CHI vs SCHD
Calamos Convertible Opportunities and Income Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. CHI delivered stronger 1-year returns. CHI offers more diversification with 624 holdings.
Side-by-Side Comparison
| Metric | CHI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.83% | 0.06% | |
| AUM | $1.5B | $108.7B | |
| Dividend Yield | 8.77% | 3.13% | |
| Holdings | 624 | 104 | |
| YTD Return | +29.00% | +28.70% | |
| 1Y Return | +40.35% | +32.27% | |
| 3Y Return (annualized) | +17.52% | +17.27% | |
| 5Y Return (annualized) | +6.70% | +10.23% | |
| Volatility (annualized) | 19.6% | 13.7% | |
| Max Drawdown | -73.3% | -33.4% | |
| Fund Family | Calamos Investments | Charles Schwab Asset Management | |
| Category | Convertible | Equity | |
| Inception | Jun 26, 2002 | Oct 20, 2011 |
CHI vs SCHD Performance
Calamos Convertible Opportunities and Income Fund (CHI) 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 CHI returned +40.35% while SCHD returned +32.27%. Year to date, CHI is up 29.00% versus a gain of 28.70% for SCHD.
Over three years, CHI compounded at +17.52% per year against +17.27% for SCHD; over five years the annualized figures are +6.70% and +10.23% respectively. Across the full 15-year window we track, SCHD has the edge at +11.63% annualized vs +1.63%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CHI has been the more volatile fund, with annualized monthly volatility of 19.6% compared with 13.7% 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 -73.3% for CHI 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CHI charges 1.83% per year while SCHD charges 0.06%. On a $10,000 position that is $183 vs $6 annually, a gap of $177 per year that compounds over a long holding period. On income, CHI currently yields 8.77% against 3.13% for SCHD.
Holdings Overlap
CHI and SCHD share 1 holdings out of 610 unique holdings combined, representing a 0.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CHI | Weight in SCHD | Difference |
|---|---|---|---|
| ARES | 0.88% | 0.72% | 0.16% |
Frequently Asked Questions
Which is cheaper, CHI or SCHD?
CHI has an expense ratio of 1.83% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $177 per year of difference.
Which performed better, CHI or SCHD?
Over the past year CHI returned +40.35% vs +32.27% for SCHD, so CHI leads on 1-year performance. Over the longest common window we track (15 years), CHI annualized +1.63% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, CHI or SCHD?
CHI has been the more volatile fund at 19.6% annualized versus 13.7% for SCHD. Worst drawdown: CHI -73.3% vs SCHD -33.4%.
Should I hold both CHI and SCHD?
CHI and SCHD have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CHI and SCHD?
CHI and SCHD share 1 common holdings with a 0.7% weight overlap. Combined, they hold 610 unique securities.
Which pays a higher dividend, CHI or SCHD?
CHI yields 8.77% while SCHD yields 3.13%, so CHI currently pays the higher dividend yield.
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