PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
JEPI vs. SCHD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JEPI vs. SCHD

Last updated Apr 12, 2026

JEPI (JPMorgan Equity Premium Income ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds — JEPI is a Actively Managed fund actively managed by JPMorgan, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. JEPI is actively managed, while SCHD is passively managed. Over the past 5 years, JEPI returned 8.65%/yr vs 8.08%/yr for SCHD. A 0.78 correlation means they provide meaningful diversification when combined. JEPI charges 0.35%/yr vs 0.06%/yr for SCHD.

Performance

JEPI vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Premium Income ETF (JEPI) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

Returns By Period

In the year-to-date period, JEPI achieves a 2.48% return, which is significantly lower than SCHD's 12.35% return.

JEPI

1D
-0.45%
1M
1.38%
YTD
2.48%
6M
6.85%
1Y
15.92%
3Y*
10.09%
5Y*
8.65%
10Y*
—

SCHD

1D
-1.23%
1M
-0.01%
YTD
12.35%
6M
17.31%
1Y
25.46%
3Y*
11.71%
5Y*
8.08%
10Y*
12.27%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JEPI vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
JEPI
JPMorgan Equity Premium Income ETF		2.48%8.09%12.57%9.83%-3.49%21.52%18.61%
SCHD
Schwab U.S. Dividend Equity ETF		12.35%4.34%11.66%4.54%-3.26%29.87%30.17%

Correlation

The correlation between JEPI and SCHD is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.74

Correlation (3Y)
Calculated over the trailing 3-year period

0.78

Correlation (5Y)
Calculated over the trailing 5-year period

0.82

Correlation (All Time)
Calculated using the full available price history since May 22, 2020

0.78

The correlation between JEPI and SCHD has been stable across timeframes, ranging from 0.74 to 0.82 — a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPMorgan Equity Premium Income ETF

Schwab U.S. Dividend Equity ETF

Often compared with JEPI:
JEPI vs. JEPQJEPI vs. SPYJEPI vs. QYLDJEPI vs. SPYIJEPI vs. QQQIJEPI vs. VOOJEPI vs. DIVO
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. FDVVSCHD vs. VIGSCHD vs. VTI

Return for Risk

JEPI vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JEPI
JEPI Risk / Return Rank: 5454
Overall Rank
JEPI Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
JEPI Sortino Ratio Rank: 5151
Sortino Ratio Rank
JEPI Omega Ratio Rank: 5252
Omega Ratio Rank
JEPI Calmar Ratio Rank: 5353
Calmar Ratio Rank
JEPI Martin Ratio Rank: 6363
Martin Ratio Rank
SCHD
SCHD Risk / Return Rank: 7272
Overall Rank
SCHD Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 7373
Sortino Ratio Rank
SCHD Omega Ratio Rank: 5959
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9191
Calmar Ratio Rank
SCHD Martin Ratio Rank: 7070
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JEPI vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Income ETF (JEPI) and Schwab U.S. Dividend Equity ETF (SCHD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

JEPISCHDDifference

Sharpe ratio

Return per unit of total volatility

1.95

2.31

-0.36

Sortino ratio

Return per unit of downside risk

2.81

3.54

-0.73

Omega ratio

Gain probability vs. loss probability

1.38

1.41

-0.03

Calmar ratio

Return relative to maximum drawdown

3.35

6.61

-3.27

Martin ratio

Return relative to average drawdown

14.55

16.08

-1.53

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JEPI vs. SCHD - Sharpe Ratio Comparison

The current JEPI Sharpe Ratio is 1.95, which is comparable to the SCHD Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of JEPI and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading graphics...

Sharpe Ratios by Period

JEPISCHDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.95

2.31

-0.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.78

0.56

+0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.74

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.07

0.84

+0.23

Drawdowns

JEPI vs. SCHD - Drawdown Comparison

The maximum JEPI drawdown since its inception was -13.71%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for JEPI and SCHD.

Loading graphics...

Drawdown Indicators

JEPISCHDDifference

Max Drawdown

Largest peak-to-trough decline

-13.71%

-33.37%

+19.66%

Max Drawdown (1Y)

Largest decline over 1 year

-6.68%

-4.61%

-2.07%

Max Drawdown (5Y)

Largest decline over 5 years

-13.71%

-16.85%

+3.14%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.37%

—

Current Drawdown

Current decline from peak

-2.62%

-3.27%

+0.65%

Average Drawdown

Average peak-to-trough decline

-2.08%

-3.34%

+1.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.54%

1.90%

-0.36%

Volatility

JEPI vs. SCHD - Volatility Comparison

JPMorgan Equity Premium Income ETF (JEPI) has a higher volatility of 4.25% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.68%. This indicates that JEPI's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

JEPISCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.25%

2.68%

+1.57%

Volatility (6M)

Calculated over the trailing 6-month period

6.66%

8.03%

-1.37%

Volatility (1Y)

Calculated over the trailing 1-year period

9.18%

12.38%

-3.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.09%

14.40%

-3.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.90%

16.70%

-5.80%

JEPI vs. SCHD - Expense Ratio Comparison

JEPI has a 0.35% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

JEPI vs. SCHD - Dividend Comparison

JEPI's dividend yield for the trailing twelve months is around 8.30%, more than SCHD's 3.45% yield.

TTM20252024202320222021202020192018201720162015
JEPI
JPMorgan Equity Premium Income ETF		8.30%8.25%7.33%8.40%11.68%6.59%5.79%0.00%0.00%0.00%0.00%0.00%
SCHD
Schwab U.S. Dividend Equity ETF		3.45%3.82%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%