT Midstream Inc 5.83%
Chevron Corp 4.49%
Western Midstream Partners LP 4.43%
Antero Midstream Corp 3.93%
Sunococorp LLC 3.77%
Only in NVIR
Texas Pacific Land Corp 6.22%
CES Energy Solutions Corp 5.94%
WaterBridge Infrastructure LLC 5.29%
Enerflex Ltd 4.20%
Permian Basin Royalty Trust 4.00%
Suncor Energy Inc 3.83%
Select Water Solutions Inc 3.43%
PrairieSky Royalty Ltd 3.21%
Check overlap with more funds →

Window by window

Window by window: NBET vs NVIR: Holdings Overlap & Returns
Total return
WindowNBETNVIR
3 months+3.1%−1.9%
6 months+1.3%−2.6%
1 year+30.3%+21.7%
3 years+94.4%+49.0%
Since launchNot the same days: NBET Apr 2022 · NVIR Feb 2023+75.0%+62.6%

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Side by side

NBET Neuberger Energy Transition & Infrastructure ETF · Holds 30 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 34.0% 41.7%
Active share vs the S&P 500 98.7% 98.0%
In the Nasdaq-100 0.0% 4.2%
Holdings 30 39
Top ten, share of the fund 58.9% 46.4%
Expense ratio 0.65% 0.85%
Fee for the differing part 0.66% 0.87%
Total return, 1 year +30.3% +21.7%
vs its benchmark not measured not measured
Below its high −7.4% −6.8%
Net assets, NBET as of Jul 31, 2026 and NVIR as of Jun 30, 2026 $47m $5.8m

As of Nov 4, 2026. Source: ETFIQ.

16% of the two portfolios are the same securities at the same weight.

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About each fund
NBET

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 99%. The top ten holdings are 59% of the fund across 30 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +30.3% with distributions reinvested. It sits 7.4% below its all-time high of Oct 30, 2026.

NVIR

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 46% of the fund across 39 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned +21.7% with distributions reinvested. It sits 6.8% below its all-time high of Oct 30, 2026.

Questions people ask

Do NBET and NVIR hold the same stocks?
By their latest filings, 16% of their books are the same securities at the same weight. 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 NBET 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
NBET vs ETECNBET vs ETHONBET vs PWERNBET vs PCLNNVIR vs ETECNVIR vs PCLNNVIR vs PWERNVIR vs ETHO
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →NBET on its own →NVIR on its own →NBET dividend history →NBET holdings →NVIR dividend history →NVIR holdings →Method →Standards and sources →
Sources and dates
NBET filings on SEC EDGAR ↗
NBET prospectus with the expense ratio (SEC) ↗
Neuberger Berman website ↗
NVIR filings on SEC EDGAR ↗
NVIR prospectus with the expense ratio (SEC) ↗
Horizon Kinetics website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, NBET against NVIR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/nbet-vs-nvir

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