NPV vs VYM
Nuveen Virginia Quality Municipal Income Fund vs Vanguard High Dividend Yield ETF
Which is better, NPV or VYM?
Municipal Virginia against Large Cap Value.
VYM 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 | NPV | VYM |
|---|---|---|
| Expense Ratio | - | 0.04% |
| AUM | - | $81.6B |
| Dividend Yield | 7.04% | 2.22% |
| Holdings | 187 | 613 |
| YTD Return | -7.46% | +10.96%Best |
| 1Y Return | -9.13% | +15.42%Best |
| 3Y Return (annualized) | +6.49% | +17.78%Best |
| 5Y Return (annualized) | -5.09% | +12.05%Best |
| Volatility (annualized) | 14.5%Best | 14.6% |
| Max Drawdown | -46.5%Best | -58.8% |
| $10,000 over 5 years | $7,701 | $17,663Best |
| Fund Family | Nuveen | Vanguard (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal Virginia | Large Cap Value |
| Inception | Mar 18, 1993 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 22, 2026 (19.8 years).
NPV vs VYM 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 19.8 years both funds cover.
NPV vs VYM Performance
Nuveen Virginia Quality Municipal Income Fund (NPV) is an ETF from Nuveen and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year NPV returned -9.13% while VYM returned +15.42%. Year to date, NPV is down 7.46% versus a gain of 10.96% for VYM.
Over three years, NPV compounded at +6.49% per year against +17.78% for VYM; over five years the annualized figures are -5.09% and +12.05% respectively. Across the full 20-year window we track, VYM has the edge at +6.80% annualized vs -0.76%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 14.5% for NPV. 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 -46.5% for NPV and -58.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.22. They move largely independently of each other.
Holdings Overlap
We hold position weights for 60 holdings in NPV and 557 in VYM, totalling 56.7% and 99.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 153 days apart, NPV as of Feb 28, 2026 and VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 60 positions we hold weights for in NPV and 557 in VYM, against full books of 187 and 613.
You are not choosing between two funds in isolation.
Whichever of NPV and VYM 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 performed better, NPV or VYM?
Over the past year NPV returned -9.13% vs +15.42% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), NPV annualized -0.76% vs +6.80% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NPV or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 14.5% for NPV. Worst drawdown: NPV -46.5% vs VYM -58.8%.
Should I hold both NPV and VYM?
NPV and VYM have a monthly-return correlation of 0.22, 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, NPV or VYM?
NPV yields 7.04% while VYM yields 2.22%, so NPV currently pays the higher dividend yield.
Is VYM better than NPV?
VYM 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.