CBTA vs SCHD
CBTA vs SCHD
Calamos Bitcoin 80 Series Structured Alt Protection ETF - April 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 | CBTA | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.06% | |
| AUM | $5M | $103.7B | |
| Dividend Yield | 1.21% | 3.31% | |
| Holdings | 7 | 104 | |
| YTD Return | -25.23% | +24.26% | |
| 1Y Return | -33.99% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 24.9% | 13.6% | |
| Max Drawdown | -39.8% | -33.4% | |
| Fund Family | Calamos Investments | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Apr 7, 2025 | Oct 20, 2011 |
CBTA vs SCHD Performance
Calamos Bitcoin 80 Series Structured Alt Protection ETF - April (CBTA) 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 CBTA returned -33.99% while SCHD returned +31.38%. Year to date, CBTA is down 25.23% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
CBTA has been the more volatile fund, with annualized monthly volatility of 24.9% 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 -39.8% for CBTA 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 -0.20. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CBTA 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, CBTA currently yields 1.21% against 3.31% for SCHD.
Frequently Asked Questions
Which is cheaper, CBTA or SCHD?
CBTA 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, CBTA or SCHD?
Over the past year CBTA returned -33.99% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), CBTA annualized -11.21% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, CBTA or SCHD?
CBTA has been the more volatile fund at 24.9% annualized versus 13.6% for SCHD. Worst drawdown: CBTA -39.8% vs SCHD -33.4%.
Should I hold both CBTA and SCHD?
CBTA and SCHD have a monthly-return correlation of -0.20, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CBTA or SCHD?
CBTA yields 1.21% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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