CF vs. SCHD

Last updated Jun 4, 2026

CF (CF Industries Holdings, Inc.) is a stock, while SCHD (Schwab U.S. Dividend Equity ETF) is Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Over the past 10 years, CF returned 18.28%/yr vs 12.77%/yr for SCHD. At a 0.40 correlation, their price movements are largely independent.

Performance

CF vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CF Industries Holdings, Inc. (CF) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CF achieves a 52.19% return, which is significantly higher than SCHD's 19.01% return. Over the past 10 years, CF has outperformed SCHD with an annualized return of 18.28%, while SCHD has yielded a comparatively lower 12.77% annualized return.

CF

• 1D: 2.75%
• 1M: -7.00%
• YTD: 52.19%
• 6M: 48.44%
• 1Y: 29.01%
• 3Y*: 25.68%
• 5Y*: 18.55%
• 10Y*: 18.28%

SCHD

• 1D: 0.00%
• 1M: 2.70%
• YTD: 19.01%
• 6M: 18.63%
• 1Y: 27.16%
• 3Y*: 15.09%
• 5Y*: 8.36%
• 10Y*: 12.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CF vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CF CF Industries Holdings, Inc.	52.19%	-7.17%	10.08%	-4.75%	22.29%	87.18%	-15.76%	12.73%	5.13%	40.24%
SCHD Schwab U.S. Dividend Equity ETF	19.01%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between CF and SCHD is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Oct 21, 2011	0.40

Over the past year, the correlation between CF and SCHD has dropped to 0.14 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

Return for Risk

CF vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CF

CF Risk / Return Rank: 60
CF Sharpe Ratio Rank: 63
CF Sortino Ratio Rank: 58
CF Omega Ratio Rank: 57
CF Calmar Ratio Rank: 64
CF Martin Ratio Rank: 60

SCHD

SCHD Risk / Return Rank: 80
SCHD Sharpe Ratio Rank: 75
SCHD Sortino Ratio Rank: 84
SCHD Omega Ratio Rank: 73
SCHD Calmar Ratio Rank: 91
SCHD Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CF vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CF Industries Holdings, Inc. (CF) and Schwab U.S. 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.

	CF	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	0.70	2.49	-1.80
Sortino ratio: Return per unit of downside risk	1.23	3.87	-2.63
Omega ratio: Gain probability vs. loss probability	1.15	1.45	-0.30
Calmar ratio: Return relative to maximum drawdown	1.17	5.91	-4.74
Martin ratio: Return relative to average drawdown	2.09	14.53	-12.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CF vs. SCHD - Sharpe Ratio Comparison

The current CF Sharpe Ratio is 0.70, which is lower than the SCHD Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of CF and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CF	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	2.49	-1.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.58	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.77	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.86	-0.39

Drawdowns

CF vs. SCHD - Drawdown Comparison

The maximum CF drawdown since its inception was -76.73%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for CF and SCHD.

Drawdown Indicators

	CF	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-76.73%	-33.37%	-43.36%
Max Drawdown (1Y) Largest decline over 1 year	-24.87%	-4.61%	-20.26%
Max Drawdown (3Y) Largest decline over 3 years	-29.16%	-16.13%	-13.03%
Max Drawdown (5Y) Largest decline over 5 years	-48.36%	-16.85%	-31.51%
Max Drawdown (10Y) Largest decline over 10 years	-60.74%	-33.37%	-27.37%
Current Drawdown Current decline from peak	-14.92%	-1.40%	-13.52%
Average Drawdown Average peak-to-trough decline	-24.94%	-3.32%	-21.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.92%	1.88%	+12.04%

Volatility

CF vs. SCHD - Volatility Comparison

CF Industries Holdings, Inc. (CF) has a higher volatility of 15.00% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.66%. This indicates that CF's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CF	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.00%	2.66%	+12.34%
Volatility (6M) Calculated over the trailing 6-month period	35.09%	7.66%	+27.43%
Volatility (1Y) Calculated over the trailing 1-year period	41.88%	10.96%	+30.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.16%	14.38%	+23.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.41%	16.72%	+23.69%

Dividends

CF vs. SCHD - Dividend Comparison

CF's dividend yield for the trailing twelve months is around 1.72%, less than SCHD's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CF CF Industries Holdings, Inc.	1.72%	2.59%	2.34%	2.01%	1.76%	1.70%	3.10%	2.51%	2.76%	2.82%	3.81%	2.94%
SCHD Schwab U.S. Dividend Equity ETF	3.26%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both CF and SCHD in my portfolio?

CF and SCHD have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CF or SCHD?

CF has higher volatility (15.00%) compared to SCHD (2.66%). In terms of maximum drawdown, CF dropped -76.73% vs SCHD's -33.37%.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.49 vs 0.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.