SCHD vs UDEC
Schwab US Dividend Equity ETF vs Innovator US Equity Ultra Buffer ETF - December
Which is better, SCHD or UDEC?
Large Cap Value against Option Writing.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y 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 | UDEC |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.79% |
| AUM | $112.1B | $246M |
| Dividend Yield | 3.00% | 0.00% |
| Holdings | 103 | 12 |
| YTD Return | +23.46%Best | +7.60% |
| 1Y Return | +27.20%Best | +11.97% |
| 3Y Return (annualized) | +15.41%Best | +12.12% |
| 5Y Return (annualized) | +10.16%Best | +7.64% |
| Volatility (annualized) | 13.7% | 7.4%Best |
| Max Drawdown | -33.4% | -13.4%Best |
| $10,000 over 5 years | $16,223Best | $14,450 |
| Fund Family | Charles Schwab Asset Management | Innovator ETFs Trust |
| Category | Equity | Alternative |
| Style | Large Cap Value | Option Writing |
| Inception | Oct 20, 2011 | Dec 1, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 18, 2026 (14.9 years).
SCHD vs UDEC 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 14.9 years both funds cover.
SCHD vs UDEC Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Innovator US Equity Ultra Buffer ETF - December (UDEC) is an ETF from Innovator ETFs Trust. Over the past year SCHD returned +27.20% while UDEC returned +11.97%. Year to date, SCHD is up 23.46% versus a gain of 7.60% for UDEC.
Over three years, SCHD compounded at +15.41% per year against +12.12% for UDEC; over five years the annualized figures are +10.16% and +7.64% respectively. Across the full 7-year window we track, SCHD has the edge at +11.25% annualized vs +7.36%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 7.4% for UDEC. 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 -13.4% for UDEC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.18. They move largely independently of each other.
Fees and Cost Over Time
SCHD charges 0.06% per year while UDEC 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 0.00% for UDEC.
You are not choosing between two funds in isolation.
Whichever of SCHD and UDEC you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or UDEC?
SCHD has an expense ratio of 0.06% while UDEC charges 0.79%. SCHD is the cheaper option, by $73 a year on a $10,000 investment.
Which performed better, SCHD or UDEC?
Over the past year SCHD returned +27.20% vs +11.97% for UDEC, so SCHD leads on 1-year performance. Over the longest common window we track (7 years), SCHD annualized +11.25% vs +7.36% for UDEC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or UDEC?
SCHD has been the more volatile fund at 13.7% annualized versus 7.4% for UDEC. Worst drawdown: SCHD -33.4% vs UDEC -13.4%.
Should I hold both SCHD and UDEC?
SCHD and UDEC have a monthly-return correlation of 0.18, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SCHD or UDEC?
SCHD yields 3.00% while UDEC yields 0.00%, so SCHD currently pays the higher dividend yield.
Is UDEC better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.