DFUS vs NBDS
Dimensional US Equity Market ETF vs Neuberger Berman Disrupters ETF
Which is better, DFUS or NBDS?
DFUS has been ahead.
DFUS has a lower expense ratio. DFUS led over 1Y, 3Y and the full window. DFUS is less concentrated, with 35.2% of the fund in its ten largest positions against 46.6%.
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 | DFUS | NBDS |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.40% |
| AUM | $21.6B | $183M |
| Dividend Yield | 0.87% | 0.33% |
| Holdings | 2,253 | 32 |
| YTD Return | +13.39%Best | +11.35% |
| 1Y Return | +17.12%Best | +9.23% |
| 3Y Return (annualized) | +22.25%Best | +21.50% |
| 5Y Return (annualized) | +12.82% | - |
| Volatility (annualized) | 15.2%Best | 23.4% |
| Max Drawdown | -19.4%Best | -29.8% |
| $10,000 over 4.5 years | $18,176Best | $16,400 |
| Top 10 Weight | 35.2%Best | 46.6% |
| Fund Family | Dimensional | Neuberger Berman |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 25, 2001 | Apr 6, 2022 |
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Apr 7, 2022 to Oct 14, 2026 (4.5 years).
DFUS vs NBDS 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 covers the 4.5 years both funds cover.
DFUS vs NBDS Performance
Dimensional US Equity Market ETF (DFUS) is an ETF from Dimensional and Neuberger Berman Disrupters ETF (NBDS) is an ETF from Neuberger Berman. Over the past year DFUS returned +17.12% while NBDS returned +9.23%. Year to date, DFUS is up 13.39% versus a gain of 11.35% for NBDS.
Over three years, DFUS compounded at +22.25% per year against +21.50% for NBDS.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NBDS has been the more volatile fund, with annualized monthly volatility of 23.4% compared with 15.2% for DFUS. 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 -19.4% for DFUS and -29.8% for NBDS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFUS charges 0.09% per year while NBDS charges 0.40%. On a $10,000 position that is $9 vs $40 annually, a gap of $31 per year that compounds over a long holding period. On income, DFUS currently yields 0.87% against 0.33% for NBDS.
Holdings Overlap
17.5% of DFUS's money is in holdings NBDS also owns. 73.4% of NBDS's money is in holdings DFUS also owns.
Most of NBDS is already inside DFUS. Owning both mostly buys the same companies twice.
24 positions in common, counted across the 2,226 positions we hold weights for in DFUS and 32 in NBDS, against full books of 2,253 and 32.
What only one of them owns
Our book lists 4 positions for NBDS that do not appear in our book for DFUS (10.3% of the fund), and 959 for DFUS that do not appear in NBDS (80.2%).
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 DFUS | Weight in NBDS | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.11% | 7.46% | 0.35% |
| AMDAdvanced Micro Devices Inc | 1.19% | 5.41% | 4.22% |
| AMZNAmazon.Com Inc | 3.56% | 2.69% | 0.87% |
| AVGOBroadcom Inc | 2.38% | 2.82% | 0.44% |
| SNOWSnowflake Inc | 0.15% | 4.80% | 4.65% |
| CEGConstellation Energy Corporation Com | 0.12% | 4.05% | 3.93% |
| HOODRobinhood Markets Inc - A | 0.12% | 3.92% | 3.80% |
| GKOSGlaukos Corp. | 0.00% | 3.88% | 3.88% |
| MPWRMonolithic Power Systems Inc | 0.08% | 3.57% | 3.49% |
| NOWServicenow, Inc. | 0.14% | 2.97% | 2.83% |
73.4% of NBDS is already inside DFUS.
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, DFUS or NBDS?
DFUS has an expense ratio of 0.09% while NBDS charges 0.40%. DFUS is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, DFUS or NBDS?
Over the past year DFUS returned +17.12% vs +9.23% for NBDS, so DFUS leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFUS or NBDS?
NBDS has been the more volatile fund at 23.4% annualized versus 15.2% for DFUS. Worst drawdown: DFUS -19.4% vs NBDS -29.8%.
Should I hold both DFUS and NBDS?
DFUS and NBDS have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DFUS and NBDS?
73.4% of NBDS's money is in holdings DFUS also owns. 73.4% of NBDS's is in holdings DFUS also owns. They hold 24 positions in common, counted across the 2,226 positions we hold weights for in DFUS and 32 in NBDS.
Which pays a higher dividend, DFUS or NBDS?
DFUS yields 0.87% while NBDS yields 0.33%, so DFUS currently pays the higher dividend yield.
Is NBDS better than DFUS?
DFUS has a lower expense ratio. DFUS led over 1Y, 3Y and the full window. DFUS is less concentrated, with 35.2% of the fund in its ten largest positions against 46.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.