OCTJ vs SCHD
Innovator Premium Income 30 Barrier ETF - October vs Schwab US Dividend Equity ETF
Which is better, OCTJ or SCHD?
Multi Alternative against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y 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 | OCTJ | SCHD |
|---|---|---|
| Expense Ratio | 0.79% | 0.06%Best |
| AUM | $15M | $111.6B |
| Dividend Yield | 5.32% | 3.24% |
| Holdings | 18 | 206 |
| YTD Return | -0.13% | +24.55%Best |
| 1Y Return | +0.46% | +29.85%Best |
| 3Y Return (annualized) | +3.98% | +16.64%Best |
| 5Y Return (annualized) | - | +9.54% |
| Volatility (annualized) | 2.2%Best | 13.5% |
| Max Drawdown | -5.3%Best | -16.1% |
| $10,000 over 3 years | $11,284 | $15,992Best |
| Fund Family | Innovator ETFs Trust | Charles Schwab Asset Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Value |
| Inception | Oct 2, 2023 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 2, 2023 to Oct 14, 2026 (3 years).
OCTJ 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 3 years both funds cover.
OCTJ vs SCHD Performance
Innovator Premium Income 30 Barrier ETF - October (OCTJ) 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 OCTJ returned +0.46% while SCHD returned +29.85%. Year to date, OCTJ is down 0.13% versus a gain of 24.55% for SCHD.
Over three years, OCTJ compounded at +3.98% per year against +16.64% 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 13.5% compared with 2.2% for OCTJ. 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 -5.3% for OCTJ and -16.1% 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 0.51. They move together some of the time, and apart the rest.
Fees and Cost Over Time
OCTJ charges 0.79% per year while SCHD charges 0.06%. On a $10,000 position that is $79 vs $6 annually, a gap of $73 per year that compounds over a long holding period. On income, OCTJ currently yields 5.32% against 3.24% for SCHD.
You are not choosing between two funds in isolation.
Whichever of OCTJ and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, OCTJ or SCHD?
OCTJ has an expense ratio of 0.79% while SCHD charges 0.06%. SCHD is the cheaper option, by $73 a year on a $10,000 investment.
Which performed better, OCTJ or SCHD?
Over the past year OCTJ returned +0.46% vs +29.85% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OCTJ or SCHD?
SCHD has been the more volatile fund at 13.5% annualized versus 2.2% for OCTJ. Worst drawdown: OCTJ -5.3% vs SCHD -16.1%.
Should I hold both OCTJ and SCHD?
OCTJ and SCHD have a monthly-return correlation of 0.51, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, OCTJ or SCHD?
OCTJ yields 5.32% while SCHD yields 3.24%, so OCTJ currently pays the higher dividend yield.
Is SCHD better than OCTJ?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.