NBDS vs PBDC
Neuberger Berman Disrupters ETF vs Putnam BDC Income ETF
Which is better, NBDS or PBDC?
NBDS has been ahead.
NBDS has a lower expense ratio. NBDS led over 1Y, 3Y and the full window. NBDS is less concentrated, with 46.6% of the fund in its ten largest positions against 69.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NBDS | PBDC |
|---|---|---|
| Expense Ratio | 0.40%Best | 11.77% |
| AUM | $183M | $269M |
| Dividend Yield | 0.33% | 11.33% |
| Holdings | 32 | 28 |
| YTD Return | +11.35%Best | -13.78% |
| 1Y Return | +9.23%Best | -10.37% |
| 3Y Return (annualized) | +21.50%Best | +2.54% |
| Volatility (annualized) | 22.1% | 15.2%Best |
| Max Drawdown | -28.5% | -20.5%Best |
| $10,000 over 4 years | $22,511Best | $14,662 |
| Top 10 Weight | 46.6%Best | 69.8% |
| Fund Family | Neuberger Berman | Putnam Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 6, 2022 | Sep 29, 2022 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Sep 30, 2022 to Oct 14, 2026 (4 years).
NBDS vs PBDC growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4 years both funds cover.
NBDS vs PBDC Performance
Neuberger Berman Disrupters ETF (NBDS) is an ETF from Neuberger Berman and Putnam BDC Income ETF (PBDC) is an ETF from Putnam Investments. Over the past year NBDS returned +9.23% while PBDC returned -10.37%. Year to date, NBDS is up 11.35% versus a loss of 13.78% for PBDC.
Over three years, NBDS compounded at +21.50% per year against +2.54% for PBDC. Across the full 4-year window we track, NBDS has the edge at +22.49% annualized vs +10.04%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NBDS has been the more volatile fund, with annualized monthly volatility of 22.1% compared with 15.2% for PBDC. 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 -28.5% for NBDS and -20.5% for PBDC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.38. They move together some of the time, and apart the rest.
Fees and Cost Over Time
NBDS charges 0.40% per year while PBDC charges 11.77%. On a $10,000 position that is $40 vs $1177 annually, a gap of $1137 per year that compounds over a long holding period. On income, NBDS currently yields 0.33% against 11.33% for PBDC.
Holdings Overlap
We hold position weights for 32 holdings in NBDS and 27 in PBDC, totalling 97.3% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 32 positions we hold weights for in NBDS and 27 in PBDC, against full books of 32 and 28.
What only one of them owns
Measured across the 32 and 27 positions we hold weights for.
NBDS holds 28 positions PBDC does not, 83.6% of the fund.
Largest: NVDA 7.46%, AMD 5.41%, SNOW 4.80%, PTGX 4.53%, CEG 4.05%
You are not choosing between two funds in isolation.
Whichever of NBDS and PBDC you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NBDS or PBDC?
NBDS has an expense ratio of 0.40% while PBDC charges 11.77%. NBDS is the cheaper option, by $1137 a year on a $10,000 investment.
Which performed better, NBDS or PBDC?
Over the past year NBDS returned +9.23% vs -10.37% for PBDC, so NBDS leads on 1-year performance. Over the longest common window we track (4 years), NBDS annualized +22.49% vs +10.04% for PBDC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NBDS or PBDC?
NBDS has been the more volatile fund at 22.1% annualized versus 15.2% for PBDC. Worst drawdown: NBDS -28.5% vs PBDC -20.5%.
Should I hold both NBDS and PBDC?
NBDS and PBDC have a monthly-return correlation of 0.38, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, NBDS or PBDC?
NBDS yields 0.33% while PBDC yields 11.33%, so PBDC currently pays the higher dividend yield.
Is PBDC better than NBDS?
NBDS has a lower expense ratio. NBDS led over 1Y, 3Y and the full window. NBDS is less concentrated, with 46.6% of the fund in its ten largest positions against 69.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.