NBDS vs TSPA
Neuberger Berman Disrupters ETF vs T Rowe Price US Equity Research ETF
Which is better, NBDS or TSPA?
TSPA has been ahead.
TSPA has a lower expense ratio. TSPA led over 1Y, 3Y and the full window. TSPA is less concentrated, with 38.1% 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 | NBDS | TSPA |
|---|---|---|
| Expense Ratio | 0.40% | 0.34%Best |
| AUM | $183M | $4.7B |
| Dividend Yield | 0.33% | 0.55% |
| Holdings | 32 | 330 |
| YTD Return | +11.35% | +13.26%Best |
| 1Y Return | +9.23% | +17.33%Best |
| 3Y Return (annualized) | +21.50% | +22.25%Best |
| 5Y Return (annualized) | - | +13.59% |
| Volatility (annualized) | 23.4% | 15.1%Best |
| Max Drawdown | -29.8% | -19.9%Best |
| $10,000 over 4.5 years | $16,400 | $18,530Best |
| Top 10 Weight | 46.6% | 38.1%Best |
| Fund Family | Neuberger Berman | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 6, 2022 | Jun 8, 2021 |
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).
NBDS vs TSPA 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.
NBDS vs TSPA Performance
Neuberger Berman Disrupters ETF (NBDS) is an ETF from Neuberger Berman and T Rowe Price US Equity Research ETF (TSPA) is an ETF from T.Rowe Price. Over the past year NBDS returned +9.23% while TSPA returned +17.33%. Year to date, NBDS is up 11.35% versus a gain of 13.26% for TSPA.
Over three years, NBDS compounded at +21.50% per year against +22.25% for TSPA.
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 15.1% for TSPA. 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 -29.8% for NBDS and -19.9% for TSPA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NBDS charges 0.40% per year while TSPA charges 0.34%. On a $10,000 position that is $40 vs $34 annually, a gap of $6 per year that compounds over a long holding period. On income, NBDS currently yields 0.33% against 0.55% for TSPA.
Holdings Overlap
58.5% of NBDS's money is in holdings TSPA also owns. 19.3% of TSPA's money is in holdings NBDS also owns.
The two portfolios partly overlap.
19 positions in common, counted across the 32 positions we hold weights for in NBDS and 326 in TSPA, against full books of 32 and 330.
What only one of them owns
Our book lists 297 positions for TSPA that do not appear in our book for NBDS (79.2% of the fund), and 10 for NBDS that do not appear in TSPA (28.4%).
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 NBDS | Weight in TSPA | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.46% | 8.18% | 0.72% |
| AMDAdvanced Micro Devices Inc | 5.41% | 1.29% | 4.12% |
| AMZNAmazon.Com Inc | 2.69% | 3.93% | 1.24% |
| AVGOBroadcom Inc | 2.82% | 2.64% | 0.18% |
| CEGConstellation Energy Corporation Com | 4.05% | 0.08% | 3.97% |
| HOODRobinhood Markets Inc - A | 3.92% | 0.09% | 3.83% |
| MPWRMonolithic Power Systems Inc | 3.57% | 0.12% | 3.45% |
| SHOP:CAShopify Inc | 3.30% | 0.07% | 3.23% |
| NOWServicenow, Inc. | 2.97% | 0.32% | 2.65% |
| TSLATesla Inc | 1.57% | 1.48% | 0.09% |
58.5% of NBDS is already inside TSPA.
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, NBDS or TSPA?
NBDS has an expense ratio of 0.40% while TSPA charges 0.34%. TSPA is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, NBDS or TSPA?
Over the past year NBDS returned +9.23% vs +17.33% for TSPA, so TSPA leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NBDS or TSPA?
NBDS has been the more volatile fund at 23.4% annualized versus 15.1% for TSPA. Worst drawdown: NBDS -29.8% vs TSPA -19.9%.
Should I hold both NBDS and TSPA?
NBDS and TSPA have a monthly-return correlation of 0.88, 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 NBDS and TSPA?
58.5% of NBDS's money is in holdings TSPA also owns. 19.3% of TSPA's is in holdings NBDS also owns. They hold 19 positions in common, counted across the 32 positions we hold weights for in NBDS and 326 in TSPA.
Which pays a higher dividend, NBDS or TSPA?
NBDS yields 0.33% while TSPA yields 0.55%, so TSPA currently pays the higher dividend yield.
Is TSPA better than NBDS?
TSPA has a lower expense ratio. TSPA led over 1Y, 3Y and the full window. TSPA is less concentrated, with 38.1% 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.