CSPF vs SCHD
Cohen & Steers Preferred and Income Opportunities Active ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. CSPF offers more diversification with 131 holdings.
Side-by-Side Comparison
| Metric | CSPF | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.06% | |
| AUM | $297M | $103.7B | |
| Dividend Yield | 5.71% | 3.31% | |
| Holdings | 266 | 104 | |
| YTD Return | +3.25% | +25.33% | |
| 1Y Return | +6.58% | +32.31% | |
| 3Y Return (annualized) | - | +15.40% | |
| 5Y Return (annualized) | - | +9.70% | |
| Volatility (annualized) | 3.3% | 13.6% | |
| Max Drawdown | -3.1% | -33.4% | |
| Fund Family | Cohen & Steers Funds | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Feb 3, 2025 | Oct 20, 2011 |
CSPF vs SCHD Performance
Cohen & Steers Preferred and Income Opportunities Active ETF (CSPF) is a ETF from Cohen & Steers Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year CSPF returned +6.58% while SCHD returned +32.31%. Year to date, CSPF is up 3.25% versus a gain of 25.33% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 3.3% for CSPF. 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 -3.1% for CSPF 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CSPF charges 0.59% per year while SCHD charges 0.06%. On a $10,000 position that is $59 vs $6 annually, a gap of $53 per year that compounds over a long holding period. On income, CSPF currently yields 5.71% against 3.31% for SCHD.
Holdings Overlap
CSPF and SCHD share 1 holdings out of 230 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CSPF | Weight in SCHD | Difference |
|---|---|---|---|
| FITB | 0.55% | 1.35% | 0.80% |
Frequently Asked Questions
Which is cheaper, CSPF or SCHD?
CSPF has an expense ratio of 0.59% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $53 per year of difference.
Which performed better, CSPF or SCHD?
Over the past year CSPF returned +6.58% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), CSPF annualized +7.75% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, CSPF or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 3.3% for CSPF. Worst drawdown: CSPF -3.1% vs SCHD -33.4%.
Should I hold both CSPF and SCHD?
CSPF and SCHD have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CSPF and SCHD?
CSPF and SCHD share 1 common holdings with a 0.6% weight overlap. Combined, they hold 230 unique securities.
Which pays a higher dividend, CSPF or SCHD?
CSPF yields 5.71% while SCHD yields 3.31%, so CSPF currently pays the higher dividend yield.
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