NBCR vs VV: Grades, Fees and Holdings Compared

Neuberger Berman Core Equity ETF

NBCRCNYSE Arca

Vanguard Morningstar Large-Cap ETF

VVANYSE Arca

Overlap

67.9%by weight

Expense ratio

VV −0.49pt a year

NBCR0.52%VV0.03%

Avg volume · 30D

VV 6.6×the volume

NBCR33.8KVV223K

NBCR vs VV Performance

Oct 31, 2025 – Oct 30, 2026

+7.5%NBCR+11.5%VV

Expense ratio: NBCR 0.52%; VV 0.03%, better
Fund size: NBCR $850M; VV $76B
1Y total return: NBCR +7.5%; VV +11.5%, better
Yield (12M): NBCR 0.42%; VV 1.03%, better
Holdings: NBCR 210; VV 423
Avg volume (30D): NBCR 33.8K sh; VV 223K sh, better
NAV per share: NBCR $34.41; VV $348.06
52W range

ETF.net Grade

Pillar letters and Scores for NBCR, VV, with each pillar’s weight
Pillar	NBCR	VV
Cost30% weight	F21	A91Higher
Mission25% weight	Not scored	A99
Risk15% weight	C40	B55Higher
Tradability15% weight	B65Higher	B57
Holdings10% weight	B67Higher	C51
Durability5% weight	B58	A93Higher

Rank among US Large-Cap funds

How we build Categories ›

Same Category. NBCR and VV 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 ›

VV ranks 4th 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 3AEPSWisdomTree U.S. LargeCap FundScore 80
Rank 4AVVVanguard Morningstar Large-Cap ETFScore 78
Rank 5AIWBiShares Russell 1000 ETFScore 77
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

VVAVanguard Morningstar 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.

VV Vanguard's rules-based read on large cap: own whatever sits in the top 85% of the US market, about 500 names, for 0.03% a year. Running since 2004.

Stated mandate

NBCR The Fund seeks long-term growth of capital.

VV The fund seeks to track the CRSP US Large Cap Index through a passive, full-replication strategy focused predominantly on large U.S. companies diversified across growth and value styles.

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.

VV Charges 0.03% a year against a 0.14% median for its large-cap peer group. Among the cohort's top names, only SCHX matches that fee.
Full replication: it buys every stock in the index at roughly index weight, and it has tracked that benchmark very closely.vanguard.com
The ETF share class of a Vanguard index fund launched in 2004, now a multi-billion-dollar strategy with mutual fund siblings alongside it.vanguard.com
Cost, tracking and staying power put it in the top tier of a crowded 24-fund large-cap cohort.

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.

VV Market-cap weighted, so the biggest US companies (and their sector tilts) carry most of the weight.vanguard.com
The index stops at the top 85% of US investable market cap: mid- and small-cap names sit outside it.vanguard.com
After Morningstar acquired CRSP, the benchmark and the fund name picked up the Morningstar label. Same index, same fund.vanguard.com vanguard.com 2

Full NBCR profile⁠

Full VV profile⁠

NBCR vs VV Holdings

How NBCR and VV differ

Overlap by weight

67.9%

Shared holdings make up 89.6% of NBCR and 73.4% of VV.

Level by level

Holdings152 in both67.9%
Countryby domicile98.2%
Asset classEquity100%

Sector

No Sector split for NBCR.

