JPC vs SCHD
Nuveen Preferred & Income Opportunities Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. JPC offers more diversification with 260 holdings.
Side-by-Side Comparison
| Metric | JPC | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 2.14% | 0.06% | |
| AUM | - | $108.7B | |
| Dividend Yield | 9.90% | 3.13% | |
| Holdings | 260 | 104 | |
| YTD Return | +0.98% | +26.54% | |
| 1Y Return | +5.02% | +30.90% | |
| 3Y Return (annualized) | +16.47% | +16.29% | |
| 5Y Return (annualized) | +3.56% | +9.65% | |
| Volatility (annualized) | 18.2% | 13.6% | |
| Max Drawdown | -82.5% | -33.4% | |
| Fund Family | Nuveen | Charles Schwab Asset Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Mar 26, 2003 | Oct 20, 2011 |
JPC vs SCHD Performance
Nuveen Preferred & Income Opportunities Fund (JPC) is a ETF from Nuveen and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year JPC returned +5.02% while SCHD returned +30.90%. Year to date, JPC is up 0.98% versus a gain of 26.54% for SCHD.
Over three years, JPC compounded at +16.47% per year against +16.29% for SCHD; over five years the annualized figures are +3.56% and +9.65% respectively. Across the full 15-year window we track, SCHD has the edge at +11.51% annualized vs -0.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JPC has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 13.6% 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 -82.5% for JPC 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JPC charges 2.14% per year while SCHD charges 0.06%. On a $10,000 position that is $214 vs $6 annually, a gap of $208 per year that compounds over a long holding period. On income, JPC currently yields 9.90% against 3.13% for SCHD.
Holdings Overlap
JPC and SCHD share 0 holdings out of 314 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, JPC or SCHD?
JPC has an expense ratio of 2.14% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $208 per year of difference.
Which performed better, JPC or SCHD?
Over the past year JPC returned +5.02% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), JPC annualized -0.82% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, JPC or SCHD?
JPC has been the more volatile fund at 18.2% annualized versus 13.6% for SCHD. Worst drawdown: JPC -82.5% vs SCHD -33.4%.
Should I hold both JPC and SCHD?
JPC and SCHD have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JPC and SCHD?
JPC and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 314 unique securities.
Which pays a higher dividend, JPC or SCHD?
JPC yields 9.90% while SCHD yields 3.13%, so JPC currently pays the higher dividend yield.
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