JEPQ vs SCHD: Differences, Returns & Fees

Over the year to Nov 13, 2026, JEPQ returned +9.5% to SCHD's +37.3%, and SCHD charges 0.06% to JEPQ's 0.35%.

Return gap: +27.8 pts1 year to Nov 13, 2026: SCHD ahead, total return
Fee gap: 0.29 ptsA year: JEPQ 0.35%, SCHD 0.06%, per filings dated Dec 22, 2025 and Oct 19, 2026
Overlap: 4%Share of the two books held in common, holdings dated Nov 12, 2026 and Aug 31, 2026
Net flow: –Needs daily flows for both funds

JEPQ

The answerOne drawing that carries it.

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The evidenceWhy, in charts and cards.

JEPQ and SCHD · 1 year

Growth of 100

JEPQSCHD

Drawn from the numbers on this page. Growth of 100, both funds, distributions reinvested

JEPQ +9.5%SCHD +37.3%

Growth of 100 in JEPQ and SCHD over 1 year, Nov 13, 2025 to Nov 13, 2026, with distributions reinvested. JEPQ ends at 109.5 (+9.5%), SCHD at 137.3 (+37.3%).

JEPQ +9.5%, SCHD +37.3%: SCHD +27.8 pts ahead, 1 year, Nov 13, 2025 to Nov 13, 2026.

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Hypothetical · drag the order size

Cost to trade

Order size $10,000

Hypothetical. A $10,000 order in JEPQ costs about $0.84 one way and $1.68 in and out, at a median spread of 0.016805%. The 0.016805% spread is JEPQ’s 30-day median, from JPMorgan (fund page).

Hypothetical · drag to set

Fees over time

Amount $10,000Years held 10 years

Hypothetical. $10,000 in JEPQ for 10 years at 0.35% a year costs about $583 in fees and lost growth; SCHD at 0.06% would cost $101. Assumes 6% a year before fees, a sample rate, not a forecast.

Key numbers

JEPQ total return, 1 year

+9.5%

SCHD total return, 1 year

+37.3%

JEPQ expense ratio

0.35%

SCHD expense ratio

0.06%

SCHD costs 0.29 points a year less; their one-year returns differ by 27.8 points.

Pair scorecard

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Total return, 1 year	+9.5%	+37.3%
Price change, 1 year	fell 2.7%	rose 32.7%
Latest payout, annualized	11.5%
What it tracks	Benchmark: Nasdaq-100, measured through QQQ	Dow Jones U.S. Dividend 100 Index
Against its benchmark, same days	behind by 2.8 pts
Expense ratio	0.35%	0.06%
Net assets, JEPQ as of Nov 13, 2026 and SCHD as of Aug 31, 2026	$42.1bn	$112.3bn
Holdings in common	4%
In the S&P 500, by weight		94%
Top ten holdings, share of the fund		41.7%

Method

The numbers behind it

Net assets: $42.1bn on Nov 13, 2026 for JPMorgan Nasdaq Equity Premium Income ETF, and $112.3bn on Aug 31, 2026 for Schwab U.S. Dividend Equity ETF.

Holdings in common uses holdings dated Aug 31, 2026 and Nov 12, 2026.

What they share

By the books each fund has filed, JEPQ and SCHD hold 4% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 12, 2026.

0half (50%)100%

half

4% in common

Check overlap with more funds

Held in common

Show all 9 holdings


TEXAS INSTRUMENTS INC	0.92%	3.12%
PEPSICO INC COMMON STOCK	0.73%	3.64%
QUALCOMM INC COMMON STOCK	0.57%	2.52%
AMGEN INC COMMON STOCK	0.47%	4.70%
COMCAST CORP COMMON STOCK	0.41%	2.31%
THE COCA-COLA COMPANY	0.23%	4.16%
BRISTOL-MYERS SQUIBB CO	0.22%	3.32%
UNITEDHEALTH GROUP INC	0.16%	3.82%
UNITED PARCEL SERVICE INC	0.06%	1.89%

Only in JEPQ

Show all 8 holdings


APPLE INC COMMON STOCK	7.20%
NVIDIA CORP COMMON STOCK	5.68%
MICROSOFT CORP COMMON	5.61%
ALPHABET INC-CL C	4.33%
AMAZON.COM INC COMMON	4.23%
ADVANCED MICRO DEVICES	4.00%
MICRON TECHNOLOGY INC	3.90%
META PLATFORMS INC COMMON	2.70%

