NBCE vs QQQ
Neuberger Berman China Equity ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. NBCE delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | NBCE | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.18% | |
| AUM | $17M | $455.8B | |
| Dividend Yield | 1.00% | 0.41% | |
| Holdings | 76 | 108 | |
| YTD Return | +18.84% | +18.31% | |
| 1Y Return | +44.84% | +25.37% | |
| 3Y Return (annualized) | - | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | 23.1% | 30.6% | |
| Max Drawdown | -28.4% | -83.0% | |
| Fund Family | Neuberger Berman | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 13, 2023 | Mar 10, 1999 |
NBCE vs QQQ Performance
Neuberger Berman China Equity ETF (NBCE) is a ETF from Neuberger Berman and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NBCE returned +44.84% while QQQ returned +25.37%. Year to date, NBCE is up 18.84% versus a gain of 18.31% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 23.1% for NBCE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -28.4% for NBCE and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NBCE charges 0.75% per year while QQQ charges 0.18%. On a $10,000 position that is $75 vs $18 annually, a gap of $57 per year that compounds over a long holding period. On income, NBCE currently yields 1.00% against 0.41% for QQQ.
Holdings Overlap
NBCE and QQQ share 0 holdings out of 173 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NBCE or QQQ?
NBCE has an expense ratio of 0.75% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, NBCE or QQQ?
Over the past year NBCE returned +44.84% vs +25.37% for QQQ, so NBCE leads on 1-year performance. Over the longest common window we track (3 years), NBCE annualized +20.67% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, NBCE or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 23.1% for NBCE. Worst drawdown: NBCE -28.4% vs QQQ -83.0%.
Should I hold both NBCE and QQQ?
NBCE and QQQ have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NBCE and QQQ?
NBCE and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 173 unique securities.
Which pays a higher dividend, NBCE or QQQ?
NBCE yields 1.00% while QQQ yields 0.41%, so NBCE currently pays the higher dividend yield.
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