CCEF vs SCHD
Calamos CEF Income & Arbitrage ETF vs Schwab US Dividend Equity ETF
Which is better, CCEF or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. CCEF is less concentrated, with 33.1% of the fund in its ten largest positions against 41.5%.
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 | CCEF | SCHD |
|---|---|---|
| Expense Ratio | 3.19% | 0.06%Best |
| AUM | $36M | $112.2B |
| Dividend Yield | 8.03% | 3.13% |
| Holdings | 58 | 103 |
| YTD Return | +8.44% | +27.56%Best |
| 1Y Return | +11.81% | +30.29%Best |
| 3Y Return (annualized) | - | +16.37% |
| 5Y Return (annualized) | - | +10.23% |
| Volatility (annualized) | 9.5%Best | 12.8% |
| Max Drawdown | -14.1%Best | -16.1% |
| $10,000 over 2.6 years | $14,349 | $15,028Best |
| Top 10 Weight | 33.1%Best | 41.5% |
| Fund Family | Calamos Investments | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jan 16, 2024 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Jan 16, 2024 to Sep 4, 2026 (2.6 years).
CCEF 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 2.6 years both funds cover.
CCEF vs SCHD Performance
Calamos CEF Income & Arbitrage ETF (CCEF) 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 CCEF returned +11.81% while SCHD returned +30.29%. Year to date, CCEF is up 8.44% versus a gain of 27.56% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 9.5% for CCEF. 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 -14.1% for CCEF and -16.1% 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 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CCEF charges 3.19% per year while SCHD charges 0.06%. On a $10,000 position that is $319 vs $6 annually, a gap of $313 per year that compounds over a long holding period. On income, CCEF currently yields 8.03% against 3.13% for SCHD.
Holdings Overlap
We hold position weights for 56 holdings in CCEF and 100 in SCHD, totalling 96.2% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 56 positions we hold weights for in CCEF and 100 in SCHD, against full books of 58 and 103.
What only one of them owns
Our book lists 98 positions for SCHD that do not appear in our book for CCEF (99.7% of the fund), and 54 for CCEF that do not appear in SCHD (94.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of CCEF 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, CCEF or SCHD?
CCEF has an expense ratio of 3.19% while SCHD charges 0.06%. SCHD is the cheaper option, by $313 a year on a $10,000 investment.
Which performed better, CCEF or SCHD?
Over the past year CCEF returned +11.81% vs +30.29% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CCEF or SCHD?
SCHD has been the more volatile fund at 12.8% annualized versus 9.5% for CCEF. Worst drawdown: CCEF -14.1% vs SCHD -16.1%.
Should I hold both CCEF and SCHD?
CCEF and SCHD have a monthly-return correlation of 0.67, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CCEF or SCHD?
CCEF yields 8.03% while SCHD yields 3.13%, so CCEF currently pays the higher dividend yield.
Is SCHD better than CCEF?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. CCEF is less concentrated, with 33.1% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.