CBTY vs SCHD
Calamos Bitcoin 80 Series Structured Alt Protection ETF - July 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 104 holdings.
Side-by-Side Comparison
| Metric | CBTY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.06% | |
| AUM | $5M | $108.7B | |
| Dividend Yield | 1.63% | 3.13% | |
| Holdings | 7 | 104 | |
| YTD Return | -2.27% | +27.67% | |
| 1Y Return | -13.64% | +29.56% | |
| 3Y Return (annualized) | - | +16.53% | |
| 5Y Return (annualized) | - | +9.95% | |
| Volatility (annualized) | 17.0% | 13.6% | |
| Max Drawdown | -27.8% | -33.4% | |
| Fund Family | Calamos Investments | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jul 8, 2025 | Oct 20, 2011 |
CBTY vs SCHD Performance
Calamos Bitcoin 80 Series Structured Alt Protection ETF - July (CBTY) 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 CBTY returned -13.64% while SCHD returned +29.56%. Year to date, CBTY is down 2.27% versus a gain of 27.67% for SCHD.
Risk: Volatility and Drawdowns
CBTY has been the more volatile fund, with annualized monthly volatility of 17.0% 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 -27.8% for CBTY 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 -0.18. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CBTY 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, CBTY currently yields 1.63% against 3.13% for SCHD.
Frequently Asked Questions
Which is cheaper, CBTY or SCHD?
CBTY 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, CBTY or SCHD?
Over the past year CBTY returned -13.64% vs +29.56% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), CBTY annualized -10.61% vs +11.55% for SCHD. Past performance does not guarantee future results.
Which is riskier, CBTY or SCHD?
CBTY has been the more volatile fund at 17.0% annualized versus 13.6% for SCHD. Worst drawdown: CBTY -27.8% vs SCHD -33.4%.
Should I hold both CBTY and SCHD?
CBTY and SCHD have a monthly-return correlation of -0.18, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CBTY or SCHD?
CBTY yields 1.63% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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