Country, concentration and asset class

Country by domicile

Country weights in NBCR and VV, widest gap first
Country	More in NBCRMore in VV	NBCR	VV
United States	VV +1.8 points	98.2%	100.0%
Canada	NBCR +1.2 points	1.2%	0.0%
Other countries (2)	NBCR +0.6 points	0.6%	0.0%

Concentration

Weight in the 10 largest Holdings

NBCR35.5%
VV39.5%

Securities held

NBCR207
VV422

Asset class

NBCR: Equity
VV: Equity

Holdings

Only in NBCR55
In both152
Only in VV270

Only in NBCR

55 securities, 10.4% 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%
Itt Inc Common Stock0.53%
Draftkings Inc Class A Common Stock0.49%
Nvent Electric PLC Common Stock0.45%
Eaton Corp PLC Common Stock0.34%
Woodward Inc Common Stock0.28%
Ssc Government Mm Gvmxx0.26%
Caci International Inc Class A Common Stock0.25%
Spotify Technology SA Common Stock0.25%
Wynn Resorts Ltd Common Stock0.22%
Brinker International Inc Common Stock0.20%
Unum Group Common Stock0.20%
Avery Dennison Corp Common Stock0.19%
Jacobs Solutions Inc Common Stock0.19%
Check Point Software Tech Common Stock0.19%
Royal Gold Inc Common Stock0.19%
Element Solutions Inc Common Stock0.18%
Ball Corp Common Stock0.17%
Waste Connections Inc Common Stock0.15%
Echostar Corp A Common Stock0.14%
Transunion Common Stock0.14%
Tenet Healthcare Corp Common Stock0.13%
Valvoline Inc Common Stock0.12%
Alliant Energy Corp Common Stock0.11%
Toll Brothers Inc Common Stock0.11%
Floor & Decor Holdings Inc A Common Stock0.11%
Chewy Inc Class A Common Stock0.11%
Trimble Inc Common Stock0.11%
Fortune Brands Innovations I Common Stock0.11%
Sun Communities Inc Reit0.10%
Regency Centers Corp Reit0.10%
Cytokinetics Inc Common Stock0.08%
Ionis Pharmaceuticals Inc Common Stock0.08%
Cdw Corp/De Common Stock0.08%
Credo Technology Group Holdi Common Stock0.08%
Nisource Inc Common Stock0.08%
Agnico Eagle Mines Ltd Common Stock0.08%
Essex Property Trust Inc Reit0.06%
Americold Realty Trust Inc Reit0.06%
Udr Inc Reit0.06%
American Healthcare Reit Inc Reit0.06%
Talen Energy Corp Common Stock0.06%
Eastgroup Properties Inc Reit0.06%
Nrg Energy Inc Common Stock0.05%
Warby Parker Inc Class A Common Stock0.05%
Dt Midstream Inc Common Stock0.04%
Radnet Inc Common Stock0.04%

Only in VV

270 securities, 26.6% of VV by weight

Berkshire Hathaway Inc1.35%
Johnson & Johnson0.99%
Walmart Inc0.71%
Palantir Technologies Inc0.64%
Applied Materials Inc0.63%
Palo Alto Networks Inc0.50%
KLA Corp0.40%
Marvell Technology Inc0.36%
Amgen Inc0.35%
Linde PLC0.34%
Seagate Technology Holdings PLC0.32%
International Business Machines Corp0.32%
Verizon Communications Inc0.30%
Gilead Sciences Inc0.29%
PepsiCo Inc0.27%
AT&T Inc0.26%
Eaton Corp PLC0.26%
McDonald's Corp0.25%
Charles Schwab Corp/The0.25%
American Express Co0.24%
Prologis Inc0.19%
Booking Holdings Inc0.19%
Newmont Corp0.19%
Progressive Corp/The0.19%
Corning Inc0.19%
Capital One Financial Corp0.18%
Chubb Ltd0.18%
Altria Group Inc0.17%
Accenture PLC0.17%
Cloudflare Inc0.17%
Valero Energy Corp0.17%
Fortinet Inc0.17%
Marathon Petroleum Corp0.17%
Medtronic PLC0.17%
Starbucks Corp0.17%
Lowe's Cos Inc0.16%
Equinix Inc0.16%
Trane Technologies PLC0.15%
Quanta Services Inc0.15%
Adobe Inc0.15%
CME Group Inc0.15%
Southern Co/The0.15%
Vertiv Holdings Co0.14%
Datadog Inc0.14%
Cadence Design Systems Inc0.14%
Johnson Controls International plc0.14%
Space Exploration Technologies Corp0.14%
Robinhood Markets Inc0.14%
Duke Energy Corp0.14%
Emerson Electric Co0.13%

Weight gaps

The 100 widest of 152 Holdings in both funds.

