JVAL vs. SCHD

Last updated Jun 23, 2026

JVAL (JPMorgan U.S. Value Factor ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - JVAL is a Large Cap Value Equities fund tracking the JP Morgan US Value 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, JVAL returned 12.93%/yr vs 8.77%/yr for SCHD. Their correlation of 0.82 suggests significant overlap in exposure. JVAL charges 0.12%/yr vs 0.06%/yr for SCHD.

Performance

JVAL vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Value Factor ETF (JVAL) 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, JVAL achieves a 19.79% return, which is significantly higher than SCHD's 17.24% return.

JVAL

• 1D: 0.46%
• 1M: 4.53%
• YTD: 19.79%
• 6M: 18.51%
• 1Y: 38.81%
• 3Y*: 21.69%
• 5Y*: 12.93%
• 10Y*: —

SCHD

• 1D: 0.09%
• 1M: -2.86%
• YTD: 17.24%
• 6M: 16.44%
• 1Y: 24.06%
• 3Y*: 14.45%
• 5Y*: 8.77%
• 10Y*: 12.68%

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

JVAL vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JVAL JPMorgan U.S. Value Factor ETF	19.79%	16.16%	14.53%	19.48%	-11.58%	31.31%	6.43%	28.37%	-8.94%	5.24%
SCHD Schwab U.S. Dividend Equity ETF	17.24%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	5.37%

Correlation

The correlation between JVAL and SCHD is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017	0.82

Over the past year, the correlation between JVAL and SCHD has dropped to 0.57 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

JVAL vs. SCHD - Sectors Allocation Comparison

Sectors	JVAL	SCHD
Technology	41.4%	19.4%
Consumer Cyclical	11.2%	6.7%
Financial Services	9.6%	9.1%
Healthcare	8.7%	18.4%
Industrials	8.4%	7.4%
Communication Services	7.1%	6.0%
Energy	3.4%	14.6%
Consumer Defensive	3.2%	18.5%
Real Estate	2.5%	-
Basic Materials	2.4%	1.2%
Utilities	2.2%	0.0%

Return for Risk

JVAL vs. SCHD — Risk / Return Rank

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

JVAL

JVAL Risk / Return Rank: 85
JVAL Sharpe Ratio Rank: 86
JVAL Sortino Ratio Rank: 85
JVAL Omega Ratio Rank: 82
JVAL Calmar Ratio Rank: 86
JVAL Martin Ratio Rank: 87

SCHD

SCHD Risk / Return Rank: 76
SCHD Sharpe Ratio Rank: 70
SCHD Sortino Ratio Rank: 79
SCHD Omega Ratio Rank: 68
SCHD Calmar Ratio Rank: 90
SCHD Martin Ratio Rank: 71

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.

JVAL vs. SCHD - Risk-Adjusted Trends Comparison

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

	JVAL	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	2.70	2.18	+0.52
Sortino ratio: Return per unit of downside risk	3.64	3.34	+0.30
Omega ratio: Gain probability vs. loss probability	1.47	1.39	+0.08
Calmar ratio: Return relative to maximum drawdown	4.60	5.24	-0.64
Martin ratio: Return relative to average drawdown	17.83	12.71	+5.12

JVAL vs. SCHD - Sharpe Ratio Comparison

The current JVAL Sharpe Ratio is 2.70, which is comparable to the SCHD Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of JVAL 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

JVAL vs. SCHD - Drawdown Comparison

The maximum JVAL drawdown since its inception was -40.42%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for JVAL and SCHD.

Drawdown Indicators

	JVAL	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-40.42%	-33.37%	-7.05%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	-4.61%	-3.87%
Max Drawdown (3Y) Largest decline over 3 years	-20.07%	-16.13%	-3.94%
Max Drawdown (5Y) Largest decline over 5 years	-22.39%	-16.85%	-5.54%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.37%	—
Current Drawdown Current decline from peak	-0.34%	-2.86%	+2.52%
Average Drawdown Average peak-to-trough decline	-5.28%	-3.31%	-1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	1.90%	+0.28%

Volatility

JVAL vs. SCHD - Volatility Comparison

JPMorgan U.S. Value Factor ETF (JVAL) has a higher volatility of 5.69% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.58%. This indicates that JVAL'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

	JVAL	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.69%	3.58%	+2.11%
Volatility (6M) Calculated over the trailing 6-month period	11.00%	7.74%	+3.26%
Volatility (1Y) Calculated over the trailing 1-year period	14.46%	11.09%	+3.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	14.36%	+2.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.84%	16.73%	+3.11%

JVAL vs. SCHD - Expense Ratio Comparison

JVAL 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

JVAL vs. SCHD - Dividend Comparison

JVAL's dividend yield for the trailing twelve months is around 1.72%, less than SCHD's 3.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JVAL JPMorgan U.S. Value Factor ETF	1.72%	2.08%	2.21%	2.43%	2.46%	1.88%	2.55%	2.58%	2.61%	0.45%	0.00%	0.00%
SCHD Schwab U.S. Dividend Equity ETF	3.31%	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 JVAL and SCHD in my portfolio?

JVAL and SCHD have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JVAL or SCHD?

JVAL has higher volatility (5.69%) compared to SCHD (3.58%). In terms of maximum drawdown, JVAL dropped -40.42% vs SCHD's -33.37%.

Which ETF is better, JVAL or SCHD?

On 5-year performance, JVAL leads with 12.93% vs 8.77% for SCHD. On fees, SCHD is cheaper at 0.06% per year. On volatility, SCHD has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JVAL or SCHD?

Over the 5-year period, JVAL has performed better with a 12.93% return vs 8.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JVAL or SCHD?

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

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

SCHD has the higher dividend yield at 3.31%, compared with 1.72% for JVAL.

What is the main difference between JVAL and SCHD?

JVAL is categorized as Large Cap Value Equities, while SCHD is Dividend. JVAL tracks JP Morgan US Value 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 JVAL and 0.06% for SCHD.

Which has better risk-adjusted returns?

JVAL currently has the higher Sharpe Ratio (2.70 vs 2.18), 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.