NBCM vs VOO
NBCM vs VOO
Neuberger Berman Commodity Strategy ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. NBCM delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NBCM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $455M | $979.0B | |
| Dividend Yield | 7.25% | 1.09% | |
| Holdings | 208 | 509 | |
| YTD Return | +25.40% | +13.31% | |
| 1Y Return | +38.79% | +24.01% | |
| 3Y Return (annualized) | +14.56% | +21.17% | |
| 5Y Return (annualized) | - | +13.34% | |
| Volatility (annualized) | 13.3% | 14.1% | |
| Max Drawdown | -14.8% | -34.3% | |
| Fund Family | Neuberger Berman | Vanguard (US) | |
| Category | Commodity | Equity | |
| Inception | Oct 24, 2022 | Sep 7, 2010 |
NBCM vs VOO Performance
Neuberger Berman Commodity Strategy ETF (NBCM) is a ETF from Neuberger Berman and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year NBCM returned +38.79% while VOO returned +24.01%. Year to date, NBCM is up 25.40% versus a gain of 13.31% for VOO.
Over three years, NBCM compounded at +14.56% per year against +21.17% for VOO. Across the full 4-year window we track, VOO has the edge at +13.55% annualized vs +12.24%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.3% for NBCM. 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 -14.8% for NBCM 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 0.06. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NBCM charges 0.65% per year while VOO charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, NBCM currently yields 7.25% against 1.09% for VOO.
Holdings Overlap
NBCM and VOO share 0 holdings out of 592 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, NBCM or VOO?
NBCM has an expense ratio of 0.65% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, NBCM or VOO?
Over the past year NBCM returned +38.79% vs +24.01% for VOO, so NBCM leads on 1-year performance. Over the longest common window we track (4 years), NBCM annualized +12.24% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, NBCM or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 13.3% for NBCM. Worst drawdown: NBCM -14.8% vs VOO -34.3%.
Should I hold both NBCM and VOO?
NBCM and VOO have a monthly-return correlation of 0.06, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NBCM and VOO?
NBCM and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 592 unique securities.
Which pays a higher dividend, NBCM or VOO?
NBCM yields 7.25% while VOO yields 1.09%, so NBCM currently pays the higher dividend yield.
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