CVIE vs SCHD
Calvert International Responsible Index ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. CVIE delivered stronger 1-year returns. CVIE offers more diversification with 706 holdings.
Side-by-Side Comparison
| Metric | CVIE | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.06% | |
| AUM | $460M | $103.7B | |
| Dividend Yield | 2.52% | 3.31% | |
| Holdings | 755 | 104 | |
| YTD Return | +20.56% | +26.21% | |
| 1Y Return | +32.99% | +29.99% | |
| 3Y Return (annualized) | +22.47% | +15.73% | |
| 5Y Return (annualized) | - | +9.67% | |
| Volatility (annualized) | 13.8% | 13.6% | |
| Max Drawdown | -13.5% | -33.4% | |
| Fund Family | Calvert | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jan 30, 2023 | Oct 20, 2011 |
CVIE vs SCHD Performance
Calvert International Responsible Index ETF (CVIE) is a ETF from Calvert and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year CVIE returned +32.99% while SCHD returned +29.99%. Year to date, CVIE is up 20.56% versus a gain of 26.21% for SCHD.
Over three years, CVIE compounded at +22.47% per year against +15.73% for SCHD. Across the full 4-year window we track, CVIE has the edge at +19.25% annualized vs +11.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVIE has been the more volatile fund, with annualized monthly volatility of 13.8% 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 -13.5% for CVIE 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CVIE charges 0.18% per year while SCHD charges 0.06%. On a $10,000 position that is $18 vs $6 annually, a gap of $12 per year that compounds over a long holding period. On income, CVIE currently yields 2.52% against 3.31% for SCHD.
Holdings Overlap
CVIE and SCHD share 0 holdings out of 806 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, CVIE or SCHD?
CVIE has an expense ratio of 0.18% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, CVIE or SCHD?
Over the past year CVIE returned +32.99% vs +29.99% for SCHD, so CVIE leads on 1-year performance. Over the longest common window we track (4 years), CVIE annualized +19.25% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, CVIE or SCHD?
CVIE has been the more volatile fund at 13.8% annualized versus 13.6% for SCHD. Worst drawdown: CVIE -13.5% vs SCHD -33.4%.
Should I hold both CVIE and SCHD?
CVIE and SCHD have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVIE and SCHD?
CVIE and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 806 unique securities.
Which pays a higher dividend, CVIE or SCHD?
CVIE yields 2.52% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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