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NBCM vs ISMF

Neuberger Commodity Strategy ETF vs iShares Managed Futures Active ETF

NBCM

Neuberger Commodity Strategy ETF

Neuberger Berman

Annual cost

0.65%

Fund size

$424M

ISMF

iShares Managed Futures Active ETF

BlackRock

Annual cost

0.80%

Fund size

$57M

Key differences

  • NBCM costs 0.15% less per year.
  • NBCM is significantly larger than ISMF — larger funds tend to be more liquid and less likely to close.
  • NBCM follows a multi strategy strategy; ISMF uses managed futures.
  • NBCM has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

NBCMISMF
Annual cost (TER)0.65%0.80%
Fund size (AUM)$424M$57M
Since20122025
Dividend yield6.44%2.50%
Asset classalternativealternative
Regionglobal
Strategymulti strategymanaged futures
CAGR 1Y+41.8%+22.1%
CAGR 3Y+17.8%N/A
CAGR 5YN/AN/A
Sharpe 3Y0.95N/A
Volatility 1Y17.50%7.87%
Max drawdown-12.85%-4.23%

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

Similar to NBCM and ISMF