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NBDS vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NBDS vs. HDV

Last updated Aug 4, 2026
Documentation

NBDS (Neuberger Berman Disrupters ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - NBDS is a Technology Equities fund actively managed by Neuberger Berman, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. NBDS is actively managed, while HDV is passively managed. Over the past 3 years, NBDS returned 19.90%/yr vs 15.80%/yr for HDV. Their 0.21 correlation means their historical movements had little consistent relationship. NBDS charges 0.55%/yr vs 0.08%/yr for HDV.

Performance

NBDS vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Disrupters ETF (NBDS) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, NBDS achieves a 11.35% return, which is significantly lower than HDV's 19.66% return.

NBDS

1D
1.70%
1M
-3.47%
6M
17.42%
YTD
11.35%
1Y
17.77%
3Y*
19.90%
5Y*
—
10Y*
—
ALL TIME*
12.08%

HDV

1D
-0.31%
1M
2.46%
6M
10.00%
YTD
19.66%
1Y
25.24%
3Y*
15.80%
5Y*
12.13%
10Y*
9.57%
ALL TIME*
10.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

HDV

iShares Core High Dividend ETF
$168.30M$156.51M$108.57M

NBDS

Neuberger Berman Disrupters ETF
$3.41M$2.00M$2.54M

NBDS vs. HDV - Yearly Performance Comparison

2026 (YTD)2025202420232022
NBDS
Neuberger Berman Disrupters ETF		11.35%19.58%17.97%38.55%-24.78%
HDV
iShares Core High Dividend ETF		19.66%11.90%14.16%1.72%-0.62%

Correlation

The correlation between NBDS and HDV is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

-0.27

Correlation (3Y)
Balances recent behavior with more history.

-0.02

Correlation (All Time)
Calculated using the full available price history since Apr 7, 2022

0.21

The correlation between NBDS and HDV shifts across timeframes, from -0.27 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

NBDS vs. HDV - Sectors Allocation Comparison

Sectors
NBDS
HDV

Technology

60.3%
0.9%

Healthcare

15.5%
23.9%

Industrials

8.0%
2.8%

Financial Services

5.3%
4.7%

Consumer Cyclical

5.2%
9.3%

Communication Services

3.4%
5.2%

Utilities

2.3%
8.2%

Basic Materials

-

0.8%

Consumer Defensive

-

24.3%

Energy

-

19.8%

Real Estate

-

-

Technology

NBDS
60.3%
HDV
0.9%

Healthcare

NBDS
15.5%
HDV
23.9%

Industrials

NBDS
8.0%
HDV
2.8%

Financial Services

NBDS
5.3%
HDV
4.7%

Consumer Cyclical

NBDS
5.2%
HDV
9.3%

Communication Services

NBDS
3.4%
HDV
5.2%

Utilities

NBDS
2.3%
HDV
8.2%

Basic Materials

NBDS

-

HDV
0.8%

Consumer Defensive

NBDS

-

HDV
24.3%

Energy

NBDS

-

HDV
19.8%

Real Estate

NBDS

-

HDV

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Neuberger Berman Disrupters ETF

iShares Core High Dividend ETF

Often compared with NBDS:
NBDS vs. IGPTNBDS vs. THNQNBDS vs. AIQNBDS vs. NBSDNBDS vs. SCHGNBDS vs. IETCNBDS vs. TIME
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

NBDS vs. HDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
NBDS
NBDS Risk / Return Rank: 2626
Overall Rank
NBDS Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
NBDS Sortino Ratio Rank: 2727
Sortino Ratio Rank
NBDS Omega Ratio Rank: 2626
Omega Ratio Rank
NBDS Calmar Ratio Rank: 2424
Calmar Ratio Rank
NBDS Martin Ratio Rank: 2424
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 9191
Overall Rank
HDV Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 9393
Sortino Ratio Rank
HDV Omega Ratio Rank: 8989
Omega Ratio Rank
HDV Calmar Ratio Rank: 9494
Calmar Ratio Rank
HDV Martin Ratio Rank: 8888
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NBDS vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Disrupters ETF (NBDS) and iShares Core High Dividend ETF (HDV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

NBDSHDVDifference
Sharpe ratioReturn per unit of total volatility
0.64
2.34

-1.70

Sortino ratioReturn per unit of downside risk
1.04
3.53

-2.49

Omega ratioGain probability vs. loss probability

1.13

1.41

-0.28

Calmar ratioReturn relative to maximum drawdown

0.75

4.90

-4.15

Martin ratioReturn relative to average drawdown

1.90

13.39

-11.49

NBDS vs. HDV - Sharpe Ratio Comparison

The current NBDS Sharpe Ratio is 0.64, which is lower than the HDV Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of NBDS and HDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

NBDS vs. HDV - Drawdown Comparison

The maximum NBDS drawdown since its inception was -29.93%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for NBDS and HDV.

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Drawdown Indicators

NBDSHDVDifference

Max Drawdown

Largest peak-to-trough decline

-29.93%

-37.04%

+7.11%

Max Drawdown (1Y)

Largest decline over 1 year

-23.96%

-5.18%

-18.78%

Max Drawdown (3Y)

Largest decline over 3 years

-28.51%

-10.49%

-18.02%

Max Drawdown (5Y)

Largest decline over 5 years

—

-15.42%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.04%

—

Current Drawdown

Current decline from peak

-7.02%

-1.72%

-5.30%

Average Drawdown

Average peak-to-trough decline

-9.37%

-3.06%

-6.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.39%

1.89%

+7.50%

Volatility

NBDS vs. HDV - Volatility Comparison

Neuberger Berman Disrupters ETF (NBDS) has a higher volatility of 9.10% compared to iShares Core High Dividend ETF (HDV) at 4.52%. This indicates that NBDS's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NBDSHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.10%

4.52%

+4.58%

Volatility (6M)

Calculated over the trailing 6-month period

23.22%

8.66%

+14.56%

Volatility (1Y)

Calculated over the trailing 1-year period

27.92%

10.83%

+17.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.03%

12.95%

+15.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.03%

15.79%

+12.24%

NBDS vs. HDV - Expense Ratio Comparison

NBDS has a 0.55% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

NBDS vs. HDV - Dividend Comparison

NBDS's dividend yield for the trailing twelve months is around 0.34%, less than HDV's 3.08% yield.

PositionTTM20252024202320222021202020192018201720162015
HDV
iShares Core High Dividend ETF		3.08%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%
NBDS
Neuberger Berman Disrupters ETF		0.34%0.38%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

NBDS and HDV have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NBDS has higher volatility (9.10%) compared to HDV (4.52%). In terms of maximum drawdown, NBDS dropped -29.93% vs HDV's -37.04%.

On 3-year performance, NBDS leads with 19.90% vs 15.80% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, NBDS has performed better with a 19.90% return vs 15.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

HDV is cheaper with a 0.08% expense ratio, compared with 0.55% for NBDS.

HDV has the higher dividend yield at 3.08%, compared with 0.34% for NBDS.

NBDS is categorized as Technology Equities, while HDV is Dividend. They also come from different issuers: Neuberger Berman and iShares. Their fees differ too: 0.55% for NBDS and 0.08% for HDV.

HDV currently has the higher Sharpe Ratio (2.34 vs 0.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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