FSST vs NBDS
Fidelity Sustainable US Equity ETF vs Neuberger Berman Disrupters ETF
Which is better, FSST or NBDS?
FSST has been ahead.
NBDS has a lower expense ratio. FSST led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. FSST is less concentrated, with 43.8% 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 | FSST | NBDS |
|---|---|---|
| Expense Ratio | 0.59% | 0.40%Best |
| AUM | $13M | $183M |
| Dividend Yield | 1.55% | 0.33% |
| Holdings | 90 | 32 |
| Volatility (annualized) | 17.1%Best | 22.4% |
| Max Drawdown | -22.4%Best | -29.8% |
| $10,000 over 3.6 years | $15,487Best | $14,812 |
| Top 10 Weight | 43.8%Best | 46.6% |
| Fund Family | Fidelity Investments (US) | Neuberger Berman |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 15, 2021 | Apr 6, 2022 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 335 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FSST has data through Nov 13, 2025 and NBDS through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 3.6 years row, are measured over the window both funds cover: Apr 7, 2022 to Nov 13, 2025 (3.6 years).
Risk: Volatility and Drawdowns
NBDS has been the more volatile fund, with annualized monthly volatility of 22.4% compared with 17.1% for FSST. 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 -22.4% for FSST 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FSST charges 0.59% per year while NBDS charges 0.40%. On a $10,000 position that is $59 vs $40 annually, a gap of $19 per year that compounds over a long holding period. On income, FSST currently yields 1.55% against 0.33% for NBDS.
Holdings Overlap
15.9% of FSST's money is in holdings NBDS also owns. 21.7% of NBDS's money is in holdings FSST also owns.
NBDS and FSST share little of their money.
The two holdings books were reported 411 days apart, FSST as of Jul 31, 2025 and NBDS as of Sep 15, 2026, so some of the difference between them is the time between the two reports rather than the funds.
6 positions in common, counted across the 94 positions we hold weights for in FSST and 32 in NBDS, against full books of 90 and 32.
What only one of them owns
Our book lists 22 positions for NBDS that do not appear in our book for FSST (61.9% of the fund), and 82 for FSST that do not appear in NBDS (80.3%).
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.
21.7% of NBDS is already inside FSST.
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, FSST or NBDS?
FSST has an expense ratio of 0.59% while NBDS charges 0.40%. NBDS is the cheaper option, by $19 a year on a $10,000 investment.
Which is riskier, FSST or NBDS?
NBDS has been the more volatile fund at 22.4% annualized versus 17.1% for FSST. Worst drawdown: FSST -22.4% vs NBDS -29.8%.
Should I hold both FSST and NBDS?
FSST and NBDS have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FSST and NBDS?
21.7% of NBDS's money is in holdings FSST also owns. 21.7% of NBDS's is in holdings FSST also owns. They hold 6 positions in common, counted across the 94 positions we hold weights for in FSST and 32 in NBDS.
Which pays a higher dividend, FSST or NBDS?
FSST yields 1.55% while NBDS yields 0.33%, so FSST currently pays the higher dividend yield.
Is NBDS better than FSST?
NBDS has a lower expense ratio. FSST led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. FSST is less concentrated, with 43.8% 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.