Data as of Oct 28, 2026.
JEPQ vs SCHG: Differences, Returns & Fees
Over the year to Oct 28, 2026, JEPQ returned +14.2% to SCHG's +6.8%, and SCHG charges 0.04% to JEPQ's 0.35%.
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Net assets: $44.2bn on Oct 28, 2026 for JPMorgan Nasdaq Equity Premium Income ETF, and $63.0bn on Aug 31, 2026 for Schwab U.S. Large-Cap Growth ETF.
Pair scorecard
SCHG costs 0.31 points a year less; their one-year returns differ by 7.4 points.
| Measure | JEPQ | SCHG |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.2% | +6.8% |
| Price change, 1 year | rose 1.6% | rose 6.3% |
| Latest payout, annualized | 11.3% | |
| Drawdown | ||
| Below its high | 3.5%, high on Oct 6, 2026 | |
| Against its benchmark | ||
| What it tracks | Benchmark: Nasdaq-100, measured through QQQ | Dow Jones U.S. Large-Cap Growth Total Stock Market Index |
| Against its benchmark, same days | behind by 1.0 pts | |
| Cost and size | ||
| Expense ratio | 0.35% | 0.04% |
| Net assets, JEPQ as of Oct 28, 2026 and SCHG as of Aug 31, 2026 | $44.2bn | $63.0bn |
| Holdings | ||
| Holdings in common | 48% | |
| In the S&P 500, by weight | 95% | |
| Top ten holdings, share of the fund | 51.0% | |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 28, 2026. Method
Risk and return
May 13, 2022 to Oct 23, 2026 · 232 weekly returnsEach against its own benchmark: JEPQ against QQQ, May 13, 2022 to Oct 23, 2026; SCHG against IVV, Dec 18, 2009 to Oct 23, 2026.
SCHG returned more: +131.2% to +98.5%. JEPQ swung less: 15.6% to 20.8%. JEPQ fell less at its worst: −18.5% to −21.9%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | JEPQ | SCHG | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +98.5% | +131.2% | SCHG | Price change plus distributions, reinvested. |
| Annualized | +16.6% | +20.7% | SCHG | Total return as a yearly rate. |
| Price return | +21.0% | +126.4% | SCHG | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 15.6% | 20.8% | JEPQ | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 10.6% | 13.3% | JEPQ | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −18.5% | −21.9% | JEPQ | Deepest fall from a high to the low after it. |
| Upside capture | 56.8% | 121.1% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 79.0% | 108.1% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.71 | 1.10 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.92 | 0.92 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.78 | 0.80 | Tie | Return above Treasury bills per unit of volatility. |
| Sortino | 1.15 | 1.25 | SCHG (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.173 | 0.138 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.90 | 0.94 | SCHG (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | QQQ | IVV | The ETF each fund is measured against. | |
| Alpha | −0.1% a year | +0.8% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.05 | 0.65 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −4.3% to +4.1% | −1.7% to +3.4% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.68 | 0.40 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 7.7% | 5.5% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 232 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, JEPQ and SCHG hold 48% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 28, 2026.
half
48% in common
Only in one fund ↓
Side by side
JEPQ and SCHG on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
JEPQ and SCHG do different jobs. What does each one do in a portfolio?
- What each follows. JEPQ is measured against Nasdaq-100 through QQQ and SCHG follows Dow Jones U.S. Large-Cap Growth Total Stock Market Index.
- Holdings in common. 48% of the weight is in the same securities (holdings dated Oct 28, 2026 and Aug 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 JEPQ returned +14.2% and SCHG +6.8% with distributions reinvested, a gap of 7.4 points.
Data as of Oct 28, 2026.
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JEPQ
Over the year to Oct 28, 2026, JEPQ paid 11.6% of its starting value in cash distributions while its price rose 1.6%. With every distribution reinvested, the fund returned +14.2%. Nasdaq-100 (QQQ) returned +15.2% over the same days, so a holder was behind by 1.0 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 11.3%, paid monthly.
SCHG
SCHG tracks an index of U.S. Large-Cap Growth. Over the year to Oct 28, 2026 it returned +6.8% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.04% a year. By its holdings filed for Aug 31, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 192 positions, with the top ten at 51.0%. It sat 3.5% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Are JEPQ and SCHG in the same category?
- JEPQ is an option-income ETF and SCHG 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 SCHG?
- In the year to Oct 28, 2026, with distributions reinvested, JEPQ returned +14.2% and SCHG +6.8%.
- Which is cheaper, JEPQ or SCHG?
- SCHG is cheaper, by 0.31 percentage points a year. That is about $31 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, JEPQ against SCHG, data as of Oct 28, 2026. https://etfiq.com/compare/any/jepq-vs-schg
ETFIQ. (Oct 28, 2026). JEPQ against SCHG. Retrieved from https://etfiq.com/compare/any/jepq-vs-schg
[JEPQ against SCHG (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/jepq-vs-schg)
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