GINN vs SCHD
Goldman Sachs Innovate Equity ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. GINN offers more diversification with 468 holdings.
Side-by-Side Comparison
| Metric | GINN | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.06% | |
| AUM | $202M | $103.7B | |
| Dividend Yield | 1.17% | 3.31% | |
| Holdings | 485 | 104 | |
| YTD Return | +11.42% | +24.26% | |
| 1Y Return | +22.04% | +31.38% | |
| 3Y Return (annualized) | +19.03% | +15.08% | |
| 5Y Return (annualized) | +6.33% | +9.72% | |
| Volatility (annualized) | 18.4% | 13.6% | |
| Max Drawdown | -41.3% | -33.4% | |
| Fund Family | Goldman Sachs Asset Management | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Nov 9, 2020 | Oct 20, 2011 |
GINN vs SCHD Performance
Goldman Sachs Innovate Equity ETF (GINN) is a ETF from Goldman Sachs Asset Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year GINN returned +22.04% while SCHD returned +31.38%. Year to date, GINN is up 11.42% versus a gain of 24.26% for SCHD.
Over three years, GINN compounded at +19.03% per year against +15.08% for SCHD; over five years the annualized figures are +6.33% and +9.72% respectively. Across the full 6-year window we track, SCHD has the edge at +11.39% annualized vs +9.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GINN has been the more volatile fund, with annualized monthly volatility of 18.4% 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 -41.3% for GINN 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GINN charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, GINN currently yields 1.17% against 3.31% for SCHD.
Holdings Overlap
GINN and SCHD share 13 holdings out of 555 unique holdings combined, representing a 4.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GINN or SCHD?
GINN has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, GINN or SCHD?
Over the past year GINN returned +22.04% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), GINN annualized +9.51% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, GINN or SCHD?
GINN has been the more volatile fund at 18.4% annualized versus 13.6% for SCHD. Worst drawdown: GINN -41.3% vs SCHD -33.4%.
Should I hold both GINN and SCHD?
GINN and SCHD have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GINN and SCHD?
GINN and SCHD share 13 common holdings with a 4.5% weight overlap. Combined, they hold 555 unique securities.
Which pays a higher dividend, GINN or SCHD?
GINN yields 1.17% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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