CPLS vs SCHD
CPLS vs SCHD
AB Core Plus Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. CPLS offers more diversification with 400 holdings.
Side-by-Side Comparison
| Metric | CPLS | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.06% | |
| AUM | $211M | $103.7B | |
| Dividend Yield | 4.70% | 3.31% | |
| Holdings | 810 | 104 | |
| YTD Return | -0.46% | +23.31% | |
| 1Y Return | +1.73% | +30.42% | |
| 3Y Return (annualized) | - | +14.66% | |
| 5Y Return (annualized) | - | +9.59% | |
| Volatility (annualized) | 4.2% | 13.6% | |
| Max Drawdown | -4.1% | -33.4% | |
| Fund Family | AllianceBernstein L.P. | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Dec 13, 2023 | Oct 20, 2011 |
CPLS vs SCHD Performance
AB Core Plus Bond ETF (CPLS) is a ETF from AllianceBernstein L.P. and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year CPLS returned +1.73% while SCHD returned +30.42%. Year to date, CPLS is down 0.46% versus a gain of 23.31% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 4.2% for CPLS. 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 -4.1% for CPLS 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 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CPLS 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, CPLS currently yields 4.70% against 3.31% for SCHD.
Holdings Overlap
CPLS and SCHD share 0 holdings out of 500 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, CPLS or SCHD?
CPLS 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, CPLS or SCHD?
Over the past year CPLS returned +1.73% vs +30.42% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), CPLS annualized +3.68% vs +11.34% for SCHD. Past performance does not guarantee future results.
Which is riskier, CPLS or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 4.2% for CPLS. Worst drawdown: CPLS -4.1% vs SCHD -33.4%.
Should I hold both CPLS and SCHD?
CPLS and SCHD have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CPLS and SCHD?
CPLS and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 500 unique securities.
Which pays a higher dividend, CPLS or SCHD?
CPLS yields 4.70% while SCHD yields 3.31%, so CPLS currently pays the higher dividend yield.
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