NMAY vs SCHD
Innovator Growth-100 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 | NMAY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.06% | |
| AUM | $63M | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 6 | 104 | |
| YTD Return | +6.52% | +25.62% | |
| 1Y Return | +10.66% | +32.62% | |
| 3Y Return (annualized) | - | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 4.5% | 13.6% | |
| Max Drawdown | -3.8% | -33.4% | |
| Fund Family | Innovator ETFs Trust | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | May 1, 2025 | Oct 20, 2011 |
NMAY vs SCHD Performance
Innovator Growth-100 Power Buffer ETF - May (NMAY) 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 NMAY returned +10.66% while SCHD returned +32.62%. Year to date, NMAY is up 6.52% 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 4.5% for NMAY. 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 -3.8% for NMAY 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 -0.12. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NMAY 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, NMAY currently yields 0.00% against 3.31% for SCHD.
Frequently Asked Questions
Which is cheaper, NMAY or SCHD?
NMAY 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, NMAY or SCHD?
Over the past year NMAY returned +10.66% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), NMAY annualized +15.17% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, NMAY or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 4.5% for NMAY. Worst drawdown: NMAY -3.8% vs SCHD -33.4%.
Should I hold both NMAY and SCHD?
NMAY and SCHD have a monthly-return correlation of -0.12, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, NMAY or SCHD?
NMAY yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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