NDMO vs SCHD
NDMO vs SCHD
Nuveen Dynamic Municipal Opportunities Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. NDMO offers more diversification with 198 holdings.
Side-by-Side Comparison
| Metric | NDMO | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 2.92% | 0.06% | |
| AUM | - | $103.7B | |
| Dividend Yield | 7.09% | 3.31% | |
| Holdings | 543 | 104 | |
| YTD Return | +3.39% | +24.26% | |
| 1Y Return | +9.81% | +31.38% | |
| 3Y Return (annualized) | +5.06% | +15.08% | |
| 5Y Return (annualized) | -3.82% | +9.72% | |
| Volatility (annualized) | 18.2% | 13.6% | |
| Max Drawdown | -42.5% | -33.4% | |
| Fund Family | Nuveen | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Aug 26, 2020 | Oct 20, 2011 |
NDMO vs SCHD Performance
Nuveen Dynamic Municipal Opportunities Fund (NDMO) is a ETF from Nuveen and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year NDMO returned +9.81% while SCHD returned +31.38%. Year to date, NDMO is up 3.39% versus a gain of 24.26% for SCHD.
Over three years, NDMO compounded at +5.06% per year against +15.08% for SCHD; over five years the annualized figures are -3.82% and +9.72% respectively. Across the full 6-year window we track, SCHD has the edge at +11.39% annualized vs -0.47%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NDMO has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 13.6% for SCHD. 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 -42.5% for NDMO 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 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NDMO charges 2.92% per year while SCHD charges 0.06%. On a $10,000 position that is $292 vs $6 annually, a gap of $286 per year that compounds over a long holding period. On income, NDMO currently yields 7.09% against 3.31% for SCHD.
Holdings Overlap
NDMO and SCHD share 0 holdings out of 298 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NDMO or SCHD?
NDMO has an expense ratio of 2.92% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $286 per year of difference.
Which performed better, NDMO or SCHD?
Over the past year NDMO returned +9.81% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), NDMO annualized -0.47% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, NDMO or SCHD?
NDMO has been the more volatile fund at 18.2% annualized versus 13.6% for SCHD. Worst drawdown: NDMO -42.5% vs SCHD -33.4%.
Should I hold both NDMO and SCHD?
NDMO and SCHD have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NDMO and SCHD?
NDMO and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 298 unique securities.
Which pays a higher dividend, NDMO or SCHD?
NDMO yields 7.09% while SCHD yields 3.31%, so NDMO currently pays the higher dividend yield.
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