NBJP vs SPY
Neuberger Berman Japan Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. NBJP delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | NBJP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $129M | $789.1B | |
| Dividend Yield | 1.91% | 1.01% | |
| Holdings | 65 | 505 | |
| YTD Return | +18.04% | +13.39% | |
| 1Y Return | +27.17% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 16.6% | 15.3% | |
| Max Drawdown | -14.3% | -56.5% | |
| Fund Family | Neuberger Berman | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 11, 2024 | Jan 22, 1993 |
NBJP vs SPY Performance
Neuberger Berman Japan Equity ETF (NBJP) is a ETF from Neuberger Berman and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NBJP returned +27.17% while SPY returned +22.52%. Year to date, NBJP is up 18.04% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
NBJP has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 15.3% for SPY. 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 -56.5% for SPY. 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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NBJP charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, NBJP currently yields 1.91% against 1.01% for SPY.
Holdings Overlap
NBJP and SPY share 0 holdings out of 564 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 SPY?
NBJP has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, NBJP or SPY?
Over the past year NBJP returned +27.17% vs +22.52% for SPY, so NBJP leads on 1-year performance. Over the longest common window we track (2 years), NBJP annualized +23.43% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, NBJP or SPY?
NBJP has been the more volatile fund at 16.6% annualized versus 15.3% for SPY. Worst drawdown: NBJP -14.3% vs SPY -56.5%.
Should I hold both NBJP and SPY?
NBJP and SPY have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NBJP and SPY?
NBJP and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 564 unique securities.
Which pays a higher dividend, NBJP or SPY?
NBJP yields 1.91% while SPY yields 1.01%, so NBJP currently pays the higher dividend yield.
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