JEPI vs SCHD: which ETF is better?
JPMorgan Equity Premium Income ETF (JEPI) and Schwab U.S. Dividend Equity ETF (SCHD) compared on fees, holdings overlap, dividend yield, returns and risk, using the latest data.
- JEPI and SCHD have low overlap: 8% of each fund by weight sits in the same holdings.
- SCHD is cheaper at 0.06% a year against 0.35% for JEPI, about $29 less in fees per $10,000 invested each year.
- Over the last 5 years, SCHD returned an average of 9.8% a year against 7.2% for JEPI, with dividends reinvested.
- JEPI pays more income, yielding 8.09% over the last 12 months against 3.00% for SCHD.
- Overlap by weight
- 8.4%
- Shared holdings
- 15
| JEPI | SCHD | |
|---|---|---|
| Name | JPMorgan Equity Premium Income ETF | Schwab U.S. Dividend Equity ETF |
| Issuer | J.P. Morgan | Schwab |
| Listed on | NYSE Arca · USD | NYSE Arca · USD |
| Expense ratio | 0.35% | 0.06% |
| Assets (AUM) | $45.2B | $120B |
| Launched | May 20, 2020 | Oct 20, 2011 |
| Holdings | 116 | 99 |
| Dividend yield (12m) | 8.09% · monthly | 3.00% · quarterly |
| Asset class | US Equity | Equity |
| Annualised return | JEPI | SCHD |
|---|---|---|
| 1 year | +8.6% | +37.3% |
| 3 years | +10.0% | +18.9% |
| 5 years | +7.2% | +9.8% |
| 10 years | — | +13.6% |
| Volatility | 10.1% | 13.2% |
| Max drawdown | -13.7% | -33.4% |
Volatility is the annualised standard deviation of daily returns over 3 years. Max drawdown is the largest fall from a peak over the last 10 years, or since launch.
| Holding | JEPI | SCHD |
|---|---|---|
| EOGEOG RESOURCES INC COMMON | 1.61% | 1.81% |
| PEPPEPSICO INC COMMON STOCK | 1.04% | 3.99% |
| COPCONOCOPHILLIPS COMMON | 0.83% | 3.88% |
| UNHUNITEDHEALTH GROUP INC | 0.70% | 3.89% |
| ACNACCENTURE PLC COMMON | 0.68% | 3.87% |
| KOTHE COCA-COLA COMPANY | 0.66% | 4.27% |
| BMYBRISTOL-MYERS SQUIBB CO | 0.64% | 3.07% |
| PGTHE PROCTER & GAMBLE | 0.48% | 4.45% |
| TXNTEXAS INSTRUMENTS INC | 0.41% | 4.29% |
| VZVERIZON COMMUNICATIONS | 0.38% | 3.61% |
Pull each fund's details, full price history and holdings into Google Sheets or Excel, so your comparison updates itself.
=SF("JEPI","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("JEPI","2020-05-01",TODAY(),"dailyAdj")=SF("SCHD","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("SCHD","2020-05-01",TODAY(),"dailyAdj")Prices to Nov 6, 2026; holdings last checked Nov 7, 2026. Returns are in each fund's trading currency (USD). Past performance doesn't predict future returns. For information only, not investment advice.
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JEPI vs SCHD: frequently asked questions
How much do JEPI and SCHD overlap?
8.4% by weight. They share 15 holdings, and that share of each fund is invested in exactly the same positions. They cover quite different parts of the market.
Is JEPI or SCHD cheaper?
SCHD is cheaper. JEPI's expense ratio is 0.35% a year and SCHD's is 0.06%, so on $10,000 you'd pay about $35 and $6 a year.
Which has performed better, JEPI or SCHD?
Over the last 5 years, SCHD has. JEPI returned 7.2% and SCHD 9.8% a year on average, including reinvested dividends, as of Nov 6, 2026. Past returns don't predict future ones.
Which pays a higher dividend, JEPI or SCHD?
JEPI does. Over the last 12 months JEPI yielded 8.09%, paid monthly, and SCHD 3.00%, paid quarterly.
Should I hold both JEPI and SCHD?
They overlap by 8%, so holding both does spread your money more widely than either alone. Whether that suits you depends on the mix you want. This is general information, not advice.
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