JEPI vs SCHD
JPMorgan Equity Premium Income ETF vs Schwab US Dividend Equity ETF
Which is better, JEPI or SCHD?
SCHD has been ahead.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window.
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 | JEPI | SCHD |
|---|---|---|
| Expense Ratio | 0.35% | 0.06%Best |
| AUM | $46.3B | $112.1B |
| Dividend Yield | 7.99% | 3.00% |
| Holdings | 127 | 103 |
| YTD Return | +4.29% | +25.07%Best |
| 1Y Return | +7.20% | +27.61%Best |
| 3Y Return (annualized) | +9.23% | +15.74%Best |
| 5Y Return (annualized) | +7.25% | +9.89%Best |
| Volatility (annualized) | 9.9%Best | 15.1% |
| Max Drawdown | -13.7%Best | -16.9% |
| $10,000 over 5 years | $14,190 | $16,025Best |
| Fund Family | J.P. Morgan Asset Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 20, 2020 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 21, 2020 to Sep 11, 2026 (6.3 years).
JEPI 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 6.3 years both funds cover.
JEPI vs SCHD Performance
JPMorgan Equity Premium Income ETF (JEPI) 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 JEPI returned +7.20% while SCHD returned +27.61%. Year to date, JEPI is up 4.29% versus a gain of 25.07% for SCHD.
Over three years, JEPI compounded at +9.23% per year against +15.74% for SCHD; over five years the annualized figures are +7.25% and +9.89% respectively. Across the full 6-year window we track, SCHD has the edge at +15.27% annualized vs +9.95%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 9.9% for JEPI. 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 -13.7% for JEPI and -16.9% 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JEPI charges 0.35% per year while SCHD charges 0.06%. On a $10,000 position that is $35 vs $6 annually, a gap of $29 per year that compounds over a long holding period. On income, JEPI currently yields 7.99% against 3.00% for SCHD.
Holdings Overlap
At least 39.2% of SCHD's money is in holdings JEPI also owns.
Stated as a floor: for JEPI, our book for it covers 86.4% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
13 positions in common, counted across the 118 positions we hold weights for in JEPI and 100 in SCHD, against full books of 127 and 103.
Top Shared Holdings
| Stock | Weight in JEPI | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Co. Inc. | 0.50% | 4.77% | 4.27% |
| PEPPepsico Inc. | 1.18% | 3.64% | 2.46% |
| COPConocophillips Co | 0.44% | 3.94% | 3.50% |
| VZVerizon Communications, Inc. | 0.39% | 3.97% | 3.58% |
| PGProcter & Gamble Company | 0.52% | 3.83% | 3.31% |
| BMYBristol-Myers Squibb Co. | 1.00% | 3.33% | 2.33% |
| UNHUnitedhealth Group Inc. | 0.47% | 3.82% | 3.35% |
| TXNTexas Instruments, Inc | 0.49% | 3.13% | 2.64% |
| EOGEog Resources Inc | 1.54% | 1.88% | 0.34% |
| ACNAccenture Plc | 0.56% | 2.84% | 2.28% |
39.2% of SCHD is already inside JEPI.
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, JEPI or SCHD?
JEPI has an expense ratio of 0.35% while SCHD charges 0.06%. SCHD is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, JEPI or SCHD?
Over the past year JEPI returned +7.20% vs +27.61% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), JEPI annualized +9.95% vs +15.27% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JEPI or SCHD?
SCHD has been the more volatile fund at 15.1% annualized versus 9.9% for JEPI. Worst drawdown: JEPI -13.7% vs SCHD -16.9%.
Should I hold both JEPI and SCHD?
JEPI and SCHD have a monthly-return correlation of 0.85, 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 JEPI and SCHD?
At least 39.2% of SCHD's money is in holdings JEPI also owns. Our book for JEPI is partial, so the real figure is this or higher. They hold 13 positions in common, counted across the 118 positions we hold weights for in JEPI and 100 in SCHD.
Which pays a higher dividend, JEPI or SCHD?
JEPI yields 7.99% while SCHD yields 3.00%, so JEPI currently pays the higher dividend yield.
Is SCHD better than JEPI?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.