CBLS vs SCHD
Clough Hedged Equity ETF vs Schwab US Dividend Equity ETF
Which is better, CBLS or SCHD?
All Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. CBLS is less concentrated, with 35.4% of the fund in its ten largest positions against 41.5%.
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 | CBLS | SCHD |
|---|---|---|
| Expense Ratio | 1.89% | 0.06%Best |
| AUM | $56M | $112.2B |
| Dividend Yield | 0.82% | 3.13% |
| Holdings | 73 | 103 |
| Volatility (annualized) | 17.2% | 15.1%Best |
| Max Drawdown | -32.8% | -16.9%Best |
| $10,000 over 4.2 years | $13,962 | $15,707Best |
| Top 10 Weight | 35.4%Best | 41.5% |
| Fund Family | Changebridge Capital | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Value |
| Inception | Nov 13, 2020 | Oct 20, 2011 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 595 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. CBLS has data through Jan 17, 2025 and SCHD through Sep 4, 2026.
Volatility and max drawdown, and the $10,000 over 4.2 years row, are measured over the window both funds cover: Nov 13, 2020 to Jan 17, 2025 (4.2 years).
Risk: Volatility and Drawdowns
CBLS has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 15.1% 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 -32.8% for CBLS and -16.9% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.46. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CBLS charges 1.89% per year while SCHD charges 0.06%. On a $10,000 position that is $189 vs $6 annually, a gap of $183 per year that compounds over a long holding period. On income, CBLS currently yields 0.82% against 3.13% for SCHD.
Holdings Overlap
8.3% of CBLS's money is in holdings SCHD also owns. 5.7% of SCHD's money is in holdings CBLS also owns.
CBLS and SCHD share little of their money.
3 positions in common, counted across the 70 positions we hold weights for in CBLS and 100 in SCHD, against full books of 73 and 103.
What only one of them owns
Our book lists 95 positions for SCHD that do not appear in our book for CBLS (94.0% of the fund), and 30 for CBLS that do not appear in SCHD (78.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of CBLS and SCHD 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, CBLS or SCHD?
CBLS has an expense ratio of 1.89% while SCHD charges 0.06%. SCHD is the cheaper option, by $183 a year on a $10,000 investment.
Which is riskier, CBLS or SCHD?
CBLS has been the more volatile fund at 17.2% annualized versus 15.1% for SCHD. Worst drawdown: CBLS -32.8% vs SCHD -16.9%.
Should I hold both CBLS and SCHD?
CBLS and SCHD have a monthly-return correlation of 0.46, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CBLS and SCHD?
8.3% of CBLS's money is in holdings SCHD also owns. 5.7% of SCHD's is in holdings CBLS also owns. They hold 3 positions in common, counted across the 70 positions we hold weights for in CBLS and 100 in SCHD.
Which pays a higher dividend, CBLS or SCHD?
CBLS yields 0.82% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than CBLS?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. CBLS is less concentrated, with 35.4% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.