CWB vs. SCHD
Compare and contrast key facts about SPDR Bloomberg Barclays Convertible Securities ETF (CWB) and Schwab US Dividend Equity ETF (SCHD).
CWB and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CWB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Convertibles Liquid Bond. It was launched on Apr 14, 2009. 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 CWB 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: CWB or SCHD.
Key characteristics
| CWB | SCHD | |
|---|---|---|
| YTD Return | 11.80% | 17.07% |
| 1Y Return | 22.72% | 29.98% |
| 3Y Return (Ann) | -1.53% | 6.85% |
| 5Y Return (Ann) | 10.79% | 12.79% |
| 10Y Return (Ann) | 9.24% | 11.62% |
| Sharpe Ratio | 2.77 | 2.64 |
| Sortino Ratio | 3.96 | 3.81 |
| Omega Ratio | 1.50 | 1.47 |
| Calmar Ratio | 0.95 | 2.92 |
| Martin Ratio | 15.17 | 14.57 |
| Ulcer Index | 1.52% | 2.04% |
| Daily Std Dev | 8.31% | 11.26% |
| Max Drawdown | -32.06% | -33.37% |
| Current Drawdown | -7.04% | -0.86% |
Correlation
The correlation between CWB and SCHD is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CWB vs. SCHD - Performance Comparison
In the year-to-date period, CWB achieves a 11.80% return, which is significantly lower than SCHD's 17.07% return. Over the past 10 years, CWB has underperformed SCHD with an annualized return of 9.24%, while SCHD has yielded a comparatively higher 11.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CWB vs. SCHD - Expense Ratio Comparison
CWB has a 0.40% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
CWB vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays Convertible Securities ETF (CWB) 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.
Dividends
CWB vs. SCHD - Dividend Comparison
CWB's dividend yield for the trailing twelve months is around 1.72%, less than SCHD's 3.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWB SPDR Bloomberg Barclays Convertible Securities ETF | 1.72% | 1.97% | 2.21% | 1.97% | 2.34% | 3.03% | 6.17% | 4.25% | 4.60% | 7.52% | 7.36% | 3.66% |
SCHD Schwab US Dividend Equity ETF | 3.38% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
CWB vs. SCHD - Drawdown Comparison
The maximum CWB drawdown since its inception was -32.06%, roughly equal to the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for CWB and SCHD. For additional features, visit the drawdowns tool.
Volatility
CWB vs. SCHD - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Convertible Securities ETF (CWB) is 2.41%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 3.51%. This indicates that CWB 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.