CPII vs SCHD
American Beacon Ionic Inflation Protection 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 | CPII | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.06% | |
| AUM | $12M | $103.7B | |
| Dividend Yield | 4.12% | 3.31% | |
| Holdings | 30 | 104 | |
| YTD Return | +1.13% | +25.58% | |
| 1Y Return | +2.04% | +31.06% | |
| 3Y Return (annualized) | - | +15.55% | |
| 5Y Return (annualized) | - | +9.61% | |
| Volatility (annualized) | 5.0% | 13.6% | |
| Max Drawdown | -6.4% | -33.4% | |
| Fund Family | American Beacon Funds | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 28, 2022 | Oct 20, 2011 |
CPII vs SCHD Performance
American Beacon Ionic Inflation Protection ETF (CPII) is a ETF from American Beacon Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year CPII returned +2.04% while SCHD returned +31.06%. Year to date, CPII is up 1.13% versus a gain of 25.58% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 5.0% for CPII. 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 -6.4% for CPII 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 -0.12. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CPII charges 0.70% per year while SCHD charges 0.06%. On a $10,000 position that is $70 vs $6 annually, a gap of $64 per year that compounds over a long holding period. On income, CPII currently yields 4.12% against 3.31% for SCHD.
Holdings Overlap
CPII 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, CPII or SCHD?
CPII has an expense ratio of 0.70% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $64 per year of difference.
Which performed better, CPII or SCHD?
Over the past year CPII returned +2.04% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), CPII annualized +3.69% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, CPII or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 5.0% for CPII. Worst drawdown: CPII -6.4% vs SCHD -33.4%.
Should I hold both CPII and SCHD?
CPII and SCHD have a monthly-return correlation of -0.12, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CPII and SCHD?
CPII and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 108 unique securities.
Which pays a higher dividend, CPII or SCHD?
CPII yields 4.12% while SCHD yields 3.31%, so CPII currently pays the higher dividend yield.
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