NBCR vs SCHX: Grades, Fees and Holdings Compared

Neuberger Berman Core Equity ETF

NBCRCNYSE Arca

Schwab U.S. Large-Cap ETF

SCHXANYSE Arca

Overlap

66.9%by weight

Expense ratio

SCHX −0.49pt a year

NBCR0.52%SCHX0.03%

Avg volume · 30D

SCHX 293.5×the volume

NBCR33.8KSCHX9.93M

NBCR vs SCHX Performance

Oct 31, 2025 – Oct 30, 2026

+7.5%NBCR+11.5%SCHX

Expense ratio: NBCR 0.52%; SCHX 0.03%, better
Fund size: NBCR $850M; SCHX $73.2B
1Y total return: NBCR +7.5%; SCHX +11.5%, better
Yield (12M): NBCR 0.42%; SCHX 1.05%, better
Holdings: NBCR 210; SCHX 753
Avg volume (30D): NBCR 33.8K sh; SCHX 9.93M sh, better
NAV per share: NBCR $34.41; SCHX $29.72
52W range

ETF.net Grade

Pillar letters and Scores for NBCR, SCHX, with each pillar’s weight
Pillar	NBCR	SCHX
Cost30% weight	F21	A91Higher
Mission25% weight	Not scored	A99
Risk15% weight	C40	C48Higher
Tradability15% weight	B65	A88Higher
Holdings10% weight	B67	A70Higher
Durability5% weight	B58	A89Higher

Rank among US Large-Cap funds

How we build Categories ›

Same Category. NBCR and SCHX are both graded against the same 29 US Large-Cap funds, so their Grades compare head to head.

US Large-Cap⁠

Category · 29 funds

See all 29 ›

SCHX ranks 1st and NBCR 21st of 29 funds in the US Large-Cap Category.

Rank 1ASCHXSchwab U.S. Large-Cap ETFScore 83
Rank 2ABKLCBNY Mellon US Large Cap Core Equity ETFScore 82
Rank 19CRWLCRayliant NxtGen Multifactor US Equity ETFScore 46
Rank 21CNBCRNeuberger Berman Core Equity ETFScore 42
Rank 22CFLCCFederated Hermes MDT Large Cap Core ETFScore 41

Our read on each fund

ETF.net Research

NBCRCNeuberger Berman Core Equity ETF

SCHXASchwab U.S. Large-Cap ETF

In short

NBCR Neuberger Berman's 2024 entry into active core equity: a roughly 200-stock US portfolio built for long-term growth of capital, priced under the typical active equity fund rather than at the premium the label usually invites.

SCHX Schwab's no-frills large-cap core: roughly 800 US big names for three basis points, running since 2009. One of the cheapest tickets in a crowded category, and it hugs its index tightly.

Stated mandate

NBCR The Fund seeks long-term growth of capital.

SCHX The fund seeks to track, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index.

Why people hold it

NBCR Costs 0.52% a year, below the median for actively managed US equity ETFs. Active stock picking without the fee drag that usually comes attached.
Roughly 200 holdings: wide enough that no single name dominates, narrow enough that the manager's choices actually show up in results.
A plain mandate, plainly stated. The prospectus objective is long-term growth of capital from a mainly-equity portfolio, with no derivatives overlay or income-generation machinery bolted on.
Sits in the upper half of its active US equity peer group on our overall read, with holdings quality the standout piece.

SCHX 0.03% a year, well under the typical US large-cap fund's fee. That is the kind of cost floor only the biggest fund shops can hold.
About 800 stocks tracking the Dow Jones U.S. Large-Cap Total Stock Market Index before fees. No themes, no screens, no manager hunches.schwabassetmanagement.com
Tracking has been among the tightest in its peer group: the fund delivers its index with very little slippage.
Live since 2009 and now a multi-billion-dollar fund that trades heavily, so spreads stay thin and the lights are unlikely to go out.

Worth knowing

NBCR Launched in 2024, so there is not yet a long record to judge the strategy through a full market cycle.
Trades thinly. Spreads can widen when volume is light, which matters more for larger orders than for small ones.
Cheaper systematic options crowd the same shelf: DFAC (0.17%), AVLC (0.15%) and DFAU (0.12%) all deliver core US equity for a fraction of the fee.

