BOCT vs SCHD
Innovator U.S. Equity Buffer ETF - October 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 | BOCT | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.06% | |
| AUM | $284M | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 6 | 104 | |
| YTD Return | +9.84% | +25.33% | |
| 1Y Return | +16.89% | +32.31% | |
| 3Y Return (annualized) | +14.02% | +15.40% | |
| 5Y Return (annualized) | +10.83% | +9.70% | |
| Volatility (annualized) | 11.2% | 13.6% | |
| Max Drawdown | -24.5% | -33.4% | |
| Fund Family | Innovator ETFs Trust | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Sep 28, 2018 | Oct 20, 2011 |
BOCT vs SCHD Performance
Innovator U.S. Equity Buffer ETF - October (BOCT) 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 BOCT returned +16.89% while SCHD returned +32.31%. Year to date, BOCT is up 9.84% versus a gain of 25.33% for SCHD.
Over three years, BOCT compounded at +14.02% per year against +15.40% for SCHD; over five years the annualized figures are +10.83% and +9.70% respectively. Across the full 8-year window we track, SCHD has the edge at +11.45% annualized vs +10.63%. 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 11.2% for BOCT. 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 -24.5% for BOCT 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BOCT 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, BOCT currently yields 0.00% against 3.31% for SCHD.
Frequently Asked Questions
Which is cheaper, BOCT or SCHD?
BOCT 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, BOCT or SCHD?
Over the past year BOCT returned +16.89% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (8 years), BOCT annualized +10.63% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, BOCT or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 11.2% for BOCT. Worst drawdown: BOCT -24.5% vs SCHD -33.4%.
Should I hold both BOCT and SCHD?
BOCT and SCHD have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, BOCT or SCHD?
BOCT yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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