JMHI vs SCHD
JPMorgan High Yield Municipal ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. JMHI offers more diversification with 236 holdings.
Side-by-Side Comparison
| Metric | JMHI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.06% | |
| AUM | $293M | $108.7B | |
| Dividend Yield | 4.56% | 3.13% | |
| Holdings | 236 | 104 | |
| YTD Return | +0.91% | +28.70% | |
| 1Y Return | +5.25% | +32.27% | |
| 3Y Return (annualized) | +5.39% | +17.27% | |
| 5Y Return (annualized) | - | +10.23% | |
| Volatility (annualized) | 5.7% | 13.7% | |
| Max Drawdown | -7.1% | -33.4% | |
| Fund Family | J.P. Morgan Asset Management | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Jul 14, 2023 | Oct 20, 2011 |
JMHI vs SCHD Performance
JPMorgan High Yield Municipal ETF (JMHI) is a ETF from J.P. Morgan Asset Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year JMHI returned +5.25% while SCHD returned +32.27%. Year to date, JMHI is up 0.91% versus a gain of 28.70% for SCHD.
Over three years, JMHI compounded at +5.39% per year against +17.27% for SCHD. Across the full 3-year window we track, SCHD has the edge at +11.63% annualized vs +4.17%. 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 5.7% for JMHI. 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 -7.1% for JMHI 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 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JMHI 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, JMHI currently yields 4.56% against 3.13% for SCHD.
Holdings Overlap
JMHI and SCHD share 0 holdings out of 128 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JMHI or SCHD?
JMHI has an expense ratio of 0.35% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, JMHI or SCHD?
Over the past year JMHI returned +5.25% vs +32.27% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), JMHI annualized +4.17% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, JMHI or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 5.7% for JMHI. Worst drawdown: JMHI -7.1% vs SCHD -33.4%.
Should I hold both JMHI and SCHD?
JMHI and SCHD have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JMHI and SCHD?
JMHI and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 128 unique securities.
Which pays a higher dividend, JMHI or SCHD?
JMHI yields 4.56% while SCHD yields 3.13%, so JMHI currently pays the higher dividend yield.
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