NHYM vs VOO
Nuveen High Yield Municipal Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | NHYM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $137M | $997.4B | |
| Dividend Yield | 4.58% | 1.08% | |
| Holdings | 263 | 509 | |
| YTD Return | +1.68% | +12.25% | |
| 1Y Return | +8.54% | +20.92% | |
| 3Y Return (annualized) | - | +21.79% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 5.5% | 14.1% | |
| Max Drawdown | -6.1% | -34.3% | |
| Fund Family | Nuveen | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 22, 2025 | Sep 7, 2010 |
NHYM vs VOO Performance
Nuveen High Yield Municipal Income ETF (NHYM) is a ETF from Nuveen and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year NHYM returned +8.54% while VOO returned +20.92%. Year to date, NHYM is up 1.68% versus a gain of 12.25% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NHYM charges 0.35% per year while VOO charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, NHYM currently yields 4.58% against 1.08% for VOO.
Holdings Overlap
NHYM and VOO share 0 holdings out of 610 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, NHYM or VOO?
NHYM has an expense ratio of 0.35% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, NHYM or VOO?
Over the past year NHYM returned +8.54% vs +20.92% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), NHYM annualized +3.31% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, NHYM or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 5.5% for NHYM. Worst drawdown: NHYM -6.1% vs VOO -34.3%.
Should I hold both NHYM and VOO?
NHYM and VOO have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NHYM and VOO?
NHYM and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 610 unique securities.
Which pays a higher dividend, NHYM or VOO?
NHYM yields 4.58% while VOO yields 1.08%, so NHYM currently pays the higher dividend yield.
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