NBXG vs VOO
Neuberger Berman Next Generation Connectivity Fund Inc 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 509 holdings.
Side-by-Side Comparison
| Metric | NBXG | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.30% | 0.03% | |
| AUM | - | $997.4B | |
| Dividend Yield | 8.34% | 1.08% | |
| Holdings | 137 | 509 | |
| YTD Return | +9.78% | +12.68% | |
| 1Y Return | +13.99% | +21.87% | |
| 3Y Return (annualized) | +24.94% | +22.06% | |
| 5Y Return (annualized) | +4.39% | +12.95% | |
| Volatility (annualized) | 22.6% | 14.1% | |
| Max Drawdown | -51.8% | -34.3% | |
| Fund Family | Neuberger Berman | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 25, 2021 | Sep 7, 2010 |
NBXG vs VOO Performance
Neuberger Berman Next Generation Connectivity Fund Inc (NBXG) is a ETF from Neuberger Berman and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year NBXG returned +13.99% while VOO returned +21.87%. Year to date, NBXG is up 9.78% versus a gain of 12.68% for VOO.
Over three years, NBXG compounded at +24.94% per year against +22.06% for VOO; over five years the annualized figures are +4.39% and +12.95% respectively. Across the full 5-year window we track, VOO has the edge at +13.47% 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 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 -51.8% for NBXG 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NBXG charges 1.30% per year while VOO charges 0.03%. On a $10,000 position that is $130 vs $3 annually, a gap of $127 per year that compounds over a long holding period. On income, NBXG currently yields 8.34% against 1.08% for VOO.
Holdings Overlap
NBXG and VOO share 27 holdings out of 530 unique holdings combined, representing a 24.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NBXG or VOO?
NBXG has an expense ratio of 1.30% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $127 per year of difference.
Which performed better, NBXG or VOO?
Over the past year NBXG returned +13.99% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), NBXG annualized +4.35% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, NBXG or VOO?
NBXG has been the more volatile fund at 22.6% annualized versus 14.1% for VOO. Worst drawdown: NBXG -51.8% vs VOO -34.3%.
Should I hold both NBXG and VOO?
NBXG and VOO 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 VOO?
NBXG and VOO share 27 common holdings with a 24.0% weight overlap. Combined, they hold 530 unique securities.
Which pays a higher dividend, NBXG or VOO?
NBXG yields 8.34% while VOO yields 1.08%, so NBXG currently pays the higher dividend yield.
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