CVRT vs SCHD
Calamos Convertible Equity Alternative ETF vs Schwab US Dividend Equity ETF
Which is better, CVRT or SCHD?
Convertibles against Large Cap Value.
SCHD has a lower expense ratio. CVRT led over 1Y, 3Y and the full window.
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 | CVRT | SCHD |
|---|---|---|
| Expense Ratio | 0.69% | 0.06%Best |
| AUM | $43M | $112.2B |
| Dividend Yield | 1.59% | 3.13% |
| Holdings | 105 | 103 |
| YTD Return | +22.00% | +27.56%Best |
| 1Y Return | +40.53%Best | +30.29% |
| 3Y Return (annualized) | +27.46%Best | +16.37% |
| 5Y Return (annualized) | - | +10.23% |
| Volatility (annualized) | 18.8% | 12.9%Best |
| Max Drawdown | -20.9% | -16.1%Best |
| $10,000 over 2.9 years | $20,211Best | $16,585 |
| Fund Family | Calamos Asset Management | Charles Schwab Asset Management |
| Category | Convertible | Equity |
| Style | Convertibles | Large Cap Value |
| Inception | Oct 4, 2023 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Oct 4, 2023 to Sep 4, 2026 (2.9 years).
CVRT 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 2.9 years both funds cover.
CVRT vs SCHD Performance
Calamos Convertible Equity Alternative ETF (CVRT) is an ETF from Calamos Asset Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year CVRT returned +40.53% while SCHD returned +30.29%. Year to date, CVRT is up 22.00% versus a gain of 27.56% for SCHD.
Over three years, CVRT compounded at +27.46% per year against +16.37% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVRT has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 12.9% 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 -20.9% for CVRT 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 0.44. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CVRT charges 0.69% per year while SCHD charges 0.06%. On a $10,000 position that is $69 vs $6 annually, a gap of $63 per year that compounds over a long holding period. On income, CVRT currently yields 1.59% against 3.13% for SCHD.
Holdings Overlap
At least 0.7% of SCHD's money is in holdings CVRT also owns.
Stated as a floor: for CVRT, our book for it covers 84.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 88 positions we hold weights for in CVRT and 100 in SCHD, against full books of 105 and 103.
Top Shared Holdings
| Stock | Weight in CVRT | Weight in SCHD | Difference |
|---|---|---|---|
| ARESAres Management Corp Preferred Stock 10/27 6.75 | 0.62% | 0.72% | 0.10% |
You are not choosing between two funds in isolation.
Whichever of CVRT and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CVRT or SCHD?
CVRT has an expense ratio of 0.69% while SCHD charges 0.06%. SCHD is the cheaper option, by $63 a year on a $10,000 investment.
Which performed better, CVRT or SCHD?
Over the past year CVRT returned +40.53% vs +30.29% for SCHD, so CVRT leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVRT or SCHD?
CVRT has been the more volatile fund at 18.8% annualized versus 12.9% for SCHD. Worst drawdown: CVRT -20.9% vs SCHD -16.1%.
Should I hold both CVRT and SCHD?
CVRT and SCHD have a monthly-return correlation of 0.44, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CVRT or SCHD?
CVRT yields 1.59% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than CVRT?
SCHD has a lower expense ratio. CVRT led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.