NBCR vs QQQ
Neuberger Berman Core Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, NBCR or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. NBCR is less concentrated, with 36.9% of the fund in its ten largest positions against 46.7%.
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 | NBCR | QQQ |
|---|---|---|
| Expense Ratio | 0.29% | 0.18%Best |
| AUM | $856M | $506.1B |
| Dividend Yield | 0.42% | 0.42% |
| Holdings | 206 | 321 |
| YTD Return | +8.54% | +19.30%Best |
| 1Y Return | +12.11% | +22.47%Best |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 12.2%Best | 17.9% |
| Max Drawdown | -18.2%Best | -22.8% |
| $10,000 over 2.2 years | $13,791 | $16,038Best |
| Top 10 Weight | 36.9%Best | 46.7% |
| Fund Family | Neuberger Berman | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jul 31, 2024 | Mar 10, 1999 |
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).
NBCR vs QQQ 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.
NBCR vs QQQ Performance
Neuberger Berman Core Equity ETF (NBCR) is an ETF from Neuberger Berman and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year NBCR returned +12.11% while QQQ returned +22.47%. Year to date, NBCR is up 8.54% versus a gain of 19.30% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.9% 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 -18.2% for NBCR and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NBCR charges 0.29% per year while QQQ charges 0.18%. On a $10,000 position that is $29 vs $18 annually, a gap of $11 per year that compounds over a long holding period. On income, NBCR currently yields 0.42% against 0.42% for QQQ.
Holdings Overlap
49.6% of NBCR's money is in holdings QQQ also owns. 68.0% of QQQ's money is in holdings NBCR also owns.
The two portfolios partly overlap.
39 positions in common, counted across the 203 positions we hold weights for in NBCR and 101 in QQQ, against full books of 206 and 321.
What only one of them owns
Our book lists 53 positions for QQQ that do not appear in our book for NBCR (28.3% of the fund), and 155 for NBCR that do not appear in QQQ (48.4%).
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 NBCR | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.72% | 8.33% | 0.61% |
| AAPLApple, Inc | 6.95% | 7.35% | 0.40% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.03% | 5.76% | 0.27% |
| AMZNAmazon.Com Inc | 3.51% | 4.07% | 0.56% |
| MUMicron Technology, Inc. | 1.48% | 5.02% | 3.54% |
| GOOGLAlphabet Inc-cl A | 3.10% | 3.05% | 0.05% |
| AMDAdvanced Micro Devices Inc. | 1.49% | 4.17% | 2.68% |
| METAMeta Platform Inc | 2.26% | 3.26% | 1.00% |
| GOOGAlphabet, Inc.- Cl C | 2.31% | 2.85% | 0.54% |
| TSLATesla Motors Inc | 1.55% | 2.82% | 1.27% |
68.0% of QQQ is already inside NBCR.
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, NBCR or QQQ?
NBCR has an expense ratio of 0.29% while QQQ charges 0.18%. QQQ is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, NBCR or QQQ?
Over the past year NBCR returned +12.11% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), NBCR annualized +15.73% vs +23.95% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NBCR or QQQ?
QQQ has been the more volatile fund at 17.9% annualized versus 12.2% for NBCR. Worst drawdown: NBCR -18.2% vs QQQ -22.8%.
Should I hold both NBCR and QQQ?
NBCR and QQQ have a monthly-return correlation of 0.85, 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 NBCR and QQQ?
68.0% of QQQ's money is in holdings NBCR also owns. 68.0% of QQQ's is in holdings NBCR also owns. They hold 39 positions in common, counted across the 203 positions we hold weights for in NBCR and 101 in QQQ.
Which pays a higher dividend, NBCR or QQQ?
NBCR yields 0.42% while QQQ yields 0.42%, so NBCR currently pays the higher dividend yield.
Is QQQ better than NBCR?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. NBCR is less concentrated, with 36.9% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.