NBGX vs QQQ
Neuberger Berman Growth ETF vs Invesco QQQ Trust, Series 1
Which is better, NBGX or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 52.9%.
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 | NBGX | QQQ |
|---|---|---|
| Expense Ratio | 0.44% | 0.18%Best |
| AUM | $15M | $483.5B |
| Dividend Yield | 0.39% | 0.44% |
| Holdings | 56 | 107 |
| YTD Return | +8.71% | +21.71%Best |
| 1Y Return | +10.12% | +25.89%Best |
| 3Y Return (annualized) | - | +28.80% |
| 5Y Return (annualized) | - | +15.67% |
| Volatility (annualized) | 16.2%Best | 19.6% |
| Max Drawdown | -21.6%Best | -22.8% |
| $10,000 over 1.8 years | $12,604 | $14,718Best |
| Top 10 Weight | 52.9% | 46.5%Best |
| Fund Family | Neuberger Berman ETF Trust | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Dec 18, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 19, 2024 to Sep 25, 2026 (1.8 years).
NBGX vs QQQ 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 1.8 years both funds cover.
NBGX vs QQQ Performance
Neuberger Berman Growth ETF (NBGX) is an ETF from Neuberger Berman ETF Trust and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year NBGX returned +10.12% while QQQ returned +25.89%. Year to date, NBGX is up 8.71% versus a gain of 21.71% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.6% compared with 16.2% for NBGX. 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 -21.6% for NBGX and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
NBGX charges 0.44% per year while QQQ charges 0.18%. On a $10,000 position that is $44 vs $18 annually, a gap of $26 per year that compounds over a long holding period. On income, NBGX currently yields 0.39% against 0.44% for QQQ.
Holdings Overlap
59.8% of NBGX's money is in holdings QQQ also owns. 56.8% of QQQ's money is in holdings NBGX also owns.
The two portfolios partly overlap.
21 positions in common, counted across the 54 positions we hold weights for in NBGX and 102 in QQQ, against full books of 56 and 107.
What only one of them owns
Our book lists 77 positions for QQQ that do not appear in our book for NBGX (42.2% of the fund), and 29 for NBGX that do not appear in QQQ (32.6%).
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 NBGX | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 9.81% | 8.44% | 1.37% |
| GOOGLAlphabet Inc,class A | 9.15% | 3.36% | 5.79% |
| AAPLApple, Inc | 4.82% | 7.27% | 2.45% |
| MSFTMicrosoft Corp | 4.63% | 5.76% | 1.13% |
| AVGOBroadcom Inc | 5.71% | 3.16% | 2.55% |
| AMZNAmazon.Com Inc | 3.87% | 4.67% | 0.80% |
| METAMeta Platforms Inc | 5.54% | 2.78% | 2.76% |
| MUMicron Technology, Inc. | 2.30% | 4.43% | 2.13% |
| TSLATesla Inc | 1.35% | 2.56% | 1.21% |
| ASL:ASAsml Holding Nv Unsponsored Adr Ordinary Shares | 3.07% | 0.68% | 2.39% |
59.8% of NBGX is already inside QQQ.
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, NBGX or QQQ?
NBGX has an expense ratio of 0.44% while QQQ charges 0.18%. QQQ is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, NBGX or QQQ?
Over the past year NBGX returned +10.12% vs +25.89% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), NBGX annualized +13.72% vs +23.95% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NBGX or QQQ?
QQQ has been the more volatile fund at 19.6% annualized versus 16.2% for NBGX. Worst drawdown: NBGX -21.6% vs QQQ -22.8%.
Should I hold both NBGX and QQQ?
NBGX and QQQ have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between NBGX and QQQ?
59.8% of NBGX's money is in holdings QQQ also owns. 56.8% of QQQ's is in holdings NBGX also owns. They hold 21 positions in common, counted across the 54 positions we hold weights for in NBGX and 102 in QQQ.
Which pays a higher dividend, NBGX or QQQ?
NBGX yields 0.39% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than NBGX?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 52.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.