GNOV vs SCHD
FT Vest US Equity Moderate Buffer ETF - November 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 | GNOV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.06% | |
| AUM | $293M | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 5 | 104 | |
| YTD Return | +6.89% | +25.58% | |
| 1Y Return | +13.94% | +31.06% | |
| 3Y Return (annualized) | - | +15.55% | |
| 5Y Return (annualized) | - | +9.61% | |
| Volatility (annualized) | 5.4% | 13.6% | |
| Max Drawdown | -10.7% | -33.4% | |
| Fund Family | First Trust Portfolios (US) | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Nov 17, 2023 | Oct 20, 2011 |
GNOV vs SCHD Performance
FT Vest US Equity Moderate Buffer ETF - November (GNOV) 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 GNOV returned +13.94% while SCHD returned +31.06%. Year to date, GNOV is up 6.89% versus a gain of 25.58% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 5.4% for GNOV. 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 -10.7% for GNOV 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GNOV 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, GNOV currently yields 0.00% against 3.31% for SCHD.
Holdings Overlap
GNOV 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, GNOV or SCHD?
GNOV 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, GNOV or SCHD?
Over the past year GNOV returned +13.94% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), GNOV annualized +12.50% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, GNOV or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 5.4% for GNOV. Worst drawdown: GNOV -10.7% vs SCHD -33.4%.
Should I hold both GNOV and SCHD?
GNOV and SCHD have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GNOV and SCHD?
GNOV and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, GNOV or SCHD?
GNOV yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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