CVLC vs SCHD
Calvert US Large-Cap Core Responsible Index ETF vs Schwab US Dividend Equity ETF
Which is better, CVLC or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. CVLC led over 3Y and the full window, SCHD over 1Y. CVLC is less concentrated, with 36.9% of the fund in its ten largest positions against 41.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CVLC | SCHD |
|---|---|---|
| Expense Ratio | 0.15% | 0.06%Best |
| AUM | $969M | $112.1B |
| Dividend Yield | 0.90% | 3.00% |
| Holdings | 759 | 103 |
| YTD Return | +13.87% | +23.60%Best |
| 1Y Return | +17.59% | +28.29%Best |
| 3Y Return (annualized) | +22.76%Best | +16.25% |
| 5Y Return (annualized) | - | +10.25% |
| Volatility (annualized) | 13.3%Tie | 13.3%Tie |
| Max Drawdown | -19.9% | -16.1%Best |
| $10,000 over 3.6 years | $19,197Best | $14,783 |
| Top 10 Weight | 36.9%Best | 41.8% |
| Fund Family | Calvert | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jan 30, 2023 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 3.6 years row, are measured over the window both funds cover: Feb 1, 2023 to Sep 21, 2026 (3.6 years).
CVLC vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.6 years both funds cover.
CVLC vs SCHD Performance
Calvert US Large-Cap Core Responsible Index ETF (CVLC) is an ETF from Calvert and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year CVLC returned +17.59% while SCHD returned +28.29%. Year to date, CVLC is up 13.87% versus a gain of 23.60% for SCHD.
Over three years, CVLC compounded at +22.76% per year against +16.25% for SCHD. Across the full 4-year window we track, CVLC has the edge at +19.86% annualized vs +11.47%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVLC and SCHD have been equally volatile, both at 13.3% annualized.
The deepest peak-to-trough decline in our data was -19.9% for CVLC and -16.1% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.54. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CVLC charges 0.15% per year while SCHD charges 0.06%. On a $10,000 position that is $15 vs $6 annually, a gap of $9 per year that compounds over a long holding period. On income, CVLC currently yields 0.90% against 3.00% for SCHD.
Holdings Overlap
7.8% of CVLC's money is in holdings SCHD also owns. 75.2% of SCHD's money is in holdings CVLC also owns.
Most of SCHD is already inside CVLC. Owning both mostly buys the same companies twice.
46 positions in common, counted across the 753 positions we hold weights for in CVLC and 100 in SCHD, against full books of 759 and 103.
What only one of them owns
Our book lists 53 positions for SCHD that do not appear in our book for CVLC (24.7% of the fund), and 687 for CVLC that do not appear in SCHD (91.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CVLC | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 0.67% | 4.77% | 4.10% |
| AMGNAmgen Inc. | 0.43% | 4.70% | 4.27% |
| ABTAbbott Laboratories | 0.34% | 4.69% | 4.35% |
| KOCoca Cola Co. | 0.65% | 4.17% | 3.52% |
| UNHUnitedhealth Group Incorporated | 0.65% | 3.82% | 3.17% |
| HDHome Depot Inc/The | 0.49% | 3.88% | 3.39% |
| PGProcter & Gamble Company | 0.53% | 3.83% | 3.30% |
| VZVerizon Communic | 0.35% | 3.97% | 3.62% |
| PEPPepsico Inc. | 0.41% | 3.64% | 3.23% |
| BMYBristol-Myers Squibb Co. | 0.25% | 3.33% | 3.08% |
75.2% of SCHD is already inside CVLC.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CVLC or SCHD?
CVLC has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, CVLC or SCHD?
Over the past year CVLC returned +17.59% vs +28.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), CVLC annualized +19.86% vs +11.47% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVLC or SCHD?
CVLC and SCHD have been equally volatile, both at 13.3% annualized. Worst drawdown: CVLC -19.9% vs SCHD -16.1%.
Should I hold both CVLC and SCHD?
CVLC and SCHD have a monthly-return correlation of 0.54, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CVLC and SCHD?
75.2% of SCHD's money is in holdings CVLC also owns. 75.2% of SCHD's is in holdings CVLC also owns. They hold 46 positions in common, counted across the 753 positions we hold weights for in CVLC and 100 in SCHD.
Which pays a higher dividend, CVLC or SCHD?
CVLC yields 0.90% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than CVLC?
SCHD has a lower expense ratio. CVLC led over 3Y and the full window, SCHD over 1Y. CVLC is less concentrated, with 36.9% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.