PDEC vs SCHD
Innovator US Equity Power Buffer ETF - December vs Schwab US Dividend Equity ETF
Which is better, PDEC or SCHD?
Option Writing against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PDEC | SCHD |
|---|---|---|
| Expense Ratio | 0.79% | 0.06%Best |
| AUM | $993M | $112.1B |
| Dividend Yield | 0.00% | 3.00% |
| Holdings | 12 | 103 |
| YTD Return | +8.23% | +24.23%Best |
| 1Y Return | +12.56% | +27.90%Best |
| 3Y Return (annualized) | +12.04% | +15.55%Best |
| 5Y Return (annualized) | +8.77% | +9.97%Best |
| Volatility (annualized) | 9.0%Best | 16.8% |
| Max Drawdown | -19.3%Best | -33.4% |
| $10,000 over 5 years | $15,225 | $16,083Best |
| Fund Family | Innovator ETFs Trust | Charles Schwab Asset Management |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Value |
| Inception | Dec 1, 2019 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 2, 2019 to Sep 17, 2026 (6.8 years).
PDEC vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.8 years both funds cover.
PDEC vs SCHD Performance
Innovator US Equity Power Buffer ETF - December (PDEC) is an ETF from Innovator ETFs Trust and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year PDEC returned +12.56% while SCHD returned +27.90%. Year to date, PDEC is up 8.23% versus a gain of 24.23% for SCHD.
Over three years, PDEC compounded at +12.04% per year against +15.55% for SCHD; over five years the annualized figures are +8.77% and +9.97% respectively. Across the full 7-year window we track, SCHD has the edge at +12.07% annualized vs +8.89%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 9.0% for PDEC. 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 -19.3% for PDEC and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PDEC 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, PDEC currently yields 0.00% against 3.00% for SCHD.
You are not choosing between two funds in isolation.
Whichever of PDEC and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PDEC or SCHD?
PDEC has an expense ratio of 0.79% while SCHD charges 0.06%. SCHD is the cheaper option, by $73 a year on a $10,000 investment.
Which performed better, PDEC or SCHD?
Over the past year PDEC returned +12.56% vs +27.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (7 years), PDEC annualized +8.89% vs +12.07% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PDEC or SCHD?
SCHD has been the more volatile fund at 16.8% annualized versus 9.0% for PDEC. Worst drawdown: PDEC -19.3% vs SCHD -33.4%.
Should I hold both PDEC and SCHD?
PDEC and SCHD have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PDEC or SCHD?
PDEC yields 0.00% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than PDEC?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.