NCV vs SCHD
NCV vs SCHD
Virtus Convertible & Income Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. NCV delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | NCV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.45% | 0.06% | |
| AUM | $418M | $103.7B | |
| Dividend Yield | 8.42% | 3.31% | |
| Holdings | 220 | 104 | |
| YTD Return | +18.35% | +23.53% | |
| 1Y Return | +31.59% | +30.95% | |
| 3Y Return (annualized) | +20.31% | +14.72% | |
| 5Y Return (annualized) | +4.30% | +9.56% | |
| Volatility (annualized) | 26.1% | 13.6% | |
| Max Drawdown | -84.8% | -33.4% | |
| Fund Family | Virtus Investment Partners | Charles Schwab Asset Management | |
| Category | Convertible | Equity | |
| Inception | Mar 31, 2003 | Oct 20, 2011 |
NCV vs SCHD Performance
Virtus Convertible & Income Fund (NCV) is a ETF from Virtus Investment Partners and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year NCV returned +31.59% while SCHD returned +30.95%. Year to date, NCV is up 18.35% versus a gain of 23.53% for SCHD.
Over three years, NCV compounded at +20.31% per year against +14.72% for SCHD; over five years the annualized figures are +4.30% and +9.56% respectively. Across the full 15-year window we track, SCHD has the edge at +11.35% annualized vs -2.67%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NCV has been the more volatile fund, with annualized monthly volatility of 26.1% compared with 13.6% 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 -84.8% for NCV 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NCV charges 1.45% per year while SCHD charges 0.06%. On a $10,000 position that is $145 vs $6 annually, a gap of $139 per year that compounds over a long holding period. On income, NCV currently yields 8.42% against 3.31% for SCHD.
Holdings Overlap
NCV and SCHD share 0 holdings out of 197 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, NCV or SCHD?
NCV has an expense ratio of 1.45% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $139 per year of difference.
Which performed better, NCV or SCHD?
Over the past year NCV returned +31.59% vs +30.95% for SCHD, so NCV leads on 1-year performance. Over the longest common window we track (15 years), NCV annualized -2.67% vs +11.35% for SCHD. Past performance does not guarantee future results.
Which is riskier, NCV or SCHD?
NCV has been the more volatile fund at 26.1% annualized versus 13.6% for SCHD. Worst drawdown: NCV -84.8% vs SCHD -33.4%.
Should I hold both NCV and SCHD?
NCV and SCHD have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NCV and SCHD?
NCV and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 197 unique securities.
Which pays a higher dividend, NCV or SCHD?
NCV yields 8.42% while SCHD yields 3.31%, so NCV currently pays the higher dividend yield.
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