CBTJ vs SCHD
Calamos Bitcoin 80 Series 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 | CBTJ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.06% | |
| AUM | $24M | $103.7B | |
| Dividend Yield | 1.83% | 3.31% | |
| Holdings | 7 | 104 | |
| YTD Return | -21.79% | +25.58% | |
| 1Y Return | -39.14% | +31.06% | |
| 3Y Return (annualized) | - | +15.55% | |
| 5Y Return (annualized) | - | +9.61% | |
| Volatility (annualized) | 22.2% | 13.6% | |
| Max Drawdown | -42.4% | -33.4% | |
| Fund Family | Calamos Investments | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Feb 4, 2025 | Oct 20, 2011 |
CBTJ vs SCHD Performance
Calamos Bitcoin 80 Series Structured Alt Protection ETF - January (CBTJ) 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 CBTJ returned -39.14% while SCHD returned +31.06%. Year to date, CBTJ is down 21.79% versus a gain of 25.58% for SCHD.
Risk: Volatility and Drawdowns
CBTJ 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 -42.4% for CBTJ 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 -0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CBTJ 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, CBTJ currently yields 1.83% against 3.31% for SCHD.
Frequently Asked Questions
Which is cheaper, CBTJ or SCHD?
CBTJ 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, CBTJ or SCHD?
Over the past year CBTJ returned -39.14% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), CBTJ annualized -20.12% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, CBTJ or SCHD?
CBTJ has been the more volatile fund at 22.2% annualized versus 13.6% for SCHD. Worst drawdown: CBTJ -42.4% vs SCHD -33.4%.
Should I hold both CBTJ and SCHD?
CBTJ and SCHD have a monthly-return correlation of -0.32, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CBTJ or SCHD?
CBTJ yields 1.83% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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