JQUA vs. SCHK

Last updated Jun 24, 2026

JQUA (JPMorgan U.S. Quality Factor ETF) and SCHK (Schwab 1000 Index ETF) are both Large Cap Blend Equities funds - JQUA tracks the JP Morgan US Quality Factor Index while SCHK tracks the Schwab 1000 Index. Both are passively managed. Over the past 5 years, JQUA returned 13.08%/yr vs 12.31%/yr for SCHK. Their correlation of 0.90 suggests significant overlap in exposure. JQUA charges 0.12%/yr vs 0.03%/yr for SCHK.

Performance

JQUA vs. SCHK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Quality Factor ETF (JQUA) and Schwab 1000 Index ETF (SCHK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JQUA achieves a 11.30% return, which is significantly higher than SCHK's 8.54% return.

JQUA

• 1D: -2.01%
• 1M: 0.56%
• YTD: 11.30%
• 6M: 10.20%
• 1Y: 20.17%
• 3Y*: 19.01%
• 5Y*: 13.08%
• 10Y*: —

SCHK

• 1D: -1.42%
• 1M: -0.95%
• YTD: 8.54%
• 6M: 7.46%
• 1Y: 23.67%
• 3Y*: 20.74%
• 5Y*: 12.31%
• 10Y*: —

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

JQUA vs. SCHK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JQUA JPMorgan U.S. Quality Factor ETF	11.30%	11.69%	21.21%	25.13%	-13.45%	28.68%	16.56%	28.47%	-2.98%	5.07%
SCHK Schwab 1000 Index ETF	8.54%	17.23%	24.48%	26.63%	-19.51%	26.17%	20.75%	31.31%	-5.09%	3.59%

Correlation

The correlation between JQUA and SCHK is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017	0.90

The correlation between JQUA and SCHK has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

JQUA vs. SCHK - Sectors Allocation Comparison

Sectors	JQUA	SCHK
Technology	43.9%	38.0%
Financial Services	11.1%	11.2%
Consumer Cyclical	9.2%	9.8%
Industrials	8.0%	8.9%
Healthcare	7.9%	8.4%
Communication Services	6.5%	10.1%
Consumer Defensive	5.2%	4.3%
Energy	3.4%	3.2%
Real Estate	2.1%	2.0%
Basic Materials	1.6%	1.9%
Utilities	1.2%	2.1%

Return for Risk

JQUA vs. SCHK — Risk / Return Rank

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

JQUA

JQUA Risk / Return Rank: 55
JQUA Sharpe Ratio Rank: 51
JQUA Sortino Ratio Rank: 50
JQUA Omega Ratio Rank: 48
JQUA Calmar Ratio Rank: 60
JQUA Martin Ratio Rank: 66

SCHK

SCHK Risk / Return Rank: 58
SCHK Sharpe Ratio Rank: 57
SCHK Sortino Ratio Rank: 55
SCHK Omega Ratio Rank: 56
SCHK Calmar Ratio Rank: 56
SCHK Martin Ratio Rank: 67

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. SCHK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Quality Factor ETF (JQUA) and Schwab 1000 Index ETF (SCHK). 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	SCHK	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.86	-0.17
Sortino ratio: Return per unit of downside risk	2.37	2.53	-0.17
Omega ratio: Gain probability vs. loss probability	1.29	1.33	-0.04
Calmar ratio: Return relative to maximum drawdown	2.84	2.65	+0.19
Martin ratio: Return relative to average drawdown	11.58	11.81	-0.23

JQUA vs. SCHK - Sharpe Ratio Comparison

The current JQUA Sharpe Ratio is 1.69, which is comparable to the SCHK Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of JQUA and SCHK, 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. SCHK - Drawdown Comparison

The maximum JQUA drawdown since its inception was -32.92%, smaller than the maximum SCHK drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for JQUA and SCHK.

Drawdown Indicators

	JQUA	SCHK	Difference
Max Drawdown Largest peak-to-trough decline	-32.92%	-34.80%	+1.88%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-8.97%	+1.84%
Max Drawdown (3Y) Largest decline over 3 years	-16.81%	-19.21%	+2.40%
Max Drawdown (5Y) Largest decline over 5 years	-22.47%	-25.44%	+2.97%
Current Drawdown Current decline from peak	-2.77%	-2.98%	+0.21%
Average Drawdown Average peak-to-trough decline	-4.15%	-5.16%	+1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	2.01%	-0.26%

Volatility

JQUA vs. SCHK - Volatility Comparison

JPMorgan U.S. Quality Factor ETF (JQUA) has a higher volatility of 5.52% compared to Schwab 1000 Index ETF (SCHK) at 4.96%. This indicates that JQUA's price experiences larger fluctuations and is considered to be riskier than SCHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JQUA	SCHK	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.52%	4.96%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	9.51%	10.10%	-0.59%
Volatility (1Y) Calculated over the trailing 1-year period	12.05%	12.84%	-0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.74%	17.34%	-1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.01%	19.12%	-1.11%

JQUA vs. SCHK - Expense Ratio Comparison

JQUA has a 0.12% expense ratio, which is higher than SCHK's 0.03% 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. SCHK - Dividend Comparison

JQUA's dividend yield for the trailing twelve months is around 1.10%, more than SCHK's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JQUA JPMorgan U.S. Quality Factor ETF	1.10%	1.19%	1.24%	1.21%	1.60%	1.32%	1.44%	1.67%	2.10%	0.40%
SCHK Schwab 1000 Index ETF	1.03%	1.09%	1.20%	1.38%	1.57%	1.17%	1.58%	1.82%	1.80%	0.31%

Frequently Asked Questions

Can I hold both JQUA and SCHK in my portfolio?

With a correlation of 0.90, JQUA and SCHK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JQUA or SCHK?

JQUA has higher volatility (5.52%) compared to SCHK (4.96%). In terms of maximum drawdown, JQUA dropped -32.92% vs SCHK's -34.80%.

Which ETF is better, JQUA or SCHK?

On 5-year performance, JQUA leads with 13.08% vs 12.31% for SCHK. On fees, SCHK is cheaper at 0.03% per year. On volatility, SCHK has been the lower-risk option at 4.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JQUA or SCHK?

Over the 5-year period, JQUA has performed better with a 13.08% return vs 12.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JQUA or SCHK?

SCHK is cheaper with a 0.03% expense ratio, compared with 0.12% for JQUA.

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

JQUA has the higher dividend yield at 1.10%, compared with 1.03% for SCHK.

What is the main difference between JQUA and SCHK?

JQUA tracks JP Morgan US Quality Factor Index, while SCHK tracks Schwab 1000 Index. They also come from different issuers: JPMorgan and Charles Schwab. Their fees differ too: 0.12% for JQUA and 0.03% for SCHK.

Which has better risk-adjusted returns?

SCHK currently has the higher Sharpe Ratio (1.86 vs 1.69), 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.