JEPI vs SCHD
JPMorgan Equity Premium Income ETF vs Schwab U.S. Dividend Equity ETF
Last updated: 2026-04-02
JPMorgan Equity Premium Income ETF (JEPI) is an exchange-traded fund that provides exposure to us covered call securities. It charges an above-average expense ratio of 0.35%. The fund offers a high dividend yield of 8.44%. Launched in 2020, the fund has a 6-year track record.
Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund issued by Schwab that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a low expense ratio of 0.06%. The fund offers an attractive dividend yield of 3.46%. Launched in 2011, the fund has a 15-year track record.
Quick Verdict
SCHD is significantly cheaper at 0.06% vs 0.35% expense ratio, saving you approximately $570 per $10,000 invested over 10 years. Over the past year, SCHD has significantly outperformed with a 9.5% return vs -0.6%. Income investors may prefer JEPI for its higher yield (8.4% vs 3.5%).
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
1 of top 10 holdings overlap (10% overlap in top holdings)
JEPI Top Holdings
| Name | Weight |
|---|---|
| Johnson & JohnsonJNJ | 1.76% |
| Ross Stores, Inc.ROST | 1.72% |
| EOG Resources, Inc.EOG | 1.70% |
| NextEra Energy, Inc.NEE | 1.65% |
| Howmet Aerospace Inc.HWM | 1.60% |
| AbbVie Inc.ABBV | 1.57% |
| RTX CorporationRTX | 1.52% |
| Walmart Inc.WMT | 1.44% |
| PepsiCo, Inc.PEP | 1.44% |
| Eaton Corporation plcETN | 1.44% |
SCHD Top Holdings
| Name | Weight |
|---|---|
| Chevron CorporationCVX | 4.66% |
| ConocoPhillipsCOP | 4.33% |
| Merck & Co., Inc.MRK | 4.08% |
| Verizon Communications Inc.VZ | 4.03% |
| The Coca-Cola CompanyKO | 3.98% |
| Texas Instruments IncorporatedTXN | 3.86% |
| PepsiCo, Inc.PEP | 3.83% |
| Amgen Inc.AMGN | 3.78% |
| Abbott LaboratoriesABT | 3.78% |
| The Procter & Gamble CompanyPG | 3.70% |
Which One Should You Choose?
Choose SCHD if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose SCHD if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Choose JEPI if...
you prioritize dividend income and want higher regular distributions from your portfolio.