FPAS vs NBSD
FPA Short Duration Government ETF vs Neuberger Berman Short Duration Income ETF
Which is better, FPAS or NBSD?
NBSD has been ahead.
FPAS has a lower expense ratio. NBSD led over 1Y and the full window.
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 | FPAS | NBSD |
|---|---|---|
| Expense Ratio | 0.10%Best | 0.35% |
| AUM | $15M | $1.6B |
| Dividend Yield | 5.01% | 4.78% |
| Holdings | 10 | 2,234 |
| YTD Return | -4.88% | +1.11%Best |
| 1Y Return | -4.69% | +2.08%Best |
| Volatility (annualized) | 3.7% | 1.4%Best |
| Max Drawdown | -6.5% | -2.6%Best |
| $10,000 over 1.9 years | $10,156 | $10,829Best |
| Fund Family | FPA Investors First | Neuberger Berman |
| Category | Fixed Income | Fixed Income |
| Style | Short Term High Quality | Short Term High Quality |
| Inception | Oct 31, 2024 | Jun 24, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 1, 2024 to Oct 14, 2026 (1.9 years).
FPAS vs NBSD 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 1.9 years both funds cover.
FPAS vs NBSD Performance
FPA Short Duration Government ETF (FPAS) is an ETF from FPA Investors First and Neuberger Berman Short Duration Income ETF (NBSD) is an ETF from Neuberger Berman. Over the past year FPAS returned -4.69% while NBSD returned +2.08%. Year to date, FPAS is down 4.88% versus a gain of 1.11% for NBSD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FPAS has been the more volatile fund, with annualized monthly volatility of 3.7% compared with 1.4% 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 -6.5% for FPAS and -2.6% for NBSD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FPAS charges 0.10% per year while NBSD charges 0.35%. On a $10,000 position that is $10 vs $35 annually, a gap of $25 per year that compounds over a long holding period. On income, FPAS currently yields 5.01% against 4.78% for NBSD.
You are not choosing between two funds in isolation.
Whichever of FPAS and NBSD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FPAS or NBSD?
FPAS has an expense ratio of 0.10% while NBSD charges 0.35%. FPAS is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, FPAS or NBSD?
Over the past year FPAS returned -4.69% vs +2.08% for NBSD, so NBSD leads on 1-year performance. Over the longest common window we track (2 years), FPAS annualized +0.82% vs +4.28% for NBSD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FPAS or NBSD?
FPAS has been the more volatile fund at 3.7% annualized versus 1.4% for NBSD. Worst drawdown: FPAS -6.5% vs NBSD -2.6%.
Should I hold both FPAS and NBSD?
FPAS and NBSD have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FPAS or NBSD?
FPAS yields 5.01% while NBSD yields 4.78%, so FPAS currently pays the higher dividend yield.
Is NBSD better than FPAS?
FPAS has a lower expense ratio. NBSD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.