OCTW vs SCHD
AllianzIM US Equity Buffer20 Oct ETF 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 | OCTW | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.74% | 0.06% | |
| AUM | $323M | $108.7B | |
| Dividend Yield | 0.00% | 3.13% | |
| Holdings | 5 | 104 | |
| YTD Return | +6.78% | +28.70% | |
| 1Y Return | +9.96% | +31.07% | |
| 3Y Return (annualized) | +10.64% | +16.88% | |
| 5Y Return (annualized) | +9.13% | +10.20% | |
| Volatility (annualized) | 5.1% | 13.7% | |
| Max Drawdown | -8.4% | -33.4% | |
| Fund Family | AllianzIM | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Sep 30, 2020 | Oct 20, 2011 |
OCTW vs SCHD Performance
AllianzIM US Equity Buffer20 Oct ETF (OCTW) is a ETF from AllianzIM and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year OCTW returned +9.96% while SCHD returned +31.07%. Year to date, OCTW is up 6.78% versus a gain of 28.70% for SCHD.
Over three years, OCTW compounded at +10.64% per year against +16.88% for SCHD; over five years the annualized figures are +9.13% and +10.20% respectively. Across the full 6-year window we track, SCHD has the edge at +11.62% annualized vs +9.07%. 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 5.1% for OCTW. 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 -8.4% for OCTW 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OCTW charges 0.74% per year while SCHD charges 0.06%. On a $10,000 position that is $74 vs $6 annually, a gap of $68 per year that compounds over a long holding period. On income, OCTW currently yields 0.00% against 3.13% for SCHD.
Frequently Asked Questions
Which is cheaper, OCTW or SCHD?
OCTW has an expense ratio of 0.74% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $68 per year of difference.
Which performed better, OCTW or SCHD?
Over the past year OCTW returned +9.96% vs +31.07% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), OCTW annualized +9.07% vs +11.62% for SCHD. Past performance does not guarantee future results.
Which is riskier, OCTW or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 5.1% for OCTW. Worst drawdown: OCTW -8.4% vs SCHD -33.4%.
Should I hold both OCTW and SCHD?
OCTW and SCHD have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, OCTW or SCHD?
OCTW yields 0.00% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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