NBSD vs SPY
NBSD vs SPY
Neuberger Berman Short Duration Income 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 | NBSD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.09% | |
| AUM | $1.2B | $789.1B | |
| Dividend Yield | 4.79% | 1.01% | |
| Holdings | 880 | 505 | |
| YTD Return | +1.36% | +9.93% | |
| 1Y Return | +4.23% | +19.50% | |
| 3Y Return (annualized) | - | +19.33% | |
| 5Y Return (annualized) | - | +12.82% | |
| Volatility (annualized) | 2.1% | 15.3% | |
| Max Drawdown | -2.6% | -56.5% | |
| Fund Family | Neuberger Berman | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 24, 2024 | Jan 22, 1993 |
NBSD vs SPY Performance
Neuberger Berman Short Duration Income ETF (NBSD) 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 NBSD returned +4.23% while SPY returned +19.50%. Year to date, NBSD is up 1.36% versus a gain of 9.93% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 2.1% for NBSD. 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 -2.6% for NBSD 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 0.26. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NBSD charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, NBSD currently yields 4.79% against 1.01% for SPY.
Holdings Overlap
NBSD and SPY share 1 holdings out of 912 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in NBSD | Weight in SPY | Difference |
|---|---|---|---|
| GS | 0.20% | 0.48% | 0.28% |
Frequently Asked Questions
Which is cheaper, NBSD or SPY?
NBSD has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, NBSD or SPY?
Over the past year NBSD returned +4.23% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), NBSD annualized +5.49% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, NBSD or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 2.1% for NBSD. Worst drawdown: NBSD -2.6% vs SPY -56.5%.
Should I hold both NBSD and SPY?
NBSD and SPY have a monthly-return correlation of 0.26, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NBSD and SPY?
NBSD and SPY share 1 common holdings with a 0.2% weight overlap. Combined, they hold 912 unique securities.
Which pays a higher dividend, NBSD or SPY?
NBSD yields 4.79% while SPY yields 1.01%, so NBSD currently pays the higher dividend yield.
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