JMTG vs SCHD
JMTG vs SCHD
JPMorgan Mortgage-Backed Securities ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. JMTG offers more diversification with 893 holdings.
Side-by-Side Comparison
| Metric | JMTG | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.24% | 0.06% | |
| AUM | $6.8B | $103.7B | |
| Dividend Yield | 1.05% | 3.31% | |
| Holdings | 2,513 | 104 | |
| YTD Return | +0.53% | +23.31% | |
| 1Y Return | +3.68% | +30.42% | |
| 3Y Return (annualized) | - | +14.66% | |
| 5Y Return (annualized) | - | +9.59% | |
| Volatility (annualized) | 3.5% | 13.6% | |
| Max Drawdown | -2.8% | -33.4% | |
| Fund Family | J.P. Morgan Asset Management | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 27, 2025 | Oct 20, 2011 |
JMTG vs SCHD Performance
JPMorgan Mortgage-Backed Securities ETF (JMTG) 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 JMTG returned +3.68% while SCHD returned +30.42%. Year to date, JMTG is up 0.53% versus a gain of 23.31% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 3.5% for JMTG. 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 -2.8% for JMTG 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 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JMTG charges 0.24% per year while SCHD charges 0.06%. On a $10,000 position that is $24 vs $6 annually, a gap of $18 per year that compounds over a long holding period. On income, JMTG currently yields 1.05% against 3.31% for SCHD.
Holdings Overlap
JMTG and SCHD share 0 holdings out of 993 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, JMTG or SCHD?
JMTG has an expense ratio of 0.24% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, JMTG or SCHD?
Over the past year JMTG returned +3.68% vs +30.42% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), JMTG annualized +3.90% vs +11.34% for SCHD. Past performance does not guarantee future results.
Which is riskier, JMTG or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 3.5% for JMTG. Worst drawdown: JMTG -2.8% vs SCHD -33.4%.
Should I hold both JMTG and SCHD?
JMTG and SCHD have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JMTG and SCHD?
JMTG and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 993 unique securities.
Which pays a higher dividend, JMTG or SCHD?
JMTG yields 1.05% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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