JEPQ vs SCHD
JEPQ vs SCHD
JPMorgan Nasdaq Equity Premium Income 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 | JEPQ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.06% | |
| AUM | $23.5B | $103.7B | |
| Dividend Yield | 10.12% | 3.31% | |
| Holdings | 109 | 104 | |
| YTD Return | +8.49% | +24.08% | |
| 1Y Return | +20.42% | +31.88% | |
| 3Y Return (annualized) | +18.66% | +14.92% | |
| 5Y Return (annualized) | - | +9.85% | |
| Volatility (annualized) | 13.8% | 13.6% | |
| Max Drawdown | -20.1% | -33.4% | |
| Fund Family | J.P. Morgan Asset Management | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | May 3, 2022 | Oct 20, 2011 |
JEPQ vs SCHD Performance
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) 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 JEPQ returned +20.42% while SCHD returned +31.88%. Year to date, JEPQ is up 8.49% versus a gain of 24.08% for SCHD.
Over three years, JEPQ compounded at +18.66% per year against +14.92% for SCHD. Across the full 4-year window we track, JEPQ has the edge at +15.58% annualized vs +11.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JEPQ has been the more volatile fund, with annualized monthly volatility of 13.8% 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 -20.1% for JEPQ 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JEPQ charges 0.35% per year while SCHD charges 0.06%. On a $10,000 position that is $35 vs $6 annually, a gap of $29 per year that compounds over a long holding period. On income, JEPQ currently yields 10.12% against 3.31% for SCHD.
Holdings Overlap
JEPQ and SCHD share 9 holdings out of 186 unique holdings combined, representing a 3.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in JEPQ | Weight in SCHD | Difference |
|---|---|---|---|
| UNH | 0.16% | 4.54% | 4.38% |
| AMGN | 0.37% | 4.25% | 3.88% |
| TXN | 0.83% | 3.70% | 2.87% |
| PEP | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| BMY | Pro | Pro | Pro |
| QCOM | Pro | Pro | Pro |
| CMCSA | Pro | Pro | Pro |
| UPS | Pro | Pro | Pro |
See all 9 holdings JEPQ 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, JEPQ or SCHD?
JEPQ has an expense ratio of 0.35% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, JEPQ or SCHD?
Over the past year JEPQ returned +20.42% vs +31.88% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), JEPQ annualized +15.58% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, JEPQ or SCHD?
JEPQ has been the more volatile fund at 13.8% annualized versus 13.6% for SCHD. Worst drawdown: JEPQ -20.1% vs SCHD -33.4%.
Should I hold both JEPQ and SCHD?
JEPQ and SCHD have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JEPQ and SCHD?
JEPQ and SCHD share 9 common holdings with a 3.4% weight overlap. Combined, they hold 186 unique securities.
Which pays a higher dividend, JEPQ or SCHD?
JEPQ yields 10.12% while SCHD yields 3.31%, so JEPQ currently pays the higher dividend yield.
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