CPNM vs SCHD
Calamos Nasdaq-100 Structured Alt Protection ETF - March 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 104 holdings.
Side-by-Side Comparison
| Metric | CPNM | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.06% | |
| AUM | $15M | $108.7B | |
| Dividend Yield | 0.00% | 3.13% | |
| Holdings | 5 | 104 | |
| YTD Return | +3.60% | +28.70% | |
| 1Y Return | +6.57% | +32.27% | |
| 3Y Return (annualized) | - | +17.27% | |
| 5Y Return (annualized) | - | +10.23% | |
| Volatility (annualized) | 2.0% | 13.7% | |
| Max Drawdown | -1.9% | -33.4% | |
| Fund Family | Calamos Investments | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Mar 3, 2025 | Oct 20, 2011 |
CPNM vs SCHD Performance
Calamos Nasdaq-100 Structured Alt Protection ETF - March (CPNM) 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 CPNM returned +6.57% while SCHD returned +32.27%. Year to date, CPNM is up 3.60% versus a gain of 28.70% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 2.0% for CPNM. 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 -1.9% for CPNM 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
CPNM 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, CPNM currently yields 0.00% against 3.13% for SCHD.
Frequently Asked Questions
Which is cheaper, CPNM or SCHD?
CPNM 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, CPNM or SCHD?
Over the past year CPNM returned +6.57% vs +32.27% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), CPNM annualized +7.04% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, CPNM or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 2.0% for CPNM. Worst drawdown: CPNM -1.9% vs SCHD -33.4%.
Should I hold both CPNM and SCHD?
CPNM and SCHD have a monthly-return correlation of 0.12, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CPNM or SCHD?
CPNM yields 0.00% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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