CPNQ vs SCHD
Calamos Nasdaq-100 Structured Alt Protection ETF - December 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 | CPNQ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.06% | |
| AUM | $22M | $108.7B | |
| Dividend Yield | 0.00% | 3.13% | |
| Holdings | 5 | 104 | |
| YTD Return | +4.03% | +27.67% | |
| 1Y Return | +7.05% | +31.26% | |
| 3Y Return (annualized) | - | +16.66% | |
| 5Y Return (annualized) | - | +10.18% | |
| Volatility (annualized) | 2.8% | 13.6% | |
| Max Drawdown | -3.5% | -33.4% | |
| Fund Family | Calamos Investments | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Dec 2, 2024 | Oct 20, 2011 |
CPNQ vs SCHD Performance
Calamos Nasdaq-100 Structured Alt Protection ETF - December (CPNQ) 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 CPNQ returned +7.05% while SCHD returned +31.26%. Year to date, CPNQ is up 4.03% versus a gain of 27.67% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 2.8% for CPNQ. 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 -3.5% for CPNQ 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 0.06. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CPNQ 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, CPNQ currently yields 0.00% against 3.13% for SCHD.
Frequently Asked Questions
Which is cheaper, CPNQ or SCHD?
CPNQ 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, CPNQ or SCHD?
Over the past year CPNQ returned +7.05% vs +31.26% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), CPNQ annualized +7.01% vs +11.57% for SCHD. Past performance does not guarantee future results.
Which is riskier, CPNQ or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 2.8% for CPNQ. Worst drawdown: CPNQ -3.5% vs SCHD -33.4%.
Should I hold both CPNQ and SCHD?
CPNQ and SCHD have a monthly-return correlation of 0.06, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CPNQ or SCHD?
CPNQ yields 0.00% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.