NULC vs SCHD
Nuveen ESG Large-Cap ETF vs Schwab US Dividend Equity ETF
Which is better, NULC or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. NULC led over 3Y and the full window, SCHD over 1Y and 5Y. NULC is less concentrated, with 32.5% of the fund in its ten largest positions against 41.8%.
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 | NULC | SCHD |
|---|---|---|
| Expense Ratio | 0.21% | 0.06%Best |
| AUM | $72M | $112.1B |
| Dividend Yield | 0.88% | 3.00% |
| Holdings | 138 | 103 |
| YTD Return | +13.67% | +25.84%Best |
| 1Y Return | +16.97% | +30.18%Best |
| 3Y Return (annualized) | +19.33%Best | +16.08% |
| 5Y Return (annualized) | +9.83% | +9.97%Best |
| Volatility (annualized) | 16.9% | 16.2%Best |
| Max Drawdown | -34.9% | -33.4%Best |
| $10,000 over 5 years | $15,981 | $16,083Best |
| Top 10 Weight | 32.5%Best | 41.8% |
| Fund Family | Nuveen | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jun 3, 2019 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Jun 4, 2019 to Sep 15, 2026 (7.3 years).
NULC 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 covers the 7.3 years both funds cover.
NULC vs SCHD Performance
Nuveen ESG Large-Cap ETF (NULC) is an ETF from Nuveen and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year NULC returned +16.97% while SCHD returned +30.18%. Year to date, NULC is up 13.67% versus a gain of 25.84% for SCHD.
Over three years, NULC compounded at +19.33% per year against +16.08% for SCHD; over five years the annualized figures are +9.83% and +9.97% respectively. Across the full 7-year window we track, NULC has the edge at +14.97% annualized vs +12.94%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NULC has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 16.2% 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 -34.9% for NULC 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NULC charges 0.21% per year while SCHD charges 0.06%. On a $10,000 position that is $21 vs $6 annually, a gap of $15 per year that compounds over a long holding period. On income, NULC currently yields 0.88% against 3.00% for SCHD.
Holdings Overlap
9.6% of NULC's money is in holdings SCHD also owns. 38.8% of SCHD's money is in holdings NULC also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 128 positions we hold weights for in NULC and 100 in SCHD, against full books of 138 and 103.
What only one of them owns
Our book lists 86 positions for SCHD that do not appear in our book for NULC (61.1% of the fund), and 112 for NULC that do not appear in SCHD (89.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in NULC | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 1.58% | 4.77% | 3.19% |
| KOCoca Cola Co. | 1.74% | 4.17% | 2.43% |
| PGProcter & Gamble Company | 1.56% | 3.83% | 2.27% |
| AMGNAmgen Inc. | 0.26% | 4.70% | 4.44% |
| HDHome Depot Inc/The | 0.79% | 3.88% | 3.09% |
| VZVerizon Communic | 0.65% | 3.97% | 3.32% |
| ADPAutomatic Data Processing, Inc. | 0.42% | 2.79% | 2.37% |
| ACNAccenture Plc | 0.05% | 2.84% | 2.79% |
| CMCSAComcast Corp-class A Cmcsa | 0.51% | 2.31% | 1.80% |
| OKEOneok Inc. | 0.91% | 1.47% | 0.56% |
38.8% of SCHD is already inside NULC.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NULC or SCHD?
NULC has an expense ratio of 0.21% while SCHD charges 0.06%. SCHD is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, NULC or SCHD?
Over the past year NULC returned +16.97% vs +30.18% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (7 years), NULC annualized +14.97% vs +12.94% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NULC or SCHD?
NULC has been the more volatile fund at 16.9% annualized versus 16.2% for SCHD. Worst drawdown: NULC -34.9% vs SCHD -33.4%.
Should I hold both NULC and SCHD?
NULC and SCHD have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between NULC and SCHD?
38.8% of SCHD's money is in holdings NULC also owns. 38.8% of SCHD's is in holdings NULC also owns. They hold 13 positions in common, counted across the 128 positions we hold weights for in NULC and 100 in SCHD.
Which pays a higher dividend, NULC or SCHD?
NULC yields 0.88% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than NULC?
SCHD has a lower expense ratio. NULC led over 3Y and the full window, SCHD over 1Y and 5Y. NULC is less concentrated, with 32.5% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.