EALT vs SCHD
Innovator US Equity 5 to 15 Buffer ETF - Quarterly 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 104 holdings.
Side-by-Side Comparison
| Metric | EALT | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.06% | |
| AUM | $175M | $108.7B | |
| Dividend Yield | 0.00% | 3.13% | |
| Holdings | 8 | 104 | |
| YTD Return | +3.02% | +27.67% | |
| 1Y Return | +8.79% | +31.26% | |
| 3Y Return (annualized) | +13.08% | +16.66% | |
| 5Y Return (annualized) | - | +10.18% | |
| Volatility (annualized) | 8.9% | 13.6% | |
| Max Drawdown | -14.8% | -33.4% | |
| Fund Family | Innovator ETFs Trust | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Oct 2, 2023 | Oct 20, 2011 |
EALT vs SCHD Performance
Innovator US Equity 5 to 15 Buffer ETF - Quarterly (EALT) 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 EALT returned +8.79% while SCHD returned +31.26%. Year to date, EALT is up 3.02% versus a gain of 27.67% for SCHD.
Over three years, EALT compounded at +13.08% per year against +16.66% for SCHD. Across the full 3-year window we track, EALT has the edge at +13.08% annualized vs +11.57%. 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 8.9% for EALT. 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 -14.8% for EALT 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 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EALT charges 0.69% per year while SCHD charges 0.06%. On a $10,000 position that is $69 vs $6 annually, a gap of $63 per year that compounds over a long holding period. On income, EALT currently yields 0.00% against 3.13% for SCHD.
Holdings Overlap
EALT 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, EALT or SCHD?
EALT has an expense ratio of 0.69% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $63 per year of difference.
Which performed better, EALT or SCHD?
Over the past year EALT returned +8.79% vs +31.26% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), EALT annualized +13.08% vs +11.57% for SCHD. Past performance does not guarantee future results.
Which is riskier, EALT or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 8.9% for EALT. Worst drawdown: EALT -14.8% vs SCHD -33.4%.
Should I hold both EALT and SCHD?
EALT and SCHD have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EALT and SCHD?
EALT and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, EALT or SCHD?
EALT yields 0.00% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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