NBDS vs SPY
Neuberger Berman Disrupters ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | NBDS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.09% | |
| AUM | $143M | $789.1B | |
| Dividend Yield | 0.32% | 1.01% | |
| Holdings | 33 | 505 | |
| YTD Return | +16.37% | +13.39% | |
| 1Y Return | +20.71% | +22.52% | |
| 3Y Return (annualized) | +21.96% | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 23.9% | 15.3% | |
| Max Drawdown | -29.8% | -56.5% | |
| Fund Family | Neuberger Berman | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 6, 2022 | Jan 22, 1993 |
NBDS vs SPY Performance
Neuberger Berman Disrupters ETF (NBDS) is a ETF from Neuberger Berman and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NBDS returned +20.71% while SPY returned +22.52%. Year to date, NBDS is up 16.37% versus a gain of 13.39% for SPY.
Over three years, NBDS compounded at +21.96% per year against +21.36% for SPY. Across the full 4-year window we track, NBDS has the edge at +13.26% annualized vs +8.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NBDS has been the more volatile fund, with annualized monthly volatility of 23.9% compared with 15.3% for SPY. 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 -29.8% for NBDS and -56.5% for SPY. 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NBDS charges 0.40% per year while SPY charges 0.09%. On a $10,000 position that is $40 vs $9 annually, a gap of $31 per year that compounds over a long holding period. On income, NBDS currently yields 0.32% against 1.01% for SPY.
Holdings Overlap
NBDS and SPY share 15 holdings out of 519 unique holdings combined, representing a 16.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NBDS or SPY?
NBDS has an expense ratio of 0.40% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, NBDS or SPY?
Over the past year NBDS returned +20.71% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), NBDS annualized +13.26% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, NBDS or SPY?
NBDS has been the more volatile fund at 23.9% annualized versus 15.3% for SPY. Worst drawdown: NBDS -29.8% vs SPY -56.5%.
Should I hold both NBDS and SPY?
NBDS and SPY have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NBDS and SPY?
NBDS and SPY share 15 common holdings with a 16.7% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, NBDS or SPY?
NBDS yields 0.32% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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