NPV vs SCHD
Nuveen Virginia Quality Municipal Income Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | NPV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.06% | |
| AUM | - | $103.7B | |
| Dividend Yield | 6.86% | 3.31% | |
| Holdings | 187 | 104 | |
| YTD Return | +2.59% | +25.33% | |
| 1Y Return | +6.40% | +32.31% | |
| 3Y Return (annualized) | +7.01% | +15.40% | |
| 5Y Return (annualized) | -3.19% | +9.70% | |
| Volatility (annualized) | 13.6% | 13.6% | |
| Max Drawdown | -52.7% | -33.4% | |
| Fund Family | Nuveen | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Mar 18, 1993 | Oct 20, 2011 |
NPV vs SCHD Performance
Nuveen Virginia Quality Municipal Income Fund (NPV) is a ETF from Nuveen and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year NPV returned +6.40% while SCHD returned +32.31%. Year to date, NPV is up 2.59% versus a gain of 25.33% for SCHD.
Over three years, NPV compounded at +7.01% per year against +15.40% for SCHD; over five years the annualized figures are -3.19% and +9.70% respectively. Across the full 15-year window we track, SCHD has the edge at +11.45% annualized vs +0.27%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NPV has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 13.6% for SCHD. 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 -52.7% for NPV 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 0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
NPV and SCHD share 0 holdings out of 160 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, NPV or SCHD?
Over the past year NPV returned +6.40% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), NPV annualized +0.27% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, NPV or SCHD?
NPV has been the more volatile fund at 13.6% annualized versus 13.6% for SCHD. Worst drawdown: NPV -52.7% vs SCHD -33.4%.
Should I hold both NPV and SCHD?
NPV and SCHD have a monthly-return correlation of 0.31, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NPV and SCHD?
NPV and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 160 unique securities.
Which pays a higher dividend, NPV or SCHD?
NPV yields 6.86% while SCHD yields 3.31%, so NPV currently pays the higher dividend yield.
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