NRK vs SCHD
Nuveen New York AMT-Free Quality Municipal Income Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD delivered stronger 1-year returns. NRK offers more diversification with 101 holdings.
Side-by-Side Comparison
| Metric | NRK | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.06% | |
| AUM | - | $103.7B | |
| Dividend Yield | 7.52% | 3.31% | |
| Holdings | 230 | 104 | |
| YTD Return | +9.23% | +25.62% | |
| 1Y Return | +20.35% | +32.62% | |
| 3Y Return (annualized) | +8.73% | +15.58% | |
| 5Y Return (annualized) | -0.26% | +9.63% | |
| Volatility (annualized) | 12.2% | 13.6% | |
| Max Drawdown | -46.4% | -33.4% | |
| Fund Family | Nuveen | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Nov 21, 2002 | Oct 20, 2011 |
NRK vs SCHD Performance
Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) is a ETF from Nuveen and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year NRK returned +20.35% while SCHD returned +32.62%. Year to date, NRK is up 9.23% versus a gain of 25.62% for SCHD.
Over three years, NRK compounded at +8.73% per year against +15.58% for SCHD; over five years the annualized figures are -0.26% and +9.63% respectively. Across the full 15-year window we track, SCHD has the edge at +11.47% annualized vs -0.16%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 12.2% for NRK. 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 -46.4% for NRK 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
NRK and SCHD share 0 holdings out of 201 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, NRK or SCHD?
Over the past year NRK returned +20.35% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), NRK annualized -0.16% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, NRK or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 12.2% for NRK. Worst drawdown: NRK -46.4% vs SCHD -33.4%.
Should I hold both NRK and SCHD?
NRK and SCHD have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NRK and SCHD?
NRK and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 201 unique securities.
Which pays a higher dividend, NRK or SCHD?
NRK yields 7.52% while SCHD yields 3.31%, so NRK currently pays the higher dividend yield.
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