CVLC vs SCHD
CVLC vs SCHD
Calvert US Large-Cap Core Responsible Index ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. CVLC offers more diversification with 703 holdings.
Side-by-Side Comparison
| Metric | CVLC | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.06% | |
| AUM | $876M | $103.7B | |
| Dividend Yield | 1.06% | 3.31% | |
| Holdings | 784 | 104 | |
| YTD Return | +15.49% | +24.26% | |
| 1Y Return | +25.97% | +31.38% | |
| 3Y Return (annualized) | +21.57% | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 13.4% | 13.6% | |
| Max Drawdown | -19.9% | -33.4% | |
| Fund Family | Calvert | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jan 30, 2023 | Oct 20, 2011 |
CVLC vs SCHD Performance
Calvert US Large-Cap Core Responsible Index ETF (CVLC) is a ETF from Calvert and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year CVLC returned +25.97% while SCHD returned +31.38%. Year to date, CVLC is up 15.49% versus a gain of 24.26% for SCHD.
Over three years, CVLC compounded at +21.57% per year against +15.08% for SCHD. Across the full 4-year window we track, CVLC has the edge at +21.11% annualized vs +11.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 13.4% for CVLC. 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 -19.9% for CVLC 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 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.06% against 3.31% for SCHD.
Holdings Overlap
CVLC and SCHD share 45 holdings out of 758 unique holdings combined, representing a 7.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CVLC | Weight in SCHD | Difference |
|---|---|---|---|
| UNH | 0.65% | 4.54% | 3.89% |
| MRK | 0.54% | 4.32% | 3.78% |
| ABT | 0.29% | 4.49% | 4.20% |
| PG | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
See all 10 holdings CVLC shares with SCHD Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
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. On a $10,000 investment, that is $9 per year of difference.
Which performed better, CVLC or SCHD?
Over the past year CVLC returned +25.97% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), CVLC annualized +21.11% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, CVLC or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 13.4% for CVLC. Worst drawdown: CVLC -19.9% vs SCHD -33.4%.
Should I hold both CVLC and SCHD?
CVLC and SCHD have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVLC and SCHD?
CVLC and SCHD share 45 common holdings with a 7.5% weight overlap. Combined, they hold 758 unique securities.
Which pays a higher dividend, CVLC or SCHD?
CVLC yields 1.06% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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