CLSE vs SCHD
Convergence Long/Short Equity ETF vs Schwab US Dividend Equity ETF
Which is better, CLSE or SCHD?
Mid Cap Growth against Large Cap Value.
SCHD has a lower expense ratio. CLSE led over 1Y, 3Y and the full window.
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 | CLSE | SCHD |
|---|---|---|
| Expense Ratio | 1.52% | 0.06%Best |
| AUM | $901M | $112.1B |
| Dividend Yield | 0.78% | 3.00% |
| Holdings | 371 | 103 |
| YTD Return | +23.71% | +24.04%Best |
| 1Y Return | +33.37%Best | +27.95% |
| 3Y Return (annualized) | +29.16%Best | +15.51% |
| 5Y Return (annualized) | - | +9.80% |
| Volatility (annualized) | 12.3%Best | 14.9% |
| Max Drawdown | -16.4% | -16.1%Best |
| $10,000 over 4.6 years | $23,382Best | $15,639 |
| Fund Family | Convergence Investment Partners | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Value |
| Inception | Dec 29, 2009 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Feb 22, 2022 to Sep 16, 2026 (4.6 years).
CLSE 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 4.6 years both funds cover.
CLSE vs SCHD Performance
Convergence Long/Short Equity ETF (CLSE) is an ETF from Convergence Investment Partners and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year CLSE returned +33.37% while SCHD returned +27.95%. Year to date, CLSE is up 23.71% versus a gain of 24.04% for SCHD.
Over three years, CLSE compounded at +29.16% per year against +15.51% 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 14.9% compared with 12.3% for CLSE. 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 -16.4% for CLSE 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 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CLSE charges 1.52% per year while SCHD charges 0.06%. On a $10,000 position that is $152 vs $6 annually, a gap of $146 per year that compounds over a long holding period. On income, CLSE currently yields 0.78% against 3.00% for SCHD.
Holdings Overlap
At least 39.1% of SCHD's money is in holdings CLSE also owns.
Only one direction is shown: for CLSE, our book for it lists positions totalling 117.0% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
The two portfolios partly overlap.
20 positions in common, counted across the 357 positions we hold weights for in CLSE and 100 in SCHD, against full books of 371 and 103.
Top Shared Holdings
| Stock | Weight in CLSE | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 0.54% | 4.77% | 4.23% |
| UNHUnitedhealth Group Incorporated | 0.70% | 3.82% | 3.12% |
| ABTAbbott Laboratories | -0.32% | 4.69% | 5.01% |
| BMYBristol-Myers Squibb Co. | 0.76% | 3.33% | 2.57% |
| MOAltria Group Inc | 0.55% | 2.79% | 2.24% |
| LMTLockheed Martin Corp | 0.52% | 2.78% | 2.26% |
| ADPAutomatic Data Processing, Inc. | 0.23% | 2.79% | 2.56% |
| TGTTarget Corp Common Stock Usd.0833 | 1.22% | 1.78% | 0.56% |
| BXBlackstone Group Inc. Class A | -0.30% | 2.59% | 2.89% |
| UPSUnited Parcel Service, Inc | 0.29% | 1.90% | 1.61% |
39.1% of SCHD is already inside CLSE.
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, CLSE or SCHD?
CLSE has an expense ratio of 1.52% while SCHD charges 0.06%. SCHD is the cheaper option, by $146 a year on a $10,000 investment.
Which performed better, CLSE or SCHD?
Over the past year CLSE returned +33.37% vs +27.95% for SCHD, so CLSE leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CLSE or SCHD?
SCHD has been the more volatile fund at 14.9% annualized versus 12.3% for CLSE. Worst drawdown: CLSE -16.4% vs SCHD -16.1%.
Should I hold both CLSE and SCHD?
CLSE and SCHD have a monthly-return correlation of 0.52, 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 CLSE and SCHD?
At least 39.1% of SCHD's money is in holdings CLSE also owns. Our book for CLSE is partial, so the real figure is this or higher. They hold 20 positions in common, counted across the 357 positions we hold weights for in CLSE and 100 in SCHD.
Which pays a higher dividend, CLSE or SCHD?
CLSE yields 0.78% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than CLSE?
SCHD has a lower expense ratio. CLSE led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.