NBOS vs SCHD
Neuberger Berman Option Strategy ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | NBOS | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.57% | 0.06% | |
| AUM | $536M | $108.7B | |
| Dividend Yield | 8.07% | 3.13% | |
| Holdings | 35 | 104 | |
| YTD Return | +9.55% | +28.63% | |
| 1Y Return | +17.34% | +32.53% | |
| 3Y Return (annualized) | - | +16.97% | |
| 5Y Return (annualized) | - | +10.47% | |
| Volatility (annualized) | 5.8% | 13.7% | |
| Max Drawdown | -12.7% | -33.4% | |
| Fund Family | Neuberger Berman | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jan 29, 2024 | Oct 20, 2011 |
NBOS vs SCHD Performance
Neuberger Berman Option Strategy ETF (NBOS) is a ETF from Neuberger Berman and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year NBOS returned +17.34% while SCHD returned +32.53%. Year to date, NBOS is up 9.55% versus a gain of 28.63% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% 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 -33.4% for SCHD. 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
NBOS charges 0.57% per year while SCHD charges 0.06%. On a $10,000 position that is $57 vs $6 annually, a gap of $51 per year that compounds over a long holding period. On income, NBOS currently yields 8.07% against 3.13% for SCHD.
Holdings Overlap
NBOS and SCHD share 0 holdings out of 109 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 SCHD?
NBOS has an expense ratio of 0.57% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, NBOS or SCHD?
Over the past year NBOS returned +17.34% vs +32.53% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), NBOS annualized +13.08% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, NBOS or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 5.8% for NBOS. Worst drawdown: NBOS -12.7% vs SCHD -33.4%.
Should I hold both NBOS and SCHD?
NBOS and SCHD 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 NBOS and SCHD?
NBOS and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 109 unique securities.
Which pays a higher dividend, NBOS or SCHD?
NBOS yields 8.07% while SCHD yields 3.13%, so NBOS currently pays the higher dividend yield.
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