CBOJ vs SCHD
Calamos Bitcoin Structured Alt Protection ETF - January vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | CBOJ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.06% | |
| AUM | $18M | $103.7B | |
| Dividend Yield | 3.20% | 3.31% | |
| Holdings | 7 | 104 | |
| YTD Return | -1.74% | +25.62% | |
| 1Y Return | -6.43% | +32.62% | |
| 3Y Return (annualized) | - | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 4.6% | 13.6% | |
| Max Drawdown | -8.4% | -33.4% | |
| Fund Family | Calamos Investments | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jan 22, 2025 | Oct 20, 2011 |
CBOJ vs SCHD Performance
Calamos Bitcoin Structured Alt Protection ETF - January (CBOJ) is a ETF from Calamos Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year CBOJ returned -6.43% while SCHD returned +32.62%. Year to date, CBOJ is down 1.74% versus a gain of 25.62% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 4.6% for CBOJ. 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 -8.4% for CBOJ 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 -0.25. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CBOJ charges 0.69% per year while SCHD charges 0.06%. On a $10,000 position that is $69 vs $6 annually, a gap of $63 per year that compounds over a long holding period. On income, CBOJ currently yields 3.20% against 3.31% for SCHD.
Frequently Asked Questions
Which is cheaper, CBOJ or SCHD?
CBOJ has an expense ratio of 0.69% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $63 per year of difference.
Which performed better, CBOJ or SCHD?
Over the past year CBOJ returned -6.43% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), CBOJ annualized -1.53% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, CBOJ or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 4.6% for CBOJ. Worst drawdown: CBOJ -8.4% vs SCHD -33.4%.
Should I hold both CBOJ and SCHD?
CBOJ and SCHD have a monthly-return correlation of -0.25, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CBOJ or SCHD?
CBOJ yields 3.20% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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