IWB vs NBCR
iShares Russell 1000 ETF vs Neuberger Berman Core Equity ETF
Which is better, IWB or NBCR?
Nearly the same fund. IWB costs less.
IWB has a lower expense ratio. IWB led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. IWB is less concentrated, with 36.0% of the fund in its ten largest positions against 36.9%.
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 | IWB | NBCR |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.29% |
| AUM | $49.5B | $856M |
| Dividend Yield | 0.92% | 0.42% |
| Holdings | 1,023 | 206 |
| YTD Return | +12.91%Best | +8.54% |
| 1Y Return | +16.56%Best | +12.11% |
| 3Y Return (annualized) | +21.96% | - |
| 5Y Return (annualized) | +12.34% | - |
| Volatility (annualized) | 12.3% | 12.2%Best |
| Max Drawdown | -19.1% | -18.2%Best |
| $10,000 over 2.2 years | $14,449Best | $13,791 |
| Top 10 Weight | 36.0%Best | 36.9% |
| Fund Family | iShares by BlackRock (US) | Neuberger Berman |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Jul 31, 2024 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Aug 1, 2024 to Oct 14, 2026 (2.2 years).
IWB vs NBCR 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 2.2 years both funds cover.
IWB vs NBCR Performance
iShares Russell 1000 ETF (IWB) is an ETF from iShares by BlackRock (US) and Neuberger Berman Core Equity ETF (NBCR) is an ETF from Neuberger Berman. Over the past year IWB returned +16.56% while NBCR returned +12.11%. Year to date, IWB is up 12.91% versus a gain of 8.54% for NBCR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWB has been the more volatile fund, with annualized monthly volatility of 12.3% compared with 12.2% for NBCR. 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 -19.1% for IWB and -18.2% for NBCR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWB charges 0.15% per year while NBCR charges 0.29%. On a $10,000 position that is $15 vs $29 annually, a gap of $14 per year that compounds over a long holding period. On income, IWB currently yields 0.92% against 0.42% for NBCR.
Holdings Overlap
66.8% of IWB's money is in holdings NBCR also owns. 93.8% of NBCR's money is in holdings IWB also owns.
Most of NBCR is already inside IWB. Owning both mostly buys the same companies twice.
182 positions in common, counted across the 1,024 positions we hold weights for in IWB and 203 in NBCR, against full books of 1,023 and 206.
What only one of them owns
Our book lists 12 positions for NBCR that do not appear in our book for IWB (3.7% of the fund), and 730 for IWB that do not appear in NBCR (32.2%).
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 IWB | Weight in NBCR | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.63% | 7.72% | 0.09% |
| AAPLApple, Inc | 6.77% | 6.95% | 0.18% |
| MSFTMicrosoft Corp | 5.40% | 6.03% | 0.63% |
| AMZNAmazon.Com Inc | 3.41% | 3.51% | 0.10% |
| GOOGLAlphabet Inc | 2.79% | 3.10% | 0.31% |
| GOOGAlphabet Inc. C | 2.26% | 2.31% | 0.05% |
| METAMeta Platforms Inc | 2.26% | 2.26% | 0.00% |
| AVGOBroadcom Inc | 2.26% | 1.83% | 0.43% |
| MUMicron Technology, Inc. | 1.75% | 1.48% | 0.27% |
| TSLATesla Inc | 1.47% | 1.55% | 0.08% |
93.8% of NBCR is already inside IWB.
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, IWB or NBCR?
IWB has an expense ratio of 0.15% while NBCR charges 0.29%. IWB is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, IWB or NBCR?
Over the past year IWB returned +16.56% vs +12.11% for NBCR, so IWB leads on 1-year performance. Over the longest common window we track (2 years), IWB annualized +18.21% vs +15.73% for NBCR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWB or NBCR?
IWB has been the more volatile fund at 12.3% annualized versus 12.2% for NBCR. Worst drawdown: IWB -19.1% vs NBCR -18.2%.
Should I hold both IWB and NBCR?
IWB and NBCR have a monthly-return correlation of 0.99, 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 IWB and NBCR?
93.8% of NBCR's money is in holdings IWB also owns. 93.8% of NBCR's is in holdings IWB also owns. They hold 182 positions in common, counted across the 1,024 positions we hold weights for in IWB and 203 in NBCR.
Which pays a higher dividend, IWB or NBCR?
IWB yields 0.92% while NBCR yields 0.42%, so IWB currently pays the higher dividend yield.
Is NBCR better than IWB?
IWB has a lower expense ratio. IWB led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. IWB is less concentrated, with 36.0% of the fund in its ten largest positions against 36.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.