NBSM vs VOO
Neuberger Berman Small-Mid Cap 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 505 holdings.
Side-by-Side Comparison
| Metric | NBSM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $114M | $979.0B | |
| Dividend Yield | 0.36% | 1.09% | |
| Holdings | 74 | 509 | |
| YTD Return | +15.24% | +13.72% | |
| 1Y Return | +14.18% | +21.63% | |
| 3Y Return (annualized) | - | +21.55% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 14.8% | 14.1% | |
| Max Drawdown | -25.2% | -34.3% | |
| Fund Family | Neuberger Berman | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 20, 2024 | Sep 7, 2010 |
NBSM vs VOO Performance
Neuberger Berman Small-Mid Cap ETF (NBSM) is a ETF from Neuberger Berman and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year NBSM returned +14.18% while VOO returned +21.63%. Year to date, NBSM is up 15.24% versus a gain of 13.72% for VOO.
Risk: Volatility and Drawdowns
NBSM has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 14.1% for VOO. 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 -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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NBSM charges 0.65% per year while VOO charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, NBSM currently yields 0.36% against 1.09% for VOO.
Holdings Overlap
NBSM and VOO share 8 holdings out of 569 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NBSM or VOO?
NBSM has an expense ratio of 0.65% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, NBSM or VOO?
Over the past year NBSM returned +14.18% vs +21.63% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), NBSM annualized +6.32% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, NBSM or VOO?
NBSM has been the more volatile fund at 14.8% annualized versus 14.1% for VOO. Worst drawdown: NBSM -25.2% vs VOO -34.3%.
Should I hold both NBSM and VOO?
NBSM and VOO have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NBSM and VOO?
NBSM and VOO share 8 common holdings with a 0.2% weight overlap. Combined, they hold 569 unique securities.
Which pays a higher dividend, NBSM or VOO?
NBSM yields 0.36% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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