ETF Comparison
JEPQ vs SCHD: Which Is the Better Pick in 2026?
A head-to-head comparison of JPMorgan Nasdaq 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
| JEPQ | SCHD | |
|---|---|---|
| Full name | JPMorgan Nasdaq Equity Premium Income ETF | Schwab U.S. Dividend Equity ETF |
| Issuer | JPMorgan | Schwab |
| Price | $55.52 | $30.51 |
| Distribution yield | 10.58% | 3.30% |
| Expense ratio | 0.35% | 0.06% |
| AUM | $34.6B | $85.9B |
| Distribution frequency | Monthly | Quarterly |
| Underlying index | NASDAQ 100 | 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 | 05/03/2022 | 10/20/2011 |
| Beta | 0.79 | 0.65 |
| Last dividend | $0.56 | $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
JEPQ (JPMorgan Nasdaq 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.
JEPQ offers the higher yield at 10.58% 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: JEPQ is linked to NASDAQ 100 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, JEPQ would generate roughly $88.17/month while SCHD would produce $27.50/month at current distribution rates. Both pay monthly distributions.
Cost & efficiency
Over 10 years on $10,000, JEPQ 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
JEPQ tracks NASDAQ 100 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 0.79 for JEPQ and 0.65 for SCHD, indicating SCHD is less volatile relative to the market.
Fund details
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.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is JEPQ or SCHD better for dividend income?
It depends on your goals. JEPQ 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 JEPQ and SCHD?
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) tracks NASDAQ 100 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 JEPQ 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, JEPQ or SCHD?
JEPQ 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 JEPQ vs SCHD generate?
At current yields, $10,000 in JEPQ would generate roughly $88.17 per month ($1,058.00 annually). The same in SCHD would produce about $27.50 per month ($330.00 annually).
More comparisons to explore
People also compare JEPQ with
People also compare SCHD with
Popular comparisons
Go deeper
Use the full ETF Comparator to add more funds, view radar charts, and generate AI reports.