CLOZ vs SCHD
CLOZ vs SCHD
Eldridge BBB-B CLO 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 100 holdings.
Side-by-Side Comparison
| Metric | CLOZ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.06% | |
| AUM | $778M | $103.7B | |
| Dividend Yield | 6.82% | 3.31% | |
| Holdings | 169 | 104 | |
| YTD Return | +2.80% | +24.26% | |
| 1Y Return | +5.13% | +31.38% | |
| 3Y Return (annualized) | +8.68% | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 3.9% | 13.6% | |
| Max Drawdown | -5.3% | -33.4% | |
| Fund Family | ELDRIDGE | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 24, 2023 | Oct 20, 2011 |
CLOZ vs SCHD Performance
Eldridge BBB-B CLO ETF (CLOZ) is a ETF from ELDRIDGE and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year CLOZ returned +5.13% while SCHD returned +31.38%. Year to date, CLOZ is up 2.80% versus a gain of 24.26% for SCHD.
Over three years, CLOZ compounded at +8.68% per year against +15.08% for SCHD. Across the full 4-year window we track, SCHD has the edge at +11.39% annualized vs +9.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 3.9% for CLOZ. 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 -5.3% for CLOZ 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 0.18. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CLOZ charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, CLOZ currently yields 6.82% against 3.31% for SCHD.
Holdings Overlap
CLOZ and SCHD share 0 holdings out of 108 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, CLOZ or SCHD?
CLOZ has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, CLOZ or SCHD?
Over the past year CLOZ returned +5.13% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), CLOZ annualized +9.84% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, CLOZ or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 3.9% for CLOZ. Worst drawdown: CLOZ -5.3% vs SCHD -33.4%.
Should I hold both CLOZ and SCHD?
CLOZ and SCHD have a monthly-return correlation of 0.18, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CLOZ and SCHD?
CLOZ and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 108 unique securities.
Which pays a higher dividend, CLOZ or SCHD?
CLOZ yields 6.82% while SCHD yields 3.31%, so CLOZ currently pays the higher dividend yield.
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