NPV vs VYM
Nuveen Virginia Quality Municipal Income Fund vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | NPV | VYM | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.04% | |
| AUM | - | $79.0B | |
| Dividend Yield | 6.86% | 2.86% | |
| Holdings | 187 | 568 | |
| YTD Return | +2.59% | +15.80% | |
| 1Y Return | +6.69% | +26.12% | |
| 3Y Return (annualized) | +7.08% | +18.25% | |
| 5Y Return (annualized) | -3.19% | +12.51% | |
| Volatility (annualized) | 13.6% | 14.6% | |
| Max Drawdown | -52.7% | -58.8% | |
| Fund Family | Nuveen | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Mar 18, 1993 | Nov 10, 2006 |
NPV vs VYM Performance
Nuveen Virginia Quality Municipal Income Fund (NPV) is a ETF from Nuveen and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year NPV returned +6.69% while VYM returned +26.12%. Year to date, NPV is up 2.59% versus a gain of 15.80% for VYM.
Over three years, NPV compounded at +7.08% per year against +18.25% for VYM; over five years the annualized figures are -3.19% and +12.51% respectively. Across the full 20-year window we track, VYM has the edge at +7.07% annualized vs +0.27%. 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 13.6% 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 -52.7% for NPV and -58.8% for VYM. 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 0.21. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
NPV and VYM share 0 holdings out of 618 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 VYM?
Over the past year NPV returned +6.69% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), NPV annualized +0.27% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, NPV or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 13.6% for NPV. Worst drawdown: NPV -52.7% vs VYM -58.8%.
Should I hold both NPV and VYM?
NPV and VYM have a monthly-return correlation of 0.21, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NPV and VYM?
NPV and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 618 unique securities.
Which pays a higher dividend, NPV or VYM?
NPV yields 6.86% while VYM yields 2.86%, so NPV currently pays the higher dividend yield.
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