CBSE vs SCHD
Clough Select Equity ETF vs Schwab US Dividend Equity ETF
Which is better, CBSE or SCHD?
Large Cap Growth against Large Cap Value.
SCHD has a lower expense ratio. CBSE led over the full window, SCHD over 1Y. CBSE is less concentrated, with 29.7% of the fund in its ten largest positions against 41.8%.
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 | CBSE | SCHD |
|---|---|---|
| Expense Ratio | 0.85% | 0.06%Best |
| AUM | $49M | $112.1B |
| Dividend Yield | 0.29% | 3.00% |
| Holdings | 43 | 103 |
| Volatility (annualized) | 22.2% | 15.1%Best |
| Max Drawdown | -36.3% | -16.9%Best |
| $10,000 over 4.2 years | $17,888Best | $15,707 |
| Top 10 Weight | 29.7%Best | 41.8% |
| Fund Family | Changebridge Capital | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Nov 12, 2020 | Oct 20, 2011 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 609 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. CBSE has data through Jan 17, 2025 and SCHD through Sep 18, 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
CBSE has been the more volatile fund, with annualized monthly volatility of 22.2% 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 -36.3% for CBSE 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 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CBSE charges 0.85% per year while SCHD charges 0.06%. On a $10,000 position that is $85 vs $6 annually, a gap of $79 per year that compounds over a long holding period. On income, CBSE currently yields 0.29% against 3.00% for SCHD.
Holdings Overlap
5.6% of CBSE's money is in holdings SCHD also owns. 1.7% of SCHD's money is in holdings CBSE also owns.
CBSE and SCHD share little of their money.
2 positions in common, counted across the 39 positions we hold weights for in CBSE and 100 in SCHD, against full books of 43 and 103.
What only one of them owns
Our book lists 97 positions for SCHD that do not appear in our book for CBSE (98.2% of the fund), and 34 for CBSE that do not appear in SCHD (85.0%).
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 CBSE 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, CBSE or SCHD?
CBSE has an expense ratio of 0.85% while SCHD charges 0.06%. SCHD is the cheaper option, by $79 a year on a $10,000 investment.
Which is riskier, CBSE or SCHD?
CBSE has been the more volatile fund at 22.2% annualized versus 15.1% for SCHD. Worst drawdown: CBSE -36.3% vs SCHD -16.9%.
Should I hold both CBSE and SCHD?
CBSE and SCHD have a monthly-return correlation of 0.67, 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 CBSE and SCHD?
5.6% of CBSE's money is in holdings SCHD also owns. 1.7% of SCHD's is in holdings CBSE also owns. They hold 2 positions in common, counted across the 39 positions we hold weights for in CBSE and 100 in SCHD.
Which pays a higher dividend, CBSE or SCHD?
CBSE yields 0.29% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than CBSE?
SCHD has a lower expense ratio. CBSE led over the full window, SCHD over 1Y. CBSE is less concentrated, with 29.7% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.