CCEF vs SCHD
Calamos CEF Income & Arbitrage ETF 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 | CCEF | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 3.19% | 0.06% | |
| AUM | $35M | $108.7B | |
| Dividend Yield | 8.03% | 3.13% | |
| Holdings | 55 | 104 | |
| YTD Return | +9.40% | +26.54% | |
| 1Y Return | +13.82% | +30.90% | |
| 3Y Return (annualized) | - | +16.29% | |
| 5Y Return (annualized) | - | +9.65% | |
| Volatility (annualized) | 9.5% | 13.6% | |
| Max Drawdown | -14.1% | -33.4% | |
| Fund Family | Calamos Investments | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jan 16, 2024 | Oct 20, 2011 |
CCEF vs SCHD Performance
Calamos CEF Income & Arbitrage ETF (CCEF) 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 CCEF returned +13.82% while SCHD returned +30.90%. Year to date, CCEF is up 9.40% versus a gain of 26.54% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% 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 -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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
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
CCEF and SCHD share 0 holdings out of 156 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $313 per year of difference.
Which performed better, CCEF or SCHD?
Over the past year CCEF returned +13.82% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), CCEF annualized +15.66% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, CCEF or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 9.5% for CCEF. Worst drawdown: CCEF -14.1% vs SCHD -33.4%.
Should I hold both CCEF and SCHD?
CCEF and SCHD have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CCEF and SCHD?
CCEF and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 156 unique securities.
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.
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