JOYT vs SCHD
JPMorgan Equity and Options Total Return ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. JOYT offers more diversification with 113 holdings.
Side-by-Side Comparison
| Metric | JOYT | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.06% | |
| AUM | $95M | $103.7B | |
| Dividend Yield | 0.03% | 3.31% | |
| Holdings | 117 | 104 | |
| YTD Return | +8.79% | +25.33% | |
| 1Y Return | +19.43% | +32.31% | |
| 3Y Return (annualized) | - | +15.40% | |
| 5Y Return (annualized) | - | +9.70% | |
| Volatility (annualized) | 7.4% | 13.6% | |
| Max Drawdown | -7.0% | -33.4% | |
| Fund Family | J.P. Morgan Asset Management | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Aug 18, 2025 | Oct 20, 2011 |
JOYT vs SCHD Performance
JPMorgan Equity and Options Total Return ETF (JOYT) 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 JOYT returned +19.43% while SCHD returned +32.31%. Year to date, JOYT is up 8.79% versus a gain of 25.33% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 7.4% for JOYT. 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 -7.0% for JOYT 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 0.33. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JOYT 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, JOYT currently yields 0.03% against 3.31% for SCHD.
Holdings Overlap
JOYT and SCHD share 10 holdings out of 203 unique holdings combined, representing a 5.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JOYT or SCHD?
JOYT 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, JOYT or SCHD?
Over the past year JOYT returned +19.43% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, JOYT or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 7.4% for JOYT. Worst drawdown: JOYT -7.0% vs SCHD -33.4%.
Should I hold both JOYT and SCHD?
JOYT and SCHD have a monthly-return correlation of 0.33, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JOYT and SCHD?
JOYT and SCHD share 10 common holdings with a 5.7% weight overlap. Combined, they hold 203 unique securities.
Which pays a higher dividend, JOYT or SCHD?
JOYT yields 0.03% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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