NBOS vs QQQ
Neuberger Berman Option Strategy 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 | NBOS | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.57% | 0.18% | |
| AUM | $536M | $496.3B | |
| Dividend Yield | 8.07% | 0.44% | |
| Holdings | 35 | 108 | |
| YTD Return | +9.33% | +16.64% | |
| 1Y Return | +17.41% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 5.8% | 30.6% | |
| Max Drawdown | -12.7% | -83.0% | |
| Fund Family | Neuberger Berman | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 29, 2024 | Mar 10, 1999 |
NBOS vs QQQ Performance
Neuberger Berman Option Strategy ETF (NBOS) is a ETF from Neuberger Berman and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NBOS returned +17.41% while QQQ returned +27.27%. Year to date, NBOS is up 9.33% 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 5.8% for NBOS. 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 -12.7% for NBOS 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NBOS charges 0.57% per year while QQQ charges 0.18%. On a $10,000 position that is $57 vs $18 annually, a gap of $39 per year that compounds over a long holding period. On income, NBOS currently yields 8.07% against 0.44% for QQQ.
Holdings Overlap
NBOS and QQQ share 0 holdings out of 111 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, NBOS or QQQ?
NBOS has an expense ratio of 0.57% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $39 per year of difference.
Which performed better, NBOS or QQQ?
Over the past year NBOS returned +17.41% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), NBOS annualized +12.96% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, NBOS or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 5.8% for NBOS. Worst drawdown: NBOS -12.7% vs QQQ -83.0%.
Should I hold both NBOS and QQQ?
NBOS and QQQ have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NBOS and QQQ?
NBOS and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 111 unique securities.
Which pays a higher dividend, NBOS or QQQ?
NBOS yields 8.07% while QQQ yields 0.44%, so NBOS currently pays the higher dividend yield.
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