PJFM vs SCHD
PGIM Jennison Focused Mid-Cap 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 | PJFM | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.06% | |
| AUM | $21M | $108.7B | |
| Dividend Yield | 0.58% | 3.13% | |
| Holdings | 45 | 104 | |
| YTD Return | +8.42% | +26.50% | |
| 1Y Return | +14.21% | +31.25% | |
| 3Y Return (annualized) | - | +16.34% | |
| 5Y Return (annualized) | - | +10.10% | |
| Volatility (annualized) | 15.5% | 13.6% | |
| Max Drawdown | -22.8% | -33.4% | |
| Fund Family | PGIM Investments | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 14, 2023 | Oct 20, 2011 |
PJFM vs SCHD Performance
PGIM Jennison Focused Mid-Cap ETF (PJFM) is a ETF from PGIM Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PJFM returned +14.21% while SCHD returned +31.25%. Year to date, PJFM is up 8.42% versus a gain of 26.50% for SCHD.
Risk: Volatility and Drawdowns
PJFM has been the more volatile fund, with annualized monthly volatility of 15.5% 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 -22.8% for PJFM 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 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PJFM charges 0.49% per year while SCHD charges 0.06%. On a $10,000 position that is $49 vs $6 annually, a gap of $43 per year that compounds over a long holding period. On income, PJFM currently yields 0.58% against 3.13% for SCHD.
Holdings Overlap
PJFM and SCHD share 1 holdings out of 146 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PJFM | Weight in SCHD | Difference |
|---|---|---|---|
| EWBC | 3.17% | 0.45% | 2.72% |
Frequently Asked Questions
Which is cheaper, PJFM or SCHD?
PJFM has an expense ratio of 0.49% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $43 per year of difference.
Which performed better, PJFM or SCHD?
Over the past year PJFM returned +14.21% vs +31.25% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), PJFM annualized +11.66% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, PJFM or SCHD?
PJFM has been the more volatile fund at 15.5% annualized versus 13.6% for SCHD. Worst drawdown: PJFM -22.8% vs SCHD -33.4%.
Should I hold both PJFM and SCHD?
PJFM and SCHD have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PJFM and SCHD?
PJFM and SCHD share 1 common holdings with a 0.5% weight overlap. Combined, they hold 146 unique securities.
Which pays a higher dividend, PJFM or SCHD?
PJFM yields 0.58% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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