CCD vs SCHD
Calamos Dynamic Convertible and Income Fund vs Schwab US Dividend Equity ETF
Which is better, CCD or SCHD?
Convertibles against Large Cap Value.
SCHD has a lower expense ratio. CCD led over 3Y, SCHD over 1Y, 5Y and the full window.
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 | CCD | SCHD |
|---|---|---|
| Expense Ratio | 2.10% | 0.06%Best |
| AUM | $972M | $112.1B |
| Dividend Yield | 4.13% | 3.00% |
| Holdings | 612 | 103 |
| YTD Return | +20.41% | +24.59%Best |
| 1Y Return | +26.14% | +28.14%Best |
| 3Y Return (annualized) | +17.84%Best | +15.58% |
| 5Y Return (annualized) | +4.58% | +9.90%Best |
| Volatility (annualized) | 21.0% | 14.8%Best |
| Max Drawdown | -60.9% | -33.4%Best |
| $10,000 over 5 years | $12,510 | $16,032Best |
| Fund Family | Calamos Investments | Charles Schwab Asset Management |
| Category | Convertible | Equity |
| Style | Convertibles | Large Cap Value |
| Inception | Mar 27, 2015 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Mar 27, 2015 to Sep 10, 2026 (11.5 years).
CCD vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 11.5 years both funds cover.
CCD vs SCHD Performance
Calamos Dynamic Convertible and Income Fund (CCD) is an ETF from Calamos Investments and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year CCD returned +26.14% while SCHD returned +28.14%. Year to date, CCD is up 20.41% versus a gain of 24.59% for SCHD.
Over three years, CCD compounded at +17.84% per year against +15.58% for SCHD; over five years the annualized figures are +4.58% and +9.90% respectively. Across the full 12-year window we track, SCHD has the edge at +10.54% annualized vs +4.58%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CCD has been the more volatile fund, with annualized monthly volatility of 21.0% compared with 14.8% 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 -60.9% for CCD and -33.4% 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 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CCD charges 2.10% per year while SCHD charges 0.06%. On a $10,000 position that is $210 vs $6 annually, a gap of $204 per year that compounds over a long holding period. On income, CCD currently yields 4.13% against 3.00% for SCHD.
Holdings Overlap
At least 3.7% of SCHD's money is in holdings CCD also owns.
Stated as a floor: for CCD, our book for it covers 88.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SCHD and CCD share little of their money.
The two holdings books were reported 212 days apart, CCD as of Jan 31, 2026 and SCHD as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
4 positions in common, counted across the 337 positions we hold weights for in CCD and 100 in SCHD, against full books of 612 and 103.
You are not choosing between two funds in isolation.
Whichever of CCD 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, CCD or SCHD?
CCD has an expense ratio of 2.10% while SCHD charges 0.06%. SCHD is the cheaper option, by $204 a year on a $10,000 investment.
Which performed better, CCD or SCHD?
Over the past year CCD returned +26.14% vs +28.14% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (12 years), CCD annualized +4.58% vs +10.54% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CCD or SCHD?
CCD has been the more volatile fund at 21.0% annualized versus 14.8% for SCHD. Worst drawdown: CCD -60.9% vs SCHD -33.4%.
Should I hold both CCD and SCHD?
CCD and SCHD have a monthly-return correlation of 0.64, 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 CCD and SCHD?
At least 3.7% of SCHD's money is in holdings CCD also owns. Our book for CCD is partial, so the real figure is this or higher. They hold 4 positions in common, counted across the 337 positions we hold weights for in CCD and 100 in SCHD.
Which pays a higher dividend, CCD or SCHD?
CCD yields 4.13% while SCHD yields 3.00%, so CCD currently pays the higher dividend yield.
Is SCHD better than CCD?
SCHD has a lower expense ratio. CCD led over 3Y, SCHD over 1Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.