NCLO vs SCHD
Nuveen AA-BBB CLO ETF vs Schwab US Dividend Equity ETF
Which is better, NCLO or SCHD?
Bank Loan against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y 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 | NCLO | SCHD |
|---|---|---|
| Expense Ratio | 0.26% | 0.06%Best |
| AUM | $154M | $112.1B |
| Dividend Yield | 5.73% | 3.00% |
| Holdings | 103 | 103 |
| YTD Return | +3.82% | +24.59%Best |
| 1Y Return | +5.74% | +28.14%Best |
| 3Y Return (annualized) | - | +15.58% |
| 5Y Return (annualized) | - | +9.90% |
| Volatility (annualized) | 1.2%Best | 13.1% |
| Max Drawdown | -3.0%Best | -14.0% |
| $10,000 over 1.7 years | $10,971 | $12,630Best |
| Fund Family | Nuveen | Charles Schwab Asset Management |
| Category | Fixed Income | Equity |
| Style | Bank Loan | Large Cap Value |
| Inception | Dec 10, 2024 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Dec 11, 2024 to Sep 10, 2026 (1.7 years).
NCLO 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 covers the 1.7 years both funds cover.
NCLO vs SCHD Performance
Nuveen AA-BBB CLO ETF (NCLO) is an ETF from Nuveen and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year NCLO returned +5.74% while SCHD returned +28.14%. Year to date, NCLO is up 3.82% versus a gain of 24.59% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.1% compared with 1.2% for NCLO. 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 -3.0% for NCLO and -14.0% 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 0.31. They move together some of the time, and apart the rest.
Fees and Cost Over Time
NCLO charges 0.26% per year while SCHD charges 0.06%. On a $10,000 position that is $26 vs $6 annually, a gap of $20 per year that compounds over a long holding period. On income, NCLO currently yields 5.73% against 3.00% for SCHD.
Holdings Overlap
At least 0.1% of SCHD's money is in holdings NCLO also owns.
Stated as a floor: for NCLO, our book for it covers 1.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 2 positions we hold weights for in NCLO and 100 in SCHD, against full books of 103 and 103.
Top Shared Holdings
| Stock | Weight in NCLO | Weight in SCHD | Difference |
|---|---|---|---|
| GVMXXSsi Us Gov Money Market Class | 1.10% | 0.06% | 1.04% |
You are not choosing between two funds in isolation.
Whichever of NCLO 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 is cheaper, NCLO or SCHD?
NCLO has an expense ratio of 0.26% while SCHD charges 0.06%. SCHD is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, NCLO or SCHD?
Over the past year NCLO returned +5.74% vs +28.14% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), NCLO annualized +5.60% vs +14.72% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NCLO or SCHD?
SCHD has been the more volatile fund at 13.1% annualized versus 1.2% for NCLO. Worst drawdown: NCLO -3.0% vs SCHD -14.0%.
Should I hold both NCLO and SCHD?
NCLO and SCHD have a monthly-return correlation of 0.31, 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, NCLO or SCHD?
NCLO yields 5.73% while SCHD yields 3.00%, so NCLO currently pays the higher dividend yield.
Is SCHD better than NCLO?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.