NHYM vs SCHD
Nuveen High Yield Municipal Income ETF vs Schwab US Dividend Equity ETF
Which is better, NHYM or SCHD?
High Yield Municipal Bond 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 | NHYM | SCHD |
|---|---|---|
| Expense Ratio | 0.35% | 0.06%Best |
| AUM | $134M | $112.1B |
| Dividend Yield | 4.63% | 3.00% |
| Holdings | 263 | 103 |
| YTD Return | -1.26% | +24.59%Best |
| 1Y Return | +2.02% | +28.14%Best |
| 3Y Return (annualized) | - | +15.58% |
| 5Y Return (annualized) | - | +9.90% |
| Volatility (annualized) | 6.0%Best | 13.5% |
| Max Drawdown | -6.1%Best | -14.0% |
| $10,000 over 1.6 years | $10,215 | $12,726Best |
| Fund Family | Nuveen | Charles Schwab Asset Management |
| Category | Fixed Income | Equity |
| Style | High Yield Municipal Bond | Large Cap Value |
| Inception | Jan 22, 2025 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Jan 23, 2025 to Sep 10, 2026 (1.6 years).
NHYM 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 1.6 years both funds cover.
NHYM vs SCHD Performance
Nuveen High Yield Municipal Income ETF (NHYM) is an ETF from Nuveen and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year NHYM returned +2.02% while SCHD returned +28.14%. Year to date, NHYM is down 1.26% 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 13.5% compared with 6.0% 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 -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 0.37. They move together some of the time, and apart the rest.
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 4.63% against 3.00% for SCHD.
Holdings Overlap
At least 0.1% of SCHD's money is in holdings NHYM also owns.
Stated as a floor: for NHYM, our book for it covers 48.7% 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 104 positions we hold weights for in NHYM and 100 in SCHD, against full books of 263 and 103.
Top Shared Holdings
| Stock | Weight in NHYM | Weight in SCHD | Difference |
|---|---|---|---|
| GVMXXSsi Us Gov Money Market Class | 1.24% | 0.06% | 1.18% |
You are not choosing between two funds in isolation.
Whichever of NHYM 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, NHYM or SCHD?
NHYM has an expense ratio of 0.35% while SCHD charges 0.06%. SCHD is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, NHYM or SCHD?
Over the past year NHYM returned +2.02% vs +28.14% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), NHYM annualized +1.34% vs +16.26% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NHYM or SCHD?
SCHD has been the more volatile fund at 13.5% annualized versus 6.0% for NHYM. Worst drawdown: NHYM -6.1% vs SCHD -14.0%.
Should I hold both NHYM and SCHD?
NHYM and SCHD have a monthly-return correlation of 0.37, 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, NHYM or SCHD?
NHYM yields 4.63% while SCHD yields 3.00%, so NHYM currently pays the higher dividend yield.
Is SCHD better than NHYM?
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.