SCHX Large caps only, despite the index name. Mid and small caps live in a separate fund, so this is one slice of the market, not all of it.
Three basis points is cheap, not free: BKLC in the same peer group runs at zero.
Dividends land quarterly, not monthly, which matters if you're building an income schedule.

Full NBCR profile⁠

Full SCHX profile⁠

NBCR vs SCHX Holdings

How NBCR and SCHX differ

Overlap by weight

66.9%

Shared holdings make up 94.1% of NBCR and 68.3% of SCHX.

Level by level

Holdings181 in both66.9%
Countryby domicile98.3%
Asset classEquity100%

Sector

No Sector split for NBCR.

Country, concentration and asset class

Country by domicile

Country weights in NBCR and SCHX, widest gap first
Country	More in NBCRMore in SCHX	NBCR	SCHX
United States	SCHX +1.3 points	98.2%	99.5%
Canada	NBCR +1.2 points	1.2%	0.0%
Other countries (7)	Same weight	0.6%	0.6%

Concentration

Weight in the 10 largest Holdings

NBCR35.5%
SCHX35.3%

Securities held

NBCR207
SCHX753

Asset class

NBCR: Equity
SCHX: Equity

Holdings

Only in NBCR26
In both181
Only in SCHX572

Only in NBCR

26 securities, 5.8% of NBCR by weight

Ryan Specialty Holdings Inc Common Stock0.94%
Lionsgate Studios Corp Common Stock0.94%
Ishares Russell 1000 Etf Ishares Russell 1000 Etf0.70%
Linde PLC Common Stock0.53%
Eaton Corp PLC Common Stock0.34%
Ssc Government Mm Gvmxx0.26%
Spotify Technology SA Common Stock0.25%
Brinker International Inc Common Stock0.20%
Check Point Software Tech Common Stock0.19%
Element Solutions Inc Common Stock0.18%
Ball Corp Common Stock0.17%
Waste Connections Inc Common Stock0.15%
Valvoline Inc Common Stock0.12%
Floor & Decor Holdings Inc A Common Stock0.11%
Chewy Inc Class A Common Stock0.11%
Fortune Brands Innovations I Common Stock0.11%
Cytokinetics Inc Common Stock0.08%
Ionis Pharmaceuticals Inc Common Stock0.08%
Agnico Eagle Mines Ltd Common Stock0.08%
Americold Realty Trust Inc Reit0.06%
American Healthcare Reit Inc Reit0.06%
Warby Parker Inc Class A Common Stock0.05%
Radnet Inc Common Stock0.04%
Ugi Corp Common Stock0.03%
Graphic Packaging Holding Co Common Stock0.02%
Waystar Holding Corp Common Stock0.02%

Only in SCHX

572 securities, 31.7% of SCHX by weight

Berkshire Hathaway Inc Class B1.43%
Johnson & Johnson0.94%
Walmart0.77%
Palantir Technologies Class A0.64%
Applied Material Inc0.48%
Palo Alto Networks0.44%
Amgen Inc0.35%
International Business Machines Co0.35%
Linde PLC0.33%
Kla0.31%
Gilead Sciences0.29%
Space Exploration Technologies Cor0.28%
Marvell Technology0.27%
Pepsico0.26%
Mcdonalds Corp0.26%
Verizon Communications Inc0.26%
American Express0.24%
Seagate Technology Holdings PLC0.23%
Eaton PLC0.22%
Accenture PLC Class A0.22%
Charles Schwab0.20%
AT&T0.20%
Progressive0.19%
Altria Group Inc0.18%
Capital One Financial Corp0.18%
Chubb0.18%
Prologis Reit0.17%
Marathon Petroleum0.17%
Starbucks Corp0.17%
Medtronic PLC0.17%
Newmont0.17%
Lowes Companies Inc0.17%
Booking Holdings0.16%
Valero Energy Corp0.16%
Southern0.15%
Cme Group Class A0.15%
Equinix Reit0.15%
Corning0.14%
Cloudflare Class A0.14%
Adobe Inc0.14%
Duke Energy Corp0.14%
Johnson Controls International PLC0.14%
Emerson Electric0.14%
Quanta Services Inc0.14%
Vertiv Holdings Class A0.13%
Trane Technologies PLC0.13%
Cadence Design Systems0.13%
General Dynamics Corp0.13%
Synopsys0.13%
3M0.13%

Weight gaps

The 100 widest of 181 Holdings in both funds.

