CBXJ vs SCHD
Calamos Bitcoin 90 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 | CBXJ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.06% | |
| AUM | $17M | $103.7B | |
| Dividend Yield | 2.23% | 3.31% | |
| Holdings | 7 | 104 | |
| YTD Return | -12.92% | +25.33% | |
| 1Y Return | -26.97% | +32.31% | |
| 3Y Return (annualized) | - | +15.40% | |
| 5Y Return (annualized) | - | +9.70% | |
| Volatility (annualized) | 14.9% | 13.6% | |
| Max Drawdown | -30.2% | -33.4% | |
| Fund Family | Calamos Investments | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Feb 4, 2025 | Oct 20, 2011 |
CBXJ vs SCHD Performance
Calamos Bitcoin 90 Series Structured Alt Protection ETF - January (CBXJ) 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 CBXJ returned -26.97% while SCHD returned +32.31%. Year to date, CBXJ is down 12.92% versus a gain of 25.33% for SCHD.
Risk: Volatility and Drawdowns
CBXJ has been the more volatile fund, with annualized monthly volatility of 14.9% 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 -30.2% for CBXJ 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
CBXJ 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, CBXJ currently yields 2.23% against 3.31% for SCHD.
Frequently Asked Questions
Which is cheaper, CBXJ or SCHD?
CBXJ 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, CBXJ or SCHD?
Over the past year CBXJ returned -26.97% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), CBXJ annualized -12.66% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, CBXJ or SCHD?
CBXJ has been the more volatile fund at 14.9% annualized versus 13.6% for SCHD. Worst drawdown: CBXJ -30.2% vs SCHD -33.4%.
Should I hold both CBXJ and SCHD?
CBXJ 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, CBXJ or SCHD?
CBXJ yields 2.23% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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