CDEI vs SCHD
Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF vs Schwab US Dividend Equity ETF
Which is better, CDEI or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. CDEI led over the full window, SCHD over 1Y. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 50.3%.
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 | CDEI | SCHD |
|---|---|---|
| Expense Ratio | 0.14% | 0.06%Best |
| AUM | $19M | $119.9B |
| Dividend Yield | 0.95% | 2.96% |
| Holdings | 466 | 204 |
| Volatility (annualized) | 12.2%Best | 14.0% |
| Max Drawdown | -19.5% | -16.1%Best |
| $10,000 over 3.7 years | $18,951Best | $15,600 |
| Top 10 Weight | 50.3% | 41.8%Best |
| Fund Family | Calvert | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jan 30, 2023 | Oct 20, 2011 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 19 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. CDEI has data through Oct 23, 2026 and SCHD through Nov 11, 2026.
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 1, 2023 to Oct 23, 2026 (3.7 years).
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 14.0% compared with 12.2% for CDEI. 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 -19.5% for CDEI 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 0.41. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CDEI charges 0.14% per year while SCHD charges 0.06%. On a $10,000 position that is $14 vs $6 annually, a gap of $8 per year that compounds over a long holding period. On income, CDEI currently yields 0.95% against 2.96% for SCHD.
Holdings Overlap
8.1% of CDEI's money is in holdings SCHD also owns. 38.8% of SCHD's money is in holdings CDEI also owns.
The two portfolios partly overlap.
18 positions in common, counted across the 230 positions we hold weights for in CDEI and 98 in SCHD, against full books of 466 and 204.
What only one of them owns
Our book lists 79 positions for SCHD that do not appear in our book for CDEI (61.0% of the fund), and 205 for CDEI that do not appear in SCHD (91.3%).
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.
Top Shared Holdings
| Stock | Weight in CDEI | Weight in SCHD | Difference |
|---|---|---|---|
| PGProcter & Gamble Company | 1.36% | 4.36% | 3.00% |
| TXNTexas Instrument Inc | 1.08% | 4.53% | 3.45% |
| MRKMerck & Company Inc | 1.43% | 4.00% | 2.57% |
| HDHome Depot Inc | 0.71% | 3.82% | 3.11% |
| ABTAbbot Laboratories | 0.68% | 3.84% | 3.16% |
| VZVerizon Communic | 0.77% | 3.64% | 2.87% |
| BMYBristol-Myers Squibb Co. | 0.50% | 3.02% | 2.52% |
| ADPAutomatic Data Processing, Inc. | 0.41% | 2.78% | 2.37% |
| CMCSAComcast Corp. Class A | 0.31% | 1.86% | 1.55% |
| UPSUnited Parcel Service Inc | 0.13% | 1.79% | 1.66% |
38.8% of SCHD is already inside CDEI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CDEI or SCHD?
CDEI has an expense ratio of 0.14% while SCHD charges 0.06%. SCHD is the cheaper option, by $8 a year on a $10,000 investment.
Which is riskier, CDEI or SCHD?
SCHD has been the more volatile fund at 14.0% annualized versus 12.2% for CDEI. Worst drawdown: CDEI -19.5% vs SCHD -16.1%.
Should I hold both CDEI and SCHD?
CDEI and SCHD have a monthly-return correlation of 0.41, 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 CDEI and SCHD?
38.8% of SCHD's money is in holdings CDEI also owns. 38.8% of SCHD's is in holdings CDEI also owns. They hold 18 positions in common, counted across the 230 positions we hold weights for in CDEI and 98 in SCHD.
Which pays a higher dividend, CDEI or SCHD?
CDEI yields 0.95% while SCHD yields 2.96%, so SCHD currently pays the higher dividend yield.
Is SCHD better than CDEI?
SCHD has a lower expense ratio. CDEI led over the full window, SCHD over 1Y. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 50.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.