CPSL vs SCHD
CPSL vs SCHD
Calamos Laddered S&P 500 Structured Alt 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 | CPSL | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.06% | |
| AUM | $124M | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 14 | 104 | |
| YTD Return | +3.49% | +24.26% | |
| 1Y Return | +6.28% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 2.4% | 13.6% | |
| Max Drawdown | -3.7% | -33.4% | |
| Fund Family | Calamos Investments | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Sep 9, 2024 | Oct 20, 2011 |
CPSL vs SCHD Performance
Calamos Laddered S&P 500 Structured Alt Protection ETF (CPSL) 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 CPSL returned +6.28% while SCHD returned +31.38%. Year to date, CPSL is up 3.49% 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 2.4% for CPSL. 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 -3.7% for CPSL 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 0.40. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CPSL charges 0.79% per year while SCHD charges 0.06%. On a $10,000 position that is $79 vs $6 annually, a gap of $73 per year that compounds over a long holding period. On income, CPSL currently yields 0.00% against 3.31% for SCHD.
Holdings Overlap
CPSL and SCHD share 0 holdings out of 112 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, CPSL or SCHD?
CPSL has an expense ratio of 0.79% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, CPSL or SCHD?
Over the past year CPSL returned +6.28% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), CPSL annualized +6.57% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, CPSL or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 2.4% for CPSL. Worst drawdown: CPSL -3.7% vs SCHD -33.4%.
Should I hold both CPSL and SCHD?
CPSL and SCHD have a monthly-return correlation of 0.40, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CPSL and SCHD?
CPSL and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 112 unique securities.
Which pays a higher dividend, CPSL or SCHD?
CPSL yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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