CPNJ vs SCHD
Calamos Nasdaq-100 Structured Alt Protection ETF - June 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 | CPNJ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.06% | |
| AUM | $42M | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 5 | 104 | |
| YTD Return | +2.60% | +26.21% | |
| 1Y Return | +4.81% | +29.99% | |
| 3Y Return (annualized) | - | +15.73% | |
| 5Y Return (annualized) | - | +9.67% | |
| Volatility (annualized) | 3.5% | 13.6% | |
| Max Drawdown | -6.0% | -33.4% | |
| Fund Family | Calamos Investments | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jun 3, 2024 | Oct 20, 2011 |
CPNJ vs SCHD Performance
Calamos Nasdaq-100 Structured Alt Protection ETF - June (CPNJ) 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 CPNJ returned +4.81% while SCHD returned +29.99%. Year to date, CPNJ is up 2.60% versus a gain of 26.21% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 3.5% for CPNJ. 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 -6.0% for CPNJ 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 0.07. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CPNJ charges 0.69% per year while SCHD charges 0.06%. On a $10,000 position that is $69 vs $6 annually, a gap of $63 per year that compounds over a long holding period. On income, CPNJ currently yields 0.00% against 3.31% for SCHD.
Frequently Asked Questions
Which is cheaper, CPNJ or SCHD?
CPNJ has an expense ratio of 0.69% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $63 per year of difference.
Which performed better, CPNJ or SCHD?
Over the past year CPNJ returned +4.81% vs +29.99% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), CPNJ annualized +7.52% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, CPNJ or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 3.5% for CPNJ. Worst drawdown: CPNJ -6.0% vs SCHD -33.4%.
Should I hold both CPNJ and SCHD?
CPNJ and SCHD have a monthly-return correlation of 0.07, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CPNJ or SCHD?
CPNJ yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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