NBCE vs SCHD
Neuberger Berman China Equity ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. NBCE delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | NBCE | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.06% | |
| AUM | $17M | $103.7B | |
| Dividend Yield | 1.00% | 3.31% | |
| Holdings | 76 | 104 | |
| YTD Return | +18.69% | +25.33% | |
| 1Y Return | +45.84% | +32.31% | |
| 3Y Return (annualized) | - | +15.40% | |
| 5Y Return (annualized) | - | +9.70% | |
| Volatility (annualized) | 23.1% | 13.6% | |
| Max Drawdown | -28.4% | -33.4% | |
| Fund Family | Neuberger Berman | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Oct 13, 2023 | Oct 20, 2011 |
NBCE vs SCHD Performance
Neuberger Berman China Equity ETF (NBCE) is a ETF from Neuberger Berman and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year NBCE returned +45.84% while SCHD returned +32.31%. Year to date, NBCE is up 18.69% versus a gain of 25.33% for SCHD.
Risk: Volatility and Drawdowns
NBCE has been the more volatile fund, with annualized monthly volatility of 23.1% compared with 13.6% for SCHD. 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 -33.4% for SCHD. 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 0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NBCE charges 0.75% per year while SCHD charges 0.06%. On a $10,000 position that is $75 vs $6 annually, a gap of $69 per year that compounds over a long holding period. On income, NBCE currently yields 1.00% against 3.31% for SCHD.
Holdings Overlap
NBCE and SCHD share 1 holdings out of 169 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in NBCE | Weight in SCHD | Difference |
|---|---|---|---|
| GVMXX | 4.26% | 0.04% | 4.22% |
Frequently Asked Questions
Which is cheaper, NBCE or SCHD?
NBCE has an expense ratio of 0.75% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $69 per year of difference.
Which performed better, NBCE or SCHD?
Over the past year NBCE returned +45.84% vs +32.31% for SCHD, so NBCE leads on 1-year performance. Over the longest common window we track (3 years), NBCE annualized +20.66% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, NBCE or SCHD?
NBCE has been the more volatile fund at 23.1% annualized versus 13.6% for SCHD. Worst drawdown: NBCE -28.4% vs SCHD -33.4%.
Should I hold both NBCE and SCHD?
NBCE and SCHD have a monthly-return correlation of 0.10, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NBCE and SCHD?
NBCE and SCHD share 1 common holdings with a 0.0% weight overlap. Combined, they hold 169 unique securities.
Which pays a higher dividend, NBCE or SCHD?
NBCE yields 1.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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