Holding weights in NBCR and SCHX, widest gap first
Holding	More in NBCRMore in SCHX	NBCR	SCHX
Lam Research Corp Common StockLRCX	NBCR +0.79 points	1.24%	0.45%
Marsh & Mclennan Cos Common StockMRSH	NBCR +0.74 points	0.87%	0.13%
Microsoft Corp Common StockMSFT	NBCR +0.58 points	6.17%	5.59%
Aon PLC Class A Common StockAON	NBCR +0.56 points	0.66%	0.10%
Broadcom Inc Common StockAVGO	SCHX +0.55 points	1.78%	2.33%
Itt Inc Common StockITT	NBCR +0.50 points	0.53%	0.03%
Texas Instruments Inc Common StockTXN	NBCR +0.49 points	0.90%	0.41%
Intercontinental Exchange In Common StockICE	NBCR +0.49 points	0.62%	0.13%
Draftkings Inc Class A Common StockDKNG	NBCR +0.48 points	0.49%	0.01%
Rtx Corp Common StockRTX	NBCR +0.47 points	0.85%	0.38%
Costco Wholesale Corp Common StockCOST	NBCR +0.45 points	1.08%	0.63%
Visa Inc Class A Shares Common StockV	NBCR +0.44 points	1.43%	0.99%
Mastercard Inc A Common StockMA	NBCR +0.43 points	1.16%	0.73%
Brown & Brown Inc Common StockBRO	NBCR +0.42 points	0.45%	0.03%
Nike Inc Class B Common StockNKE	NBCR +0.42 points	0.49%	0.07%
Nvent Electric PLC Common StockNVT	NBCR +0.42 points	0.45%	0.03%
Edwards Lifesciences Corp Common StockEW	NBCR +0.40 points	0.48%	0.08%
Intel Corp Common StockINTC	NBCR +0.38 points	1.03%	0.65%
Salesforce Inc Common StockCRM	NBCR +0.32 points	0.59%	0.27%
Abbott Laboratories Common StockABT	NBCR +0.30 points	0.56%	0.26%
Msci Inc Common StockMSCI	NBCR +0.30 points	0.36%	0.06%
Yum Brands Inc Common StockYUM	NBCR +0.30 points	0.36%	0.06%
Walt Disney Co/The Common StockDIS	NBCR +0.30 points	0.57%	0.27%
Exxonmobil Holdings Corp Common StockXOM	SCHX +0.29 points	0.78%	1.07%
Home Depot Inc Common StockHD	NBCR +0.28 points	0.75%	0.47%
Servicenow Inc Common StockNOW	NBCR +0.28 points	0.44%	0.16%
Merck & Co. Inc. Common StockMRK	NBCR +0.28 points	0.79%	0.51%
Take Two Interactive Softwre Common StockTTWO	NBCR +0.27 points	0.32%	0.05%
O Reilly Automotive Inc Common StockORLY	NBCR +0.27 points	0.37%	0.10%
Stryker Corp Common StockSYK	NBCR +0.26 points	0.41%	0.15%
Tradeweb Markets Inc Class A Common StockTW	NBCR +0.26 points	0.28%	0.02%
Woodward Inc Common StockWWD	NBCR +0.25 points	0.28%	0.03%
Snowflake Inc Common StockSNOW	NBCR +0.26 points	0.42%	0.16%
Mondelez International Inc A Common StockMDLZ	NBCR +0.26 points	0.37%	0.11%
Phillips 66 Common StockPSX	NBCR +0.24 points	0.40%	0.16%
Church & Dwight Co Inc Common StockCHD	NBCR +0.23 points	0.27%	0.04%
Devon Energy Corp Common StockDVN	NBCR +0.23 points	0.31%	0.08%
Pfizer Inc Common StockPFE	NBCR +0.23 points	0.47%	0.24%
Caci International Inc Class A Common StockCACI	NBCR +0.23 points	0.25%	0.02%
AbbVie Inc Common StockABBV	NBCR +0.23 points	0.96%	0.73%
Advanced Micro Devices Common StockAMD	NBCR +0.23 points	1.54%	1.31%
Conocophillips Common StockCOP	NBCR +0.22 points	0.48%	0.26%
Howmet Aerospace Inc Common StockHWM	NBCR +0.22 points	0.34%	0.12%
Ares Management Corp A Common StockARES	NBCR +0.22 points	0.26%	0.04%
Wynn Resorts Ltd Common StockWYNN	NBCR +0.21 points	0.22%	<0.01%
Micron Technology Inc Common StockMU	SCHX +0.21 points	1.29%	1.50%
S+p Global Inc Common StockSPGI	NBCR +0.21 points	0.41%	0.20%
Monster Beverage Corp Common StockMNST	NBCR +0.21 points	0.30%	0.09%
NVIDIA Corp Common StockNVDA	SCHX +0.20 points	7.15%	7.35%
