JNK vs SCHD
State Street SPDR Bloomberg High Yield Bond ETF vs Schwab US Dividend Equity ETF
Which is better, JNK or SCHD?
High Yield Bond against Large Cap Value.
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 | JNK | SCHD |
|---|---|---|
| Expense Ratio | 0.40% | 0.06%Best |
| AUM | $6.6B | $108.9B |
| Dividend Yield | 6.61% | 3.00% |
| Holdings | 1,182 | 206 |
| YTD Return | -0.13% | +20.89%Best |
| 1Y Return | +1.12% | +23.87%Best |
| 3Y Return (annualized) | +8.24% | +16.42%Best |
| 5Y Return (annualized) | +2.99% | +9.40%Best |
| Volatility (annualized) | 7.4%Best | 13.7% |
| Max Drawdown | -32.8%Best | -33.4% |
| $10,000 over 5 years | $11,587 | $15,671Best |
| Fund Family | State Street Investment Management | Charles Schwab Asset Management |
| Category | Fixed Income | Equity |
| Style | High Yield Bond | Large Cap Value |
| Inception | Nov 28, 2007 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Oct 2, 2026 (15 years).
JNK 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
JNK vs SCHD Performance
State Street SPDR Bloomberg High Yield Bond ETF (JNK) is an ETF from State Street Investment Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year JNK returned +1.12% while SCHD returned +23.87%. Year to date, JNK is down 0.13% versus a gain of 20.89% for SCHD.
Over three years, JNK compounded at +8.24% per year against +16.42% for SCHD; over five years the annualized figures are +2.99% and +9.40% respectively. Across the full 15-year window we track, SCHD has the edge at +11.07% annualized vs +0.88%.
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 7.4% for JNK. 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 -32.8% for JNK and -33.4% 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JNK charges 0.40% per year while SCHD charges 0.06%. On a $10,000 position that is $40 vs $6 annually, a gap of $34 per year that compounds over a long holding period. On income, JNK currently yields 6.61% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 815 holdings in JNK and 99 in SCHD, totalling 63.2% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 815 positions we hold weights for in JNK and 99 in SCHD, against full books of 1,182 and 206.
You are not choosing between two funds in isolation.
Whichever of JNK 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, JNK or SCHD?
JNK has an expense ratio of 0.40% while SCHD charges 0.06%. SCHD is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, JNK or SCHD?
Over the past year JNK returned +1.12% vs +23.87% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), JNK annualized +0.88% vs +11.07% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JNK or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 7.4% for JNK. Worst drawdown: JNK -32.8% vs SCHD -33.4%.
Should I hold both JNK and SCHD?
JNK and SCHD have a monthly-return correlation of 0.70, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, JNK or SCHD?
JNK yields 6.61% while SCHD yields 3.00%, so JNK currently pays the higher dividend yield.
Is SCHD better than JNK?
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.