SCHD vs ZMAR
Schwab US Dividend Equity ETF vs Innovator Equity Defined Protection ETF - 1 Yr March
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 | ZMAR | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.79% | |
| AUM | $103.7B | $114M | |
| Dividend Yield | 3.31% | 0.00% | |
| Holdings | 104 | 7 | |
| YTD Return | +25.58% | +3.52% | |
| 1Y Return | +31.06% | +6.25% | |
| 3Y Return (annualized) | +15.55% | - | |
| 5Y Return (annualized) | +9.61% | - | |
| Volatility (annualized) | 13.6% | 1.8% | |
| Max Drawdown | -33.4% | -2.3% | |
| Fund Family | Charles Schwab Asset Management | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Mar 3, 2025 |
SCHD vs ZMAR Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Innovator Equity Defined Protection ETF - 1 Yr March (ZMAR) is a ETF from Innovator ETFs Trust. Over the past year SCHD returned +31.06% while ZMAR returned +6.25%. Year to date, SCHD is up 25.58% versus a gain of 3.52% for ZMAR.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 1.8% for ZMAR. 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 -2.3% for ZMAR. 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 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while ZMAR 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 ZMAR.
Holdings Overlap
SCHD and ZMAR share 0 holdings out of 101 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or ZMAR?
SCHD has an expense ratio of 0.06% while ZMAR 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 ZMAR?
Over the past year SCHD returned +31.06% vs +6.25% for ZMAR, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), SCHD annualized +11.46% vs +6.69% for ZMAR. Past performance does not guarantee future results.
Which is riskier, SCHD or ZMAR?
SCHD has been the more volatile fund at 13.6% annualized versus 1.8% for ZMAR. Worst drawdown: SCHD -33.4% vs ZMAR -2.3%.
Should I hold both SCHD and ZMAR?
SCHD and ZMAR have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and ZMAR?
SCHD and ZMAR share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, SCHD or ZMAR?
SCHD yields 3.31% while ZMAR yields 0.00%, so SCHD currently pays the higher dividend yield.
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