SCHG vs. JPUS

Last updated Jul 21, 2026

SCHG (Schwab U.S. Large-Cap Growth ETF) and JPUS (JPMorgan Diversified Return US Equity ETF) are both exchange-traded funds - SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while JPUS is a Large Cap Blend Equities fund tracking the JPMorgan Diversified Factor US Equity Index. Both are passively managed. Over the past 10 years, SCHG returned 18.26%/yr vs 11.27%/yr for JPUS. A 0.67 correlation means they provide meaningful diversification when combined. SCHG charges 0.04%/yr vs 0.18%/yr for JPUS.

Performance

SCHG vs. JPUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Large-Cap Growth ETF (SCHG) and JPMorgan Diversified Return US Equity ETF (JPUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHG achieves a 4.93% return, which is significantly lower than JPUS's 14.28% return. Over the past 10 years, SCHG has outperformed JPUS with an annualized return of 18.26%, while JPUS has yielded a comparatively lower 11.27% annualized return.

SCHG

• 1D: -0.09%
• 1M: 0.84%
• 6M: 5.77%
• YTD: 4.93%
• 1Y: 15.31%
• 3Y*: 21.96%
• 5Y*: 13.32%
• 10Y*: 18.26%
• ALL TIME*: 16.37%

JPUS

• 1D: -0.52%
• 1M: 1.73%
• 6M: 9.76%
• YTD: 14.28%
• 1Y: 20.45%
• 3Y*: 14.33%
• 5Y*: 10.09%
• 10Y*: 11.27%
• ALL TIME*: 12.05%

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

SCHG vs. JPUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHG Schwab U.S. Large-Cap Growth ETF	4.93%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	36.02%	-1.36%	28.05%
JPUS JPMorgan Diversified Return US Equity ETF	14.28%	11.18%	13.48%	10.98%	-8.47%	29.09%	7.54%	25.50%	-6.14%	20.58%

Correlation

The correlation between SCHG and JPUS is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015	0.67

Over the past year, the correlation between SCHG and JPUS has dropped to 0.36 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

SCHG vs. JPUS - Sectors Allocation Comparison

Sectors	SCHG	JPUS
Technology	44.0%	10.0%
Communication Services	14.1%	4.4%
Consumer Cyclical	11.2%	8.3%
Healthcare	9.9%	12.3%
Financial Services	7.7%	8.6%
Industrials	7.6%	9.6%
Consumer Defensive	1.9%	11.2%
Basic Materials	1.6%	6.4%
Energy	0.9%	7.2%
Real Estate	0.6%	10.7%
Utilities	0.5%	10.1%

Return for Risk

SCHG vs. JPUS — Risk / Return Rank

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

SCHG

SCHG Risk / Return Rank: 30
SCHG Sharpe Ratio Rank: 34
SCHG Sortino Ratio Rank: 32
SCHG Omega Ratio Rank: 32
SCHG Calmar Ratio Rank: 26
SCHG Martin Ratio Rank: 29

JPUS

JPUS Risk / Return Rank: 81
JPUS Sharpe Ratio Rank: 82
JPUS Sortino Ratio Rank: 84
JPUS Omega Ratio Rank: 79
JPUS Calmar Ratio Rank: 78
JPUS 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.

SCHG vs. JPUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Growth ETF (SCHG) and JPMorgan Diversified Return US Equity ETF (JPUS). 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.

	SCHG	JPUS	Difference
Sharpe ratio: Return per unit of total volatility	0.94	1.98	-1.04
Sortino ratio: Return per unit of downside risk	1.35	2.91	-1.56
Omega ratio: Gain probability vs. loss probability	1.17	1.35	-0.18
Calmar ratio: Return relative to maximum drawdown	0.94	2.98	-2.04
Martin ratio: Return relative to average drawdown	3.00	11.98	-8.98

SCHG vs. JPUS - Sharpe Ratio Comparison

The current SCHG Sharpe Ratio is 0.94, which is lower than the JPUS Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of SCHG and JPUS, 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

SCHG vs. JPUS - Drawdown Comparison

The maximum SCHG drawdown since its inception was -34.59%, smaller than the maximum JPUS drawdown of -38.69%. Use the drawdown chart below to compare losses from any high point for SCHG and JPUS.

Drawdown Indicators

	SCHG	JPUS	Difference
Max Drawdown Largest peak-to-trough decline	-34.59%	-38.69%	+4.10%
Max Drawdown (1Y) Largest decline over 1 year	-16.41%	-6.90%	-9.51%
Max Drawdown (3Y) Largest decline over 3 years	-23.39%	-15.96%	-7.43%
Max Drawdown (5Y) Largest decline over 5 years	-34.59%	-19.04%	-15.55%
Max Drawdown (10Y) Largest decline over 10 years	-34.59%	-38.69%	+4.10%
Current Drawdown Current decline from peak	-3.16%	-0.92%	-2.24%
Average Drawdown Average peak-to-trough decline	-5.19%	-3.78%	-1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.12%	1.71%	+3.41%

Volatility

SCHG vs. JPUS - Volatility Comparison

Schwab U.S. Large-Cap Growth ETF (SCHG) has a higher volatility of 4.47% compared to JPMorgan Diversified Return US Equity ETF (JPUS) at 2.16%. This indicates that SCHG's price experiences larger fluctuations and is considered to be riskier than JPUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHG	JPUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	2.16%	+2.31%
Volatility (6M) Calculated over the trailing 6-month period	12.82%	7.65%	+5.17%
Volatility (1Y) Calculated over the trailing 1-year period	16.43%	10.39%	+6.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.40%	14.45%	+7.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.57%	16.71%	+4.86%

SCHG vs. JPUS - Expense Ratio Comparison

SCHG has a 0.04% expense ratio, which is lower than JPUS's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SCHG vs. JPUS - Dividend Comparison

SCHG's dividend yield for the trailing twelve months is around 0.39%, less than JPUS's 1.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPUS JPMorgan Diversified Return US Equity ETF	1.99%	2.27%	2.12%	2.26%	2.35%	1.67%	1.94%	2.09%	2.16%	1.25%	0.77%	0.48%
SCHG Schwab U.S. Large-Cap Growth ETF	0.39%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Frequently Asked Questions

Can I hold both SCHG and JPUS in my portfolio?

SCHG and JPUS have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHG or JPUS?

SCHG has higher volatility (4.47%) compared to JPUS (2.16%). In terms of maximum drawdown, SCHG dropped -34.59% vs JPUS's -38.69%.

Which ETF is better, SCHG or JPUS?

On 10-year performance, SCHG leads with 18.26% vs 11.27% for JPUS. On fees, SCHG is cheaper at 0.04% per year. On volatility, JPUS has been the lower-risk option at 2.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHG or JPUS?

Over the 10-year period, SCHG has performed better with a 18.26% return vs 11.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHG or JPUS?

SCHG is cheaper with a 0.04% expense ratio, compared with 0.18% for JPUS.

Which ETF pays a higher dividend yield, SCHG or JPUS?

JPUS has the higher dividend yield at 1.99%, compared with 0.39% for SCHG.

What is the main difference between SCHG and JPUS?

SCHG is categorized as Large Cap Growth Equities, while JPUS is Large Cap Blend Equities. SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while JPUS tracks JPMorgan Diversified Factor US Equity Index. They also come from different issuers: Charles Schwab and JPMorgan. Their fees differ too: 0.04% for SCHG and 0.18% for JPUS.

Which has better risk-adjusted returns?

JPUS currently has the higher Sharpe Ratio (1.98 vs 0.94), 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.