Correlation
The correlation between NBOS and SPY is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
NBOS vs. SPY
Compare and contrast key facts about Neuberger Berman Option Strategy ETF (NBOS) and SPDR S&P 500 ETF (SPY).
NBOS and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NBOS is an actively managed fund by Neuberger Berman. It was launched on Sep 16, 2016. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NBOS or SPY.
Performance
NBOS vs. SPY - Performance Comparison
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Key characteristics
NBOS:
0.58
SPY:
0.70
NBOS:
0.78
SPY:
1.02
NBOS:
1.13
SPY:
1.15
NBOS:
0.53
SPY:
0.68
NBOS:
2.18
SPY:
2.57
NBOS:
3.09%
SPY:
4.93%
NBOS:
12.81%
SPY:
20.42%
NBOS:
-12.66%
SPY:
-55.19%
NBOS:
-3.54%
SPY:
-3.55%
Returns By Period
In the year-to-date period, NBOS achieves a -0.19% return, which is significantly lower than SPY's 0.87% return.
NBOS
-0.19%
2.10%
-0.90%
6.70%
N/A
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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NBOS vs. SPY - Expense Ratio Comparison
NBOS has a 0.56% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
NBOS vs. SPY — Risk-Adjusted Performance Rank
NBOS
SPY
NBOS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Option Strategy ETF (NBOS) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
NBOS vs. SPY - Dividend Comparison
NBOS's dividend yield for the trailing twelve months is around 9.08%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NBOS Neuberger Berman Option Strategy ETF | 9.08% | 7.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NBOS vs. SPY - Drawdown Comparison
The maximum NBOS drawdown since its inception was -12.66%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NBOS and SPY.
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Volatility
NBOS vs. SPY - Volatility Comparison
The current volatility for Neuberger Berman Option Strategy ETF (NBOS) is 1.89%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that NBOS experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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