NBSM vs SCHD
Neuberger Berman Small-Mid Cap ETF vs Schwab US Dividend Equity ETF
Which is better, NBSM or SCHD?
Small Cap Growth against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. NBSM is less concentrated, with 20.1% of the fund in its ten largest positions against 41.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NBSM | SCHD |
|---|---|---|
| Expense Ratio | 0.65% | 0.06%Best |
| AUM | $116M | $112.2B |
| Dividend Yield | 0.36% | 3.13% |
| Holdings | 80 | 103 |
| YTD Return | +12.72% | +26.13%Best |
| 1Y Return | +10.22% | +30.01%Best |
| 3Y Return (annualized) | - | +16.09% |
| 5Y Return (annualized) | - | +9.95% |
| Volatility (annualized) | 14.6% | 13.1%Best |
| Max Drawdown | -25.2% | -16.1%Best |
| $10,000 over 2.5 years | $11,346 | $14,210Best |
| Top 10 Weight | 20.1%Best | 41.5% |
| Fund Family | Neuberger Berman | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Small Cap Growth | Large Cap Value |
| Inception | Mar 20, 2024 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Mar 22, 2024 to Sep 8, 2026 (2.5 years).
NBSM vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.5 years both funds cover.
NBSM vs SCHD Performance
Neuberger Berman Small-Mid Cap ETF (NBSM) is an ETF from Neuberger Berman and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year NBSM returned +10.22% while SCHD returned +30.01%. Year to date, NBSM is up 12.72% versus a gain of 26.13% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NBSM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 13.1% for SCHD. 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 -25.2% for NBSM and -16.1% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.65. They move together some of the time, and apart the rest.
Fees and Cost Over Time
NBSM charges 0.65% per year while SCHD charges 0.06%. On a $10,000 position that is $65 vs $6 annually, a gap of $59 per year that compounds over a long holding period. On income, NBSM currently yields 0.36% against 3.13% for SCHD.
Holdings Overlap
1.1% of NBSM's money is in holdings SCHD also owns. 0.1% of SCHD's money is in holdings NBSM also owns.
NBSM and SCHD share little of their money.
1 positions in common, counted across the 78 positions we hold weights for in NBSM and 100 in SCHD, against full books of 80 and 103.
What only one of them owns
Our book lists 97 positions for SCHD that do not appear in our book for NBSM (99.5% of the fund), and 75 for NBSM that do not appear in SCHD (95.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in NBSM | Weight in SCHD | Difference |
|---|---|---|---|
| NXSTNexstar Media Group Inc | 1.06% | 0.14% | 0.92% |
You are not choosing between two funds in isolation.
Whichever of NBSM and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NBSM or SCHD?
NBSM has an expense ratio of 0.65% while SCHD charges 0.06%. SCHD is the cheaper option, by $59 a year on a $10,000 investment.
Which performed better, NBSM or SCHD?
Over the past year NBSM returned +10.22% vs +30.01% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NBSM or SCHD?
NBSM has been the more volatile fund at 14.6% annualized versus 13.1% for SCHD. Worst drawdown: NBSM -25.2% vs SCHD -16.1%.
Should I hold both NBSM and SCHD?
NBSM and SCHD have a monthly-return correlation of 0.65, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between NBSM and SCHD?
1.1% of NBSM's money is in holdings SCHD also owns. 0.1% of SCHD's is in holdings NBSM also owns. They hold 1 positions in common, counted across the 78 positions we hold weights for in NBSM and 100 in SCHD.
Which pays a higher dividend, NBSM or SCHD?
NBSM yields 0.36% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than NBSM?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. NBSM is less concentrated, with 20.1% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.