SCHD vs JEPI: Schwab U.S. Dividend Equity ETF and JPMorgan Equity Premium Income ETF compared

Schwab U.S. Dividend Equity ETF logoSCHDSchwab U.S. Dividend Equity ETF$33.72 +0.13% todayJPMorgan Equity Premium Income ETF logoJEPIJPMorgan Equity Premium Income ETF$56.43 +0.40% today

Over the past five years, $10,000 in SCHD grew to $15,897, against $14,216 in JEPI. It asked more of you on the way: a −17% worst fall, against −13%.

etf head-to-headdividends reinvesteddata through Sep 2026

growth of $10,000
as of Sep 2026SCHD $15,897JEPI $14,216

the gap between themSCHD ahead by $1,682

SCHD solid · JEPI dashed · weekly closes, dividends reinvested

who comes out aheadSCHD 2 · 2 JEPI

Even at 2 each. The difference is in the details below.

  • Grew more over five yearsSCHD +59% · JEPI +42%Schwab U.S. Dividend Equity ETF logoSCHD
  • Fell less at its worstSCHD −17% · JEPI −13%JPMorgan Equity Premium Income ETF logoJEPI
  • Calmer rideSCHD 14% vol · JEPI 11% volJPMorgan Equity Premium Income ETF logoJEPI
  • Cheaper to holdSCHD 0.06% a year · JEPI 0.35% a yearSchwab U.S. Dividend Equity ETF logoSCHD

move together · correlation 0.84

01The numbers

Side by side, line by line

head to head11 lines
SCHD and JEPI compared on price, size, returns, risk and cost
MetricSchwab U.S. Dividend Equity ETF logoSCHDJPMorgan Equity Premium Income ETF logoJEPI
Price$33.72$56.43
Fund size$112.34B$46.16B
1-year return+27.2% (ahead)+7.4%
3-year return, a year+16.2% (ahead)+9.8%
5-year return, a year+9.7% (ahead)+7.3%
Volatility, a year14%11% (ahead)
Worst drawdown−17%−13% (ahead)
Worst week−8.3%Mar 2025−7.3% (ahead)Mar 2025
Beta0.560.43
Dividend yield3.00%7.97%
Expense ratio0.06% (ahead)0.35%
marks the side ahead on lines with a direction: higher return, lower volatility, shallower fall, lower fee
02Together

Do SCHD and JEPI move together?

correlationmove together
0.84Move together: most weeks they go the same way. Owning both spreads company risk, not market risk.

Correlation compares SCHD’s and JEPI’s weekly returns from Sep 2021 to Sep 2026. Two holdings near +1 fall on the same weeks, so owning both doesn’t cushion anything. Your portfolio has more than two lines, and Portfolio Terminal runs this check across every pair you hold.

Pearson correlation of weekly returns|+1 always together, 0 unrelated, −1 always opposite
03Drawdowns

How far each one fell

drawdownsbelow each one’s previous high
as of Sep 2026SCHD −4.0%JEPI −2.1%

SCHD

−17%

From its Jan 2022 high to Sep 2022. Back at that high by Dec 2023.

JEPI

−13%

From its Apr 2022 high to Sep 2022. Back at that high by Apr 2023.

Worst peak-to-trough fall on weekly closes · dividends reinvested

04Holdings

How much of it is the same money

overlaptop 10 holdings of each fund
0%None of SCHD’s ten largest holdings appear among JEPI’s.
Sum of the smaller weight in each shared holding
05Questions

SCHD vs JEPI: what people ask

questions6 answered

Is SCHD better than JEPI?

Over the past five years, SCHD delivered the higher return: +9.7% a year against +7.3% for JEPI, dividends reinvested. It also fell further at its worst (−17% against −13%), so the extra return came with a rougher ride. Which is better depends on the job it does in your portfolio, and past returns don’t predict future ones.

What is the difference between SCHD and JEPI?

SCHD is Schwab U.S. Dividend Equity ETF, a fund with $112.34B in assets. JEPI is JPMorgan Equity Premium Income ETF, a fund with $46.16B in assets. SCHD charges 0.06% a year and JEPI 0.35%.

Should I own both SCHD and JEPI?

Their weekly returns had a correlation of 0.84 over the past five years. Most weeks they go the same way. Owning both spreads company risk, not market risk. Whether that suits you depends on everything else you hold, which is the check Portfolio Terminal runs across a whole portfolio.

Which is riskier, SCHD or JEPI?

SCHD swung more: 14% annual volatility against 11% for JEPI. At their worst, SCHD fell 17% and JEPI 13% from a previous high. Against the broad market, their betas are 0.56 and 0.43.

Which pays a higher dividend, SCHD or JEPI?

JEPI currently yields 7.97%, against 3.00% for SCHD. Yields move with price, so a higher yield can also mean a falling price.

Which is cheaper to hold, SCHD or JEPI?

SCHD charges 0.06% a year and JEPI 0.35%. On $10,000, that is $29.00 a year in favor of SCHD.

Compare something else

Any two stocks or ETFs. Keep SCHD or swap both.

Schwab U.S. Dividend Equity ETF logo
Schwab U.S. Dividend Equity ETF logoVanguard Dividend Appreciation ETF logoSCHD vs VIGSchwab U.S. Dividend Equity ETF logoVanguard S&P 500 ETF logoSCHD vs VOOJPMorgan Equity Premium Income ETF logoVanguard S&P 500 ETF logoJEPI vs VOOVanguard S&P 500 ETF logoSPDR S&P 500 ETF Trust logoVOO vs SPY
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Returns use weekly closes adjusted for dividends and splits, from Sep 2021 to Sep 2026. Quotes, fees and holdings come from public market data and refresh hourly. This page describes what happened; it is not investment advice, and past performance doesn’t predict future returns.