CVMC vs SCHD
CVMC vs SCHD
Calvert US Mid-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. CVMC offers more diversification with 610 holdings.
Side-by-Side Comparison
| Metric | CVMC | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.06% | |
| AUM | $103M | $103.7B | |
| Dividend Yield | 1.35% | 3.31% | |
| Holdings | 622 | 104 | |
| YTD Return | +21.02% | +24.08% | |
| 1Y Return | +27.88% | +31.88% | |
| 3Y Return (annualized) | +16.36% | +14.92% | |
| 5Y Return (annualized) | - | +9.85% | |
| Volatility (annualized) | 15.6% | 13.6% | |
| Max Drawdown | -22.5% | -33.4% | |
| Fund Family | Calvert | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jan 30, 2023 | Oct 20, 2011 |
CVMC vs SCHD Performance
Calvert US Mid-Cap Core Responsible Index ETF (CVMC) is a ETF from Calvert and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year CVMC returned +27.88% while SCHD returned +31.88%. Year to date, CVMC is up 21.02% versus a gain of 24.08% for SCHD.
Over three years, CVMC compounded at +16.36% per year against +14.92% for SCHD. Across the full 4-year window we track, CVMC has the edge at +13.80% annualized vs +11.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVMC has been the more volatile fund, with annualized monthly volatility of 15.6% 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 -22.5% for CVMC 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CVMC 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, CVMC currently yields 1.35% against 3.31% for SCHD.
Holdings Overlap
CVMC and SCHD share 28 holdings out of 682 unique holdings combined, representing a 4.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CVMC | Weight in SCHD | Difference |
|---|---|---|---|
| TGT | 0.50% | 1.63% | 1.13% |
| F | 0.40% | 1.44% | 1.04% |
| FAST | 0.44% | 1.34% | 0.90% |
| FITB | Pro | Pro | Pro |
| KMB | Pro | Pro | Pro |
| CINF | Pro | Pro | Pro |
| HSY | Pro | Pro | Pro |
| RF | Pro | Pro | Pro |
| TROW | Pro | Pro | Pro |
| DRI | Pro | Pro | Pro |
See all 10 holdings CVMC 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, CVMC or SCHD?
CVMC 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, CVMC or SCHD?
Over the past year CVMC returned +27.88% vs +31.88% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), CVMC annualized +13.80% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, CVMC or SCHD?
CVMC has been the more volatile fund at 15.6% annualized versus 13.6% for SCHD. Worst drawdown: CVMC -22.5% vs SCHD -33.4%.
Should I hold both CVMC and SCHD?
CVMC and SCHD have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVMC and SCHD?
CVMC and SCHD share 28 common holdings with a 4.9% weight overlap. Combined, they hold 682 unique securities.
Which pays a higher dividend, CVMC or SCHD?
CVMC yields 1.35% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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