INRO vs SCHD
INRO vs SCHD
iShares US Industry Rotation Active ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. INRO offers more diversification with 293 holdings.
Side-by-Side Comparison
| Metric | INRO | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.42% | 0.06% | |
| AUM | $34M | $103.7B | |
| Dividend Yield | 0.59% | 3.31% | |
| Holdings | 375 | 104 | |
| YTD Return | +15.09% | +23.31% | |
| 1Y Return | +25.71% | +30.42% | |
| 3Y Return (annualized) | - | +14.66% | |
| 5Y Return (annualized) | - | +9.59% | |
| Volatility (annualized) | 13.4% | 13.6% | |
| Max Drawdown | -20.0% | -33.4% | |
| Fund Family | BlackRock, Inc. (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Mar 26, 2024 | Oct 20, 2011 |
INRO vs SCHD Performance
iShares US Industry Rotation Active ETF (INRO) is a ETF from BlackRock, Inc. (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year INRO returned +25.71% while SCHD returned +30.42%. Year to date, INRO is up 15.09% versus a gain of 23.31% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 13.4% for INRO. 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 -20.0% for INRO and -33.4% for SCHD. 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
INRO charges 0.42% per year while SCHD charges 0.06%. On a $10,000 position that is $42 vs $6 annually, a gap of $36 per year that compounds over a long holding period. On income, INRO currently yields 0.59% against 3.31% for SCHD.
Holdings Overlap
INRO and SCHD share 20 holdings out of 373 unique holdings combined, representing a 8.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in INRO | Weight in SCHD | Difference |
|---|---|---|---|
| PG | 1.34% | 4.15% | 2.81% |
| UNH | 0.71% | 4.54% | 3.83% |
| AMGN | 0.63% | 4.25% | 3.62% |
| ABT | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| MRK | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
See all 10 holdings INRO shares with SCHD Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, INRO or SCHD?
INRO has an expense ratio of 0.42% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, INRO or SCHD?
Over the past year INRO returned +25.71% vs +30.42% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), INRO annualized +18.58% vs +11.34% for SCHD. Past performance does not guarantee future results.
Which is riskier, INRO or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 13.4% for INRO. Worst drawdown: INRO -20.0% vs SCHD -33.4%.
Should I hold both INRO and SCHD?
INRO and SCHD have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between INRO and SCHD?
INRO and SCHD share 20 common holdings with a 8.6% weight overlap. Combined, they hold 373 unique securities.
Which pays a higher dividend, INRO or SCHD?
INRO yields 0.59% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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