NCA vs SCHD
NCA vs SCHD
Nuveen California Municipal Value Fund Inc. vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | NCA | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.06% | |
| AUM | - | $103.7B | |
| Dividend Yield | 3.79% | 3.31% | |
| Holdings | 136 | 104 | |
| YTD Return | +3.38% | +24.26% | |
| 1Y Return | +9.83% | +31.38% | |
| 3Y Return (annualized) | +6.06% | +15.08% | |
| 5Y Return (annualized) | +0.38% | +9.72% | |
| Volatility (annualized) | 10.0% | 13.6% | |
| Max Drawdown | -32.5% | -33.4% | |
| Fund Family | Nuveen | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 7, 1987 | Oct 20, 2011 |
NCA vs SCHD Performance
Nuveen California Municipal Value Fund Inc. (NCA) is a ETF from Nuveen and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year NCA returned +9.83% while SCHD returned +31.38%. Year to date, NCA is up 3.38% versus a gain of 24.26% for SCHD.
Over three years, NCA compounded at +6.06% per year against +15.08% for SCHD; over five years the annualized figures are +0.38% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +0.24%. 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 10.0% 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 -32.5% for NCA and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.33. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
NCA and SCHD share 0 holdings out of 173 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, NCA or SCHD?
Over the past year NCA returned +9.83% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), NCA annualized +0.24% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, NCA or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 10.0% for NCA. Worst drawdown: NCA -32.5% vs SCHD -33.4%.
Should I hold both NCA and SCHD?
NCA and SCHD have a monthly-return correlation of 0.33, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NCA and SCHD?
NCA and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 173 unique securities.
Which pays a higher dividend, NCA or SCHD?
NCA yields 3.79% while SCHD yields 3.31%, so NCA currently pays the higher dividend yield.
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