CCD vs SCHD
CCD vs SCHD
Calamos Dynamic Convertible and Income Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. CCD delivered stronger 1-year returns. CCD offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | CCD | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 2.10% | 0.06% | |
| AUM | $978M | $103.7B | |
| Dividend Yield | 8.97% | 3.31% | |
| Holdings | 612 | 104 | |
| YTD Return | +26.40% | +23.02% | |
| 1Y Return | +37.25% | +30.75% | |
| 3Y Return (annualized) | +18.94% | +14.89% | |
| 5Y Return (annualized) | +6.27% | +9.38% | |
| Volatility (annualized) | 21.1% | 13.6% | |
| Max Drawdown | -60.9% | -33.4% | |
| Fund Family | Calamos Investments | Charles Schwab Asset Management | |
| Category | Convertible | Equity | |
| Inception | Mar 27, 2015 | Oct 20, 2011 |
CCD vs SCHD Performance
Calamos Dynamic Convertible and Income Fund (CCD) is a ETF from Calamos Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year CCD returned +37.25% while SCHD returned +30.75%. Year to date, CCD is up 26.40% versus a gain of 23.02% for SCHD.
Over three years, CCD compounded at +18.94% per year against +14.89% for SCHD; over five years the annualized figures are +6.27% and +9.38% respectively. Across the full 11-year window we track, SCHD has the edge at +11.33% annualized vs +5.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CCD has been the more volatile fund, with annualized monthly volatility of 21.1% 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 -60.9% for CCD 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CCD charges 2.10% per year while SCHD charges 0.06%. On a $10,000 position that is $210 vs $6 annually, a gap of $204 per year that compounds over a long holding period. On income, CCD currently yields 8.97% against 3.31% for SCHD.
Holdings Overlap
CCD and SCHD share 1 holdings out of 602 unique holdings combined, representing a 0.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CCD | Weight in SCHD | Difference |
|---|---|---|---|
| ARES | 1.11% | 0.66% | 0.45% |
Frequently Asked Questions
Which is cheaper, CCD or SCHD?
CCD has an expense ratio of 2.10% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $204 per year of difference.
Which performed better, CCD or SCHD?
Over the past year CCD returned +37.25% vs +30.75% for SCHD, so CCD leads on 1-year performance. Over the longest common window we track (11 years), CCD annualized +5.07% vs +11.33% for SCHD. Past performance does not guarantee future results.
Which is riskier, CCD or SCHD?
CCD has been the more volatile fund at 21.1% annualized versus 13.6% for SCHD. Worst drawdown: CCD -60.9% vs SCHD -33.4%.
Should I hold both CCD and SCHD?
CCD and SCHD have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CCD and SCHD?
CCD and SCHD share 1 common holdings with a 0.7% weight overlap. Combined, they hold 602 unique securities.
Which pays a higher dividend, CCD or SCHD?
CCD yields 8.97% while SCHD yields 3.31%, so CCD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.