NYF vs SCHD
iShares New York Municipal Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. NYF offers more diversification with 202 holdings.
Side-by-Side Comparison
| Metric | NYF | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.06% | |
| AUM | $1.4B | $103.7B | |
| Dividend Yield | 3.08% | 3.31% | |
| Holdings | 894 | 104 | |
| YTD Return | +0.55% | +24.26% | |
| 1Y Return | +4.90% | +31.38% | |
| 3Y Return (annualized) | +3.05% | +15.08% | |
| 5Y Return (annualized) | +0.58% | +9.72% | |
| Volatility (annualized) | 5.7% | 13.6% | |
| Max Drawdown | -13.2% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 4, 2007 | Oct 20, 2011 |
NYF vs SCHD Performance
iShares New York Municipal Bond ETF (NYF) is a ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year NYF returned +4.90% while SCHD returned +31.38%. Year to date, NYF is up 0.55% versus a gain of 24.26% for SCHD.
Over three years, NYF compounded at +3.05% per year against +15.08% for SCHD; over five years the annualized figures are +0.58% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +0.97%. 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 5.7% for NYF. 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 -13.2% for NYF 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 0.28. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NYF charges 0.25% per year while SCHD charges 0.06%. On a $10,000 position that is $25 vs $6 annually, a gap of $19 per year that compounds over a long holding period. On income, NYF currently yields 3.08% against 3.31% for SCHD.
Holdings Overlap
NYF and SCHD share 0 holdings out of 302 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NYF or SCHD?
NYF has an expense ratio of 0.25% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $19 per year of difference.
Which performed better, NYF or SCHD?
Over the past year NYF returned +4.90% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), NYF annualized +0.97% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, NYF or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 5.7% for NYF. Worst drawdown: NYF -13.2% vs SCHD -33.4%.
Should I hold both NYF and SCHD?
NYF and SCHD have a monthly-return correlation of 0.28, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NYF and SCHD?
NYF and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 302 unique securities.
Which pays a higher dividend, NYF or SCHD?
NYF yields 3.08% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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