NBGX vs. OUSA

Last updated Aug 5, 2026

NBGX (Neuberger Growth ETF) and OUSA (OShares U.S. Quality Dividend ETF) are both exchange-traded funds - NBGX is a Large Cap Growth Equities fund actively managed by Neuberger, while OUSA is a Quality Factor fund tracking the O'Shares US Quality Dividend Index. NBGX is actively managed, while OUSA is passively managed. Over the past year, NBGX returned 11.91% vs 16.10% for OUSA. Their 0.49 correlation means their historical movements had little consistent relationship. NBGX charges 0.44%/yr vs 0.48%/yr for OUSA.

Performance

NBGX vs. OUSA - Performance Comparison

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

Returns By Period

In the year-to-date period, NBGX achieves a 7.30% return, which is significantly lower than OUSA's 8.45% return.

NBGX

• 1D: 2.05%
• 1M: 3.11%
• 6M: 10.21%
• YTD: 7.30%
• 1Y: 11.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.81%

OUSA

• 1D: 1.27%
• 1M: 3.71%
• 6M: 5.67%
• YTD: 8.45%
• 1Y: 16.10%
• 3Y*: 14.04%
• 5Y*: 9.18%
• 10Y*: 10.54%
• ALL TIME*: 10.85%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NBGX Neuberger Growth ETF	$12.98K	$18.90K	$15.31K
OUSA OShares U.S. Quality Dividend ETF	$880.04K	$1.30M	$1.44M

NBGX vs. OUSA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NBGX Neuberger Growth ETF	7.30%	16.40%	-1.22%
OUSA OShares U.S. Quality Dividend ETF	8.45%	10.23%	0.12%

Correlation

The correlation between NBGX and OUSA is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024	0.49

Return for Risk

NBGX vs. OUSA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NBGX

NBGX Risk / Return Rank: 27
NBGX Sharpe Ratio Rank: 29
NBGX Sortino Ratio Rank: 28
NBGX Omega Ratio Rank: 27
NBGX Calmar Ratio Rank: 24
NBGX Martin Ratio Rank: 28

OUSA

OUSA Risk / Return Rank: 56
OUSA Sharpe Ratio Rank: 59
OUSA Sortino Ratio Rank: 64
OUSA Omega Ratio Rank: 57
OUSA Calmar Ratio Rank: 48
OUSA Martin Ratio Rank: 52

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.

NBGX vs. OUSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Growth ETF (NBGX) and OShares U.S. Quality Dividend ETF (OUSA). 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	OUSA	Difference
Sharpe ratio: Return per unit of total volatility	0.78	1.58	-0.80
Sortino ratio: Return per unit of downside risk	1.18	2.40	-1.22
Omega ratio: Gain probability vs. loss probability	1.14	1.28	-0.14
Calmar ratio: Return relative to maximum drawdown	0.80	1.93	-1.13
Martin ratio: Return relative to average drawdown	2.63	6.75	-4.12

NBGX vs. OUSA - Sharpe Ratio Comparison

The current NBGX Sharpe Ratio is 0.78, which is lower than the OUSA Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of NBGX and OUSA, 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. OUSA - Drawdown Comparison

The maximum NBGX drawdown since its inception was -21.55%, smaller than the maximum OUSA drawdown of -33.12%. Use the drawdown chart below to compare losses from any high point for NBGX and OUSA.

Drawdown Indicators

	NBGX	OUSA	Difference
Max Drawdown Largest peak-to-trough decline	-21.55%	-33.12%	+11.57%
Max Drawdown (1Y) Largest decline over 1 year	-14.86%	-8.36%	-6.50%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.54%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.12%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.84%	-3.50%	-0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.53%	2.39%	+2.14%

Volatility

NBGX vs. OUSA - Volatility Comparison

Neuberger Growth ETF (NBGX) has a higher volatility of 5.37% compared to OShares U.S. Quality Dividend ETF (OUSA) at 3.81%. This indicates that NBGX's price experiences larger fluctuations and is considered to be riskier than OUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBGX	OUSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.37%	3.81%	+1.56%
Volatility (6M) Calculated over the trailing 6-month period	12.37%	8.12%	+4.25%
Volatility (1Y) Calculated over the trailing 1-year period	15.46%	10.31%	+5.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.86%	13.39%	+6.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.86%	15.20%	+4.66%

NBGX vs. OUSA - Expense Ratio Comparison

NBGX has a 0.44% expense ratio, which is lower than OUSA's 0.48% expense ratio.

Dividends

NBGX vs. OUSA - Dividend Comparison

NBGX's dividend yield for the trailing twelve months is around 0.38%, less than OUSA's 1.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NBGX Neuberger Growth ETF	0.38%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OUSA OShares U.S. Quality Dividend ETF	1.33%	1.39%	1.50%	1.81%	1.92%	1.56%	2.03%	2.31%	3.06%	2.15%	2.32%	1.17%

Frequently Asked Questions

Can I hold both NBGX and OUSA in my portfolio?

NBGX and OUSA have a correlation of 0.42, 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 OUSA?

NBGX has higher volatility (5.37%) compared to OUSA (3.81%). In terms of maximum drawdown, NBGX dropped -21.55% vs OUSA's -33.12%.

Which ETF is better, NBGX or OUSA?

On 1-year performance, OUSA leads with 16.10% vs 11.91% for NBGX. On fees, NBGX is cheaper at 0.44% per year. On volatility, OUSA has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NBGX or OUSA?

Over the 1-year period, OUSA has performed better with a 16.10% return vs 11.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NBGX or OUSA?

NBGX is cheaper with a 0.44% expense ratio, compared with 0.48% for OUSA.

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

OUSA has the higher dividend yield at 1.33%, compared with 0.38% for NBGX.

What is the main difference between NBGX and OUSA?

NBGX is categorized as Large Cap Growth Equities, while OUSA is Quality Factor. They also come from different issuers: Neuberger and O'Shares Investments. Their fees differ too: 0.44% for NBGX and 0.48% for OUSA.

Which has better risk-adjusted returns?

OUSA currently has the higher Sharpe Ratio (1.58 vs 0.78), 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.