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. BFRZ is less concentrated, with 38.4% of the fund in its ten largest positions against 41.8%.
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 | $145M | $112.1B |
| Dividend Yield | 0.27% | 3.00% |
| Holdings | 370 | 103 |
| YTD Return | +0.64% | +25.07%Best |
| 1Y Return | +3.08% | +27.61%Best |
| 3Y Return (annualized) | - | +15.74% |
| 5Y Return (annualized) | - | +9.89% |
| Volatility (annualized) | 4.1%Best | 12.3% |
| Max Drawdown | -3.1%Best | -4.6% |
| $10,000 over 1.3 years | $10,791 | $13,482Best |
| Top 10 Weight | 38.4%Best | 41.8% |
| 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 |
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: May 13, 2025 to Sep 11, 2026 (1.3 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 1.3 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 +3.08% while SCHD returned +27.61%. Year to date, BFRZ is up 0.64% versus a gain of 25.07% 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 12.3% compared with 4.1% 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 -4.6% 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 0.27% against 3.00% for SCHD.
Holdings Overlap
7.3% of BFRZ's money is in holdings SCHD also owns. 37.8% of SCHD's money is in holdings BFRZ also owns.
The two portfolios partly overlap.
15 positions in common, counted across the 180 positions we hold weights for in BFRZ and 100 in SCHD, against full books of 370 and 103.
What only one of them owns
Our book lists 84 positions for SCHD that do not appear in our book for BFRZ (62.2% of the fund), and 156 for BFRZ that do not appear in SCHD (87.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in BFRZ | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Co. Inc. | 0.87% | 4.77% | 3.90% |
| AMGNAmgen Inc. | 0.55% | 4.70% | 4.15% |
| KOCoca Cola Co. | 0.82% | 4.17% | 3.35% |
| HDHome Depot Inc/The | 0.72% | 3.88% | 3.16% |
| CVXChevron Corp. | 0.57% | 4.02% | 3.45% |
| PGProcter & Gamble Company | 0.73% | 3.83% | 3.10% |
| UNHUnitedhealth Group Inc. | 0.73% | 3.82% | 3.09% |
| BXBlackstone Group Inc/the Common Stock | 0.46% | 2.59% | 2.13% |
| FFord Motor Co. | 0.35% | 1.33% | 0.98% |
| DVNDevon Energy Corp. | 0.30% | 1.36% | 1.06% |
37.8% 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 +3.08% vs +27.61% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), BFRZ annualized +6.03% vs +25.84% 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 12.3% annualized versus 4.1% for BFRZ. Worst drawdown: BFRZ -3.1% vs SCHD -4.6%.
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?
37.8% of SCHD's money is in holdings BFRZ also owns. 37.8% of SCHD's is in holdings BFRZ also owns. They hold 15 positions in common, counted across the 180 positions we hold weights for in BFRZ and 100 in SCHD.
Which pays a higher dividend, BFRZ or SCHD?
BFRZ yields 0.27% while SCHD yields 3.00%, 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. BFRZ is less concentrated, with 38.4% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.