DOCT vs SCHD
FT Vest US Equity Deep 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 | DOCT | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.06% | |
| AUM | $382M | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 5 | 104 | |
| YTD Return | +7.21% | +24.26% | |
| 1Y Return | +13.95% | +31.38% | |
| 3Y Return (annualized) | +10.54% | +15.08% | |
| 5Y Return (annualized) | +7.99% | +9.72% | |
| Volatility (annualized) | 50.3% | 13.6% | |
| Max Drawdown | -9.9% | -33.4% | |
| Fund Family | First Trust Portfolios (US) | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Oct 16, 2020 | Oct 20, 2011 |
DOCT vs SCHD Performance
FT Vest US Equity Deep Buffer ETF - October (DOCT) is a ETF from First Trust Portfolios (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DOCT returned +13.95% while SCHD returned +31.38%. Year to date, DOCT is up 7.21% versus a gain of 24.26% for SCHD.
Over three years, DOCT compounded at +10.54% per year against +15.08% for SCHD; over five years the annualized figures are +7.99% and +9.72% respectively. Across the full 6-year window we track, DOCT has the edge at +24.90% annualized vs +11.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DOCT has been the more volatile fund, with annualized monthly volatility of 50.3% compared with 13.6% for SCHD. 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 -9.9% for DOCT 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 0.06. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DOCT charges 0.85% per year while SCHD charges 0.06%. On a $10,000 position that is $85 vs $6 annually, a gap of $79 per year that compounds over a long holding period. On income, DOCT currently yields 0.00% against 3.31% for SCHD.
Holdings Overlap
DOCT and SCHD share 0 holdings out of 101 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DOCT or SCHD?
DOCT has an expense ratio of 0.85% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $79 per year of difference.
Which performed better, DOCT or SCHD?
Over the past year DOCT returned +13.95% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), DOCT annualized +24.90% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, DOCT or SCHD?
DOCT has been the more volatile fund at 50.3% annualized versus 13.6% for SCHD. Worst drawdown: DOCT -9.9% vs SCHD -33.4%.
Should I hold both DOCT and SCHD?
DOCT and SCHD have a monthly-return correlation of 0.06, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DOCT and SCHD?
DOCT and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, DOCT or SCHD?
DOCT yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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