NMT vs SCHD
Nuveen Massachusetts Quality Municipal Income Fund vs Schwab US Dividend Equity ETF
Which is better, NMT or SCHD?
Municipal Massachusetts against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y 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 | NMT | SCHD |
|---|---|---|
| Expense Ratio | 3.90% | 0.06%Best |
| AUM | - | $112.1B |
| Dividend Yield | 7.01% | 3.00% |
| Holdings | 114 | 103 |
| YTD Return | +2.92% | +23.60%Best |
| 1Y Return | +0.91% | +28.29%Best |
| 3Y Return (annualized) | +10.55% | +16.25%Best |
| 5Y Return (annualized) | -1.29% | +10.25%Best |
| Volatility (annualized) | 11.3%Best | 13.7% |
| Max Drawdown | -38.9% | -33.4%Best |
| $10,000 over 5 years | $9,371 | $16,289Best |
| Fund Family | Nuveen | Charles Schwab Asset Management |
| Category | Tax Preferred | Equity |
| Style | Municipal Massachusetts | Large Cap Value |
| Inception | Mar 18, 1993 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 21, 2026 (14.9 years).
NMT 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
NMT vs SCHD Performance
Nuveen Massachusetts Quality Municipal Income Fund (NMT) is an ETF from Nuveen and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year NMT returned +0.91% while SCHD returned +28.29%. Year to date, NMT is up 2.92% versus a gain of 23.60% for SCHD.
Over three years, NMT compounded at +10.55% per year against +16.25% for SCHD; over five years the annualized figures are -1.29% and +10.25% respectively. Across the full 15-year window we track, SCHD has the edge at +11.25% annualized vs +0.42%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 11.3% for NMT. 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 -38.9% for NMT and -33.4% 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 0.33. They move together some of the time, and apart the rest.
Fees and Cost Over Time
NMT charges 3.90% per year while SCHD charges 0.06%. On a $10,000 position that is $390 vs $6 annually, a gap of $384 per year that compounds over a long holding period. On income, NMT currently yields 7.01% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 27 holdings in NMT and 100 in SCHD, totalling 26.5% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 27 positions we hold weights for in NMT and 100 in SCHD, against full books of 114 and 103.
You are not choosing between two funds in isolation.
Whichever of NMT 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, NMT or SCHD?
NMT has an expense ratio of 3.90% while SCHD charges 0.06%. SCHD is the cheaper option, by $384 a year on a $10,000 investment.
Which performed better, NMT or SCHD?
Over the past year NMT returned +0.91% vs +28.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), NMT annualized +0.42% vs +11.25% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NMT or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 11.3% for NMT. Worst drawdown: NMT -38.9% vs SCHD -33.4%.
Should I hold both NMT and SCHD?
NMT and SCHD have a monthly-return correlation of 0.33, 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, NMT or SCHD?
NMT yields 7.01% while SCHD yields 3.00%, so NMT currently pays the higher dividend yield.
Is SCHD better than NMT?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.