JPO vs SCHD
YieldMax JP Option Income Strategy ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | JPO | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.19% | 0.06% | |
| AUM | $52M | $108.7B | |
| Dividend Yield | 31.09% | 3.13% | |
| Holdings | 19 | 104 | |
| YTD Return | +6.07% | +27.67% | |
| 1Y Return | +16.36% | +31.26% | |
| 3Y Return (annualized) | +16.62% | +16.66% | |
| 5Y Return (annualized) | - | +10.18% | |
| Volatility (annualized) | 15.7% | 13.6% | |
| Max Drawdown | -24.8% | -33.4% | |
| Fund Family | YieldMax ETF | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Sep 11, 2023 | Oct 20, 2011 |
JPO vs SCHD Performance
YieldMax JP Option Income Strategy ETF (JPO) is a ETF from YieldMax ETF and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year JPO returned +16.36% while SCHD returned +31.26%. Year to date, JPO is up 6.07% versus a gain of 27.67% for SCHD.
Over three years, JPO compounded at +16.62% per year against +16.66% for SCHD. Across the full 3-year window we track, JPO has the edge at +16.62% annualized vs +11.57%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JPO has been the more volatile fund, with annualized monthly volatility of 15.7% 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 -24.8% for JPO 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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JPO charges 1.19% per year while SCHD charges 0.06%. On a $10,000 position that is $119 vs $6 annually, a gap of $113 per year that compounds over a long holding period. On income, JPO currently yields 31.09% against 3.13% for SCHD.
Holdings Overlap
JPO and SCHD share 0 holdings out of 103 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, JPO or SCHD?
JPO has an expense ratio of 1.19% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $113 per year of difference.
Which performed better, JPO or SCHD?
Over the past year JPO returned +16.36% vs +31.26% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), JPO annualized +16.62% vs +11.57% for SCHD. Past performance does not guarantee future results.
Which is riskier, JPO or SCHD?
JPO has been the more volatile fund at 15.7% annualized versus 13.6% for SCHD. Worst drawdown: JPO -24.8% vs SCHD -33.4%.
Should I hold both JPO and SCHD?
JPO and SCHD have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JPO and SCHD?
JPO and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, JPO or SCHD?
JPO yields 31.09% while SCHD yields 3.13%, so JPO currently pays the higher dividend yield.
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