General Electric Common StockGE	NBCR +0.20 points	0.66%	0.46%
Sherwin Williams Co/The Common StockSHW	NBCR +0.20 points	0.31%	0.11%
Verisk Analytics Inc Common StockVRSK	NBCR +0.19 points	0.23%	0.04%
Crowdstrike Holdings Inc A Common StockCRWD	NBCR +0.19 points	0.57%	0.38%
Lockheed Martin Corp Common StockLMT	NBCR +0.19 points	0.38%	0.19%
BlackRock Inc Common StockBLK	NBCR +0.20 points	0.44%	0.24%
Waters Corp Common StockWAT	NBCR +0.19 points	0.26%	0.07%
Pnc Financial Services Group Common StockPNC	NBCR +0.19 points	0.32%	0.13%
Lumentum Holdings Inc Common StockLITE	NBCR +0.18 points	0.30%	0.12%
Procter & Gamble Co/The Common StockPG	NBCR +0.19 points	0.72%	0.53%
UnitedHealth Group Inc Common StockUNH	NBCR +0.19 points	0.71%	0.52%
Tjx Companies Inc Common StockTJX	NBCR +0.18 points	0.40%	0.22%
Unum Group Common StockUNM	NBCR +0.18 points	0.20%	0.02%
Biogen Inc Common StockBIIB	NBCR +0.18 points	0.23%	0.05%
Ulta Beauty Inc Common StockULTA	NBCR +0.17 points	0.21%	0.04%
Steel Dynamics Inc Common StockSTLD	NBCR +0.17 points	0.22%	0.05%
Avery Dennison Corp Common StockAVY	NBCR +0.17 points	0.19%	0.02%
Nasdaq Inc Common StockNDAQ	NBCR +0.17 points	0.24%	0.07%
Alphabet Inc Class A Common StockGOOGL	NBCR +0.16 points	2.53%	2.37%
Thermo Fisher Scientific Inc Common StockTMO	NBCR +0.17 points	0.54%	0.37%
Jacobs Solutions Inc Common StockJ	NBCR +0.16 points	0.19%	0.03%
Danaher Corp Common StockDHR	NBCR +0.16 points	0.37%	0.21%
Oracle Corp Common StockORCL	NBCR +0.16 points	0.50%	0.34%
Royal Gold Inc Common StockRGLD	NBCR +0.16 points	0.19%	0.03%
Republic Services Inc Common StockRSG	NBCR +0.15 points	0.22%	0.07%
Analog Devices Inc Common StockADI	NBCR +0.15 points	0.45%	0.30%
Western Digital Corp Common StockWDC	NBCR +0.15 points	0.35%	0.20%
Ge Vernova Inc Common StockGEV	NBCR +0.14 points	0.48%	0.34%
Baker Hughes Co Common StockBKR	NBCR +0.15 points	0.23%	0.08%
Parker Hannifin Corp Common StockPH	NBCR +0.14 points	0.31%	0.17%
United Rentals Inc Common StockURI	NBCR +0.14 points	0.25%	0.11%
Intuitive Surgical Inc Common StockISRG	NBCR +0.14 points	0.37%	0.23%
Bloom Energy Corp A Common StockBE	NBCR +0.15 points	0.24%	0.09%
Autodesk Inc Common StockADSK	NBCR +0.14 points	0.21%	0.07%
Wells Fargo & Co Common StockWFC	NBCR +0.14 points	0.50%	0.36%
Nucor Corp Common StockNUE	NBCR +0.14 points	0.23%	0.09%
Vertex Pharmaceuticals Inc Common StockVRTX	NBCR +0.14 points	0.33%	0.19%
Cvs Health Corp Common StockCVS	NBCR +0.14 points	0.30%	0.16%
Old Dominion Freight Line Common StockODFL	NBCR +0.13 points	0.18%	0.05%
Eli Lilly & Co Common StockLLY	NBCR +0.13 points	1.69%	1.56%
Tesla Inc Common StockTSLA	NBCR +0.12 points	1.74%	1.62%
Echostar Corp A Common StockECHO	NBCR +0.12 points	0.14%	0.02%
American Electric Power Common StockAEP	NBCR +0.12 points	0.22%	0.10%
Martin Marietta Materials Common StockMLM	NBCR +0.12 points	0.17%	0.05%
Freeport Mcmoran Inc Common StockFCX	NBCR +0.13 points	0.26%	0.13%
Transunion Common StockTRU	NBCR +0.12 points	0.14%	0.02%
Eqt Corp Common StockEQT	NBCR +0.12 points	0.17%	0.05%
Csx Corp Common StockCSX	NBCR +0.11 points	0.25%	0.14%
Fifth Third Bancorp Common StockFITB	NBCR +0.11 points	0.18%	0.07%
Sandisk Corp Common StockSNDK	NBCR +0.10 points	0.38%	0.28%
Uber Technologies Inc Common StockUBER	NBCR +0.10 points	0.29%	0.19%

