SCHD vs. NYF
SCHD (Schwab U.S. Dividend Equity ETF) and NYF (iShares New York Muni Bond ETF) are both exchange-traded funds - SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index, while NYF is a Municipal Bonds fund tracking the S&P New York AMT-Free Municipal Bond Index. Both are passively managed. Over the past 10 years, SCHD returned 12.82%/yr vs 1.76%/yr for NYF. At a correlation of -0.03, they often move in opposite directions. SCHD charges 0.06%/yr vs 0.25%/yr for NYF.
Performance
SCHD vs. NYF - Performance Comparison
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Returns By Period
In the year-to-date period, SCHD achieves a 19.60% return, which is significantly higher than NYF's 1.58% return. Over the past 10 years, SCHD has outperformed NYF with an annualized return of 12.82%, while NYF has yielded a comparatively lower 1.76% annualized return.
SCHD
- 1D
- 0.84%
- 1M
- 2.42%
- YTD
- 19.60%
- 6M
- 18.52%
- 1Y
- 25.79%
- 3Y*
- 14.80%
- 5Y*
- 8.55%
- 10Y*
- 12.82%
NYF
- 1D
- 0.17%
- 1M
- 0.63%
- YTD
- 1.58%
- 6M
- 1.84%
- 1Y
- 6.63%
- 3Y*
- 3.28%
- 5Y*
- 0.76%
- 10Y*
- 1.76%
SCHD vs. NYF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHD Schwab U.S. Dividend Equity ETF | 19.60% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -5.56% | 20.85% |
NYF iShares New York Muni Bond ETF | 1.58% | 3.64% | 1.13% | 5.76% | -7.75% | 1.34% | 4.18% | 6.49% | 0.66% | 5.02% |
Correlation
The correlation between SCHD and NYF is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | -0.03 |
The correlation between SCHD and NYF shifts across timeframes, from -0.03 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCHD vs. NYF — Risk / Return Rank
SCHD
NYF
SCHD vs. NYF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Dividend Equity ETF (SCHD) and iShares New York Muni Bond ETF (NYF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SCHD | NYF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.52 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.61 | 2.41 | +3.20 |
| Martin ratioReturn relative to average drawdown | 13.71 | 8.60 | +5.10 |
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Drawdowns
SCHD vs. NYF - Drawdown Comparison
The maximum SCHD drawdown since its inception was -33.37%, which is greater than NYF's maximum drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for SCHD and NYF.
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Drawdown Indicators
| SCHD | NYF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.37% | -13.12% | -20.25% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -2.76% | -1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -5.68% | -10.45% |
Max Drawdown (5Y)Largest decline over 5 years | -16.85% | -12.71% | -4.14% |
Max Drawdown (10Y)Largest decline over 10 years | -33.37% | -13.12% | -20.25% |
Current DrawdownCurrent decline from peak | -0.91% | -0.50% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -2.31% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 0.77% | +1.12% |
Volatility
SCHD vs. NYF - Volatility Comparison
Schwab U.S. Dividend Equity ETF (SCHD) has a higher volatility of 2.96% compared to iShares New York Muni Bond ETF (NYF) at 0.97%. This indicates that SCHD's price experiences larger fluctuations and is considered to be riskier than NYF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHD | NYF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 0.97% | +1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 7.60% | 2.10% | +5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.91% | 2.76% | +8.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.38% | 4.00% | +10.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.72% | 4.48% | +12.24% |
SCHD vs. NYF - Expense Ratio Comparison
SCHD has a 0.06% expense ratio, which is lower than NYF's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SCHD vs. NYF - Dividend Comparison
SCHD's dividend yield for the trailing twelve months is around 3.25%, more than NYF's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NYF iShares New York Muni Bond ETF | 3.09% | 2.99% | 2.77% | 2.36% | 2.04% | 1.85% | 1.98% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% |
SCHD Schwab U.S. Dividend Equity ETF | 3.25% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
Frequently Asked Questions
SCHD and NYF have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHD has higher volatility (2.96%) compared to NYF (0.97%). In terms of maximum drawdown, SCHD dropped -33.37% vs NYF's -13.12%.
On 10-year performance, SCHD leads with 12.82% vs 1.76% for NYF. On fees, SCHD is cheaper at 0.06% per year. On volatility, NYF has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHD has performed better with a 12.82% return vs 1.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHD is cheaper with a 0.06% expense ratio, compared with 0.25% for NYF.
SCHD has the higher dividend yield at 3.25%, compared with 3.09% for NYF.
SCHD is categorized as Dividend, while NYF is Municipal Bonds. SCHD tracks Dow Jones U.S. Dividend 100 Index, while NYF tracks S&P New York AMT-Free Municipal Bond Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.06% for SCHD and 0.25% for NYF.
NYF currently has the higher Sharpe Ratio (2.41 vs 2.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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