ETF Comparison
JEPI vs SCHD: Which Is the Better Pick in 2026?
A head-to-head comparison of JPMorgan Equity Premium Income ETF and Schwab U.S. Dividend Equity ETF covering yield, cost, risk, and income potential.
Data updated April 5, 2026
Side-by-side snapshot
| JEPI | SCHD | |
|---|---|---|
| Full name | JPMorgan Equity Premium Income ETF | Schwab U.S. Dividend Equity ETF |
| Issuer | JPMorgan | Schwab |
| Price | $56.41 | $30.51 |
| Distribution yield | 7.91% | 3.30% |
| Expense ratio | 0.35% | 0.06% |
| AUM | $45.0B | $85.9B |
| Distribution frequency | Monthly | Quarterly |
| Underlying index | SPX | Dow Jones U.S. Dividend 100 Index |
| Objective | 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. |
| Asset class | Equity | Equity |
| Inception date | 05/20/2020 | 10/20/2011 |
| Beta | 0.51 | 0.65 |
| Last dividend | $0.42 | $0.26 |
| Ex-dividend date | 04/01/2026 | 03/25/2026 |
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) and SCHD (Schwab U.S. Dividend Equity ETF) are both popular monthly-pay covered call ETFs, but they take different approaches.
JEPI offers the higher yield at 7.91% vs 3.30% for SCHD. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SCHD is cheaper with an expense ratio of 0.06% compared to 0.35%.
They track different benchmarks: JEPI is linked to SPX while SCHD tracks Dow Jones U.S. Dividend 100 Index, which means their performance drivers differ.
SCHD is the larger fund by assets ($85.9B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, JEPI would generate roughly $65.92/month while SCHD would produce $27.50/month at current distribution rates. Both pay monthly distributions.
Cost & efficiency
Over 10 years on $10,000, JEPI would cost approximately $350 in fees vs $60 for SCHD (simplified, not compounded). The $290.00 difference may be offset by yield or performance.
Strategy & risk
JEPI tracks SPX with a covered call approach, while SCHD tracks Dow Jones U.S. Dividend 100 Index using 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. Beta is 0.51 for JEPI and 0.65 for SCHD, indicating JEPI is less volatile relative to the market.
Fund details
JEPI is managed by JPMorgan (launched 05/20/2020) with $45.0B in assets. SCHD is managed by Schwab (launched 10/20/2011) with $85.9B in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is JEPI or SCHD better for dividend income?
It depends on your goals. JEPI currently offers the higher 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 and SCHD?
JEPI (JPMorgan Equity Premium Income ETF) tracks SPX with a covered call strategy, while 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. approach. They are issued by JPMorgan and Schwab respectively.
Can I hold both JEPI and SCHD?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, JEPI or SCHD?
JEPI has an expense ratio of 0.35% while SCHD charges 0.06%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in JEPI vs SCHD generate?
At current yields, $10,000 in JEPI would generate roughly $65.92 per month ($791.00 annually). The same in SCHD would produce about $27.50 per month ($330.00 annually).
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