HEQQ vs SCHD
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF vs Schwab US Dividend Equity ETF
Which is better, HEQQ or SCHD?
Large Cap Growth against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 53.5%.
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 | HEQQ | SCHD |
|---|---|---|
| Expense Ratio | 0.50% | 0.06%Best |
| AUM | $30M | $112.2B |
| Dividend Yield | 0.22% | 3.13% |
| Holdings | 108 | 103 |
| YTD Return | +5.12% | +27.56%Best |
| 1Y Return | +10.28% | +30.29%Best |
| 3Y Return (annualized) | - | +16.37% |
| 5Y Return (annualized) | - | +10.23% |
| Volatility (annualized) | 8.4%Best | 13.7% |
| Max Drawdown | -7.6%Best | -13.0% |
| $10,000 over 1.4 years | $12,261 | $13,030Best |
| Top 10 Weight | 53.5% | 41.5%Best |
| Fund Family | J.P. Morgan Asset Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Mar 26, 2025 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: Mar 27, 2025 to Sep 4, 2026 (1.4 years).
HEQQ vs SCHD 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 1.4 years both funds cover.
HEQQ vs SCHD Performance
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) is an ETF from J.P. Morgan Asset Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year HEQQ returned +10.28% while SCHD returned +30.29%. Year to date, HEQQ is up 5.12% versus a gain of 27.56% for SCHD.
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 8.4% for HEQQ. 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 -7.6% for HEQQ and -13.0% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.05. They move largely independently of each other.
Fees and Cost Over Time
HEQQ charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, HEQQ currently yields 0.22% against 3.13% for SCHD.
Holdings Overlap
1.6% of HEQQ's money is in holdings SCHD also owns. 21.9% of SCHD's money is in holdings HEQQ also owns.
SCHD and HEQQ share little of their money.
6 positions in common, counted across the 98 positions we hold weights for in HEQQ and 100 in SCHD, against full books of 108 and 103.
What only one of them owns
Our book lists 93 positions for SCHD that do not appear in our book for HEQQ (78.0% of the fund), and 87 for HEQQ that do not appear in SCHD (95.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
21.9% of SCHD is already inside HEQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HEQQ or SCHD?
HEQQ has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, HEQQ or SCHD?
Over the past year HEQQ returned +10.28% vs +30.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), HEQQ annualized +15.67% vs +20.81% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HEQQ or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 8.4% for HEQQ. Worst drawdown: HEQQ -7.6% vs SCHD -13.0%.
Should I hold both HEQQ and SCHD?
HEQQ and SCHD have a monthly-return correlation of 0.05, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between HEQQ and SCHD?
21.9% of SCHD's money is in holdings HEQQ also owns. 21.9% of SCHD's is in holdings HEQQ also owns. They hold 6 positions in common, counted across the 98 positions we hold weights for in HEQQ and 100 in SCHD.
Which pays a higher dividend, HEQQ or SCHD?
HEQQ yields 0.22% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than HEQQ?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 53.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.