Holding weights in NBCR and VV, widest gap first
Holding	More in NBCRMore in VV	NBCR	VV
NVIDIA Corp Common StockNVDA	VV +0.97 points	7.15%	8.12%
Broadcom Inc Common StockAVGO	VV +0.82 points	1.78%	2.60%
Marsh & Mclennan Cos Common StockMRSH	NBCR +0.74 points	0.87%	0.13%
Alphabet Inc Class A Common StockGOOGL	VV +0.61 points	2.53%	3.14%
Lam Research Corp Common StockLRCX	NBCR +0.60 points	1.24%	0.64%
Alphabet Inc Class C Common StockGOOG	VV +0.60 points	1.89%	2.49%
Micron Technology Inc Common StockMU	VV +0.58 points	1.29%	1.87%
Aon PLC Class A Common StockAON	NBCR +0.57 points	0.66%	0.09%
Meta Platforms Inc Class A Common StockMETA	VV +0.55 points	1.93%	2.48%
Visa Inc Class A Shares Common StockV	NBCR +0.55 points	1.43%	0.88%
Texas Instruments Inc Common StockTXN	NBCR +0.50 points	0.90%	0.40%
Mastercard Inc A Common StockMA	NBCR +0.49 points	1.16%	0.67%
Intercontinental Exchange In Common StockICE	NBCR +0.49 points	0.62%	0.13%
Rtx Corp Common StockRTX	NBCR +0.46 points	0.85%	0.39%
Costco Wholesale Corp Common StockCOST	NBCR +0.45 points	1.08%	0.63%
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%
Edwards Lifesciences Corp Common StockEW	NBCR +0.40 points	0.48%	0.08%
Amazon.com Inc Common StockAMZN	VV +0.36 points	3.40%	3.76%
Apple Inc Common StockAAPL	VV +0.35 points	7.20%	7.55%
Home Depot Inc Common StockHD	NBCR +0.31 points	0.75%	0.44%
Msci Inc Common StockMSCI	NBCR +0.31 points	0.36%	0.05%
Salesforce Inc Common StockCRM	NBCR +0.31 points	0.59%	0.28%
Yum Brands Inc Common StockYUM	NBCR +0.30 points	0.36%	0.06%
Abbott Laboratories Common StockABT	NBCR +0.29 points	0.56%	0.27%
Walt Disney Co/The Common StockDIS	NBCR +0.29 points	0.57%	0.28%
Exxonmobil Holdings Corp Common StockXOM	VV +0.27 points	0.78%	1.05%
Stryker Corp Common StockSYK	NBCR +0.26 points	0.41%	0.15%
O Reilly Automotive Inc Common StockORLY	NBCR +0.26 points	0.37%	0.11%
Take Two Interactive Softwre Common StockTTWO	NBCR +0.26 points	0.32%	0.06%
Tradeweb Markets Inc Class A Common StockTW	NBCR +0.26 points	0.28%	0.02%
Microsoft Corp Common StockMSFT	NBCR +0.25 points	6.17%	5.92%
Mondelez International Inc A Common StockMDLZ	NBCR +0.26 points	0.37%	0.11%
Conocophillips Common StockCOP	NBCR +0.25 points	0.48%	0.23%
Snowflake Inc Common StockSNOW	NBCR +0.25 points	0.42%	0.17%
Phillips 66 Common StockPSX	NBCR +0.24 points	0.40%	0.16%
AbbVie Inc Common StockABBV	NBCR +0.24 points	0.96%	0.72%
Merck & Co. Inc. Common StockMRK	NBCR +0.23 points	0.79%	0.56%
S+p Global Inc Common StockSPGI	NBCR +0.23 points	0.41%	0.18%
Devon Energy Corp Common StockDVN	NBCR +0.23 points	0.31%	0.08%
Church & Dwight Co Inc Common StockCHD	NBCR +0.24 points	0.27%	0.03%
Servicenow Inc Common StockNOW	NBCR +0.22 points	0.44%	0.22%
Ares Management Corp A Common StockARES	NBCR +0.22 points	0.26%	0.04%
Pfizer Inc Common StockPFE	NBCR +0.22 points	0.47%	0.25%
Monster Beverage Corp Common StockMNST	NBCR +0.21 points	0.30%	0.09%
BlackRock Inc Common StockBLK	NBCR +0.21 points	0.44%	0.23%
Verisk Analytics Inc Common StockVRSK	NBCR +0.20 points	0.23%	0.03%
Lockheed Martin Corp Common StockLMT	NBCR +0.20 points	0.38%	0.18%
Howmet Aerospace Inc Common StockHWM	NBCR +0.20 points	0.34%	0.14%
