OCTH vs SCHD
Innovator Premium Income 20 Barrier ETF - October 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 | OCTH | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.06% | |
| AUM | $18M | $108.7B | |
| Dividend Yield | 6.15% | 3.13% | |
| Holdings | 6 | 104 | |
| YTD Return | +1.00% | +28.48% | |
| 1Y Return | +1.71% | +30.95% | |
| 3Y Return (annualized) | +0.55% | +16.80% | |
| 5Y Return (annualized) | - | +10.27% | |
| Volatility (annualized) | 3.3% | 13.7% | |
| Max Drawdown | -13.6% | -33.4% | |
| Fund Family | Innovator ETFs Trust | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Oct 2, 2023 | Oct 20, 2011 |
OCTH vs SCHD Performance
Innovator Premium Income 20 Barrier ETF - October (OCTH) 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 OCTH returned +1.71% while SCHD returned +30.95%. Year to date, OCTH is up 1.00% versus a gain of 28.48% for SCHD.
Over three years, OCTH compounded at +0.55% per year against +16.80% for SCHD. Across the full 3-year window we track, SCHD has the edge at +11.60% annualized vs +0.55%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 3.3% for OCTH. 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 -13.6% for OCTH 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 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OCTH 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, OCTH currently yields 6.15% against 3.13% for SCHD.
Frequently Asked Questions
Which is cheaper, OCTH or SCHD?
OCTH 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, OCTH or SCHD?
Over the past year OCTH returned +1.71% vs +30.95% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), OCTH annualized +0.55% vs +11.60% for SCHD. Past performance does not guarantee future results.
Which is riskier, OCTH or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 3.3% for OCTH. Worst drawdown: OCTH -13.6% vs SCHD -33.4%.
Should I hold both OCTH and SCHD?
OCTH and SCHD have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, OCTH or SCHD?
OCTH yields 6.15% while SCHD yields 3.13%, so OCTH currently pays the higher dividend yield.
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