INKM vs SCHD
State Street Income Allocation ETF 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 | INKM | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.06% | |
| AUM | $75M | $108.7B | |
| Dividend Yield | 4.78% | 3.13% | |
| Holdings | 15 | 104 | |
| YTD Return | +6.81% | +26.50% | |
| 1Y Return | +10.62% | +31.25% | |
| 3Y Return (annualized) | +10.84% | +16.34% | |
| 5Y Return (annualized) | +4.36% | +10.10% | |
| Volatility (annualized) | 9.4% | 13.6% | |
| Max Drawdown | -28.6% | -33.4% | |
| Fund Family | State Street Investment Management | Charles Schwab Asset Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Apr 25, 2012 | Oct 20, 2011 |
INKM vs SCHD Performance
State Street Income Allocation ETF (INKM) is a ETF from State Street Investment Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year INKM returned +10.62% while SCHD returned +31.25%. Year to date, INKM is up 6.81% versus a gain of 26.50% for SCHD.
Over three years, INKM compounded at +10.84% per year against +16.34% for SCHD; over five years the annualized figures are +4.36% and +10.10% respectively. Across the full 14-year window we track, SCHD has the edge at +11.50% annualized vs +2.81%. 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 9.4% for INKM. 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 -28.6% for INKM 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
INKM 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, INKM currently yields 4.78% against 3.13% for SCHD.
Holdings Overlap
INKM and SCHD share 0 holdings out of 115 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, INKM or SCHD?
INKM 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, INKM or SCHD?
Over the past year INKM returned +10.62% vs +31.25% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (14 years), INKM annualized +2.81% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, INKM or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 9.4% for INKM. Worst drawdown: INKM -28.6% vs SCHD -33.4%.
Should I hold both INKM and SCHD?
INKM and SCHD have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between INKM and SCHD?
INKM and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 115 unique securities.
Which pays a higher dividend, INKM or SCHD?
INKM yields 4.78% while SCHD yields 3.13%, so INKM currently pays the higher dividend yield.
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