Steel Dynamics Inc Common StockSTLD	NBCR +0.20 points	0.22%	0.02%
UnitedHealth Group Inc Common StockUNH	NBCR +0.20 points	0.71%	0.51%
Intel Corp Common StockINTC	NBCR +0.19 points	1.03%	0.84%
Procter & Gamble Co/The Common StockPG	NBCR +0.20 points	0.72%	0.52%
Waters Corp Common StockWAT	NBCR +0.19 points	0.26%	0.07%
Tesla Inc Common StockTSLA	NBCR +0.19 points	1.74%	1.55%
Sherwin Williams Co/The Common StockSHW	NBCR +0.19 points	0.31%	0.12%
Pnc Financial Services Group Common StockPNC	NBCR +0.18 points	0.32%	0.14%
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%
Tjx Companies Inc Common StockTJX	NBCR +0.17 points	0.40%	0.23%
Crowdstrike Holdings Inc A Common StockCRWD	NBCR +0.17 points	0.57%	0.40%
Lumentum Holdings Inc Common StockLITE	NBCR +0.16 points	0.30%	0.14%
Eli Lilly & Co Common StockLLY	NBCR +0.17 points	1.69%	1.52%
Nasdaq Inc Common StockNDAQ	NBCR +0.17 points	0.24%	0.07%
General Electric Common StockGE	NBCR +0.16 points	0.66%	0.50%
Danaher Corp Common StockDHR	NBCR +0.15 points	0.37%	0.22%
United Rentals Inc Common StockURI	NBCR +0.15 points	0.25%	0.10%
Thermo Fisher Scientific Inc Common StockTMO	NBCR +0.15 points	0.54%	0.39%
Republic Services Inc Common StockRSG	NBCR +0.16 points	0.22%	0.06%
Analog Devices Inc Common StockADI	NBCR +0.15 points	0.45%	0.30%
Chevron Corp Common StockCVX	NBCR +0.14 points	0.74%	0.60%
Intuitive Surgical Inc Common StockISRG	NBCR +0.15 points	0.37%	0.22%
Autodesk Inc Common StockADSK	NBCR +0.14 points	0.21%	0.07%
Nucor Corp Common StockNUE	NBCR +0.15 points	0.23%	0.08%
Eqt Corp Common StockEQT	NBCR +0.15 points	0.17%	0.02%
Baker Hughes Co Common StockBKR	NBCR +0.15 points	0.23%	0.08%
Oracle Corp Common StockORCL	NBCR +0.13 points	0.50%	0.37%
Cvs Health Corp Common StockCVS	NBCR +0.13 points	0.30%	0.17%
Old Dominion Freight Line Common StockODFL	NBCR +0.13 points	0.18%	0.05%
Wells Fargo & Co Common StockWFC	NBCR +0.12 points	0.50%	0.38%
Vertex Pharmaceuticals Inc Common StockVRTX	NBCR +0.12 points	0.33%	0.21%
Parker Hannifin Corp Common StockPH	NBCR +0.12 points	0.31%	0.19%
American Electric Power Common StockAEP	NBCR +0.12 points	0.22%	0.10%
Martin Marietta Materials Common StockMLM	NBCR +0.12 points	0.17%	0.04%
Csx Corp Common StockCSX	NBCR +0.12 points	0.25%	0.13%
Cisco Systems Inc Common StockCSCO	NBCR +0.12 points	0.71%	0.59%
Bloom Energy Corp A Common StockBE	NBCR +0.12 points	0.24%	0.12%
Fifth Third Bancorp Common StockFITB	NBCR +0.11 points	0.18%	0.07%
Western Digital Corp Common StockWDC	NBCR +0.11 points	0.35%	0.24%
Bank of America Corp Common StockBAC	VV +0.10 points	0.46%	0.56%
Freeport Mcmoran Inc Common StockFCX	NBCR +0.10 points	0.26%	0.16%
General Motors Co Common StockGM	NBCR +0.09 points	0.20%	0.10%
Dollar Tree Inc Common StockDLTR	NBCR +0.09 points	0.12%	0.03%
Kkr & Co Inc Common StockKKR	NBCR +0.09 points	0.19%	0.10%
Ge Vernova Inc Common StockGEV	NBCR +0.09 points	0.48%	0.39%
Union Pacific Corp Common StockUNP	NBCR +0.09 points	0.34%	0.25%
Uber Technologies Inc Common StockUBER	NBCR +0.08 points	0.29%	0.21%
Williams Cos Inc Common StockWMB	NBCR +0.08 points	0.21%	0.13%
Centerpoint Energy Inc Common StockCNP	NBCR +0.08 points	0.12%	0.04%
Caterpillar Inc Common StockCAT	VV +0.08 points	0.50%	0.58%

