SCHD vs TOCT
Schwab US Dividend Equity ETF vs Innovator Equity Defined Protection ETF - 2 Yr to October 2027
Quick Verdict
SCHD has a lower expense ratio. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | TOCT | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.79% | |
| AUM | $103.7B | $16M | |
| Dividend Yield | 3.31% | 0.00% | |
| Holdings | 104 | 5 | |
| YTD Return | +24.26% | +2.98% | |
| 1Y Return | +31.38% | - | |
| 3Y Return (annualized) | +15.08% | - | |
| 5Y Return (annualized) | +9.72% | - | |
| Volatility (annualized) | 13.6% | - | |
| Max Drawdown | -33.4% | -2.0% | |
| Fund Family | Charles Schwab Asset Management | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Oct 1, 2025 |
SCHD vs TOCT Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Innovator Equity Defined Protection ETF - 2 Yr to October 2027 (TOCT) is a ETF from Innovator ETFs Trust. Year to date, SCHD is up 24.26% versus a gain of 2.98% for TOCT.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -33.4% for SCHD and -2.0% for TOCT. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SCHD charges 0.06% per year while TOCT 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 TOCT.
Frequently Asked Questions
Which is cheaper, SCHD or TOCT?
SCHD has an expense ratio of 0.06% while TOCT charges 0.79%. SCHD is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which pays a higher dividend, SCHD or TOCT?
SCHD yields 3.31% while TOCT yields 0.00%, so SCHD currently pays the higher dividend yield.
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