NBSM vs VTI
Neuberger Berman Small-Mid Cap ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | NBSM | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $119M | $666.9B | |
| Dividend Yield | 0.36% | 1.07% | |
| Holdings | 74 | 3,543 | |
| YTD Return | +15.87% | +13.14% | |
| 1Y Return | +15.46% | +22.35% | |
| 3Y Return (annualized) | - | +21.83% | |
| 5Y Return (annualized) | - | +12.01% | |
| Volatility (annualized) | 14.9% | 15.3% | |
| Max Drawdown | -25.2% | -56.6% | |
| Fund Family | Neuberger Berman | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 20, 2024 | May 24, 2001 |
NBSM vs VTI Performance
Neuberger Berman Small-Mid Cap ETF (NBSM) is a ETF from Neuberger Berman and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year NBSM returned +15.46% while VTI returned +22.35%. Year to date, NBSM is up 15.87% versus a gain of 13.14% for VTI.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.9% for NBSM. 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 -56.6% for VTI. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NBSM charges 0.65% per year while VTI 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 1.07% for VTI.
Holdings Overlap
NBSM and VTI share 55 holdings out of 2810 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NBSM or VTI?
NBSM has an expense ratio of 0.65% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, NBSM or VTI?
Over the past year NBSM returned +15.46% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (2 years), NBSM annualized +6.50% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, NBSM or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 14.9% for NBSM. Worst drawdown: NBSM -25.2% vs VTI -56.6%.
Should I hold both NBSM and VTI?
NBSM and VTI have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NBSM and VTI?
NBSM and VTI share 55 common holdings with a 0.4% weight overlap. Combined, they hold 2810 unique securities.
Which pays a higher dividend, NBSM or VTI?
NBSM yields 0.36% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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