RFLR vs SCHD
Innovator US Small Cap Managed Floor ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. RFLR offers more diversification with 841 holdings.
Side-by-Side Comparison
| Metric | RFLR | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.89% | 0.06% | |
| AUM | $95M | $108.7B | |
| Dividend Yield | 0.60% | 3.13% | |
| Holdings | 841 | 104 | |
| YTD Return | +16.06% | +28.70% | |
| 1Y Return | +26.27% | +32.27% | |
| 3Y Return (annualized) | - | +17.27% | |
| 5Y Return (annualized) | - | +10.23% | |
| Volatility (annualized) | 11.3% | 13.7% | |
| Max Drawdown | -15.5% | -33.4% | |
| Fund Family | Innovator ETFs Trust | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Sep 17, 2024 | Oct 20, 2011 |
RFLR vs SCHD Performance
Innovator US Small Cap Managed Floor ETF (RFLR) 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 RFLR returned +26.27% while SCHD returned +32.27%. Year to date, RFLR is up 16.06% versus a gain of 28.70% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 11.3% for RFLR. 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 -15.5% for RFLR 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RFLR charges 0.89% per year while SCHD charges 0.06%. On a $10,000 position that is $89 vs $6 annually, a gap of $83 per year that compounds over a long holding period. On income, RFLR currently yields 0.60% against 3.13% for SCHD.
Holdings Overlap
RFLR and SCHD share 15 holdings out of 879 unique holdings combined, representing a 1.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RFLR or SCHD?
RFLR has an expense ratio of 0.89% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $83 per year of difference.
Which performed better, RFLR or SCHD?
Over the past year RFLR returned +26.27% vs +32.27% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), RFLR annualized +16.15% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, RFLR or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 11.3% for RFLR. Worst drawdown: RFLR -15.5% vs SCHD -33.4%.
Should I hold both RFLR and SCHD?
RFLR and SCHD have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RFLR and SCHD?
RFLR and SCHD share 15 common holdings with a 1.3% weight overlap. Combined, they hold 879 unique securities.
Which pays a higher dividend, RFLR or SCHD?
RFLR yields 0.60% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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