KNOV vs SCHD
Innovator US Small Cap Power 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 | KNOV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.06% | |
| AUM | $45M | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 6 | 104 | |
| YTD Return | +12.82% | +26.21% | |
| 1Y Return | +21.54% | +29.99% | |
| 3Y Return (annualized) | - | +15.73% | |
| 5Y Return (annualized) | - | +9.67% | |
| Volatility (annualized) | 8.9% | 13.6% | |
| Max Drawdown | -15.0% | -33.4% | |
| Fund Family | Innovator ETFs Trust | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Nov 1, 2024 | Oct 20, 2011 |
KNOV vs SCHD Performance
Innovator US Small Cap Power Buffer ETF - November (KNOV) 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 KNOV returned +21.54% while SCHD returned +29.99%. Year to date, KNOV is up 12.82% versus a gain of 26.21% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 8.9% for KNOV. 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 -15.0% for KNOV 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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KNOV charges 0.79% per year while SCHD charges 0.06%. On a $10,000 position that is $79 vs $6 annually, a gap of $73 per year that compounds over a long holding period. On income, KNOV currently yields 0.00% against 3.31% for SCHD.
Frequently Asked Questions
Which is cheaper, KNOV or SCHD?
KNOV has an expense ratio of 0.79% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, KNOV or SCHD?
Over the past year KNOV returned +21.54% vs +29.99% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), KNOV annualized +15.11% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, KNOV or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 8.9% for KNOV. Worst drawdown: KNOV -15.0% vs SCHD -33.4%.
Should I hold both KNOV and SCHD?
KNOV and SCHD have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, KNOV or SCHD?
KNOV yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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