NBOS vs VOO
Neuberger Berman Option Strategy ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | NBOS | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.57% | 0.03% | |
| AUM | $536M | $997.4B | |
| Dividend Yield | 8.07% | 1.08% | |
| Holdings | 35 | 509 | |
| YTD Return | +9.55% | +13.20% | |
| 1Y Return | +17.34% | +21.62% | |
| 3Y Return (annualized) | - | +22.16% | |
| 5Y Return (annualized) | - | +13.42% | |
| Volatility (annualized) | 5.8% | 14.1% | |
| Max Drawdown | -12.7% | -34.3% | |
| Fund Family | Neuberger Berman | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 29, 2024 | Sep 7, 2010 |
NBOS vs VOO Performance
Neuberger Berman Option Strategy ETF (NBOS) is a ETF from Neuberger Berman and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year NBOS returned +17.34% while VOO returned +21.62%. Year to date, NBOS is up 9.55% versus a gain of 13.20% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
NBOS charges 0.57% per year while VOO charges 0.03%. On a $10,000 position that is $57 vs $3 annually, a gap of $54 per year that compounds over a long holding period. On income, NBOS currently yields 8.07% against 1.08% for VOO.
Holdings Overlap
NBOS and VOO share 0 holdings out of 514 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 VOO?
NBOS has an expense ratio of 0.57% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
Which performed better, NBOS or VOO?
Over the past year NBOS returned +17.34% vs +21.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), NBOS annualized +13.08% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, NBOS or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 5.8% for NBOS. Worst drawdown: NBOS -12.7% vs VOO -34.3%.
Should I hold both NBOS and VOO?
NBOS and VOO have a monthly-return correlation of 0.91, 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 NBOS and VOO?
NBOS and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, NBOS or VOO?
NBOS yields 8.07% while VOO yields 1.08%, so NBOS currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.