IMAY vs SCHD
Innovator International Developed Power Buffer ETF - May 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 | IMAY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.06% | |
| AUM | $55M | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 6 | 104 | |
| YTD Return | +8.71% | +24.26% | |
| 1Y Return | +14.95% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 6.3% | 13.6% | |
| Max Drawdown | -9.4% | -33.4% | |
| Fund Family | Innovator ETFs Trust | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | May 1, 2024 | Oct 20, 2011 |
IMAY vs SCHD Performance
Innovator International Developed Power Buffer ETF - May (IMAY) 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 IMAY returned +14.95% while SCHD returned +31.38%. Year to date, IMAY is up 8.71% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 6.3% for IMAY. 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 -9.4% for IMAY 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IMAY 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, IMAY currently yields 0.00% against 3.31% for SCHD.
Frequently Asked Questions
Which is cheaper, IMAY or SCHD?
IMAY 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, IMAY or SCHD?
Over the past year IMAY returned +14.95% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), IMAY annualized +12.74% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, IMAY or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 6.3% for IMAY. Worst drawdown: IMAY -9.4% vs SCHD -33.4%.
Should I hold both IMAY and SCHD?
IMAY and SCHD have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IMAY or SCHD?
IMAY yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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