PJIO vs SCHD
PGIM Jennison Focused International Equity 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 | PJIO | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.54% | 0.06% | |
| AUM | $32M | $108.7B | |
| Dividend Yield | 0.19% | 3.13% | |
| Holdings | 35 | 104 | |
| YTD Return | +4.86% | +26.50% | |
| 1Y Return | +5.46% | +31.25% | |
| 3Y Return (annualized) | - | +16.34% | |
| 5Y Return (annualized) | - | +10.10% | |
| Volatility (annualized) | 18.9% | 13.6% | |
| Max Drawdown | -19.4% | -33.4% | |
| Fund Family | PGIM Investments | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 14, 2023 | Oct 20, 2011 |
PJIO vs SCHD Performance
PGIM Jennison Focused International Equity ETF (PJIO) 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 PJIO returned +5.46% while SCHD returned +31.25%. Year to date, PJIO is up 4.86% versus a gain of 26.50% for SCHD.
Risk: Volatility and Drawdowns
PJIO has been the more volatile fund, with annualized monthly volatility of 18.9% 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 -19.4% for PJIO 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 0.14. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PJIO charges 0.54% per year while SCHD charges 0.06%. On a $10,000 position that is $54 vs $6 annually, a gap of $48 per year that compounds over a long holding period. On income, PJIO currently yields 0.19% against 3.13% for SCHD.
Holdings Overlap
PJIO and SCHD share 0 holdings out of 136 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, PJIO or SCHD?
PJIO has an expense ratio of 0.54% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $48 per year of difference.
Which performed better, PJIO or SCHD?
Over the past year PJIO returned +5.46% vs +31.25% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), PJIO annualized +10.45% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, PJIO or SCHD?
PJIO has been the more volatile fund at 18.9% annualized versus 13.6% for SCHD. Worst drawdown: PJIO -19.4% vs SCHD -33.4%.
Should I hold both PJIO and SCHD?
PJIO and SCHD have a monthly-return correlation of 0.14, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PJIO and SCHD?
PJIO and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 136 unique securities.
Which pays a higher dividend, PJIO or SCHD?
PJIO yields 0.19% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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