BSV vs NBSD: Grades, Fees and Holdings Compared

Vanguard Short-Term Bond ETF

BSVANYSE Arca

Neuberger Berman Short Duration Income ETF

NBSDDNYSE Arca

Overlap

No data

Expense ratio

BSV −0.39pt a year

BSV0.03%NBSD0.42%

Avg volume · 30D

BSV 9.0×the volume

BSV2.86MNBSD317K

BSV vs NBSD Performance

Oct 31, 2025 – Oct 30, 2026

+1.6%BSV+2.7%NBSD

Expense ratio: BSV 0.03%, better; NBSD 0.42%
Fund size: BSV $69.6B; NBSD $1.75B
1Y total return: BSV +1.6%; NBSD +2.7%, better
Yield (12M): BSV 4.08%; NBSD 4.76%, better
Holdings: BSV 3159; NBSD 1196
Avg volume (30D): BSV 2.86M sh, better; NBSD 317K sh
NAV per share: BSV $77.05; NBSD $49.91
52W range

ETF.net Grade

Pillar letters and Scores for BSV, NBSD, with each pillar’s weight
Pillar	BSV	NBSD
Cost30% weight	A97Higher	F12
Mission25% weight	Not scored	Not scored
Risk15% weight	C43	B67Higher
Tradability15% weight	A86Higher	B57
Holdings10% weight	B69Higher	F24
Durability5% weight	A95Higher	B59

Rank among Short-Term Core Bond funds

How we build Categories ›

Same Category. BSV and NBSD are both graded against the same 12 Short-Term Core Bond funds, so their Grades compare head to head.

Short-Term Core Bond⁠

Category · 12 funds

See all 12 ›

BSV ranks 1st and NBSD 10th of 12 funds in the Short-Term Core Bond Category.

Rank 1ABSVVanguard Short-Term Bond ETFScore 80
Rank 2AISTBiShares Core 1-5 Year USD Bond ETFScore 75
Rank 9CSCSBSterling Capital Short Duration Bond ETFScore 42
Rank 10DNBSDNeuberger Berman Short Duration Income ETFScore 36
Rank 10DSTOTState Street DoubleLine Short Duration Total Return Tactical ETFScore 36

Our read on each fund

ETF.net Research

BSVAVanguard Short-Term Bond ETF

NBSDDNeuberger Berman Short Duration Income ETF

In short

BSV The short end of Vanguard's bond lineup: investment-grade US government and corporate paper capped at one to five years, for three basis points a year. Same indexing discipline as its total-market sibling, with far less rate whiplash.

NBSD A 1986 mutual fund that swapped into an ETF wrapper in 2024: same team, same mandate. It hunts the highest current income it can find in investment-grade bonds while holding duration to three years or less, and pays monthly.

Stated mandate

BSV The fund seeks to track a market-weighted bond index with a short-term dollar-weighted average maturity.

NBSD The fund seeks the highest available current income while maintaining liquidity and limiting principal risk; total return is secondary. It invests at least 80% of net assets in investment-grade fixed- and floating-rate debt and normally targets average portfolio duration of three years or less.

Why people hold it

BSV Three basis points a year, against a category median around 0.36%. One of the cheapest tickets into the short end of the investment-grade bond market.
Every bond in the index matures within one to five years, which mechanically dampens how much the price moves when rates do, compared with longer-maturity bond funds.vanguard.com
Broad by design: US Treasuries, investment-grade corporates and dollar-denominated international issues, all float-adjusted and market-weighted rather than hand-picked.vanguard.com
Trading since 2007, a fund with tens of billions in assets and one of the busier tapes in its category. Income is paid out monthly.

NBSD Not a startup strategy. It ran as the Neuberger Berman Short Duration Bond Fund from 1986 and converted into this ETF in June 2024, carrying over the portfolio and the record.nb.com sec.gov
The three-year duration target is written into the mandate, along with at least 80% investment grade, so rate moves push it around less than a core aggregate bond fund.
Roughly 1,100 fixed and floating rate positions, US and overseas, keep any single issuer small. Income lands monthly.

Worth knowing

BSV A bond fund, not a savings account. The share price moves with rates and credit spreads, and short-term bond funds can and do post losing stretches.vanguard.com
Not Treasuries only. Investment-grade corporate and dollar-denominated international bonds ride along, so a slice of credit risk comes with the ladder.vanguard.com
One slice of the bond market, not the whole thing: nothing maturing past five years is in the index.vanguard.com

NBSD The 0.42% fee sits above the typical charge in its bond cohort. JPLD measures against the same 1-3 year government/credit index for 0.24%, and index agg funds like BND run 0.03%.
Income comes first by design and total return is secondary. Short duration also means smaller price moves than long bonds when yields swing.
Active picks across credit and floating rate debt can land either side of the plain 1-3 year benchmark, and the ETF's own trading history only starts in 2024.

Full BSV profile⁠

Full NBSD profile⁠

BSV vs NBSD Holdings

How BSV and NBSD differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile94.4%
Asset classFixed Income100%

Sector

No Sector split for BSV and NBSD.

Country, concentration and asset class

Country by domicile

Country weights in BSV and NBSD, widest gap first
Country	More in BSVMore in NBSD	BSV	NBSD
Supranational	NBSD +4.3 points	2.7%	7.0%
United States	BSV +2.2 points	90.9%	88.7%
Canada	BSV +0.7 points	1.5%	0.8%
Germany	BSV +0.6 points	0.7%	0.1%
Ireland	NBSD +0.5 points	0.2%	0.7%
Other countries (26)	BSV +1.2 points	4.0%	2.8%

Concentration

Weight in the 10 largest Holdings

BSV9.8%
NBSD54.3%

Securities held

BSV3,154
NBSD1,196

Asset class

BSV: Fixed Income
NBSD: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. BSV holds 3,154 securities, NBSD 1,196.

All BSV holdings⁠All 1,203 NBSD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BSV vs NBSD Cost

Overpaying NBSD vs BSV

$7,834

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BSV 0.03%
$638
NBSD 0.42%
$8,472

Amount$10,000

Years30 years

Cost over time

BSV 0.03%
NBSD 0.42%
Overpaying

Year by year

Year	BSV	NBSD	Overpaying
10	$55	$759	$704
20	$216	$2,927	$2,711
30	$638	$8,472	$7,834

Expense ratio

0.03%BSV, cheaper
0.42%NBSD

BSV0.03%NBSD0.42%

0.03%0.45%

Middle half of Short-Term Core Bond funds
Median 0.20%

BSV cheapest of 12 funds

NBSD 11th cheapest of 12 funds

BSV vs NBSD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BSV 4.08%; NBSD 4.76%, better
Payout (12M): BSV $3.15; NBSD $2.38
Last payment: BSV $0.27; NBSD $0.21
Ex-dividend: BSV Oct 1, 2026; NBSD Oct 27, 2026
Paid on: BSV Oct 5, 2026; NBSD Oct 30, 2026
Frequency: BSV Monthly; NBSD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

BSVMonthly · 45 paymentsAll BSV payments⁠

NBSDMonthly · 28 paymentsAll NBSD payments⁠

BSV vs NBSD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BSV 2.4%NBSD 2.2%since Jul 2024
Return per unit of riskSharpe ratio, 3 years: BSV 0.06NBSD 0.48since Jul 2024
Worst fallMax drawdown, 5 years: BSV −8.0%NBSD −2.6%since Jun 2024
Market sensitivityBeta, 5 years: BSV 0.38NBSD 0.26; Market = 1

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