SCHD vs TJAN
Schwab US Dividend Equity ETF vs Innovator Equity Defined Protection ETF - 2 Yr to January 2027
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | TJAN | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.79% | |
| AUM | $103.7B | $33M | |
| Dividend Yield | 3.31% | 0.00% | |
| Holdings | 104 | 5 | |
| YTD Return | +25.62% | +4.04% | |
| 1Y Return | +32.62% | +6.85% | |
| 3Y Return (annualized) | +15.58% | - | |
| 5Y Return (annualized) | +9.63% | - | |
| Volatility (annualized) | 13.6% | 3.4% | |
| Max Drawdown | -33.4% | -4.8% | |
| Fund Family | Charles Schwab Asset Management | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Dec 31, 2024 |
SCHD vs TJAN Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Innovator Equity Defined Protection ETF - 2 Yr to January 2027 (TJAN) is a ETF from Innovator ETFs Trust. Over the past year SCHD returned +32.62% while TJAN returned +6.85%. Year to date, SCHD is up 25.62% versus a gain of 4.04% for TJAN.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 3.4% for TJAN. 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 -33.4% for SCHD and -4.8% for TJAN. 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 0.25. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while TJAN 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 3.31% against 0.00% for TJAN.
Frequently Asked Questions
Which is cheaper, SCHD or TJAN?
SCHD has an expense ratio of 0.06% while TJAN charges 0.79%. SCHD is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, SCHD or TJAN?
Over the past year SCHD returned +32.62% vs +6.85% for TJAN, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +11.47% vs +7.18% for TJAN. Past performance does not guarantee future results.
Which is riskier, SCHD or TJAN?
SCHD has been the more volatile fund at 13.6% annualized versus 3.4% for TJAN. Worst drawdown: SCHD -33.4% vs TJAN -4.8%.
Should I hold both SCHD and TJAN?
SCHD and TJAN have a monthly-return correlation of 0.25, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, SCHD or TJAN?
SCHD yields 3.31% while TJAN yields 0.00%, so SCHD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.