Only in SCHD

Show all 8 holdings


Merck & Co Inc	4.76%
Abbott Laboratories	4.68%
Chevron Corp	4.01%
Verizon Communications Inc	3.96%
ConocoPhillips	3.93%
Home Depot Inc	3.87%
Procter & Gamble Co	3.83%
Accenture PLC	2.84%

Side by side

Open the table


Fund	JPMorgan Nasdaq Equity Premium Income ETF	Schwab U.S. Dividend Equity ETF
Where it sits	Income ETF	Stock ETF
Issuer	JPMorgan	Schwab
What it is	covered call, vs QQQ	Tracks an index of US dividend
Total return, 1 year	+9.5%	+37.3%
Its benchmark over the same days	+12.3% (QQQ)	not measured
Gap to its benchmark	−2.8 pts vs QQQ	not measured
Cash paid, 1 year	12.0%	not an income fund
Expense ratio	0.35%	0.06%
Holdings	not read by ETFIQ	99
Net assets, JEPQ as of Nov 13, 2026 and SCHD as of Aug 31, 2026	$42.1bn	$112.3bn

JEPQ and SCHD on the fields both publish, as of Nov 13, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.

From May 2022 to Nov 2026, JEPQ returned more: +92.7% to +67.4%. SCHD swung slightly less: 14.5% to 15.8%. SCHD fell less at its worst: −14.4% to −18.5%.

May 13, 2022 to Nov 13, 2026 · 235 weekly returns · 9 measures

Full scorecard

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Total return	+92.7%	+67.4%	JEPQ	Price change plus distributions, reinvested.
Annualized	+15.6%	+12.1%	JEPQ	Total return as a yearly rate.
Price return	+16.3%	+42.0%	SCHD	Price change alone, distributions left out.
Volatility	15.8%	14.5%	SCHD (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	10.8%	10.0%	SCHD (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−18.5%	−14.4%	SCHD	Deepest fall from a high to the low after it.
Sharpe	0.72	0.56	JEPQ	Return above Treasury bills per unit of volatility.
Sortino	1.06	0.81	JEPQ	Return above Treasury bills per unit of downside deviation.
Calmar	0.85	0.84	Tie	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 235 weekly returns. Cash rate: the 13-week Treasury bill.

How the scorecard is measured

About JEPQ

Over the year to Nov 13, 2026, JEPQ paid 12.0% of its starting value in cash distributions while its price fell 2.7%. With every distribution reinvested, the fund returned +9.5%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 2.8 pts. At its price on Nov 13, 2026 the latest distribution annualizes to 11.5%, paid monthly.

About SCHD

SCHD tracks an index of US dividend. Over the year to Nov 13, 2026 it returned +37.3% with distributions reinvested.

The prospectus expense ratio is 0.06% a year. By its holdings filed for Aug 31, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 41.7%.

Questions people ask

Are JEPQ and SCHD in the same category?

JEPQ is an option-income ETF and SCHD is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.

Which returned more over the last year, JEPQ or SCHD?

In the year to Nov 13, 2026, with distributions reinvested, JEPQ returned +9.5% and SCHD +37.3%.

Which is cheaper, JEPQ or SCHD?

SCHD is cheaper, by 0.29 percentage points a year. That is about $29 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

JEPQ vs VYM DGRO vs JEPQ HDV vs JEPQ JEPQ vs SCHG QQQI vs SCHD QYLD vs SCHD GPIQ vs SCHD QDTE vs SCHD Nasdaq-100 (QQQ) JEPQ on its own SCHD on its own Hold both: look the portfolio through Rankings JEPQ dividend history JEPQ holdings SCHD dividend history SCHD holdings Standards and sources

Sources

JEPQ filings on SEC EDGAR JEPQ prospectus with the expense ratio (SEC) JPMorgan website SCHD filings on SEC EDGAR SCHD prospectus with the expense ratio (SEC) Schwab website

Links are sources, not endorsements. A comparison is not a recommendation.

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ETFIQ, JEPQ against SCHD, data as of Nov 13, 2026. https://etfiq.com/compare/any/jepq-vs-schd

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