SCHD vs SPUT
SCHD vs SPUT
Schwab US Dividend Equity ETF vs Innovator Equity Premium Income - Daily PutWrite ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SPUT offers more diversification with 497 holdings.
Side-by-Side Comparison
| Metric | SCHD | SPUT | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.79% | |
| AUM | $103.7B | $17M | |
| Dividend Yield | 3.31% | 5.14% | |
| Holdings | 104 | 503 | |
| YTD Return | +23.31% | +8.11% | |
| 1Y Return | +30.42% | +15.21% | |
| 3Y Return (annualized) | +14.66% | - | |
| 5Y Return (annualized) | +9.59% | - | |
| Volatility (annualized) | 13.6% | 7.0% | |
| Max Drawdown | -33.4% | -10.6% | |
| Fund Family | Charles Schwab Asset Management | Innovator ETFs Trust | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Mar 14, 2025 |
SCHD vs SPUT Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Innovator Equity Premium Income - Daily PutWrite ETF (SPUT) is a ETF from Innovator ETFs Trust. Over the past year SCHD returned +30.42% while SPUT returned +15.21%. Year to date, SCHD is up 23.31% versus a gain of 8.11% for SPUT.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 7.0% for SPUT. 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 -10.6% for SPUT. 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 0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPUT 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 5.14% for SPUT.
Holdings Overlap
SCHD and SPUT share 43 holdings out of 554 unique holdings combined, representing a 4.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SPUT | Difference |
|---|---|---|---|
| UNH | 4.54% | 0.21% | 4.33% |
| ABT | 4.49% | 0.15% | 4.34% |
| MRK | 4.32% | 0.26% | 4.06% |
| HD | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
See all 10 holdings SCHD shares with SPUT 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, SCHD or SPUT?
SCHD has an expense ratio of 0.06% while SPUT 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 SPUT?
Over the past year SCHD returned +30.42% vs +15.21% for SPUT, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), SCHD annualized +11.34% vs +15.49% for SPUT. Past performance does not guarantee future results.
Which is riskier, SCHD or SPUT?
SCHD has been the more volatile fund at 13.6% annualized versus 7.0% for SPUT. Worst drawdown: SCHD -33.4% vs SPUT -10.6%.
Should I hold both SCHD and SPUT?
SCHD and SPUT have a monthly-return correlation of 0.31, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPUT?
SCHD and SPUT share 43 common holdings with a 4.1% weight overlap. Combined, they hold 554 unique securities.
Which pays a higher dividend, SCHD or SPUT?
SCHD yields 3.31% while SPUT yields 5.14%, so SPUT currently pays the higher dividend yield.
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