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CDL vs. SCHD

Last updated May 27, 2023

Compare and contrast key facts about VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) and Schwab US Dividend Equity ETF (SCHD).

CDL and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CDL is a passively managed fund by Crestview that tracks the performance of the Nasdaq Victory U.S. Large Cap High Dividend 100 Volatility Weighted Index. It was launched on Jul 8, 2015. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both CDL and SCHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CDL or SCHD.

Key characteristics


CDLSCHD
YTD Return-6.29%-5.99%
1Y Return-9.73%-6.26%
5Y Return (Ann)7.54%10.89%
10Y Return (Ann)9.43%10.92%
Sharpe Ratio-0.50-0.28
Daily Std Dev18.03%17.72%
Max Drawdown-41.03%-33.37%

Correlation

0.87
-1.001.00

The correlation between CDL and SCHD is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

CDL vs. SCHD - Performance Comparison

In the year-to-date period, CDL achieves a -6.29% return, which is significantly higher than SCHD's -5.99% return. Over the past 10 years, CDL has underperformed SCHD with an annualized return of 9.43%, while SCHD has yielded a comparatively higher 10.92% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


100.00%110.00%120.00%130.00%140.00%150.00%160.00%December2023FebruaryMarchAprilMay
100.46%
135.13%
CDL
SCHD

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CDL vs. SCHD - Dividend Comparison

CDL's dividend yield for the trailing twelve months is around 4.66%, more than SCHD's 4.48% yield.


TTM20222021202020192018201720162015201420132012
CDL
VictoryShares US Large Cap High Dividend Volatility Wtd ETF
4.66%3.34%2.72%3.57%3.39%3.82%3.41%3.63%1.17%0.00%0.00%0.00%
SCHD
Schwab US Dividend Equity ETF
4.48%3.42%2.90%3.40%3.33%3.53%3.12%3.53%3.74%3.41%3.28%3.91%

CDL vs. SCHD - Expense Ratio Comparison

CDL has a 0.35% expense ratio, which is higher than SCHD's 0.06% expense ratio.

CDL vs. SCHD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) and Schwab US Dividend Equity ETF (SCHD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
CDL
VictoryShares US Large Cap High Dividend Volatility Wtd ETF
-0.50
SCHD
Schwab US Dividend Equity ETF
-0.28

CDL vs. SCHD - Sharpe Ratio Comparison

The current CDL Sharpe Ratio is -0.50, which is lower than the SCHD Sharpe Ratio of -0.28. The chart below compares the 12-month rolling Sharpe Ratio of CDL and SCHD.


-0.60-0.40-0.200.000.200.400.60December2023FebruaryMarchAprilMay
-0.50
-0.28
CDL
SCHD

CDL vs. SCHD - Drawdown Comparison

The maximum CDL drawdown for the period was -13.29%, roughly equal to the maximum SCHD drawdown of -11.87%. The drawdown chart below compares losses from any high point along the way for CDL and SCHD


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%December2023FebruaryMarchAprilMay
-12.72%
-10.28%
CDL
SCHD

CDL vs. SCHD - Volatility Comparison

The current volatility for VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL) is 3.68%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 4.20%. This indicates that CDL experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%December2023FebruaryMarchAprilMay
3.68%
4.20%
CDL
SCHD