JMSI vs SCHD
JPMorgan Sustainable Municipal Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. JMSI offers more diversification with 179 holdings.
Side-by-Side Comparison
| Metric | JMSI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.06% | |
| AUM | $385M | $103.7B | |
| Dividend Yield | 3.61% | 3.31% | |
| Holdings | 260 | 104 | |
| YTD Return | +0.36% | +25.62% | |
| 1Y Return | +4.31% | +32.62% | |
| 3Y Return (annualized) | +3.70% | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 4.7% | 13.6% | |
| Max Drawdown | -4.6% | -33.4% | |
| Fund Family | J.P. Morgan Asset Management | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Jul 14, 2023 | Oct 20, 2011 |
JMSI vs SCHD Performance
JPMorgan Sustainable Municipal Income ETF (JMSI) 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 JMSI returned +4.31% while SCHD returned +32.62%. Year to date, JMSI is up 0.36% versus a gain of 25.62% for SCHD.
Over three years, JMSI compounded at +3.70% per year against +15.58% for SCHD. Across the full 3-year window we track, SCHD has the edge at +11.47% annualized vs +3.32%. 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 4.7% for JMSI. 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 -4.6% for JMSI 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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JMSI charges 0.18% per year while SCHD charges 0.06%. On a $10,000 position that is $18 vs $6 annually, a gap of $12 per year that compounds over a long holding period. On income, JMSI currently yields 3.61% against 3.31% for SCHD.
Holdings Overlap
JMSI and SCHD share 0 holdings out of 279 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, JMSI or SCHD?
JMSI has an expense ratio of 0.18% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, JMSI or SCHD?
Over the past year JMSI returned +4.31% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), JMSI annualized +3.32% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, JMSI or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 4.7% for JMSI. Worst drawdown: JMSI -4.6% vs SCHD -33.4%.
Should I hold both JMSI and SCHD?
JMSI and SCHD have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JMSI and SCHD?
JMSI and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 279 unique securities.
Which pays a higher dividend, JMSI or SCHD?
JMSI yields 3.61% while SCHD yields 3.31%, so JMSI currently pays the higher dividend yield.
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