SCHD vs SFLR
Schwab US Dividend Equity ETF vs Innovator Equity Managed Floor ETF
Which is better, SCHD or SFLR?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y and 3Y, SFLR over the full window. SFLR is less concentrated, with 38.9% of the fund in its ten largest positions against 41.8%.
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 | SCHD | SFLR |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.89% |
| AUM | $112.1B | $2.1B |
| Dividend Yield | 3.00% | 0.28% |
| Holdings | 103 | 392 |
| YTD Return | +24.59%Best | +4.70% |
| 1Y Return | +28.14%Best | +9.15% |
| 3Y Return (annualized) | +15.58%Best | +13.82% |
| 5Y Return (annualized) | +9.90% | - |
| Volatility (annualized) | 13.2% | 9.4%Best |
| Max Drawdown | -16.1% | -12.1%Best |
| $10,000 over 3.8 years | $15,788 | $17,428Best |
| Top 10 Weight | 41.8% | 38.9%Best |
| Fund Family | Charles Schwab Asset Management | Innovator ETFs Trust |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Nov 8, 2022 |
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Nov 9, 2022 to Sep 10, 2026 (3.8 years).
SCHD vs SFLR 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 3.8 years both funds cover.
SCHD vs SFLR Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Innovator Equity Managed Floor ETF (SFLR) is an ETF from Innovator ETFs Trust. Over the past year SCHD returned +28.14% while SFLR returned +9.15%. Year to date, SCHD is up 24.59% versus a gain of 4.70% for SFLR.
Over three years, SCHD compounded at +15.58% per year against +13.82% for SFLR. Across the full 4-year window we track, SFLR has the edge at +15.74% annualized vs +12.77%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 9.4% for SFLR. 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 -16.1% for SCHD and -12.1% for SFLR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while SFLR charges 0.89%. On a $10,000 position that is $6 vs $89 annually, a gap of $83 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.28% for SFLR.
Holdings Overlap
42.9% of SCHD's money is in holdings SFLR also owns. 8.3% of SFLR's money is in holdings SCHD also owns.
The two portfolios partly overlap.
18 positions in common, counted across the 100 positions we hold weights for in SCHD and 183 in SFLR, against full books of 103 and 392.
What only one of them owns
Our book lists 159 positions for SFLR that do not appear in our book for SCHD (88.4% of the fund), and 81 for SCHD that do not appear in SFLR (57.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SFLR | Difference |
|---|---|---|---|
| MRKMerck & Co. Inc. | 4.77% | 0.70% | 4.07% |
| AMGNAmgen Inc. | 4.70% | 0.61% | 4.09% |
| KOCoca Cola Co. | 4.17% | 0.92% | 3.25% |
| CVXChevron Corp. | 4.02% | 0.84% | 3.18% |
| HDHome Depot Inc/The | 3.88% | 0.69% | 3.19% |
| PGProcter & Gamble Company | 3.83% | 0.73% | 3.10% |
| UNHUnitedhealth Group Inc. | 3.82% | 0.68% | 3.14% |
| COPConocophillips Co | 3.94% | 0.49% | 3.45% |
| LMTLockheed Martin Corp | 2.78% | 0.42% | 2.36% |
| UPSUnited Parcel Service, Inc | 1.90% | 0.35% | 1.55% |
42.9% of SCHD is already inside SFLR.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or SFLR?
SCHD has an expense ratio of 0.06% while SFLR charges 0.89%. SCHD is the cheaper option, by $83 a year on a $10,000 investment.
Which performed better, SCHD or SFLR?
Over the past year SCHD returned +28.14% vs +9.15% for SFLR, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), SCHD annualized +12.77% vs +15.74% for SFLR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SFLR?
SCHD has been the more volatile fund at 13.2% annualized versus 9.4% for SFLR. Worst drawdown: SCHD -16.1% vs SFLR -12.1%.
Should I hold both SCHD and SFLR?
SCHD and SFLR have a monthly-return correlation of 0.52, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SCHD and SFLR?
42.9% of SCHD's money is in holdings SFLR also owns. 8.3% of SFLR's is in holdings SCHD also owns. They hold 18 positions in common, counted across the 100 positions we hold weights for in SCHD and 183 in SFLR.
Which pays a higher dividend, SCHD or SFLR?
SCHD yields 3.00% while SFLR yields 0.28%, so SCHD currently pays the higher dividend yield.
Is SFLR better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y and 3Y, SFLR over the full window. SFLR is less concentrated, with 38.9% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.