NBXG vs SPY
Neuberger Berman Next Generation Connectivity Fund Inc vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NBXG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.30% | 0.09% | |
| AUM | - | $821.1B | |
| Dividend Yield | 8.34% | 1.01% | |
| Holdings | 137 | 505 | |
| YTD Return | +9.78% | +12.68% | |
| 1Y Return | +13.99% | +21.82% | |
| 3Y Return (annualized) | +24.94% | +21.98% | |
| 5Y Return (annualized) | +4.39% | +12.89% | |
| Volatility (annualized) | 22.6% | 15.3% | |
| Max Drawdown | -51.8% | -56.5% | |
| Fund Family | Neuberger Berman | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 25, 2021 | Jan 22, 1993 |
NBXG vs SPY Performance
Neuberger Berman Next Generation Connectivity Fund Inc (NBXG) is a ETF from Neuberger Berman and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NBXG returned +13.99% while SPY returned +21.82%. Year to date, NBXG is up 9.78% versus a gain of 12.68% for SPY.
Over three years, NBXG compounded at +24.94% per year against +21.98% for SPY; over five years the annualized figures are +4.39% and +12.89% respectively. Across the full 5-year window we track, SPY has the edge at +8.81% annualized vs +4.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NBXG has been the more volatile fund, with annualized monthly volatility of 22.6% compared with 15.3% for SPY. 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 -56.5% for SPY. 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NBXG charges 1.30% per year while SPY charges 0.09%. On a $10,000 position that is $130 vs $9 annually, a gap of $121 per year that compounds over a long holding period. On income, NBXG currently yields 8.34% against 1.01% for SPY.
Holdings Overlap
NBXG and SPY share 27 holdings out of 529 unique holdings combined, representing a 25.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NBXG or SPY?
NBXG has an expense ratio of 1.30% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $121 per year of difference.
Which performed better, NBXG or SPY?
Over the past year NBXG returned +13.99% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), NBXG annualized +4.35% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, NBXG or SPY?
NBXG has been the more volatile fund at 22.6% annualized versus 15.3% for SPY. Worst drawdown: NBXG -51.8% vs SPY -56.5%.
Should I hold both NBXG and SPY?
NBXG and SPY have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NBXG and SPY?
NBXG and SPY share 27 common holdings with a 25.1% weight overlap. Combined, they hold 529 unique securities.
Which pays a higher dividend, NBXG or SPY?
NBXG yields 8.34% while SPY yields 1.01%, so NBXG currently pays the higher dividend yield.
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