NQLT vs SPY
Neuberger Quality Select ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, NQLT or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 50.9%.
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 | NQLT | SPY |
|---|---|---|
| Expense Ratio | 0.48% | 0.09%Best |
| AUM | - | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 63 | 505 |
| YTD Return | +0.39% | +11.52%Best |
| 1Y Return | - | +17.48% |
| 3Y Return (annualized) | - | +20.62% |
| 5Y Return (annualized) | - | +12.73% |
| Top 10 Weight | 50.9% | 38.0%Best |
| Fund Family | Neuberger Berman | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Jul 10, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
NQLT vs SPY 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
NQLT vs SPY Performance
Neuberger Quality Select ETF (NQLT) is an ETF from Neuberger Berman and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, NQLT is up 0.39% versus a gain of 11.52% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
NQLT charges 0.48% per year while SPY charges 0.09%. On a $10,000 position that is $48 vs $9 annually, a gap of $39 per year that compounds over a long holding period. On income, NQLT currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
89.3% of NQLT's money is in holdings SPY also owns. 44.6% of SPY's money is in holdings NQLT also owns.
Most of NQLT is already inside SPY. Owning both mostly buys the same companies twice.
53 positions in common, counted across the 62 positions we hold weights for in NQLT and 504 in SPY, against full books of 63 and 505.
What only one of them owns
Our book lists 442 positions for SPY that do not appear in our book for NQLT (54.9% of the fund), and 5 for NQLT that do not appear in SPY (3.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in NQLT | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 5.80% | 7.71% | 1.91% |
| AAPLApple, Inc | 6.43% | 6.83% | 0.40% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 7.10% | 5.50% | 1.60% |
| AMZNAmazon.Com Inc | 7.90% | 4.08% | 3.82% |
| GOOGAlphabet Inc | 5.35% | 2.67% | 2.68% |
| GOOGLAlphabet A Usd 0.001 | 3.64% | 3.33% | 0.31% |
| JPMJpmorgan Chase & Co. | 4.69% | 1.44% | 3.25% |
| BRK.BBerkshire Hathaway B | 3.65% | 1.42% | 2.23% |
| LLYEli Lilly & Co. | 3.30% | 1.33% | 1.97% |
| HDHome Depot Inc/The | 3.06% | 0.52% | 2.54% |
89.3% of NQLT is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NQLT or SPY?
NQLT has an expense ratio of 0.48% while SPY charges 0.09%. SPY is the cheaper option, by $39 a year on a $10,000 investment.
What is the holdings overlap between NQLT and SPY?
89.3% of NQLT's money is in holdings SPY also owns. 44.6% of SPY's is in holdings NQLT also owns. They hold 53 positions in common, counted across the 62 positions we hold weights for in NQLT and 504 in SPY.
Which pays a higher dividend, NQLT or SPY?
NQLT yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than NQLT?
SPY has a lower expense ratio. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 50.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.