CRBN vs SCHD
iShares Low Carbon Optimized MSCI ACWI ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. CRBN offers more diversification with 976 holdings.
Side-by-Side Comparison
| Metric | CRBN | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.06% | |
| AUM | $1.1B | $103.7B | |
| Dividend Yield | 2.02% | 3.31% | |
| Holdings | 1,123 | 104 | |
| YTD Return | +12.97% | +25.58% | |
| 1Y Return | +21.77% | +31.06% | |
| 3Y Return (annualized) | +20.83% | +15.55% | |
| 5Y Return (annualized) | +11.06% | +9.61% | |
| Volatility (annualized) | 3659.8% | 13.6% | |
| Max Drawdown | -33.1% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 8, 2014 | Oct 20, 2011 |
CRBN vs SCHD Performance
iShares Low Carbon Optimized MSCI ACWI ETF (CRBN) is a ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year CRBN returned +21.77% while SCHD returned +31.06%. Year to date, CRBN is up 12.97% versus a gain of 25.58% for SCHD.
Over three years, CRBN compounded at +20.83% per year against +15.55% for SCHD; over five years the annualized figures are +11.06% and +9.61% respectively. Across the full 13-year window we track, CRBN has the edge at +58.18% annualized vs +11.46%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CRBN has been the more volatile fund, with annualized monthly volatility of 3659.8% compared with 13.6% for SCHD. 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 -33.1% for CRBN 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 -0.05. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CRBN charges 0.20% per year while SCHD charges 0.06%. On a $10,000 position that is $20 vs $6 annually, a gap of $14 per year that compounds over a long holding period. On income, CRBN currently yields 2.02% against 3.31% for SCHD.
Holdings Overlap
CRBN and SCHD share 31 holdings out of 1045 unique holdings combined, representing a 4.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CRBN or SCHD?
CRBN has an expense ratio of 0.20% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, CRBN or SCHD?
Over the past year CRBN returned +21.77% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (13 years), CRBN annualized +58.18% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, CRBN or SCHD?
CRBN has been the more volatile fund at 3659.8% annualized versus 13.6% for SCHD. Worst drawdown: CRBN -33.1% vs SCHD -33.4%.
Should I hold both CRBN and SCHD?
CRBN and SCHD have a monthly-return correlation of -0.05, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CRBN and SCHD?
CRBN and SCHD share 31 common holdings with a 4.5% weight overlap. Combined, they hold 1045 unique securities.
Which pays a higher dividend, CRBN or SCHD?
CRBN yields 2.02% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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