JVAL vs SCHD
JPMorgan US Value Factor ETF vs Schwab US Dividend Equity ETF
Which is better, JVAL or SCHD?
Each has led over a different period.
SCHD has a lower expense ratio. JVAL led over 3Y, 5Y and the full window, SCHD over 1Y. The two have moved almost in lockstep, correlation 0.90. JVAL is less concentrated, with 17.3% of the fund in its ten largest positions against 41.8%.
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 | JVAL | SCHD |
|---|---|---|
| Expense Ratio | 0.12% | 0.06%Best |
| AUM | $952M | $112.1B |
| Dividend Yield | 1.60% | 3.00% |
| Holdings | 399 | 103 |
| YTD Return | +20.17% | +25.88%Best |
| 1Y Return | +26.94% | +30.22%Best |
| 3Y Return (annualized) | +20.90%Best | +16.05% |
| 5Y Return (annualized) | +12.81%Best | +10.17% |
| Volatility (annualized) | 18.2% | 16.1%Best |
| Max Drawdown | -40.4% | -33.4%Best |
| $10,000 over 5 years | $18,270Best | $16,230 |
| Top 10 Weight | 17.3%Best | 41.8% |
| Fund Family | J.P. Morgan Asset Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 8, 2017 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Nov 9, 2017 to Sep 14, 2026 (8.8 years).
JVAL 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 covers the 8.8 years both funds cover.
JVAL vs SCHD Performance
JPMorgan US Value Factor ETF (JVAL) is an ETF from J.P. Morgan Asset Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year JVAL returned +26.94% while SCHD returned +30.22%. Year to date, JVAL is up 20.17% versus a gain of 25.88% for SCHD.
Over three years, JVAL compounded at +20.90% per year against +16.05% for SCHD; over five years the annualized figures are +12.81% and +10.17% respectively. Across the full 9-year window we track, JVAL has the edge at +11.79% annualized vs +11.24%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JVAL has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 16.1% 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 -40.4% for JVAL 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JVAL charges 0.12% per year while SCHD charges 0.06%. On a $10,000 position that is $12 vs $6 annually, a gap of $6 per year that compounds over a long holding period. On income, JVAL currently yields 1.60% against 3.00% for SCHD.
Holdings Overlap
12.6% of JVAL's money is in holdings SCHD also owns. 58.7% of SCHD's money is in holdings JVAL also owns.
The two portfolios partly overlap.
40 positions in common, counted across the 390 positions we hold weights for in JVAL and 100 in SCHD, against full books of 399 and 103.
What only one of them owns
Our book lists 59 positions for SCHD that do not appear in our book for JVAL (41.3% of the fund), and 340 for JVAL that do not appear in SCHD (85.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in JVAL | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 1.05% | 4.77% | 3.72% |
| AMGNAmgen Inc. | 0.36% | 4.70% | 4.34% |
| CVXChevron Corp | 0.74% | 4.02% | 3.28% |
| HDHome Depot Inc/The | 0.56% | 3.88% | 3.32% |
| VZVerizon Communic | 0.44% | 3.97% | 3.53% |
| UNHUnitedhealth Group Incorporated | 0.56% | 3.82% | 3.26% |
| TXNTexas Instrument Inc | 0.78% | 3.13% | 2.35% |
| BMYBristol-Myers Squibb Co. | 0.44% | 3.33% | 2.89% |
| MOAltria Group Inc | 0.45% | 2.79% | 2.34% |
| ACNAccenture Plc | 0.39% | 2.84% | 2.45% |
58.7% of SCHD is already inside JVAL.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JVAL or SCHD?
JVAL has an expense ratio of 0.12% while SCHD charges 0.06%. SCHD is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, JVAL or SCHD?
Over the past year JVAL returned +26.94% vs +30.22% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (9 years), JVAL annualized +11.79% vs +11.24% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JVAL or SCHD?
JVAL has been the more volatile fund at 18.2% annualized versus 16.1% for SCHD. Worst drawdown: JVAL -40.4% vs SCHD -33.4%.
Should I hold both JVAL and SCHD?
JVAL and SCHD have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between JVAL and SCHD?
58.7% of SCHD's money is in holdings JVAL also owns. 58.7% of SCHD's is in holdings JVAL also owns. They hold 40 positions in common, counted across the 390 positions we hold weights for in JVAL and 100 in SCHD.
Which pays a higher dividend, JVAL or SCHD?
JVAL yields 1.60% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than JVAL?
SCHD has a lower expense ratio. JVAL led over 3Y, 5Y and the full window, SCHD over 1Y. The two have moved almost in lockstep, correlation 0.90. JVAL is less concentrated, with 17.3% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.