SCHD vs SPUT
Schwab US Dividend Equity ETF vs Innovator Equity Premium Income - Daily PutWrite ETF
Which is better, SCHD or SPUT?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y 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 | SCHD | SPUT |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.79% |
| AUM | $112.1B | $17M |
| Dividend Yield | 3.00% | 4.90% |
| Holdings | 103 | 1,010 |
| YTD Return | +25.07%Best | +8.27% |
| 1Y Return | +27.61%Best | +12.09% |
| 3Y Return (annualized) | +15.74% | - |
| 5Y Return (annualized) | +9.89% | - |
| Volatility (annualized) | 14.0% | 6.9%Best |
| Max Drawdown | -13.0% | -10.6%Best |
| $10,000 over 1.5 years | $13,052Best | $12,250 |
| Fund Family | Charles Schwab Asset Management | Innovator ETFs Trust |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Mar 14, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 14, 2025 to Sep 11, 2026 (1.5 years).
SCHD vs SPUT 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 1.5 years both funds cover.
SCHD vs SPUT Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Innovator Equity Premium Income - Daily PutWrite ETF (SPUT) is an ETF from Innovator ETFs Trust. Over the past year SCHD returned +27.61% while SPUT returned +12.09%. Year to date, SCHD is up 25.07% versus a gain of 8.27% for SPUT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 14.0% compared with 6.9% for SPUT. 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 -13.0% for SCHD and -10.6% for SPUT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.34. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPUT charges 0.79%. On a $10,000 position that is $6 vs $79 annually, a gap of $73 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 4.90% for SPUT.
Holdings Overlap
At least 93.5% of SCHD's money is in holdings SPUT also owns.
Stated as a floor: for SPUT, our book for it covers 49.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of SCHD is already inside SPUT. Owning both mostly buys the same companies twice.
42 positions in common, counted across the 100 positions we hold weights for in SCHD and 496 in SPUT, against full books of 103 and 1,010.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SPUT | Difference |
|---|---|---|---|
| MRKMerck & Co. Inc. | 4.77% | 0.24% | 4.53% |
| AMGNAmgen Inc. | 4.70% | 0.17% | 4.53% |
| ABTAbbott Laboratories | 4.69% | 0.14% | 4.55% |
| KOCoca Cola Co. | 4.17% | 0.25% | 3.92% |
| CVXChevron Corp. | 4.02% | 0.26% | 3.76% |
| HDHome Depot Inc/The | 3.88% | 0.27% | 3.61% |
| VZVerizon Communications, Inc. | 3.97% | 0.15% | 3.82% |
| UNHUnitedhealth Group Inc. | 3.82% | 0.28% | 3.54% |
| PGProcter & Gamble Company | 3.83% | 0.26% | 3.57% |
| COPConocophillips Co | 3.94% | 0.11% | 3.83% |
93.5% of SCHD is already inside SPUT.
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 SPUT?
SCHD has an expense ratio of 0.06% while SPUT charges 0.79%. SCHD is the cheaper option, by $73 a year on a $10,000 investment.
Which performed better, SCHD or SPUT?
Over the past year SCHD returned +27.61% vs +12.09% for SPUT, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +19.43% vs +14.49% for SPUT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SPUT?
SCHD has been the more volatile fund at 14.0% annualized versus 6.9% for SPUT. Worst drawdown: SCHD -13.0% vs SPUT -10.6%.
Should I hold both SCHD and SPUT?
SCHD and SPUT have a monthly-return correlation of 0.34, 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 SPUT?
At least 93.5% of SCHD's money is in holdings SPUT also owns. Our book for SPUT is partial, so the real figure is this or higher. They hold 42 positions in common, counted across the 100 positions we hold weights for in SCHD and 496 in SPUT.
Which pays a higher dividend, SCHD or SPUT?
SCHD yields 3.00% while SPUT yields 4.90%, so SPUT currently pays the higher dividend yield.
Is SPUT better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.