NHYM vs SCHD
Nuveen High Yield Municipal Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. NHYM offers more diversification with 199 holdings.
Side-by-Side Comparison
| Metric | NHYM | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.06% | |
| AUM | $136M | $103.7B | |
| Dividend Yield | 4.49% | 3.31% | |
| Holdings | 199 | 104 | |
| YTD Return | +2.05% | +26.21% | |
| 1Y Return | +8.21% | +29.99% | |
| 3Y Return (annualized) | - | +15.73% | |
| 5Y Return (annualized) | - | +9.67% | |
| Volatility (annualized) | 5.5% | 13.6% | |
| Max Drawdown | -6.1% | -33.4% | |
| Fund Family | Nuveen | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 22, 2025 | Oct 20, 2011 |
NHYM vs SCHD Performance
Nuveen High Yield Municipal Income ETF (NHYM) is a ETF from Nuveen and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year NHYM returned +8.21% while SCHD returned +29.99%. Year to date, NHYM is up 2.05% versus a gain of 26.21% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 5.5% for NHYM. 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 -6.1% for NHYM 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 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NHYM charges 0.35% per year while SCHD charges 0.06%. On a $10,000 position that is $35 vs $6 annually, a gap of $29 per year that compounds over a long holding period. On income, NHYM currently yields 4.49% against 3.31% for SCHD.
Holdings Overlap
NHYM and SCHD share 1 holdings out of 188 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in NHYM | Weight in SCHD | Difference |
|---|---|---|---|
| GVMXX | 1.54% | 0.04% | 1.50% |
Frequently Asked Questions
Which is cheaper, NHYM or SCHD?
NHYM has an expense ratio of 0.35% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, NHYM or SCHD?
Over the past year NHYM returned +8.21% vs +29.99% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), NHYM annualized +3.59% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, NHYM or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 5.5% for NHYM. Worst drawdown: NHYM -6.1% vs SCHD -33.4%.
Should I hold both NHYM and SCHD?
NHYM and SCHD have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NHYM and SCHD?
NHYM and SCHD share 1 common holdings with a 0.0% weight overlap. Combined, they hold 188 unique securities.
Which pays a higher dividend, NHYM or SCHD?
NHYM yields 4.49% while SCHD yields 3.31%, so NHYM currently pays the higher dividend yield.
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