Data as of Nov 4, 2026.
NBET vs USNZ: Holdings Overlap & Returns
Over the year to Nov 4, 2026, NBET returned +30.3% to USNZ's +14.0%; 0% 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 $291m on Nov 2, 2026 for Xtrackers Net Zero Pathway Paris Aligned US Equity ETF.
34% of NBET's weight is in S&P 500 companies and 66% is outside the index. Holdings as of Jul 31, 2026.
98% of USNZ's weight is in S&P 500 companies and 2% is outside the index. Holdings as of Aug 31, 2026.
Pair scorecard
USNZ costs 0.55 points a year less; their one-year returns differ by 16.3 points.
Points (pts) are percentage points.
| Measure | NBET | USNZ |
|---|---|---|
| Return | ||
| Total return, 1 year | +30.3% | +14.0% |
| Drawdown | ||
| Below its all-time high | 7.4%, high on Oct 30, 2026 | |
| Against its benchmark | ||
| What it tracks | Energy transition and decarbonisation | Energy transition and decarbonisation |
| Against the S&P 500, 1 year | behind by 0.8 pts | |
| Its benchmark, total return, 1 year | +14.8% | |
| Against its benchmark, 1 year | behind by 0.8 pts | |
| Cost and size | ||
| Expense ratio | 0.65% | 0.10% |
| Net assets, NBET as of Jul 31, 2026 and USNZ as of Nov 2, 2026 | $47m | $291m |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 59% | 44% |
What they share
By the books each fund has filed, NBET and USNZ hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | NBET | USNZ | NBET | USNZ |
| 3 months | +3.1% | −0.4% | not measured | −0.3 pts vs VOO |
| 6 months | +1.3% | +5.4% | not measured | +0.4 pts vs VOO |
| 1 year | +30.3% | +14.0% | not measured | −0.8 pts vs VOO |
| 3 years | +94.4% | +79.9% | not measured | −3.4 pts vs VOO |
| Since launchNot the same days: NBET Apr 2022 · USNZ Jun 2022 | +75.0% | +108.7% | not measured | −5.2 pts vs VOO |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
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.
USNZ
By weight, 98% of USNZ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 24%. The top ten holdings are 44% of the fund across 297 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +14.0% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 0.8 pts.
Questions people ask
- Do NBET and USNZ hold the same stocks?
- By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
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 USNZ, data as of Nov 4, 2026. https://etfiq.com/compare/themes/nbet-vs-usnz
ETFIQ. (Nov 4, 2026). NBET against USNZ. Retrieved from https://etfiq.com/compare/themes/nbet-vs-usnz
[NBET against USNZ (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/nbet-vs-usnz)
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