NUMI vs SCHD
Nuveen Municipal Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. NUMI offers more diversification with 275 holdings.
Side-by-Side Comparison
| Metric | NUMI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.06% | |
| AUM | $85M | $108.7B | |
| Dividend Yield | 3.68% | 3.13% | |
| Holdings | 275 | 104 | |
| YTD Return | +0.36% | +27.67% | |
| 1Y Return | +5.70% | +31.26% | |
| 3Y Return (annualized) | - | +16.66% | |
| 5Y Return (annualized) | - | +10.18% | |
| Volatility (annualized) | 4.5% | 13.6% | |
| Max Drawdown | -4.7% | -33.4% | |
| Fund Family | Nuveen | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Jan 22, 2025 | Oct 20, 2011 |
NUMI vs SCHD Performance
Nuveen Municipal Income ETF (NUMI) is a ETF from Nuveen and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year NUMI returned +5.70% while SCHD returned +31.26%. Year to date, NUMI is up 0.36% versus a gain of 27.67% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 4.5% for NUMI. 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 -4.7% for NUMI 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 0.29. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NUMI charges 0.30% per year while SCHD charges 0.06%. On a $10,000 position that is $30 vs $6 annually, a gap of $24 per year that compounds over a long holding period. On income, NUMI currently yields 3.68% against 3.13% for SCHD.
Holdings Overlap
NUMI and SCHD share 1 holdings out of 211 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in NUMI | Weight in SCHD | Difference |
|---|---|---|---|
| GVMXX | 0.91% | 0.05% | 0.86% |
Frequently Asked Questions
Which is cheaper, NUMI or SCHD?
NUMI has an expense ratio of 0.30% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
Which performed better, NUMI or SCHD?
Over the past year NUMI returned +5.70% vs +31.26% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), NUMI annualized +2.77% vs +11.57% for SCHD. Past performance does not guarantee future results.
Which is riskier, NUMI or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 4.5% for NUMI. Worst drawdown: NUMI -4.7% vs SCHD -33.4%.
Should I hold both NUMI and SCHD?
NUMI and SCHD have a monthly-return correlation of 0.29, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NUMI and SCHD?
NUMI and SCHD share 1 common holdings with a 0.1% weight overlap. Combined, they hold 211 unique securities.
Which pays a higher dividend, NUMI or SCHD?
NUMI yields 3.68% while SCHD yields 3.13%, so NUMI currently pays the higher dividend yield.
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