CPLB vs SCHD
CPLB vs SCHD
NYLI MacKay Core Plus Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. CPLB offers more diversification with 419 holdings.
Side-by-Side Comparison
| Metric | CPLB | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.06% | |
| AUM | $376M | $103.7B | |
| Dividend Yield | 5.96% | 3.31% | |
| Holdings | 796 | 104 | |
| YTD Return | +0.34% | +22.69% | |
| 1Y Return | +3.51% | +30.94% | |
| 3Y Return (annualized) | +5.22% | +14.20% | |
| 5Y Return (annualized) | +0.27% | +9.59% | |
| Volatility (annualized) | 6.6% | 13.7% | |
| Max Drawdown | -19.0% | -33.4% | |
| Fund Family | INDEXIQ ETF TRUST | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 29, 2021 | Oct 20, 2011 |
CPLB vs SCHD Performance
NYLI MacKay Core Plus Bond ETF (CPLB) is a ETF from INDEXIQ ETF TRUST and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year CPLB returned +3.51% while SCHD returned +30.94%. Year to date, CPLB is up 0.34% versus a gain of 22.69% for SCHD.
Over three years, CPLB compounded at +5.22% per year against +14.20% for SCHD; over five years the annualized figures are +0.27% and +9.59% respectively. Across the full 5-year window we track, SCHD has the edge at +11.31% annualized vs +0.56%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 6.6% for CPLB. 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 -19.0% for CPLB 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CPLB charges 0.30% per year while SCHD charges 0.06%. On a $10,000 position that is $30 vs $6 annually, a gap of $24 per year that compounds over a long holding period. On income, CPLB currently yields 5.96% against 3.31% for SCHD.
Holdings Overlap
CPLB and SCHD share 0 holdings out of 519 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, CPLB or SCHD?
CPLB has an expense ratio of 0.30% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
Which performed better, CPLB or SCHD?
Over the past year CPLB returned +3.51% vs +30.94% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), CPLB annualized +0.56% vs +11.31% for SCHD. Past performance does not guarantee future results.
Which is riskier, CPLB or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 6.6% for CPLB. Worst drawdown: CPLB -19.0% vs SCHD -33.4%.
Should I hold both CPLB and SCHD?
CPLB and SCHD have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CPLB and SCHD?
CPLB and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, CPLB or SCHD?
CPLB yields 5.96% while SCHD yields 3.31%, so CPLB currently pays the higher dividend yield.
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