NAC vs VYM
Nuveen California Quality Municipal Income Fund vs Vanguard High Dividend Yield ETF
Which is better, NAC or VYM?
Municipal California against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NAC | VYM |
|---|---|---|
| Expense Ratio | 3.79% | 0.04%Best |
| AUM | - | $81.6B |
| Dividend Yield | 7.80% | 2.22% |
| Holdings | 346 | 613 |
| YTD Return | -4.72% | +10.23%Best |
| 1Y Return | +1.17% | +14.28%Best |
| 3Y Return (annualized) | +9.83% | +17.50%Best |
| 5Y Return (annualized) | -1.90% | +11.60%Best |
| Volatility (annualized) | 13.3%Best | 14.6% |
| Max Drawdown | -53.6%Best | -58.8% |
| $10,000 over 5 years | $9,085 | $17,311Best |
| Fund Family | Nuveen | Vanguard (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal California | Large Cap Value |
| Inception | May 26, 1999 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 23, 2026 (19.9 years).
NAC vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 19.9 years both funds cover.
NAC vs VYM Performance
Nuveen California Quality Municipal Income Fund (NAC) is an ETF from Nuveen and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year NAC returned +1.17% while VYM returned +14.28%. Year to date, NAC is down 4.72% versus a gain of 10.23% for VYM.
Over three years, NAC compounded at +9.83% per year against +17.50% for VYM; over five years the annualized figures are -1.90% and +11.60% respectively. Across the full 20-year window we track, VYM has the edge at +6.76% annualized vs -0.29%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 13.3% for NAC. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -53.6% for NAC and -58.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.26. They move largely independently of each other.
Fees and Cost Over Time
NAC charges 3.79% per year while VYM charges 0.04%. On a $10,000 position that is $379 vs $4 annually, a gap of $375 per year that compounds over a long holding period. On income, NAC currently yields 7.80% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 2 holdings in NAC and 557 in VYM, totalling 0.4% and 99.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 61 days apart, NAC as of May 31, 2026 and VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 2 positions we hold weights for in NAC and 557 in VYM, against full books of 346 and 613.
You are not choosing between two funds in isolation.
Whichever of NAC and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NAC or VYM?
NAC has an expense ratio of 3.79% while VYM charges 0.04%. VYM is the cheaper option, by $375 a year on a $10,000 investment.
Which performed better, NAC or VYM?
Over the past year NAC returned +1.17% vs +14.28% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), NAC annualized -0.29% vs +6.76% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NAC or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 13.3% for NAC. Worst drawdown: NAC -53.6% vs VYM -58.8%.
Should I hold both NAC and VYM?
NAC and VYM have a monthly-return correlation of 0.26, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, NAC or VYM?
NAC yields 7.80% while VYM yields 2.22%, so NAC currently pays the higher dividend yield.
Is VYM better than NAC?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.