JHPI vs SCHD
John Hancock Preferred Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. JHPI offers more diversification with 207 holdings.
Side-by-Side Comparison
| Metric | JHPI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.54% | 0.06% | |
| AUM | $218M | $108.7B | |
| Dividend Yield | 5.92% | 3.13% | |
| Holdings | 207 | 104 | |
| YTD Return | +1.50% | +26.54% | |
| 1Y Return | +4.58% | +30.90% | |
| 3Y Return (annualized) | +8.72% | +16.29% | |
| 5Y Return (annualized) | - | +9.65% | |
| Volatility (annualized) | 8.3% | 13.6% | |
| Max Drawdown | -13.4% | -33.4% | |
| Fund Family | John Hancock Investment Management | Charles Schwab Asset Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Dec 14, 2021 | Oct 20, 2011 |
JHPI vs SCHD Performance
John Hancock Preferred Income ETF (JHPI) is a ETF from John Hancock Investment Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year JHPI returned +4.58% while SCHD returned +30.90%. Year to date, JHPI is up 1.50% versus a gain of 26.54% for SCHD.
Over three years, JHPI compounded at +8.72% per year against +16.29% for SCHD. Across the full 5-year window we track, SCHD has the edge at +11.51% annualized vs +3.63%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 8.3% for JHPI. 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 -13.4% for JHPI 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JHPI charges 0.54% per year while SCHD charges 0.06%. On a $10,000 position that is $54 vs $6 annually, a gap of $48 per year that compounds over a long holding period. On income, JHPI currently yields 5.92% against 3.13% for SCHD.
Holdings Overlap
JHPI and SCHD share 1 holdings out of 266 unique holdings combined, representing a 0.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in JHPI | Weight in SCHD | Difference |
|---|---|---|---|
| FITB | 0.65% | 1.30% | 0.65% |
Frequently Asked Questions
Which is cheaper, JHPI or SCHD?
JHPI has an expense ratio of 0.54% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $48 per year of difference.
Which performed better, JHPI or SCHD?
Over the past year JHPI returned +4.58% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), JHPI annualized +3.63% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, JHPI or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 8.3% for JHPI. Worst drawdown: JHPI -13.4% vs SCHD -33.4%.
Should I hold both JHPI and SCHD?
JHPI and SCHD have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JHPI and SCHD?
JHPI and SCHD share 1 common holdings with a 0.7% weight overlap. Combined, they hold 266 unique securities.
Which pays a higher dividend, JHPI or SCHD?
JHPI yields 5.92% while SCHD yields 3.13%, so JHPI currently pays the higher dividend yield.
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