CION vs. SCHD
CION (CION Investment Corporation) 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 3 years, CION returned 1.14%/yr vs 14.45%/yr for SCHD. At a 0.45 correlation, their price movements are largely independent.
Performance
CION vs. SCHD - Performance Comparison
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Returns By Period
In the year-to-date period, CION achieves a -23.99% return, which is significantly lower than SCHD's 17.24% return.
CION
- 1D
- -3.36%
- 1M
- 5.10%
- YTD
- -23.99%
- 6M
- -23.03%
- 1Y
- -14.77%
- 3Y*
- 1.14%
- 5Y*
- —
- 10Y*
- —
SCHD
- 1D
- 0.09%
- 1M
- -2.86%
- YTD
- 17.24%
- 6M
- 16.44%
- 1Y
- 24.06%
- 3Y*
- 14.45%
- 5Y*
- 8.77%
- 10Y*
- 12.68%
CION vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CION CION Investment Corporation | -23.99% | -2.26% | 14.82% | 35.42% | -14.80% | 3.97% |
SCHD Schwab U.S. Dividend Equity ETF | 17.24% | 4.34% | 11.66% | 4.54% | -3.26% | 8.73% |
Correlation
The correlation between CION and SCHD is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2021 | 0.45 |
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Return for Risk
CION vs. SCHD — Risk / Return Rank
CION
SCHD
CION vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CION Investment Corporation (CION) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CION | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -3.89 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.39 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 5.24 | -5.68 |
| Martin ratioReturn relative to average drawdown | -0.92 | 12.71 | -13.63 |
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Drawdowns
CION vs. SCHD - Drawdown Comparison
The maximum CION drawdown since its inception was -45.39%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for CION and SCHD.
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Drawdown Indicators
| CION | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.39% | -33.37% | -12.02% |
Max Drawdown (1Y)Largest decline over 1 year | -33.39% | -4.61% | -28.78% |
Max Drawdown (3Y)Largest decline over 3 years | -37.62% | -16.13% | -21.49% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.37% | — |
Current DrawdownCurrent decline from peak | -32.51% | -2.86% | -29.65% |
Average DrawdownAverage peak-to-trough decline | -15.24% | -3.31% | -11.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.12% | 1.90% | +14.22% |
Volatility
CION vs. SCHD - Volatility Comparison
CION Investment Corporation (CION) has a higher volatility of 12.27% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.58%. This indicates that CION'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.
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Volatility by Period
| CION | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.27% | 3.58% | +8.69% |
Volatility (6M)Calculated over the trailing 6-month period | 24.70% | 7.74% | +16.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.99% | 11.09% | +17.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.97% | 14.36% | +15.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.97% | 16.73% | +13.24% |
Dividends
CION vs. SCHD - Dividend Comparison
CION's dividend yield for the trailing twelve months is around 28.26%, more than SCHD's 3.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CION CION Investment Corporation | 28.26% | 14.89% | 13.33% | 14.24% | 14.87% | 3.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHD Schwab U.S. Dividend Equity ETF | 3.31% | 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
CION and SCHD have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CION has higher volatility (12.27%) compared to SCHD (3.58%). In terms of maximum drawdown, CION dropped -45.39% vs SCHD's -33.37%.
SCHD currently has the higher Sharpe Ratio (2.18 vs -0.51), 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.
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