Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
SCHD tops the group over the trailing twelve months with a 24.24% total return, against JEPI at 6.92% and JEPQ at 19.73%. Across the 3-year window, JEPQ has the strongest compounding at 21.60% a year. Figures are total returns: price change plus every distribution reinvested.
Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 30, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since May 2022” measures every fund from May 4, 2022 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Taxable account or Roth
Metric
JEPI
JEPQ
SCHD
Forward distribution rate
7.93%
13.37%
3.28%
Payout frequency
Monthly
Monthly
Quarterly
1-year dividend growth
-1.12%
4.48%
2.80%
JEPI and JEPQ are covered-call equity-income funds. A large share of that income is often taxed as ordinary income, so a Roth account shelters it. SCHD is a dividend-equity fund; qualified dividends can matter in a taxable account. This page does not classify each payout.
Side-by-side snapshot
Side-by-side snapshot. Each row is one metric;
each column is one fund.
Seeks monthly income and lower volatility than the broad U.S. large-cap market by combining an actively managed portfolio of equities with equity-linked notes that sell call options on the S&P 500 Index.
Seeks monthly income by combining an actively managed portfolio of equities drawn largely from the Nasdaq-100 Index with equity-linked notes that sell call options on that benchmark.
Seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Dividend 100 Index, which measures the performance of high dividend yielding stocks issued by U.S. companies with a record of consistently paying dividends, selected for fundamental strength relative to their peers based on financial ratios.
Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.
Capped upside and premium dependence. JEPQ generates income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
JPMorgan is a major provider of ETFs spanning multiple asset classes and strategies, with particular strength in income-focused funds including their popular covered call strategy lineup. Their fund family encompasses broad categories including bond, equity, factor, income, index, international, municipal, and sector ETFs, providing investors with diverse exposure options across markets and investment styles. The issuer offers both core indexed strategies and actively managed solutions, serving investors seeking everything from traditional dividend income to sophisticated factor-based and thematic approaches.
See our curated list of related YouTube videos on JEPI and JEPQ.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Schwab is a major provider of low-cost, broad-based ETFs known for making investing accessible to individual investors through its discount brokerage platform. The issuer's fund lineup spans multiple categories including core index funds, dividend and income-focused strategies, factor-based approaches, international exposure, fixed income, and digital assets, with popular core holdings like SCHB (U.S. broad market) and SCHD (dividend appreciation) alongside more specialized thematic offerings. Schwab's ETF suite is characterized by its breadth across asset classes and investment styles, competitive expense ratios, and integration with its retail brokerage ecosystem.
See our curated list of related YouTube videos on SCHD.
JEPI (JPMorgan Equity Premium Income ETF), JEPQ (JPMorgan Nasdaq Equity Premium Income ETF), SCHD (Schwab U.S. Dividend Equity ETF) are dividend ETFs that take different approaches.
JEPQ offers the highest reported yield at 13.37%, followed by JEPI at 7.93%, SCHD at 3.28%.
SCHD is the cheapest with an expense ratio of 0.06%, compared to 0.35% for JEPI and 0.35% for JEPQ.
SCHD is the largest fund by assets ($110B), but assets alone do not establish trading costs or liquidity.
Still deciding? Track JEPI, JEPQ & SCHD for free
Create a free Dividend Vision account to keep them on a watchlist, get notified when they declare dividends, and see how much income they would add to your portfolio.
On a $10,000 investment: JEPI generates ~$66.08 cash per distribution, JEPQ generates ~$111.42 cash per distribution, SCHD generates ~$82.00 cash per distribution at current distribution rates.
JEPI yield7.93%
JEPQ yield13.37%
SCHD yield3.28%
Cost & efficiency
Over 10 years on $10,000: JEPI costs ~$350, JEPQ costs ~$350, SCHD costs ~$60 in fees (simplified, not compounded).
JEPI ER0.35%
JEPQ ER0.35%
SCHD ER0.06%
Strategy & risk
JEPI is an actively managed ETF built around a derivative overlay strategy; JEPQ is actively managed around Nasdaq-100 exposure with a covered call approach; SCHD tracks Dow Jones U.S. Dividend 100 Index.
JEPI beta0.43
JEPQ beta0.81
SCHD beta0.56
Fund details
JEPI is managed by JPMorgan (launched 05/20/2020) with $45.7B in assets. JEPQ is managed by JPMorgan (launched 05/03/2022) with $43.9B in assets. SCHD is managed by Schwab (launched 10/20/2011) with $110B in assets.
Do us a favor — if you found this comparison useful, please share it with a friend researching dividend ETFs.
Frequently asked questions
Should JEPI, JEPQ, and SCHD sit in a taxable account or a Roth?
JEPI and JEPQ are covered-call equity income, at 7.93% and 13.37%. A large share of that income is often ordinary, so a Roth shelters it. SCHD is dividend equity at 3.28% (Quarterly), and qualified dividends can matter in a taxable account. One-year dividend growth is -1.12%, 4.48%, and 2.80%. This page does not classify each payout. Figures are as of September 2026.
Which of JEPI, JEPQ, SCHD is best for dividend income?
It depends on your goals. JEPQ currently offers the highest reported distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility, and funds without an established distribution history have no comparable yield to evaluate. Consider your time horizon and risk tolerance.
What is the difference between JEPI, JEPQ, SCHD?
JEPI (JPMorgan Equity Premium Income ETF) is an actively managed ETF built around a derivative overlay strategy, issued by JPMorgan. JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) is actively managed around Nasdaq-100 exposure with a covered call approach, issued by JPMorgan. SCHD (Schwab U.S. Dividend Equity ETF) tracks Dow Jones U.S. Dividend 100 Index, issued by Schwab.
Can I hold JEPI, JEPQ, SCHD together?
Yes — nothing prevents holding them together. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which of JEPI, JEPQ and SCHD is safest?
By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — SCHD scores 100, JEPQ scores 90, JEPI scores 75, so SCHD's payout currently looks the more resilient of the group. JEPI has also shown lower price volatility (beta 0.43 vs 0.81 for JEPQ). No score makes an investment risk-free — treat this as a screening signal, not a guarantee, and the leverage, options-income, or crypto caveats flagged on this page apply regardless of score.
Which has the lowest fees among JEPI, JEPQ, SCHD?
JEPI has an expense ratio of 0.35%, JEPQ has an expense ratio of 0.35%, SCHD has an expense ratio of 0.06%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 generate in each?
$10,000 in JEPI yields ~$66.08 cash per distribution ($793.00/year). $10,000 in JEPQ yields ~$111.42 cash per distribution ($1,337.00/year). $10,000 in SCHD yields ~$82.00 cash per distribution ($328.00/year).
Explore related screeners
Lateral filters that include these funds — browse the full peer set on DividendVision.
Still deciding? Compare them against your own portfolio
See how each ETF fits alongside your real holdings — forecast future income, analyze overlap, and gauge risk. Start a free 7-day Dividend Vision trial and make the call with your full portfolio in view.
