JMEE vs SCHD
JPMorgan Small & Mid Cap Enhanced Equity ETF vs Schwab US Dividend Equity ETF
Which is better, JMEE or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. JMEE led over 3Y and the full window, SCHD over 1Y. JMEE is less concentrated, with 9.6% of the fund in its ten largest positions against 41.8%.
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 | JMEE | SCHD |
|---|---|---|
| Expense Ratio | 0.24% | 0.06%Best |
| AUM | $2.9B | $112.1B |
| Dividend Yield | 0.95% | 3.00% |
| Holdings | 655 | 103 |
| YTD Return | +14.15% | +21.99%Best |
| 1Y Return | +17.98% | +25.92%Best |
| 3Y Return (annualized) | +16.61%Best | +15.66% |
| 5Y Return (annualized) | - | +9.48% |
| Volatility (annualized) | 18.9% | 15.2%Best |
| Max Drawdown | -25.4% | -16.1%Best |
| $10,000 over 4.4 years | $16,995Best | $15,393 |
| Top 10 Weight | 9.6%Best | 41.8% |
| Fund Family | J.P. Morgan Asset Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 6, 2022 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: May 9, 2022 to Sep 23, 2026 (4.4 years).
JMEE 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 4.4 years both funds cover.
JMEE vs SCHD Performance
JPMorgan Small & Mid Cap Enhanced Equity ETF (JMEE) 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 JMEE returned +17.98% while SCHD returned +25.92%. Year to date, JMEE is up 14.15% versus a gain of 21.99% for SCHD.
Over three years, JMEE compounded at +16.61% per year against +15.66% for SCHD. Across the full 4-year window we track, JMEE has the edge at +12.81% annualized vs +10.30%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JMEE has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 15.2% for SCHD. 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 -25.4% for JMEE and -16.1% 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JMEE charges 0.24% per year while SCHD charges 0.06%. On a $10,000 position that is $24 vs $6 annually, a gap of $18 per year that compounds over a long holding period. On income, JMEE currently yields 0.95% against 3.00% for SCHD.
Holdings Overlap
3.4% of JMEE's money is in holdings SCHD also owns. 3.8% of SCHD's money is in holdings JMEE also owns.
SCHD and JMEE share little of their money.
31 positions in common, counted across the 646 positions we hold weights for in JMEE and 100 in SCHD, against full books of 655 and 103.
What only one of them owns
Our book lists 69 positions for SCHD that do not appear in our book for JMEE (96.2% of the fund), and 591 for JMEE that do not appear in SCHD (90.4%).
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
| Stock | Weight in JMEE | Weight in SCHD | Difference |
|---|---|---|---|
| DINOHF Sinclair Corp | 0.39% | 0.38% | 0.01% |
| EWBCEast West Bancorp, Inc. | 0.31% | 0.42% | 0.11% |
| FNFFidelity Nationa | 0.26% | 0.29% | 0.03% |
| BAHBooz Allen Hamilton Holding Corp. | 0.20% | 0.22% | 0.02% |
| AFGAmerican Financial Group Inc/Oh | 0.18% | 0.24% | 0.06% |
| ALVAllianz Ag | 0.14% | 0.20% | 0.06% |
| MMacy'S Inc. | 0.17% | 0.14% | 0.03% |
| WSOWatsco Inc | 0.05% | 0.26% | 0.21% |
| OZKBank Ozk | 0.18% | 0.12% | 0.06% |
| FHIFederated Investors Inc. | 0.14% | 0.11% | 0.03% |
You are not choosing between two funds in isolation.
Whichever of JMEE and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JMEE or SCHD?
JMEE has an expense ratio of 0.24% while SCHD charges 0.06%. SCHD is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, JMEE or SCHD?
Over the past year JMEE returned +17.98% vs +25.92% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), JMEE annualized +12.81% vs +10.30% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JMEE or SCHD?
JMEE has been the more volatile fund at 18.9% annualized versus 15.2% for SCHD. Worst drawdown: JMEE -25.4% vs SCHD -16.1%.
Should I hold both JMEE and SCHD?
JMEE and SCHD have a monthly-return correlation of 0.81, 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 JMEE and SCHD?
3.8% of SCHD's money is in holdings JMEE also owns. 3.8% of SCHD's is in holdings JMEE also owns. They hold 31 positions in common, counted across the 646 positions we hold weights for in JMEE and 100 in SCHD.
Which pays a higher dividend, JMEE or SCHD?
JMEE yields 0.95% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than JMEE?
SCHD has a lower expense ratio. JMEE led over 3Y and the full window, SCHD over 1Y. JMEE is less concentrated, with 9.6% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.