ACII vs SCHD
Innovator Index Autocallable Income Strategy ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | ACII | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.06% | |
| AUM | $133M | $112.2B | |
| Dividend Yield | 6.85% | 3.13% | |
| Holdings | 6 | 103 | |
| YTD Return | +6.00% | +28.33% | |
| 1Y Return | +8.23% | +30.37% | |
| 3Y Return (annualized) | - | +16.64% | |
| 5Y Return (annualized) | - | +10.04% | |
| Volatility (annualized) | 4.0% | 13.6% | |
| Max Drawdown | -2.3% | -33.4% | |
| Fund Family | Innovator ETFs Trust | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Sep 24, 2025 | Oct 20, 2011 |
ACII vs SCHD Performance
Innovator Index Autocallable Income Strategy ETF (ACII) is a ETF from Innovator ETFs Trust and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year ACII returned +8.23% while SCHD returned +30.37%. Year to date, ACII is up 6.00% versus a gain of 28.33% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 4.0% for ACII. 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 -2.3% for ACII and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ACII 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, ACII currently yields 6.85% against 3.13% for SCHD.
Frequently Asked Questions
Which is cheaper, ACII or SCHD?
ACII has an expense ratio of 0.79% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, ACII or SCHD?
Over the past year ACII returned +8.23% vs +30.37% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, ACII or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 4.0% for ACII. Worst drawdown: ACII -2.3% vs SCHD -33.4%.
Should I hold both ACII and SCHD?
ACII and SCHD have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, ACII or SCHD?
ACII yields 6.85% while SCHD yields 3.13%, so ACII currently pays the higher dividend yield.
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