OCTM vs SCHD
FT Vest US Equity Max Buffer 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 | OCTM | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.06% | |
| AUM | $31M | $108.7B | |
| Dividend Yield | 0.00% | 3.13% | |
| Holdings | 5 | 104 | |
| YTD Return | +4.05% | +29.07% | |
| 1Y Return | +6.56% | +31.45% | |
| 3Y Return (annualized) | - | +17.18% | |
| 5Y Return (annualized) | - | +10.30% | |
| Volatility (annualized) | 2.7% | 13.7% | |
| Max Drawdown | -3.3% | -33.4% | |
| Fund Family | First Trust Portfolios (US) | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Oct 18, 2024 | Oct 20, 2011 |
OCTM vs SCHD Performance
FT Vest US Equity Max Buffer ETF - October (OCTM) is a ETF from First Trust Portfolios (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year OCTM returned +6.56% while SCHD returned +31.45%. Year to date, OCTM is up 4.05% versus a gain of 29.07% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 2.7% for OCTM. 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 -3.3% for OCTM 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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OCTM charges 0.85% per year while SCHD charges 0.06%. On a $10,000 position that is $85 vs $6 annually, a gap of $79 per year that compounds over a long holding period. On income, OCTM currently yields 0.00% against 3.13% for SCHD.
Holdings Overlap
OCTM and SCHD share 0 holdings out of 101 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, OCTM or SCHD?
OCTM has an expense ratio of 0.85% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $79 per year of difference.
Which performed better, OCTM or SCHD?
Over the past year OCTM returned +6.56% vs +31.45% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), OCTM annualized +6.24% vs +11.64% for SCHD. Past performance does not guarantee future results.
Which is riskier, OCTM or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 2.7% for OCTM. Worst drawdown: OCTM -3.3% vs SCHD -33.4%.
Should I hold both OCTM and SCHD?
OCTM and SCHD have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OCTM and SCHD?
OCTM and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, OCTM or SCHD?
OCTM yields 0.00% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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