HEQQ vs SCHD
HEQQ vs SCHD
JPMorgan Nasdaq Hedged Equity Laddered Overlay 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 100 holdings.
Side-by-Side Comparison
| Metric | HEQQ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.06% | |
| AUM | $30M | $103.7B | |
| Dividend Yield | 0.10% | 3.31% | |
| Holdings | 106 | 104 | |
| YTD Return | +4.98% | +24.26% | |
| 1Y Return | +12.56% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 8.6% | 13.6% | |
| Max Drawdown | -7.6% | -33.4% | |
| Fund Family | J.P. Morgan Asset Management | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Mar 26, 2025 | Oct 20, 2011 |
HEQQ vs SCHD Performance
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) is a ETF from J.P. Morgan Asset Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year HEQQ returned +12.56% while SCHD returned +31.38%. Year to date, HEQQ is up 4.98% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 8.6% for HEQQ. 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 -7.6% for HEQQ 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 0.03. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HEQQ charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, HEQQ currently yields 0.10% against 3.31% for SCHD.
Holdings Overlap
HEQQ and SCHD share 6 holdings out of 192 unique holdings combined, representing a 1.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in HEQQ | Weight in SCHD | Difference |
|---|---|---|---|
| KO | 0.80% | 4.08% | 3.28% |
| UNH | 0.20% | 4.54% | 4.34% |
| ABT | 0.17% | 4.49% | 4.32% |
| COP | Pro | Pro | Pro |
| BMY | Pro | Pro | Pro |
| UPS | Pro | Pro | Pro |
See all 6 holdings HEQQ shares with SCHD Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, HEQQ or SCHD?
HEQQ has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, HEQQ or SCHD?
Over the past year HEQQ returned +12.56% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), HEQQ annualized +16.51% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, HEQQ or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 8.6% for HEQQ. Worst drawdown: HEQQ -7.6% vs SCHD -33.4%.
Should I hold both HEQQ and SCHD?
HEQQ and SCHD have a monthly-return correlation of 0.03, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HEQQ and SCHD?
HEQQ and SCHD share 6 common holdings with a 1.6% weight overlap. Combined, they hold 192 unique securities.
Which pays a higher dividend, HEQQ or SCHD?
HEQQ yields 0.10% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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