PJP vs SCHD
Invesco Pharmaceuticals ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. PJP delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | PJP | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.57% | 0.06% | |
| AUM | $458M | $103.7B | |
| Dividend Yield | 0.90% | 3.31% | |
| Holdings | 34 | 104 | |
| YTD Return | +20.41% | +25.58% | |
| 1Y Return | +44.02% | +31.06% | |
| 3Y Return (annualized) | +17.51% | +15.55% | |
| 5Y Return (annualized) | +9.92% | +9.61% | |
| Volatility (annualized) | 15.7% | 13.6% | |
| Max Drawdown | -42.4% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jun 23, 2005 | Oct 20, 2011 |
PJP vs SCHD Performance
Invesco Pharmaceuticals ETF (PJP) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PJP returned +44.02% while SCHD returned +31.06%. Year to date, PJP is up 20.41% versus a gain of 25.58% for SCHD.
Over three years, PJP compounded at +17.51% per year against +15.55% for SCHD; over five years the annualized figures are +9.92% and +9.61% respectively. Across the full 15-year window we track, SCHD has the edge at +11.46% annualized vs +10.88%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PJP 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 -42.4% for PJP 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PJP charges 0.57% per year while SCHD charges 0.06%. On a $10,000 position that is $57 vs $6 annually, a gap of $51 per year that compounds over a long holding period. On income, PJP currently yields 0.90% against 3.31% for SCHD.
Holdings Overlap
PJP and SCHD share 4 holdings out of 126 unique holdings combined, representing a 15.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PJP or SCHD?
PJP has an expense ratio of 0.57% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, PJP or SCHD?
Over the past year PJP returned +44.02% vs +31.06% for SCHD, so PJP leads on 1-year performance. Over the longest common window we track (15 years), PJP annualized +10.88% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, PJP or SCHD?
PJP has been the more volatile fund at 15.7% annualized versus 13.6% for SCHD. Worst drawdown: PJP -42.4% vs SCHD -33.4%.
Should I hold both PJP and SCHD?
PJP and SCHD have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PJP and SCHD?
PJP and SCHD share 4 common holdings with a 15.8% weight overlap. Combined, they hold 126 unique securities.
Which pays a higher dividend, PJP or SCHD?
PJP yields 0.90% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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