LJAN vs SCHD
Innovator Premium Income 15 Buffer ETF - January 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 | LJAN | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.06% | |
| AUM | $12M | $103.7B | |
| Dividend Yield | 4.96% | 3.31% | |
| Holdings | 11 | 104 | |
| YTD Return | +0.79% | +25.62% | |
| 1Y Return | +0.30% | +32.62% | |
| 3Y Return (annualized) | - | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 1.8% | 13.6% | |
| Max Drawdown | -5.9% | -33.4% | |
| Fund Family | Innovator ETFs Trust | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jan 2, 2024 | Oct 20, 2011 |
LJAN vs SCHD Performance
Innovator Premium Income 15 Buffer ETF - January (LJAN) 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 LJAN returned +0.30% while SCHD returned +32.62%. Year to date, LJAN is up 0.79% versus a gain of 25.62% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 1.8% for LJAN. 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 -5.9% for LJAN 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 0.41. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LJAN 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, LJAN currently yields 4.96% against 3.31% for SCHD.
Holdings Overlap
LJAN and SCHD share 0 holdings out of 102 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, LJAN or SCHD?
LJAN 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, LJAN or SCHD?
Over the past year LJAN returned +0.30% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), LJAN annualized +0.39% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, LJAN or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 1.8% for LJAN. Worst drawdown: LJAN -5.9% vs SCHD -33.4%.
Should I hold both LJAN and SCHD?
LJAN and SCHD have a monthly-return correlation of 0.41, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LJAN and SCHD?
LJAN and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, LJAN or SCHD?
LJAN yields 4.96% while SCHD yields 3.31%, so LJAN currently pays the higher dividend yield.
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