NEMD vs SPY
Neuberger Berman Emerging Markets Debt Hard Currency ETF 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 503 holdings.
Side-by-Side Comparison
| Metric | NEMD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.09% | |
| AUM | - | $789.1B | |
| Dividend Yield | - | 1.01% | |
| Holdings | 244 | 505 | |
| YTD Return | +4.03% | +13.39% | |
| 1Y Return | +11.49% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 5.5% | 15.3% | |
| Max Drawdown | -4.4% | -56.5% | |
| Fund Family | Neuberger Berman | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Aug 11, 2025 | Jan 22, 1993 |
NEMD vs SPY Performance
Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD) 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 NEMD returned +11.49% while SPY returned +22.52%. Year to date, NEMD is up 4.03% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 5.5% for NEMD. 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 -4.4% for NEMD 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NEMD charges 0.60% per year while SPY charges 0.09%. On a $10,000 position that is $60 vs $9 annually, a gap of $51 per year that compounds over a long holding period.
Holdings Overlap
NEMD and SPY share 0 holdings out of 555 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NEMD or SPY?
NEMD has an expense ratio of 0.60% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, NEMD or SPY?
Over the past year NEMD returned +11.49% vs +22.52% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, NEMD or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 5.5% for NEMD. Worst drawdown: NEMD -4.4% vs SPY -56.5%.
Should I hold both NEMD and SPY?
NEMD and SPY have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NEMD and SPY?
NEMD and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 555 unique securities.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.