BDEC vs SCHD
BDEC vs SCHD
Innovator US Equity Buffer ETF - December 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 100 holdings.
Side-by-Side Comparison
| Metric | BDEC | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.06% | |
| AUM | $218M | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 6 | 104 | |
| YTD Return | +10.14% | +24.26% | |
| 1Y Return | +19.10% | +31.38% | |
| 3Y Return (annualized) | +14.28% | +15.08% | |
| 5Y Return (annualized) | +10.26% | +9.72% | |
| Volatility (annualized) | 12.0% | 13.6% | |
| Max Drawdown | -25.6% | -33.4% | |
| Fund Family | Innovator ETFs Trust | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Nov 29, 2019 | Oct 20, 2011 |
BDEC vs SCHD Performance
Innovator US Equity Buffer ETF - December (BDEC) 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 BDEC returned +19.10% while SCHD returned +31.38%. Year to date, BDEC is up 10.14% versus a gain of 24.26% for SCHD.
Over three years, BDEC compounded at +14.28% per year against +15.08% for SCHD; over five years the annualized figures are +10.26% and +9.72% respectively. Across the full 7-year window we track, BDEC has the edge at +11.56% annualized vs +11.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 12.0% for BDEC. 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 -25.6% for BDEC 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BDEC 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, BDEC currently yields 0.00% against 3.31% for SCHD.
Frequently Asked Questions
Which is cheaper, BDEC or SCHD?
BDEC 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, BDEC or SCHD?
Over the past year BDEC returned +19.10% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (7 years), BDEC annualized +11.56% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, BDEC or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 12.0% for BDEC. Worst drawdown: BDEC -25.6% vs SCHD -33.4%.
Should I hold both BDEC and SCHD?
BDEC and SCHD have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, BDEC or SCHD?
BDEC yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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