NBGX vs QQQ
Neuberger Berman Growth ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | NBGX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.44% | 0.18% | |
| AUM | $15M | $496.3B | |
| Dividend Yield | 0.40% | 0.44% | |
| Holdings | 56 | 108 | |
| YTD Return | +5.90% | +16.64% | |
| 1Y Return | +10.98% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 16.6% | 30.6% | |
| Max Drawdown | -21.6% | -83.0% | |
| Fund Family | Neuberger Berman ETF Trust | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 18, 2024 | Mar 10, 1999 |
NBGX vs QQQ Performance
Neuberger Berman Growth ETF (NBGX) is a ETF from Neuberger Berman ETF Trust and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NBGX returned +10.98% while QQQ returned +27.27%. Year to date, NBGX is up 5.90% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 16.6% 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 -83.0% for QQQ. 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 0.94. 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 0.40% against 0.44% for QQQ.
Holdings Overlap
NBGX and QQQ share 21 holdings out of 135 unique holdings combined, representing a 42.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $26 per year of difference.
Which performed better, NBGX or QQQ?
Over the past year NBGX returned +10.98% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), NBGX annualized +12.77% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, NBGX or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 16.6% for NBGX. Worst drawdown: NBGX -21.6% vs QQQ -83.0%.
Should I hold both NBGX and QQQ?
NBGX and QQQ have a monthly-return correlation of 0.94, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between NBGX and QQQ?
NBGX and QQQ share 21 common holdings with a 42.6% weight overlap. Combined, they hold 135 unique securities.
Which pays a higher dividend, NBGX or QQQ?
NBGX yields 0.40% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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