CBSE vs SCHD
Clough Select Equity ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. CBSE delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | CBSE | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.86% | 0.06% | |
| AUM | $53M | $103.7B | |
| Dividend Yield | 0.26% | 3.31% | |
| Holdings | 39 | 104 | |
| YTD Return | +5.78% | +25.33% | |
| 1Y Return | +47.62% | +32.31% | |
| 3Y Return (annualized) | +12.66% | +15.40% | |
| 5Y Return (annualized) | - | +9.70% | |
| Volatility (annualized) | 22.2% | 13.6% | |
| Max Drawdown | -36.3% | -33.4% | |
| Fund Family | Changebridge Capital | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Nov 12, 2020 | Oct 20, 2011 |
CBSE vs SCHD Performance
Clough Select Equity ETF (CBSE) is a ETF from Changebridge Capital and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year CBSE returned +47.62% while SCHD returned +32.31%. Year to date, CBSE is up 5.78% versus a gain of 25.33% for SCHD.
Over three years, CBSE compounded at +12.66% per year against +15.40% for SCHD. Across the full 4-year window we track, CBSE has the edge at +14.85% annualized vs +11.45%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CBSE has been the more volatile fund, with annualized monthly volatility of 22.2% 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 -36.3% for CBSE 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CBSE charges 0.86% per year while SCHD charges 0.06%. On a $10,000 position that is $86 vs $6 annually, a gap of $80 per year that compounds over a long holding period. On income, CBSE currently yields 0.26% against 3.31% for SCHD.
Holdings Overlap
CBSE and SCHD share 1 holdings out of 137 unique holdings combined, representing a 1.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CBSE | Weight in SCHD | Difference |
|---|---|---|---|
| SLB:CW | 2.80% | 1.80% | 1.00% |
Frequently Asked Questions
Which is cheaper, CBSE or SCHD?
CBSE has an expense ratio of 0.86% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $80 per year of difference.
Which performed better, CBSE or SCHD?
Over the past year CBSE returned +47.62% vs +32.31% for SCHD, so CBSE leads on 1-year performance. Over the longest common window we track (4 years), CBSE annualized +14.85% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, CBSE or SCHD?
CBSE has been the more volatile fund at 22.2% annualized versus 13.6% for SCHD. Worst drawdown: CBSE -36.3% vs SCHD -33.4%.
Should I hold both CBSE and SCHD?
CBSE and SCHD have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CBSE and SCHD?
CBSE and SCHD share 1 common holdings with a 1.8% weight overlap. Combined, they hold 137 unique securities.
Which pays a higher dividend, CBSE or SCHD?
CBSE yields 0.26% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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