IAPR vs SCHD
Innovator International Developed Power Buffer ETF - April 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 | IAPR | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.06% | |
| AUM | $198M | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 6 | 104 | |
| YTD Return | +10.31% | +26.21% | |
| 1Y Return | +14.71% | +29.99% | |
| 3Y Return (annualized) | +11.36% | +15.73% | |
| 5Y Return (annualized) | +5.67% | +9.67% | |
| Volatility (annualized) | 8.1% | 13.6% | |
| Max Drawdown | -17.7% | -33.4% | |
| Fund Family | Innovator ETFs Trust | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Mar 31, 2021 | Oct 20, 2011 |
IAPR vs SCHD Performance
Innovator International Developed Power Buffer ETF - April (IAPR) 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 IAPR returned +14.71% while SCHD returned +29.99%. Year to date, IAPR is up 10.31% versus a gain of 26.21% for SCHD.
Over three years, IAPR compounded at +11.36% per year against +15.73% for SCHD; over five years the annualized figures are +5.67% and +9.67% respectively. Across the full 5-year window we track, SCHD has the edge at +11.50% annualized vs +5.84%. 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 8.1% for IAPR. 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 -17.7% for IAPR 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IAPR 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, IAPR currently yields 0.00% against 3.31% for SCHD.
Frequently Asked Questions
Which is cheaper, IAPR or SCHD?
IAPR 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, IAPR or SCHD?
Over the past year IAPR returned +14.71% vs +29.99% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), IAPR annualized +5.84% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, IAPR or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 8.1% for IAPR. Worst drawdown: IAPR -17.7% vs SCHD -33.4%.
Should I hold both IAPR and SCHD?
IAPR and SCHD have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IAPR or SCHD?
IAPR yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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