NCA vs SCHD
Nuveen California Municipal Value Fund Inc. vs Schwab US Dividend Equity ETF
Which is better, NCA or SCHD?
Municipal California against Large Cap Value.
SCHD 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 | NCA | SCHD |
|---|---|---|
| Expense Ratio | - | 0.06% |
| AUM | - | $112.1B |
| Dividend Yield | 3.92% | 3.00% |
| Holdings | 136 | 103 |
| YTD Return | +0.08% | +24.23%Best |
| 1Y Return | +4.18% | +27.90%Best |
| 3Y Return (annualized) | +5.01% | +15.55%Best |
| 5Y Return (annualized) | -0.45% | +9.97%Best |
| Volatility (annualized) | 9.6%Best | 13.6% |
| Max Drawdown | -25.4%Best | -33.4% |
| $10,000 over 5 years | $9,777 | $16,083Best |
| Fund Family | Nuveen | Charles Schwab Asset Management |
| Category | Tax Preferred | Equity |
| Style | Municipal California | Large Cap Value |
| Inception | Oct 7, 1987 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 17, 2026 (14.9 years).
NCA vs SCHD 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
NCA vs SCHD Performance
Nuveen California Municipal Value Fund Inc. (NCA) is an ETF from Nuveen and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year NCA returned +4.18% while SCHD returned +27.90%. Year to date, NCA is up 0.08% versus a gain of 24.23% for SCHD.
Over three years, NCA compounded at +5.01% per year against +15.55% for SCHD; over five years the annualized figures are -0.45% and +9.97% respectively. Across the full 15-year window we track, SCHD has the edge at +11.30% annualized vs +1.27%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 9.6% for NCA. 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 -25.4% for NCA and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.33. They move together some of the time, and apart the rest.
Holdings Overlap
We hold position weights for 74 holdings in NCA and 100 in SCHD, totalling 47.5% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 74 positions we hold weights for in NCA and 100 in SCHD, against full books of 136 and 103.
You are not choosing between two funds in isolation.
Whichever of NCA and SCHD 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 performed better, NCA or SCHD?
Over the past year NCA returned +4.18% vs +27.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), NCA annualized +1.27% vs +11.30% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NCA or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 9.6% for NCA. Worst drawdown: NCA -25.4% vs SCHD -33.4%.
Should I hold both NCA and SCHD?
NCA and SCHD have a monthly-return correlation of 0.33, 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, NCA or SCHD?
NCA yields 3.92% while SCHD yields 3.00%, so NCA currently pays the higher dividend yield.
Is SCHD better than NCA?
SCHD 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.