NBXG vs QQQ
Neuberger Berman Next Generation Connectivity Fund Inc vs Invesco QQQ Trust, Series 1
Which is better, NBXG or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90.
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 | NBXG | QQQ |
|---|---|---|
| Expense Ratio | 1.30% | 0.18%Best |
| AUM | - | $483.5B |
| Dividend Yield | 8.12% | 0.44% |
| Holdings | 137 | 107 |
| YTD Return | +12.01% | +15.94%Best |
| 1Y Return | +10.57% | +20.44%Best |
| 3Y Return (annualized) | +23.97% | +24.86%Best |
| 5Y Return (annualized) | +5.35% | +14.26%Best |
| Volatility (annualized) | 22.4% | 20.6%Best |
| Max Drawdown | -51.8% | -35.1%Best |
| $10,000 over 5 years | $12,977 | $19,475Best |
| Fund Family | Neuberger Berman | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 25, 2021 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 26, 2021 to Sep 14, 2026 (5.3 years).
NBXG vs QQQ 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 5.3 years both funds cover.
NBXG vs QQQ Performance
Neuberger Berman Next Generation Connectivity Fund Inc (NBXG) is an ETF from Neuberger Berman and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year NBXG returned +10.57% while QQQ returned +20.44%. Year to date, NBXG is up 12.01% versus a gain of 15.94% for QQQ.
Over three years, NBXG compounded at +23.97% per year against +24.86% for QQQ; over five years the annualized figures are +5.35% and +14.26% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NBXG has been the more volatile fund, with annualized monthly volatility of 22.4% compared with 20.6% for QQQ. 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 -51.8% for NBXG and -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
NBXG charges 1.30% per year while QQQ charges 0.18%. On a $10,000 position that is $130 vs $18 annually, a gap of $112 per year that compounds over a long holding period. On income, NBXG currently yields 8.12% against 0.44% for QQQ.
Holdings Overlap
At least 45.9% of QQQ's money is in holdings NBXG also owns.
Stated as a floor: for NBXG, our book for it covers 90.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
The two holdings books were reported 186 days apart, NBXG as of Jan 31, 2026 and QQQ as of Aug 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
22 positions in common, counted across the 51 positions we hold weights for in NBXG and 102 in QQQ, against full books of 137 and 107.
Top Shared Holdings
| Stock | Weight in NBXG | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.45% | 8.44% | 3.99% |
| MSFTMicrosoft Corp | 5.68% | 5.76% | 0.08% |
| AMZNAmazon.Com Inc | 5.76% | 4.67% | 1.09% |
| METAMeta Platforms Inc | 6.04% | 2.78% | 3.26% |
| AAPLApple, Inc | 1.27% | 7.27% | 6.00% |
| AVGOBroadcom Inc | 2.26% | 3.16% | 0.90% |
| AMDAdvanced Micro Devices Inc | 1.51% | 3.45% | 1.94% |
| LRCXLam Research Corp | 2.12% | 1.69% | 0.43% |
| WDCWestern Digital Corp Company Guar 11/28 3 | 2.53% | 0.79% | 1.74% |
| NFLXNetflix, Inc. | 1.85% | 1.37% | 0.48% |
45.9% of QQQ is already inside NBXG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, NBXG or QQQ?
NBXG has an expense ratio of 1.30% while QQQ charges 0.18%. QQQ is the cheaper option, by $112 a year on a $10,000 investment.
Which performed better, NBXG or QQQ?
Over the past year NBXG returned +10.57% vs +20.44% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NBXG or QQQ?
NBXG has been the more volatile fund at 22.4% annualized versus 20.6% for QQQ. Worst drawdown: NBXG -51.8% vs QQQ -35.1%.
Should I hold both NBXG and QQQ?
NBXG and QQQ have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between NBXG and QQQ?
At least 45.9% of QQQ's money is in holdings NBXG also owns. Our book for NBXG is partial, so the real figure is this or higher. They hold 22 positions in common, counted across the 51 positions we hold weights for in NBXG and 102 in QQQ.
Which pays a higher dividend, NBXG or QQQ?
NBXG yields 8.12% while QQQ yields 0.44%, so NBXG currently pays the higher dividend yield.
Is QQQ better than NBXG?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. Which one suits a particular account depends on what it is for. This is information, not a recommendation.