NBCM vs QQQ
Neuberger Berman Commodity Strategy ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. NBCM delivered stronger 1-year returns. NBCM offers more diversification with 155 holdings.
Side-by-Side Comparison
| Metric | NBCM | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.18% | |
| AUM | $480M | $496.3B | |
| Dividend Yield | 6.70% | 0.44% | |
| Holdings | 155 | 108 | |
| YTD Return | +35.25% | +16.64% | |
| 1Y Return | +47.82% | +27.27% | |
| 3Y Return (annualized) | +18.07% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 13.6% | 30.6% | |
| Max Drawdown | -14.8% | -83.0% | |
| Fund Family | Neuberger Berman | Invesco (US) | |
| Category | Commodity | Equity | |
| Inception | Oct 24, 2022 | Mar 10, 1999 |
NBCM vs QQQ Performance
Neuberger Berman Commodity Strategy ETF (NBCM) is a ETF from Neuberger Berman and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NBCM returned +47.82% while QQQ returned +27.27%. Year to date, NBCM is up 35.25% versus a gain of 16.64% for QQQ.
Over three years, NBCM compounded at +18.07% per year against +25.96% for QQQ. Across the full 4-year window we track, NBCM has the edge at +14.33% annualized vs +13.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 13.6% for NBCM. 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 -14.8% for NBCM 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 -0.08. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NBCM charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, NBCM currently yields 6.70% against 0.44% for QQQ.
Holdings Overlap
NBCM and QQQ share 0 holdings out of 177 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, NBCM or QQQ?
NBCM has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, NBCM or QQQ?
Over the past year NBCM returned +47.82% vs +27.27% for QQQ, so NBCM leads on 1-year performance. Over the longest common window we track (4 years), NBCM annualized +14.33% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, NBCM or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.6% for NBCM. Worst drawdown: NBCM -14.8% vs QQQ -83.0%.
Should I hold both NBCM and QQQ?
NBCM and QQQ have a monthly-return correlation of -0.08, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NBCM and QQQ?
NBCM and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 177 unique securities.
Which pays a higher dividend, NBCM or QQQ?
NBCM yields 6.70% while QQQ yields 0.44%, so NBCM currently pays the higher dividend yield.
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