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NBCM vs HARD

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

NBCM

Neuberger Commodity Strategy ETF

Neuberger Berman

Annual cost

0.65%

Fund size

$424M

HARD

Simplify Commodities Strategy No K-1 ETF

Simplify Asset Management

Annual cost

0.78%

Fund size

$118M

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.
  • NBCM is classified as alternative, while HARD is commodity — 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

NBCMHARD
Annual cost (TER)0.65%0.78%
Fund size (AUM)$424M$118M
Since20122023
Dividend yield6.44%3.05%
Asset classalternativecommodity
Region
Strategymulti strategy
CAGR 1Y+41.8%+21.6%
CAGR 3Y+17.8%+12.2%
CAGR 5YN/AN/A
Sharpe 3Y0.950.51
Volatility 1Y17.50%26.36%
Max drawdown-12.85%-13.51%

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

Similar to NBCM and HARD