BFRZ vs SCHD
Innovator Equity Managed 100 Buffer ETF vs Schwab US Dividend Equity ETF
Which is better, BFRZ or SCHD?
Option Writing against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BFRZ | SCHD |
|---|---|---|
| Expense Ratio | 0.89% | 0.06%Best |
| AUM | $147M | $111.6B |
| Dividend Yield | 0.25% | 3.24% |
| Holdings | 567 | 206 |
| YTD Return | +1.76% | +24.55%Best |
| 1Y Return | +3.04% | +29.85%Best |
| 3Y Return (annualized) | - | +16.64% |
| 5Y Return (annualized) | - | +9.54% |
| Volatility (annualized) | 4.0%Best | 13.3% |
| Max Drawdown | -3.1%Best | -6.9% |
| $10,000 over 1.4 years | $10,916 | $13,461Best |
| Fund Family | Innovator ETFs Trust | Charles Schwab Asset Management |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Value |
| Inception | May 13, 2025 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: May 13, 2025 to Oct 14, 2026 (1.4 years).
BFRZ vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.4 years both funds cover.
BFRZ vs SCHD Performance
Innovator Equity Managed 100 Buffer ETF (BFRZ) is an ETF from Innovator ETFs Trust and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year BFRZ returned +3.04% while SCHD returned +29.85%. Year to date, BFRZ is up 1.76% versus a gain of 24.55% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.3% compared with 4.0% for BFRZ. 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 -3.1% for BFRZ and -6.9% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.03. They move largely independently of each other.
Fees and Cost Over Time
BFRZ charges 0.89% per year while SCHD charges 0.06%. On a $10,000 position that is $89 vs $6 annually, a gap of $83 per year that compounds over a long holding period. On income, BFRZ currently yields 0.25% against 3.24% for SCHD.
Holdings Overlap
At least 35.7% of SCHD's money is in holdings BFRZ also owns.
Stated as a floor: for BFRZ, our book for it covers 94.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
15 positions in common, counted across the 177 positions we hold weights for in BFRZ and 98 in SCHD, against full books of 567 and 206.
Top Shared Holdings
| Stock | Weight in BFRZ | Weight in SCHD | Difference |
|---|---|---|---|
| KOCoca Cola Co. | 0.79% | 4.12% | 3.33% |
| MRKMerck & Company Inc | 0.84% | 4.04% | 3.20% |
| PGProcter & Gamble Company | 0.72% | 4.16% | 3.44% |
| CVXChevron Corp | 0.57% | 4.14% | 3.57% |
| UNHUnitedhealth Group Incorporated | 0.69% | 3.95% | 3.26% |
| HDHome Depot Inc/The | 0.61% | 3.77% | 3.16% |
| AMGNAmgen Inc. | 0.51% | 3.86% | 3.35% |
| BXBlackstone Group Inc. Class A | 0.36% | 2.16% | 1.80% |
| DVNDevon Energy Corp. | 0.30% | 1.35% | 1.05% |
| FFord Motor Co | 0.30% | 1.22% | 0.92% |
35.7% of SCHD is already inside BFRZ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BFRZ or SCHD?
BFRZ has an expense ratio of 0.89% while SCHD charges 0.06%. SCHD is the cheaper option, by $83 a year on a $10,000 investment.
Which performed better, BFRZ or SCHD?
Over the past year BFRZ returned +3.04% vs +29.85% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), BFRZ annualized +6.46% vs +23.65% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BFRZ or SCHD?
SCHD has been the more volatile fund at 13.3% annualized versus 4.0% for BFRZ. Worst drawdown: BFRZ -3.1% vs SCHD -6.9%.
Should I hold both BFRZ and SCHD?
BFRZ and SCHD have a monthly-return correlation of -0.03, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BFRZ and SCHD?
At least 35.7% of SCHD's money is in holdings BFRZ also owns. Our book for BFRZ is partial, so the real figure is this or higher. They hold 15 positions in common, counted across the 177 positions we hold weights for in BFRZ and 98 in SCHD.
Which pays a higher dividend, BFRZ or SCHD?
BFRZ yields 0.25% while SCHD yields 3.24%, so SCHD currently pays the higher dividend yield.
Is SCHD better than BFRZ?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.