JQUA vs. SCHD

Last updated Jul 16, 2026

JQUA (JPMorgan U.S. Quality Factor ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - JQUA is a Large Cap Blend Equities fund tracking the JP Morgan US Quality Factor Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 5 years, JQUA returned 13.36%/yr vs 8.98%/yr for SCHD. A 0.72 correlation means they provide meaningful diversification when combined. JQUA charges 0.12%/yr vs 0.06%/yr for SCHD.

Performance

JQUA vs. SCHD - Performance Comparison

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

Returns By Period

In the year-to-date period, JQUA achieves a 14.58% return, which is significantly lower than SCHD's 19.84% return.

JQUA

• 1D: -0.46%
• 1M: 0.19%
• 6M: 12.66%
• YTD: 14.58%
• 1Y: 22.25%
• 3Y*: 18.61%
• 5Y*: 13.36%
• 10Y*: —

SCHD

• 1D: 0.43%
• 1M: -0.10%
• 6M: 13.20%
• YTD: 19.84%
• 1Y: 24.78%
• 3Y*: 13.87%
• 5Y*: 8.98%
• 10Y*: 12.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JQUA vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JQUA JPMorgan U.S. Quality Factor ETF	14.58%	11.69%	21.21%	25.13%	-13.45%	28.68%	16.56%	28.47%	-2.98%	5.07%
SCHD Schwab U.S. Dividend Equity ETF	19.84%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	5.37%

Correlation

The correlation between JQUA and SCHD is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017	0.72

Over the past year, the correlation between JQUA and SCHD has dropped to 0.40 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

JQUA vs. SCHD - Sectors Allocation Comparison

Sectors	JQUA	SCHD
Technology	39.6%	19.4%
Financial Services	12.3%	9.1%
Consumer Cyclical	9.5%	6.7%
Healthcare	8.7%	18.4%
Industrials	8.3%	7.4%
Consumer Defensive	5.4%	18.5%
Communication Services	5.3%	6.0%
Energy	3.3%	14.6%
Utilities	2.2%	0.0%
Real Estate	2.2%	-
Basic Materials	1.8%	1.2%

Return for Risk

JQUA vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JQUA

JQUA Risk / Return Rank: 74
JQUA Sharpe Ratio Rank: 73
JQUA Sortino Ratio Rank: 73
JQUA Omega Ratio Rank: 68
JQUA Calmar Ratio Rank: 76
JQUA Martin Ratio Rank: 82

SCHD

SCHD Risk / Return Rank: 89
SCHD Sharpe Ratio Rank: 88
SCHD Sortino Ratio Rank: 92
SCHD Omega Ratio Rank: 85
SCHD Calmar Ratio Rank: 94
SCHD Martin Ratio Rank: 83

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.

JQUA vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Quality Factor ETF (JQUA) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JQUA	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.30	-0.43
Sortino ratio: Return per unit of downside risk	2.63	3.53	-0.90
Omega ratio: Gain probability vs. loss probability	1.32	1.41	-0.08
Calmar ratio: Return relative to maximum drawdown	3.14	5.39	-2.26
Martin ratio: Return relative to average drawdown	12.81	13.18	-0.37

JQUA vs. SCHD - Sharpe Ratio Comparison

The current JQUA Sharpe Ratio is 1.86, which is comparable to the SCHD Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of JQUA 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.

Drawdowns

JQUA vs. SCHD - Drawdown Comparison

The maximum JQUA drawdown since its inception was -32.92%, roughly equal to the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for JQUA and SCHD.

Drawdown Indicators

	JQUA	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-32.92%	-33.37%	+0.45%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-4.61%	-2.52%
Max Drawdown (3Y) Largest decline over 3 years	-16.81%	-16.13%	-0.68%
Max Drawdown (5Y) Largest decline over 5 years	-22.47%	-16.85%	-5.62%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.37%	—
Current Drawdown Current decline from peak	-0.66%	-0.71%	+0.05%
Average Drawdown Average peak-to-trough decline	-4.12%	-3.30%	-0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	1.89%	-0.15%

Volatility

JQUA vs. SCHD - Volatility Comparison

JPMorgan U.S. Quality Factor ETF (JQUA) has a higher volatility of 4.00% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.55%. This indicates that JQUA'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.

Volatility by Period

	JQUA	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	3.55%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	9.57%	7.79%	+1.78%
Volatility (1Y) Calculated over the trailing 1-year period	12.04%	10.98%	+1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.75%	14.37%	+1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.97%	16.70%	+1.27%

JQUA vs. SCHD - Expense Ratio Comparison

JQUA has a 0.12% expense ratio, which is higher than SCHD's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JQUA vs. SCHD - Dividend Comparison

JQUA's dividend yield for the trailing twelve months is around 1.09%, less than SCHD's 3.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JQUA JPMorgan U.S. Quality Factor ETF	1.09%	1.19%	1.24%	1.21%	1.60%	1.32%	1.44%	1.67%	2.10%	0.40%	0.00%	0.00%
SCHD Schwab U.S. Dividend Equity ETF	3.24%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both JQUA and SCHD in my portfolio?

JQUA and SCHD have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JQUA or SCHD?

JQUA has higher volatility (4.00%) compared to SCHD (3.55%). In terms of maximum drawdown, JQUA dropped -32.92% vs SCHD's -33.37%.

Which ETF is better, JQUA or SCHD?

On 5-year performance, JQUA leads with 13.36% vs 8.98% for SCHD. On fees, SCHD is cheaper at 0.06% per year. On volatility, SCHD has been the lower-risk option at 3.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JQUA or SCHD?

Over the 5-year period, JQUA has performed better with a 13.36% return vs 8.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JQUA or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.12% for JQUA.

Which ETF pays a higher dividend yield, JQUA or SCHD?

SCHD has the higher dividend yield at 3.24%, compared with 1.09% for JQUA.

What is the main difference between JQUA and SCHD?

JQUA is categorized as Large Cap Blend Equities, while SCHD is Dividend. JQUA tracks JP Morgan US Quality Factor Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: JPMorgan and Charles Schwab. Their fees differ too: 0.12% for JQUA and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.30 vs 1.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.