SCHP vs. JEPI
SCHP (Schwab U.S. TIPS ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - SCHP is a Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Linked Bond Index (Series-L), while JEPI is a Dividend fund actively managed by JPMorgan. SCHP is passively managed, while JEPI is actively managed. Over the past 5 years, SCHP returned 1.13%/yr vs 7.37%/yr for JEPI. At a 0.19 correlation, their price movements are largely independent. SCHP charges 0.03%/yr vs 0.35%/yr for JEPI.
Performance
SCHP vs. JEPI - Performance Comparison
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Returns By Period
In the year-to-date period, SCHP achieves a 1.61% return, which is significantly higher than JEPI's 0.69% return.
SCHP
- 1D
- 0.00%
- 1M
- 0.05%
- YTD
- 1.61%
- 6M
- 1.25%
- 1Y
- 4.83%
- 3Y*
- 3.99%
- 5Y*
- 1.13%
- 10Y*
- 2.66%
JEPI
- 1D
- 0.54%
- 1M
- -0.71%
- YTD
- 0.69%
- 6M
- 1.05%
- 1Y
- 8.25%
- 3Y*
- 9.05%
- 5Y*
- 7.37%
- 10Y*
- —
SCHP vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SCHP Schwab U.S. TIPS ETF | 1.61% | 6.76% | 1.95% | 3.91% | -12.02% | 5.87% | 5.87% |
JEPI JPMorgan Equity Premium Income ETF | 0.69% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.61% |
Correlation
The correlation between SCHP and JEPI is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since May 22, 2020 | 0.19 |
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Return for Risk
SCHP vs. JEPI — Risk / Return Rank
SCHP
JEPI
SCHP vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. TIPS ETF (SCHP) and JPMorgan Equity Premium Income ETF (JEPI). 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.
| SCHP | JEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.19 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 1.24 | +1.28 |
| Martin ratioReturn relative to average drawdown | 7.67 | 3.96 | +3.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SCHP | JEPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.05 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.67 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 1.02 | -0.51 |
Drawdowns
SCHP vs. JEPI - Drawdown Comparison
The maximum SCHP drawdown since its inception was -14.26%, roughly equal to the maximum JEPI drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for SCHP and JEPI.
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Drawdown Indicators
| SCHP | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.26% | -13.71% | -0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -1.93% | -6.68% | +4.75% |
Max Drawdown (3Y)Largest decline over 3 years | -4.48% | -13.26% | +8.78% |
Max Drawdown (5Y)Largest decline over 5 years | -14.26% | -13.71% | -0.55% |
Max Drawdown (10Y)Largest decline over 10 years | -14.26% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -4.31% | +4.06% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -2.12% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 2.08% | -1.45% |
Volatility
SCHP vs. JEPI - Volatility Comparison
The current volatility for Schwab U.S. TIPS ETF (SCHP) is 0.89%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 1.46%. This indicates that SCHP experiences smaller price fluctuations and is considered to be less risky than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHP | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 1.46% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 6.10% | -3.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.29% | 7.87% | -4.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.12% | 11.06% | -4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.59% | 10.80% | -5.21% |
SCHP vs. JEPI - Expense Ratio Comparison
SCHP has a 0.03% expense ratio, which is lower than JEPI's 0.35% expense ratio.
Dividends
SCHP vs. JEPI - Dividend Comparison
SCHP's dividend yield for the trailing twelve months is around 3.99%, less than JEPI's 8.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEPI JPMorgan Equity Premium Income ETF | 8.23% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHP Schwab U.S. TIPS ETF | 3.99% | 4.06% | 2.99% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.26% | 1.90% | 1.38% | 0.28% |
Frequently Asked Questions
SCHP and JEPI have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEPI has higher volatility (1.46%) compared to SCHP (0.89%). In terms of maximum drawdown, SCHP dropped -14.26% vs JEPI's -13.71%.
On 5-year performance, JEPI leads with 7.37% vs 1.13% for SCHP. On fees, SCHP is cheaper at 0.03% per year. On volatility, SCHP has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JEPI has performed better with a 7.37% return vs 1.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHP is cheaper with a 0.03% expense ratio, compared with 0.35% for JEPI.
JEPI has the higher dividend yield at 8.23%, compared with 3.99% for SCHP.
SCHP is categorized as Inflation-Protected Bonds, while JEPI is Dividend. They also come from different issuers: Charles Schwab and JPMorgan. Their fees differ too: 0.03% for SCHP and 0.35% for JEPI.
SCHP currently has the higher Sharpe Ratio (1.48 vs 1.05), 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.
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