All 206 NBCR holdings⁠All 754 SCHX 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.

NBCR vs SCHX Cost

Overpaying NBCR vs SCHX

$9,713

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

NBCR 0.52%
$10,351
SCHX 0.03%
$638

Amount$10,000

Years30 years

Cost over time

NBCR 0.52%
SCHX 0.03%
Overpaying

Year by year

Year	NBCR	SCHX	Overpaying
10	$935	$55	$880
20	$3,593	$216	$3,377
30	$10,351	$638	$9,713

Expense ratio

0.52%NBCR
0.03%SCHX, cheaper

SCHX0.03%NBCR0.52%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

SCHX 3rd cheapest of 29 funds

NBCR 23rd cheapest of 29 funds

NBCR vs SCHX Dividends

Last 12 months to Oct 30, 2026

Yield (12M): NBCR 0.42%; SCHX 1.05%, better
Payout (12M): NBCR $0.14; SCHX $0.31
Last payment: NBCR $0.14; SCHX $0.08
Ex-dividend: NBCR Dec 18, 2025; SCHX Sep 23, 2026
Paid on: NBCR Dec 23, 2025; SCHX Sep 28, 2026
Frequency: NBCR Irregular; SCHX Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

NBCRIrregular · 2 paymentsAll NBCR payments⁠

SCHXQuarterly · 41 paymentsAll SCHX payments⁠

NBCR vs SCHX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: NBCR 12.2%since Sep 2024SCHX 12.5%
Return per unit of riskSharpe ratio, 3 years: NBCR 0.75since Sep 2024SCHX 1.40
Worst fallMax drawdown, 5 years: NBCR −18.2%since Aug 2024SCHX −25.4%
Market sensitivityBeta, 5 years: NBCR 1.00SCHX 1.01; Market = 1

NBCR and SCHX in the news

All news⁠

Category Review
Broad U.S. large-cap funds kept pace with the S&P 500 this year. The top 50 did not.
Updated Oct 16, 2026SCHX

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