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HARD vs NBCM

Simplify Commodities Strategy No K-1 ETF vs Neuberger Commodity Strategy ETF

HARD

Simplify Commodities Strategy No K-1 ETF

Simplify Asset Management

Annual cost

0.78%

Fund size

$118M

NBCM

Neuberger Commodity Strategy ETF

Neuberger Berman

Annual cost

0.65%

Fund size

$424M

Key differences

  • NBCM costs 0.13% less per year.
  • NBCM is significantly larger than HARD — larger funds tend to be more liquid and less likely to close.
  • HARD is classified as commodity, while NBCM is alternative — different risk/return profiles.
  • Over the last 3 years, NBCM has delivered higher annualized returns.
  • NBCM has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

HARDNBCM
Annual cost (TER)0.78%0.65%
Fund size (AUM)$118M$424M
Since20232012
Dividend yield3.05%6.44%
Asset classcommodityalternative
Region
Strategymulti strategy
CAGR 1Y+21.6%+41.8%
CAGR 3Y+12.2%+17.8%
CAGR 5YN/AN/A
Sharpe 3Y0.510.95
Volatility 1Y26.36%17.50%
Max drawdown-13.51%-12.85%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to HARD and NBCM