NBJP vs QQQ
Neuberger Berman Japan Equity 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 | NBJP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $130M | $496.3B | |
| Dividend Yield | 1.98% | 0.44% | |
| Holdings | 61 | 108 | |
| YTD Return | +15.00% | +16.64% | |
| 1Y Return | +23.47% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 16.5% | 30.6% | |
| Max Drawdown | -14.3% | -83.0% | |
| Fund Family | Neuberger Berman | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 11, 2024 | Mar 10, 1999 |
NBJP vs QQQ Performance
Neuberger Berman Japan Equity ETF (NBJP) is a ETF from Neuberger Berman and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NBJP returned +23.47% while QQQ returned +27.27%. Year to date, NBJP is up 15.00% 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 16.5% for NBJP. 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 -14.3% for NBJP 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NBJP charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, NBJP currently yields 1.98% against 0.44% for QQQ.
Holdings Overlap
NBJP and QQQ share 0 holdings out of 162 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NBJP or QQQ?
NBJP has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, NBJP or QQQ?
Over the past year NBJP returned +23.47% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), NBJP annualized +21.42% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, NBJP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 16.5% for NBJP. Worst drawdown: NBJP -14.3% vs QQQ -83.0%.
Should I hold both NBJP and QQQ?
NBJP and QQQ have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NBJP and QQQ?
NBJP and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 162 unique securities.
Which pays a higher dividend, NBJP or QQQ?
NBJP yields 1.98% while QQQ yields 0.44%, so NBJP currently pays the higher dividend yield.
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