NJNK vs SCHD
Columbia US High Yield ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. NJNK offers more diversification with 462 holdings.
Side-by-Side Comparison
| Metric | NJNK | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.46% | 0.06% | |
| AUM | $40M | $108.7B | |
| Dividend Yield | 6.44% | 3.13% | |
| Holdings | 462 | 104 | |
| YTD Return | +2.29% | +27.67% | |
| 1Y Return | +5.48% | +31.26% | |
| 3Y Return (annualized) | - | +16.66% | |
| 5Y Return (annualized) | - | +10.18% | |
| Volatility (annualized) | 3.1% | 13.6% | |
| Max Drawdown | -4.5% | -33.4% | |
| Fund Family | Columbia Threadneedle Investments | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 5, 2024 | Oct 20, 2011 |
NJNK vs SCHD Performance
Columbia US High Yield ETF (NJNK) is a ETF from Columbia Threadneedle Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year NJNK returned +5.48% while SCHD returned +31.26%. Year to date, NJNK is up 2.29% versus a gain of 27.67% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 3.1% for NJNK. 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 -4.5% for NJNK 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 0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NJNK charges 0.46% per year while SCHD charges 0.06%. On a $10,000 position that is $46 vs $6 annually, a gap of $40 per year that compounds over a long holding period. On income, NJNK currently yields 6.44% against 3.13% for SCHD.
Holdings Overlap
NJNK and SCHD share 0 holdings out of 445 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, NJNK or SCHD?
NJNK has an expense ratio of 0.46% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, NJNK or SCHD?
Over the past year NJNK returned +5.48% vs +31.26% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), NJNK annualized +5.81% vs +11.57% for SCHD. Past performance does not guarantee future results.
Which is riskier, NJNK or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 3.1% for NJNK. Worst drawdown: NJNK -4.5% vs SCHD -33.4%.
Should I hold both NJNK and SCHD?
NJNK and SCHD have a monthly-return correlation of 0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NJNK and SCHD?
NJNK and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 445 unique securities.
Which pays a higher dividend, NJNK or SCHD?
NJNK yields 6.44% while SCHD yields 3.13%, so NJNK currently pays the higher dividend yield.
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