CVSB vs SCHD
CVSB vs SCHD
Calvert Ultra-Short Investment Grade ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. CVSB offers more diversification with 126 holdings.
Side-by-Side Comparison
| Metric | CVSB | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.24% | 0.06% | |
| AUM | $221M | $103.7B | |
| Dividend Yield | 4.96% | 3.31% | |
| Holdings | 246 | 104 | |
| YTD Return | +2.14% | +23.02% | |
| 1Y Return | +4.26% | +30.75% | |
| 3Y Return (annualized) | +5.38% | +14.89% | |
| 5Y Return (annualized) | - | +9.38% | |
| Volatility (annualized) | 0.6% | 13.6% | |
| Max Drawdown | -0.6% | -33.4% | |
| Fund Family | Calvert | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 30, 2023 | Oct 20, 2011 |
CVSB vs SCHD Performance
Calvert Ultra-Short Investment Grade ETF (CVSB) is a ETF from Calvert and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year CVSB returned +4.26% while SCHD returned +30.75%. Year to date, CVSB is up 2.14% versus a gain of 23.02% for SCHD.
Over three years, CVSB compounded at +5.38% per year against +14.89% for SCHD. Across the full 4-year window we track, SCHD has the edge at +11.33% annualized vs +5.34%. 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 0.6% for CVSB. 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 -0.6% for CVSB 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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CVSB charges 0.24% per year while SCHD charges 0.06%. On a $10,000 position that is $24 vs $6 annually, a gap of $18 per year that compounds over a long holding period. On income, CVSB currently yields 4.96% against 3.31% for SCHD.
Holdings Overlap
CVSB and SCHD share 0 holdings out of 226 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, CVSB or SCHD?
CVSB has an expense ratio of 0.24% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, CVSB or SCHD?
Over the past year CVSB returned +4.26% vs +30.75% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), CVSB annualized +5.34% vs +11.33% for SCHD. Past performance does not guarantee future results.
Which is riskier, CVSB or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 0.6% for CVSB. Worst drawdown: CVSB -0.6% vs SCHD -33.4%.
Should I hold both CVSB and SCHD?
CVSB and SCHD have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVSB and SCHD?
CVSB and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 226 unique securities.
Which pays a higher dividend, CVSB or SCHD?
CVSB yields 4.96% while SCHD yields 3.31%, so CVSB currently pays the higher dividend yield.
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