NBFC vs SPY
Neuberger Berman Flexible Credit Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, NBFC or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
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 | NBFC | SPY |
|---|---|---|
| Expense Ratio | 0.40% | 0.09%Best |
| AUM | $75M | $804.7B |
| Dividend Yield | 7.23% | 0.98% |
| Holdings | 596 | 505 |
| YTD Return | +2.00% | +12.47%Best |
| 1Y Return | +3.73% | +17.51%Best |
| 3Y Return (annualized) | - | +21.18% |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 3.4%Best | 11.9% |
| Max Drawdown | -4.0%Best | -18.8% |
| $10,000 over 2.2 years | $11,691 | $14,331Best |
| Fund Family | Neuberger Berman | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Blend |
| Inception | Jun 24, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jun 25, 2024 to Sep 11, 2026 (2.2 years).
NBFC vs SPY 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 2.2 years both funds cover.
NBFC vs SPY Performance
Neuberger Berman Flexible Credit Income ETF (NBFC) is an ETF from Neuberger Berman and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year NBFC returned +3.73% while SPY returned +17.51%. Year to date, NBFC is up 2.00% versus a gain of 12.47% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 3.4% for NBFC. 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 -4.0% for NBFC and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NBFC 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, NBFC currently yields 7.23% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 227 holdings in NBFC and 504 in SPY, totalling 31.4% and 99.9% of the two funds. That is not enough of NBFC to divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 227 positions we hold weights for in NBFC and 504 in SPY, against full books of 596 and 505.
Top Shared Holdings
| Stock | Weight in NBFC | Weight in SPY | Difference |
|---|---|---|---|
| CNPCenterPoint Energy Inc 5.95 04/01/2056 | 0.15% | 0.04% | 0.11% |
You are not choosing between two funds in isolation.
Whichever of NBFC and SPY 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, NBFC or SPY?
NBFC has an expense ratio of 0.40% while SPY charges 0.09%. SPY is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, NBFC or SPY?
Over the past year NBFC returned +3.73% vs +17.51% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), NBFC annualized +7.36% vs +17.77% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NBFC or SPY?
SPY has been the more volatile fund at 11.9% annualized versus 3.4% for NBFC. Worst drawdown: NBFC -4.0% vs SPY -18.8%.
Should I hold both NBFC and SPY?
NBFC and SPY have a monthly-return correlation of 0.79, 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, NBFC or SPY?
NBFC yields 7.23% while SPY yields 0.98%, so NBFC currently pays the higher dividend yield.
Is SPY better than NBFC?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.