All 206 NBCR holdings⁠All 479 VV 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 VV Cost

Overpaying NBCR vs VV

$9,713

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

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

Amount$10,000

Years30 years

Cost over time

NBCR 0.52%
VV 0.03%
Overpaying

Year by year

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

Expense ratio

0.52%NBCR
0.03%VV, cheaper

VV0.03%NBCR0.52%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

VV 3rd cheapest of 29 funds

NBCR 23rd cheapest of 29 funds

NBCR vs VV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): NBCR 0.42%; VV 1.03%, better
Payout (12M): NBCR $0.14; VV $3.60
Last payment: NBCR $0.14; VV $0.90
Ex-dividend: NBCR Dec 18, 2025; VV Sep 28, 2026
Paid on: NBCR Dec 23, 2025; VV Sep 30, 2026
Frequency: NBCR Irregular; VV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

NBCRIrregular · 2 paymentsAll NBCR payments⁠

VVQuarterly · 39 paymentsAll VV payments⁠

NBCR vs VV 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 2024VV 12.5%
Return per unit of riskSharpe ratio, 3 years: NBCR 0.75since Sep 2024VV 1.41
Worst fallMax drawdown, 5 years: NBCR −18.2%since Aug 2024VV −25.7%
Market sensitivityBeta, 5 years: NBCR 1.00VV 1.02; Market = 1

NBCR and VV in the news

All news⁠

Head-to-Head
IVW vs. VV: iShares’ growth ETF holds almost nothing Vanguard’s doesn’t, at six times the fee
Oct 28, 2026VV
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, 2026VV

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NBCR vs VV

In short

Stated mandate

Why people hold it

Worth knowing

How NBCR and VV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in NBCR

Only in VV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

IVW vs. VV: iShares’ growth ETF holds almost nothing Vanguard’s doesn’t, at six times the fee

Broad U.S. large-cap funds kept pace with the S&P 500 this year. The top 50 did not.

How NBCR and VV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in NBCR

Only in VV

Weight gaps