NOEQvsPBUSETF Comparison
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Northern Trust US Equity ETF (NOEQ) belongs to the US Multi-Factor segment. Invesco PureBeta MSCI USA ETF (PBUS) is part of the US Large Cap segment. NOEQ's top 3 sector exposures are Technology, Healthcare and Industrials. In contrast, PBUS's top sector exposures are Technology, Finance and Healthcare. NOEQ is more expensive with a Total Expense Ratio (TER) of 0.12%, versus 0.04% for PBUS. Run a side-by-side ETF comparison of NOEQ and PBUS 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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NOEQ vs PBUS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NOEQ PBUS | -2.01%-1.37% | +2.34%+2.39% | n/a+12.71% | n/a+15.22% | n/a+88.88% | n/a+76.73% |
| Flows | NOEQ PBUS | +$227K-$756M | +$588K-$982M | --$1.17B | --$19M | -+$3.64B | -+$4.81B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NOEQ PBUS | +10.67%+11.26% | n/a+12.88% | n/a+15.13% | n/a+17.21% |
| Max drawdown | NOEQ PBUS | -2.55%-3.10% | n/a-9.06% | n/a-19.13% | n/a-25.42% |
| Max drawdown duration | NOEQ PBUS | 30d53d | n/a77d | n/a126d | n/a715d |
Trading data
NOEQ | PBUS | |
Last sale 10/22/2026 at 1:30 PM | $29.29 | $76.16 |
| Previous close 10/22/2026 | $29.77 | $76.56 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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NOEQ
is actively managed and doesn’t replicate an indexNOEQ | PBUS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/22/2026 at 1:30 PM
Live
Closed
NOEQ | PBUS | |
|---|---|---|
| Last price | $29.29 | $76.16 |
| 1D performance | -1.61% | -0.52% |
| AuM | $887.60 M | $10.63 B |
| E/R | 0.12% | 0.04% |
Characteristics
NOEQ | PBUS | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Northern Trust | Invesco |
| Benchmark | - | MSCI USA Index |
| N° of holdings | 2996 | 522 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 20, 2026 | September 22, 2017 |
| ESG | No | No |
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Exposure
Countries
NOEQ
USA
98.68%
Other
1.32%
PBUS
USA
97.35%
Other
2.65%
Sectors
NOEQ
Technology
40.18%
Healthcare
17.57%
Industrials
9.65%
Energy
9.21%
Other
23.39%
PBUS
Technology
44.86%
Finance
13.58%
Healthcare
9.25%
Consumer Non-Cycl.
8.85%
Industrials
7.7%
Other
15.76%
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Diversification
NOEQ
Total weight of top 15 holdings out of 15
62.85%
PBUS
Total weight of top 15 holdings out of 15
42.8%
Top 15 holdings
Data as of August 31, 2026
NOEQ
Alphabet, Inc.
6.98%
NVIDIA Corp.
6.79%
Apple, Inc.
5.67%
Merck & Co., Inc.
5.56%
Amazon.com, Inc.
4.98%
Johnson & Johnson
4.74%
ExxonMobil Holdings Corp.
4.38%
Microsoft Corp.
4.33%
Eli Lilly & Co.
4.13%
Chevron Corp.
3.96%
The Boeing Co.
3.25%
GE Aerospace
2.34%
Broadcom Inc.
2.11%
Moody's Corp.
2.03%
Intel Corp.
1.61%
PBUS
NVIDIA Corp.
7.91%
Apple, Inc.
6.94%
Microsoft Corp.
5.36%
Amazon.com, Inc.
3.73%
Alphabet, Inc.
2.98%
Broadcom Inc.
2.51%
Alphabet, Inc.
2.35%
Meta Platforms, Inc.
1.88%
Micron Technology, Inc.
1.59%
Tesla, Inc.
1.50%
JPMorgan Chase & Co.
1.43%
Eli Lilly & Co.
1.42%
Advanced Micro Devices, Inc.
1.17%
Berkshire Hathaway, Inc.
1.05%
ExxonMobil Holdings Corp.
0.98%
Frequently asked questions about NOEQ and PBUS
Which ETF is bigger: NOEQ or PBUS?
As of October 22, 2026, NOEQ holds $887.60 M in assets under management (AUM), while PBUS manages $10.63 B.
What sectors do the NOEQ and PBUS ETFs invest in?
NOEQ leans toward sectors like Technology, Healthcare and Industrials. Meanwhile, PBUS focuses on Technology, Finance and Healthcare.
What are the top holdings of the NOEQ ETF and PBUS ETF?
NOEQ top holdings include Alphabet, Inc., NVIDIA Corp. and Apple, Inc.. PBUS holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: NOEQ or PBUS?
NOEQ holds 3024 securities with 62.85% of its assets in the top 15. PBUS has 525 securities and a top 15 weight of 42.8%.
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