CPRJ vs SCHD
Calamos Russell 2000 Structured Alt Protection ETF - July 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 | CPRJ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.06% | |
| AUM | $37M | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 5 | 104 | |
| YTD Return | +3.65% | +24.26% | |
| 1Y Return | +7.33% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 4.2% | 13.6% | |
| Max Drawdown | -6.3% | -33.4% | |
| Fund Family | Calamos Investments | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jul 1, 2024 | Oct 20, 2011 |
CPRJ vs SCHD Performance
Calamos Russell 2000 Structured Alt Protection ETF - July (CPRJ) 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 CPRJ returned +7.33% while SCHD returned +31.38%. Year to date, CPRJ is up 3.65% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 4.2% for CPRJ. 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 -6.3% for CPRJ 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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CPRJ 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, CPRJ currently yields 0.00% against 3.31% for SCHD.
Frequently Asked Questions
Which is cheaper, CPRJ or SCHD?
CPRJ 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, CPRJ or SCHD?
Over the past year CPRJ returned +7.33% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), CPRJ annualized +6.54% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, CPRJ or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 4.2% for CPRJ. Worst drawdown: CPRJ -6.3% vs SCHD -33.4%.
Should I hold both CPRJ and SCHD?
CPRJ and SCHD have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CPRJ or SCHD?
CPRJ yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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