UOCT vs. SCHD
Compare and contrast key facts about Innovator U.S. Equity Ultra Buffer ETF October (UOCT) and Schwab U.S. Dividend Equity ETF (SCHD).
UOCT and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UOCT is a passively managed fund by Innovator that tracks the performance of the S&P 500 Index. It was launched on Sep 28, 2018. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both UOCT and SCHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UOCT vs. SCHD - Performance Comparison
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UOCT vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UOCT Innovator U.S. Equity Ultra Buffer ETF October | -1.41% | 10.67% | 8.98% | 18.66% | -4.33% | 5.83% | 8.00% | 10.89% | -6.19% |
SCHD Schwab U.S. Dividend Equity ETF | 12.17% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -10.90% |
Returns By Period
In the year-to-date period, UOCT achieves a -1.41% return, which is significantly lower than SCHD's 12.17% return.
UOCT
- 1D
- 0.66%
- 1M
- -2.13%
- YTD
- -1.41%
- 6M
- -0.01%
- 1Y
- 11.18%
- 3Y*
- 10.51%
- 5Y*
- 7.09%
- 10Y*
- —
SCHD
- 1D
- -0.55%
- 1M
- -3.43%
- YTD
- 12.17%
- 6M
- 12.91%
- 1Y
- 13.70%
- 3Y*
- 11.84%
- 5Y*
- 8.32%
- 10Y*
- 12.25%
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UOCT vs. SCHD - Expense Ratio Comparison
UOCT has a 0.79% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Return for Risk
UOCT vs. SCHD — Risk / Return Rank
UOCT
SCHD
UOCT vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF October (UOCT) and Schwab U.S. Dividend Equity ETF (SCHD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| UOCT | SCHD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 0.88 | +0.42 |
Sortino ratioReturn per unit of downside risk | 1.90 | 1.32 | +0.58 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.19 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.01 | 1.05 | +0.96 |
Martin ratioReturn relative to average drawdown | 9.49 | 3.55 | +5.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UOCT | SCHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 0.88 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | 0.58 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.84 | +0.01 |
Correlation
The correlation between UOCT and SCHD is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
UOCT vs. SCHD - Dividend Comparison
UOCT has not paid dividends to shareholders, while SCHD's dividend yield for the trailing twelve months is around 3.46%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UOCT Innovator U.S. Equity Ultra Buffer ETF October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.33% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHD Schwab U.S. Dividend Equity ETF | 3.46% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
Drawdowns
UOCT vs. SCHD - Drawdown Comparison
The maximum UOCT drawdown since its inception was -13.68%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for UOCT and SCHD.
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Drawdown Indicators
| UOCT | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.68% | -33.37% | +19.69% |
Max Drawdown (1Y)Largest decline over 1 year | -5.68% | -12.74% | +7.06% |
Max Drawdown (5Y)Largest decline over 5 years | -9.21% | -16.85% | +7.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.37% | — |
Current DrawdownCurrent decline from peak | -2.43% | -3.43% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -3.34% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 3.75% | -2.55% |
Volatility
UOCT vs. SCHD - Volatility Comparison
Innovator U.S. Equity Ultra Buffer ETF October (UOCT) has a higher volatility of 2.70% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.33%. This indicates that UOCT's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UOCT | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 2.33% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.57% | 7.96% | -3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.64% | 15.69% | -7.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.65% | 14.40% | -7.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.71% | 16.70% | -8.99% |