PJP vs SCHD
Invesco Pharmaceuticals ETF vs Schwab US Dividend Equity ETF
Which is better, PJP or SCHD?
PJP has been ahead.
SCHD has a lower expense ratio. PJP led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 48.8%.
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 | PJP | SCHD |
|---|---|---|
| Expense Ratio | 0.57% | 0.06%Best |
| AUM | $529M | $112.2B |
| Dividend Yield | 0.87% | 3.13% |
| Holdings | 32 | 103 |
| YTD Return | +24.41% | +27.56%Best |
| 1Y Return | +41.39%Best | +30.29% |
| 3Y Return (annualized) | +20.08%Best | +16.37% |
| 5Y Return (annualized) | +10.85%Best | +10.23% |
| Volatility (annualized) | 16.0% | 13.6%Best |
| Max Drawdown | -42.4% | -33.4%Best |
| $10,000 over 5 years | $16,737Best | $16,274 |
| Top 10 Weight | 48.8% | 41.5%Best |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jun 23, 2005 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 4, 2026 (14.9 years).
PJP 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 14.9 years both funds cover.
PJP vs SCHD Performance
Invesco Pharmaceuticals ETF (PJP) is an ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year PJP returned +41.39% while SCHD returned +30.29%. Year to date, PJP is up 24.41% versus a gain of 27.56% for SCHD.
Over three years, PJP compounded at +20.08% per year against +16.37% for SCHD; over five years the annualized figures are +10.85% and +10.23% respectively. Across the full 15-year window we track, PJP has the edge at +11.93% annualized vs +11.53%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PJP has been the more volatile fund, with annualized monthly volatility of 16.0% 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 what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.64. They move together some of the time, and apart the rest.
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 0.87% against 3.13% for SCHD.
Holdings Overlap
18.8% of PJP's money is in holdings SCHD also owns. 16.9% of SCHD's money is in holdings PJP also owns.
PJP and SCHD share little of their money.
4 positions in common, counted across the 30 positions we hold weights for in PJP and 100 in SCHD, against full books of 32 and 103.
What only one of them owns
Measured across the 30 and 100 positions we hold weights for.
SCHD holds 95 positions PJP does not, 83.0% of the fund.
Largest: HD 4.32%, KO 4.20%, UNH 4.11%, PG 3.96%, VZ 3.84%
You are not choosing between two funds in isolation.
Whichever of PJP and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $51 a year on a $10,000 investment.
Which performed better, PJP or SCHD?
Over the past year PJP returned +41.39% vs +30.29% for SCHD, so PJP leads on 1-year performance. Over the longest common window we track (15 years), PJP annualized +11.93% vs +11.53% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PJP or SCHD?
PJP has been the more volatile fund at 16.0% 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 their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between PJP and SCHD?
18.8% of PJP's money is in holdings SCHD also owns. 16.9% of SCHD's is in holdings PJP also owns. They hold 4 positions in common, counted across the 30 positions we hold weights for in PJP and 100 in SCHD.
Which pays a higher dividend, PJP or SCHD?
PJP yields 0.87% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than PJP?
SCHD has a lower expense ratio. PJP led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 48.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.