ETF Comparison
JEPI vs JEPQ vs SCHD vs VYM: Which Is the Better Pick in 2026?
A side-by-side comparison of JPMorgan Equity Premium Income ETF, JPMorgan Nasdaq Equity Premium Income ETF, Schwab U.S. Dividend Equity ETF and Vanguard High Dividend Yield Index Fund ETF Shares covering yield, cost, risk, and income potential.
Data updated April 5, 2026
Side-by-side snapshot
| JEPI | JEPQ | SCHD | VYM | |
|---|---|---|---|---|
| Full name | JPMorgan Equity Premium Income ETF | JPMorgan Nasdaq Equity Premium Income ETF | Schwab U.S. Dividend Equity ETF | Vanguard High Dividend Yield Index Fund ETF Shares |
| Issuer | JPMorgan | JPMorgan | Schwab | Vanguard |
| Price | $56.41 | $55.52 | $30.51 | $147.95 |
| Distribution yield | 7.91% | 10.58% | 3.30% | 2.26% |
| Expense ratio | 0.35% | 0.35% | 0.06% | 0.04% |
| AUM | $45.0B | $34.6B | $85.9B | $92.3B |
| Distribution frequency | Monthly | Monthly | Quarterly | Quarterly |
| Underlying index | SPX | NASDAQ 100 | Dow Jones U.S. Dividend 100 Index | Basket (Vanguard High Dividend Yield ETF holdings) |
| Objective | Covered Call | Covered Call | 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. | Seeks to track the performance of the FTSE High Dividend Yield Index, which offers exposure to dividend-paying large-cap companies that exhibit value characteristics within the U.S. equity market. The index includes stocks with a history of paying above-average dividends. |
| Asset class | Equity | Equity | Equity | Equity |
| Inception date | 05/20/2020 | 05/03/2022 | 10/20/2011 | 11/10/2006 |
| Beta | 0.51 | 0.79 | 0.65 | 0.74 |
| Last dividend | $0.42 | $0.56 | $0.26 | $0.86 |
| Ex-dividend date | 04/01/2026 | 04/01/2026 | 03/25/2026 | 03/20/2026 |
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
JEPI (JPMorgan Equity Premium Income ETF), JEPQ (JPMorgan Nasdaq Equity Premium Income ETF), SCHD (Schwab U.S. Dividend Equity ETF), VYM (Vanguard High Dividend Yield Index Fund ETF Shares) are popular dividend ETFs that take different approaches.
JEPQ offers the highest yield at 10.58%, followed by JEPI at 7.91%, SCHD at 3.30%, VYM at 2.26%.
VYM is the cheapest with an expense ratio of 0.04%, compared to 0.06% for SCHD and 0.35% for JEPI and 0.35% for JEPQ.
VYM is the largest fund by assets ($92.3B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment: JEPI generates ~$65.92/month, JEPQ generates ~$88.17/month, SCHD generates ~$27.50/month, VYM generates ~$18.83/month at current distribution rates.
Cost & efficiency
Over 10 years on $10,000: JEPI costs ~$350, JEPQ costs ~$350, SCHD costs ~$60, VYM costs ~$40 in fees (simplified, not compounded).
Strategy & risk
JEPI tracks SPX with a covered call approach; JEPQ tracks NASDAQ 100 with a covered call approach; SCHD tracks Dow Jones U.S. Dividend 100 Index with a 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. approach; VYM tracks Basket (Vanguard High Dividend Yield ETF holdings) with a seeks to track the performance of the ftse high dividend yield index, which offers exposure to dividend-paying large-cap companies that exhibit value characteristics within the u.s. equity market. the index includes stocks with a history of paying above-average dividends. approach.
Fund details
JEPI is managed by JPMorgan (launched 05/20/2020) with $45.0B in assets. JEPQ is managed by JPMorgan (launched 05/03/2022) with $34.6B in assets. SCHD is managed by Schwab (launched 10/20/2011) with $85.9B in assets. VYM is managed by Vanguard (launched 11/10/2006) with $92.3B in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Which of JEPI, JEPQ, SCHD, and VYM is best for dividend income?
It depends on your goals. JEPQ currently offers the highest distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between JEPI, JEPQ, SCHD, and VYM?
JEPI (JPMorgan Equity Premium Income ETF) tracks SPX with a covered call strategy, issued by JPMorgan. JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) tracks NASDAQ 100 with a covered call strategy, issued by JPMorgan. SCHD (Schwab U.S. Dividend Equity ETF) tracks Dow Jones U.S. Dividend 100 Index with a 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. strategy, issued by Schwab. VYM (Vanguard High Dividend Yield Index Fund ETF Shares) tracks Basket (Vanguard High Dividend Yield ETF holdings) with a seeks to track the performance of the ftse high dividend yield index, which offers exposure to dividend-paying large-cap companies that exhibit value characteristics within the u.s. equity market. the index includes stocks with a history of paying above-average dividends. strategy, issued by Vanguard.
Can I hold JEPI, JEPQ, SCHD, and VYM together?
Yes. Many income investors hold multiple dividend ETFs to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has the lowest fees among JEPI, JEPQ, SCHD, and VYM?
JEPI has an expense ratio of 0.35%, JEPQ has an expense ratio of 0.35%, SCHD has an expense ratio of 0.06%, VYM has an expense ratio of 0.04%. 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 ~$65.92/month ($791.00/year). $10,000 in JEPQ yields ~$88.17/month ($1,058.00/year). $10,000 in SCHD yields ~$27.50/month ($330.00/year). $10,000 in VYM yields ~$18.83/month ($226.00/year).
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