NPV vs VYM
Nuveen Virginia Quality Municipal Income Fund vs Vanguard High Dividend Yield ETF
Which is better, NPV or VYM?
Municipal Virginia against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window.
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 | NPV | VYM |
|---|---|---|
| Expense Ratio | 3.70% | 0.04%Best |
| AUM | $200M | $78.9B |
| Dividend Yield | 7.68% | 2.37% |
| Holdings | 190 | 608 |
| YTD Return | -11.34% | +11.83%Best |
| 1Y Return | -13.24% | +15.96%Best |
| 3Y Return (annualized) | +6.39% | +18.60%Best |
| 5Y Return (annualized) | -5.69% | +11.51%Best |
| Volatility (annualized) | 14.6%Tie | 14.6%Tie |
| Max Drawdown | -46.5%Best | -58.8% |
| $10,000 over 5 years | $7,461 | $17,241Best |
| Fund Family | Nuveen | Vanguard (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal Virginia | Large Cap Value |
| Inception | Mar 18, 1993 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Oct 14, 2026 (19.9 years).
NPV vs VYM 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 19.9 years both funds cover.
NPV vs VYM Performance
Nuveen Virginia Quality Municipal Income Fund (NPV) is an ETF from Nuveen and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year NPV returned -13.24% while VYM returned +15.96%. Year to date, NPV is down 11.34% versus a gain of 11.83% for VYM.
Over three years, NPV compounded at +6.39% per year against +18.60% for VYM; over five years the annualized figures are -5.69% and +11.51% respectively. Across the full 20-year window we track, VYM has the edge at +6.82% annualized vs -0.97%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NPV and VYM have been equally volatile, both at 14.6% annualized.
The deepest peak-to-trough decline in our data was -46.5% for NPV and -58.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.22. They move largely independently of each other.
Fees and Cost Over Time
NPV charges 3.70% per year while VYM charges 0.04%. On a $10,000 position that is $370 vs $4 annually, a gap of $366 per year that compounds over a long holding period. On income, NPV currently yields 7.68% against 2.37% for VYM.
Holdings Overlap
We hold position weights for 56 holdings in NPV and 602 in VYM, totalling 32.0% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 56 positions we hold weights for in NPV and 602 in VYM, against full books of 190 and 608.
You are not choosing between two funds in isolation.
Whichever of NPV and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NPV or VYM?
NPV has an expense ratio of 3.70% while VYM charges 0.04%. VYM is the cheaper option, by $366 a year on a $10,000 investment.
Which performed better, NPV or VYM?
Over the past year NPV returned -13.24% vs +15.96% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), NPV annualized -0.97% vs +6.82% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NPV or VYM?
NPV and VYM have been equally volatile, both at 14.6% annualized. Worst drawdown: NPV -46.5% vs VYM -58.8%.
Should I hold both NPV and VYM?
NPV and VYM have a monthly-return correlation of 0.22, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, NPV or VYM?
NPV yields 7.68% while VYM yields 2.37%, so NPV currently pays the higher dividend yield.
Is VYM better than NPV?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.