NBGX vs. AVUS

Last updated Jun 23, 2026

NBGX (Neuberger Growth ETF) and AVUS (Avantis U.S. Equity ETF) are both exchange-traded funds - NBGX is a Large Cap Growth Equities fund actively managed by Neuberger, while AVUS is a Large Cap Blend Equities fund actively managed by Avantis. Both are actively managed. Over the past year, NBGX returned 17.99% vs 32.84% for AVUS. Their correlation of 0.85 suggests significant overlap in exposure. NBGX charges 0.44%/yr vs 0.15%/yr for AVUS.

Performance

NBGX vs. AVUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Growth ETF (NBGX) and Avantis U.S. Equity ETF (AVUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBGX achieves a 3.93% return, which is significantly lower than AVUS's 14.87% return.

NBGX

• 1D: -1.22%
• 1M: -1.16%
• YTD: 3.93%
• 6M: 4.10%
• 1Y: 17.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVUS

• 1D: 0.11%
• 1M: 1.87%
• YTD: 14.87%
• 6M: 14.04%
• 1Y: 32.84%
• 3Y*: 22.02%
• 5Y*: 13.28%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NBGX vs. AVUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NBGX Neuberger Growth ETF	3.93%	16.40%	-1.22%
AVUS Avantis U.S. Equity ETF	14.87%	16.68%	0.37%

Correlation

The correlation between NBGX and AVUS is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024	0.85

The correlation between NBGX and AVUS has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.

Return for Risk

NBGX vs. AVUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NBGX

NBGX Risk / Return Rank: 32
NBGX Sharpe Ratio Rank: 35
NBGX Sortino Ratio Rank: 34
NBGX Omega Ratio Rank: 34
NBGX Calmar Ratio Rank: 26
NBGX Martin Ratio Rank: 30

AVUS

AVUS Risk / Return Rank: 84
AVUS Sharpe Ratio Rank: 84
AVUS Sortino Ratio Rank: 83
AVUS Omega Ratio Rank: 82
AVUS Calmar Ratio Rank: 83
AVUS Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NBGX vs. AVUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Growth ETF (NBGX) and Avantis U.S. Equity ETF (AVUS). 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.

	NBGX	AVUS	Difference
Sharpe ratio: Return per unit of total volatility	1.23	2.61	-1.39
Sortino ratio: Return per unit of downside risk	1.74	3.51	-1.77
Omega ratio: Gain probability vs. loss probability	1.22	1.47	-0.25
Calmar ratio: Return relative to maximum drawdown	1.22	4.20	-2.99
Martin ratio: Return relative to average drawdown	4.13	18.77	-14.64

NBGX vs. AVUS - Sharpe Ratio Comparison

The current NBGX Sharpe Ratio is 1.23, which is lower than the AVUS Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of NBGX and AVUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NBGX vs. AVUS - Drawdown Comparison

The maximum NBGX drawdown since its inception was -21.55%, smaller than the maximum AVUS drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for NBGX and AVUS.

Drawdown Indicators

	NBGX	AVUS	Difference
Max Drawdown Largest peak-to-trough decline	-21.55%	-37.04%	+15.49%
Max Drawdown (1Y) Largest decline over 1 year	-14.86%	-7.85%	-7.01%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.19%	—
Current Drawdown Current decline from peak	-2.96%	-0.51%	-2.45%
Average Drawdown Average peak-to-trough decline	-3.89%	-5.06%	+1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	1.75%	+2.62%

Volatility

NBGX vs. AVUS - Volatility Comparison

Neuberger Growth ETF (NBGX) has a higher volatility of 5.12% compared to Avantis U.S. Equity ETF (AVUS) at 4.50%. This indicates that NBGX's price experiences larger fluctuations and is considered to be riskier than AVUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBGX	AVUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.12%	4.50%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	11.51%	9.72%	+1.79%
Volatility (1Y) Calculated over the trailing 1-year period	14.78%	12.66%	+2.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.04%	17.35%	+2.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.04%	20.83%	-0.79%

NBGX vs. AVUS - Expense Ratio Comparison

NBGX has a 0.44% expense ratio, which is higher than AVUS's 0.15% expense ratio.

Dividends

NBGX vs. AVUS - Dividend Comparison

NBGX's dividend yield for the trailing twelve months is around 0.39%, less than AVUS's 1.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVUS Avantis U.S. Equity ETF	1.17%	1.08%	1.27%	1.41%	1.59%	1.08%	1.19%	0.35%
NBGX Neuberger Growth ETF	0.39%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NBGX and AVUS in my portfolio?

NBGX and AVUS have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NBGX or AVUS?

NBGX has higher volatility (5.12%) compared to AVUS (4.50%). In terms of maximum drawdown, NBGX dropped -21.55% vs AVUS's -37.04%.

Which ETF is better, NBGX or AVUS?

On 1-year performance, AVUS leads with 32.84% vs 17.99% for NBGX. On fees, AVUS is cheaper at 0.15% per year. On volatility, AVUS has been the lower-risk option at 4.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NBGX or AVUS?

Over the 1-year period, AVUS has performed better with a 32.84% return vs 17.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NBGX or AVUS?

AVUS is cheaper with a 0.15% expense ratio, compared with 0.44% for NBGX.

Which ETF pays a higher dividend yield, NBGX or AVUS?

AVUS has the higher dividend yield at 1.17%, compared with 0.39% for NBGX.

What is the main difference between NBGX and AVUS?

NBGX is categorized as Large Cap Growth Equities, while AVUS is Large Cap Blend Equities. They also come from different issuers: Neuberger and Avantis. Their fees differ too: 0.44% for NBGX and 0.15% for AVUS.

Which has better risk-adjusted returns?

AVUS currently has the higher Sharpe Ratio (2.61 vs 1.23), 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.