NBSDvsTFIETF Comparison
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Neuberger Berman Short Duration Income ETF (NBSD) belongs to the Intl Aggregate Bonds segment. State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) is part of the Municipal Bonds segment. NBSD's top 3 sector exposures are Finance, Industrials and Sovereign. In contrast, TFI's top sector exposures are Municipal. NBSD is more expensive with a Total Expense Ratio (TER) of 0.42%, versus 0.23% for TFI. NBSD is up 1.81% year-to-date (YTD) with +$1.08B in YTD flows. TFI performs worse with -0.24% YTD performance, and +$5M in YTD flows. Run a side-by-side ETF comparison of NBSD and TFI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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NBSD vs TFI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NBSD TFI | +0.80%+3.76% | +0.29%-0.57% | +1.81%-0.24% | +2.80%+0.12% | n/a+10.88% | n/a-1.31% |
| Flows | NBSD TFI | +$217M-$33M | +$566M-$166M | +$1.08B+$5M | +$1.24B-$50M | --$510M | --$549M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NBSD TFI | +1.36%+5.60% | +1.27%+3.53% | n/a+4.05% | n/a+4.17% |
| Max drawdown | NBSD TFI | -0.95%-6.01% | -1.04%-7.00% | n/a-7.00% | n/a-14.88% |
| Max drawdown duration | NBSD TFI | 71d83d | 61d248d | n/a248d | n/a1513d |
Trading data
NBSD | TFI | |
Last sale 11/5/2026 at 2:30 PM | $50.10 | $44.39 |
| Previous close 11/04/2026 | $50.08 | $44.25 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of November 6, 2026
1-year trailing difference
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NBSD
is actively managed and doesn’t replicate an indexNBSD | TFI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/5/2026 at 2:30 PM
Live
Closed
NBSD | TFI | |
|---|---|---|
| Last price | $50.10 | $44.39 |
| 1D performance | +0.04% | +0.32% |
| AuM | $1.77 B | $2.92 B |
| E/R | 0.42% | 0.23% |
Characteristics
NBSD | TFI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Neuberger Berman | State Street Investment Management |
| Benchmark | - | ICE 1+ Year AMT-Free Broad Municipal Index |
| N° of holdings | 450 | 826 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 24, 2024 | September 11, 2007 |
| ESG | No | No |
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Exposure
Countries
NBSD
USA
38.32%
Other
61.68%
TFI
USA
42.95%
Other
57.05%
Sectors
NBSD
Finance
15.29%
Industrials
11.29%
Other
73.42%
TFI
Municipal
42.95%
Other
57.05%
Diversification
NBSD
Total weight of top 15 holdings out of 15
11.92%
TFI
Total weight of top 15 holdings out of 15
2.82%
Top 15 holdings
Data as of September 30, 2026
NBSD
USA, Notes 3.375% 31dec2027, USD (BM-2027)
2.14%
JP Morgan, 4.915% 24jan2029, USD
1.12%
USA, Notes 3.5% 31jan2028, USD (U-2028)
1.04%
NVIDIA, 4.35% 15jun2029, USD
0.83%
Societe Generale, 5.371% 27may2032, USD (52)
0.76%
CVS Health, 4.3% 25mar2028, USD
0.70%
Morgan Stanley, 4.868% 12jul2029, USD
0.69%
US3136G8CQ50
0.68%
Boeing, 6.298% 1may2029, USD
0.67%
Goldman Sachs, 1.948% 21oct2027, USD
0.61%
Aercap Ireland Capital, 4.875% 1apr2028, USD
0.59%
US31418E2D11
0.53%
US3137HQUY56
0.52%
US172967QN45
0.52%
US3137HPBB81
0.52%
TFI
Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B)
0.22%
State of Washington, 5% 1feb2028, USD (2024A)
0.22%
US373385LV30
0.21%
US764581KP80
0.20%
US574193VL92
0.20%
US010831EC55
0.19%
California, 5% 1nov2032, USD
0.19%
California Community Choice Financing Authority, 5% 1may2054, USD (2024A)
0.18%
California, 5% 1nov2031, USD
0.18%
City of New York, 5% 1aug2029, USD
0.18%
US452152B916
0.18%
US207758N749
0.18%
US13068XJP50
0.17%
US13013JBJ43
0.16%
US64972LBD47
0.16%
Frequently asked questions about NBSD and TFI
How have the NBSD and TFI ETFs performed in 2026?
As of November 4, 2026, NBSD is up 1.81% year-to-date (YTD), while TFI has lost -0.24%. That puts NBSD better performer ahead so far this year.
Which ETF is attracting more investor money: NBSD or TFI?
Year-to-date, the NBSD ETF saw +$1.08B in flows, compared to +$5M for TFI.
Which ETF is more volatile: NBSD or TFI?
Over the past year, NBSD had a volatility of 1.27%, while TFI experienced 3.53%.
Which ETF is bigger: NBSD or TFI?
As of November 4, 2026, NBSD holds $1.77 B in assets under management (AUM), while TFI manages $2.92 B.
What sectors do the NBSD and TFI ETFs invest in?
NBSD leans toward sectors like Finance and Industrials. Meanwhile, TFI focuses on Municipal.
What are the top holdings of the NBSD ETF and TFI ETF?
NBSD top holdings include USA, Notes 3.375% 31dec2027, USD (BM-2027), JP Morgan, 4.915% 24jan2029, USD and USA, Notes 3.5% 31jan2028, USD (U-2028). TFI holds in its top three: Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B), State of Washington, 5% 1feb2028, USD (2024A) and US373385LV30.
Which ETF is more diversified: NBSD or TFI?
NBSD holds 1129 securities with 11.92% of its assets in the top 15. TFI has 1926 securities and a top 15 weight of 2.82%.
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Latest news about NBSD & TFI
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