NBDS vs TILT
Neuberger Berman Disrupters ETF vs Northern Trust Morningstar US Market Factor Tilt ETF
Which is better, NBDS or TILT?
Each has led over a different period.
TILT has a lower expense ratio. NBDS led over 3Y, TILT over 1Y and the full window. TILT is less concentrated, with 27.1% of the fund in its ten largest positions against 46.6%.
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 | TILT |
|---|---|---|
| Expense Ratio | 0.40% | 0.25%Best |
| AUM | $183M | $2.2B |
| Dividend Yield | 0.33% | 1.08% |
| Holdings | 32 | 1,929 |
| YTD Return | +11.35% | +11.74%Best |
| 1Y Return | +9.23% | +15.61%Best |
| 3Y Return (annualized) | +21.50%Best | +20.41% |
| 5Y Return (annualized) | - | +11.12% |
| Volatility (annualized) | 23.4% | 15.9%Best |
| Max Drawdown | -29.8% | -19.9%Best |
| $10,000 over 4.5 years | $16,400 | $17,058Best |
| Top 10 Weight | 46.6% | 27.1%Best |
| Fund Family | Neuberger Berman | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 6, 2022 | Sep 16, 2011 |
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Apr 7, 2022 to Oct 14, 2026 (4.5 years).
NBDS vs TILT 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 4.5 years both funds cover.
NBDS vs TILT Performance
Neuberger Berman Disrupters ETF (NBDS) is an ETF from Neuberger Berman and Northern Trust Morningstar US Market Factor Tilt ETF (TILT) is an ETF from Northern Trust Asset Management. Over the past year NBDS returned +9.23% while TILT returned +15.61%. Year to date, NBDS is up 11.35% versus a gain of 11.74% for TILT.
Over three years, NBDS compounded at +21.50% per year against +20.41% for TILT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NBDS has been the more volatile fund, with annualized monthly volatility of 23.4% compared with 15.9% for TILT. 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 -19.9% for TILT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NBDS charges 0.40% per year while TILT charges 0.25%. On a $10,000 position that is $40 vs $25 annually, a gap of $15 per year that compounds over a long holding period. On income, NBDS currently yields 0.33% against 1.08% for TILT.
Holdings Overlap
75.1% of NBDS's money is in holdings TILT also owns. 13.2% of TILT's money is in holdings NBDS also owns.
Most of NBDS is already inside TILT. Owning both mostly buys the same companies twice.
24 positions in common, counted across the 32 positions we hold weights for in NBDS and 1,904 in TILT, against full books of 32 and 1,929.
What only one of them owns
Our book lists 1,509 positions for TILT that do not appear in our book for NBDS (85.4% of the fund), and 4 for NBDS that do not appear in TILT (8.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in NBDS | Weight in TILT | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.46% | 5.56% | 1.90% |
| AMDAdvanced Micro Devices Inc | 5.41% | 1.03% | 4.38% |
| AMZNAmazon.Com Inc | 2.69% | 2.53% | 0.16% |
| SNOWSnowflake Inc | 4.80% | 0.12% | 4.68% |
| PTGXProtagonist Therapeutics Inc | 4.53% | 0.01% | 4.52% |
| AVGOBroadcom Inc | 2.82% | 1.66% | 1.16% |
| CEGConstellation Energy Corporation Com | 4.05% | 0.10% | 3.95% |
| HOODRobinhood Markets Inc - A | 3.92% | 0.08% | 3.84% |
| GKOSGlaukos Corp. | 3.88% | 0.02% | 3.86% |
| MPWRMonolithic Power Systems Inc | 3.57% | 0.06% | 3.51% |
75.1% of NBDS is already inside TILT.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NBDS or TILT?
NBDS has an expense ratio of 0.40% while TILT charges 0.25%. TILT is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, NBDS or TILT?
Over the past year NBDS returned +9.23% vs +15.61% for TILT, so TILT leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NBDS or TILT?
NBDS has been the more volatile fund at 23.4% annualized versus 15.9% for TILT. Worst drawdown: NBDS -29.8% vs TILT -19.9%.
Should I hold both NBDS and TILT?
NBDS and TILT have a monthly-return correlation of 0.80, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between NBDS and TILT?
75.1% of NBDS's money is in holdings TILT also owns. 13.2% of TILT's is in holdings NBDS also owns. They hold 24 positions in common, counted across the 32 positions we hold weights for in NBDS and 1,904 in TILT.
Which pays a higher dividend, NBDS or TILT?
NBDS yields 0.33% while TILT yields 1.08%, so TILT currently pays the higher dividend yield.
Is TILT better than NBDS?
TILT has a lower expense ratio. NBDS led over 3Y, TILT over 1Y and the full window. TILT is less concentrated, with 27.1% of the fund in its ten largest positions against 46.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.