How did the same initial investment grow?
From 2020.06.01 to 2026.10.23, an initial $10,000 ended at $25,337 for SCHD and $19,109 for JEPI. Annualized returns were 15.6% and 10.7%, respectively.
SCHD vs JEPI ETF Comparison
Set your investment period and amount to compare the returns, growth and risk of two ETFs.
•••
Key comparison
| Metric | SCHD | JEPI |
|---|---|---|
| Annualized return | +15.6% | +10.7% |
| Final value | $25,337 | $19,109 |
| Volatility (annual) | 15.2% | 10.1% |
| Max drawdown · daily | -16.8% | -13.7% |
| Sharpe Ratio | 0.76 | 0.74 |
| Expense ratio | 0.06% | 0.35% |
How it grew
SCHD has been ahead since 2020.09.
| ETF | Total Return | CAGR | Total invested |
|---|---|---|---|
| SCHD | +153.4% | +15.6% | 10000 |
| JEPI | +91.1% | +10.7% | 10000 |
Worst declines
SCHD fell further and took 715 days to regain its peak.
| Compared portfolios | Max drawdown · daily |
|---|---|
| SCHD | -16.82 |
| JEPI | -13.72 |
Three deepest declines
| Drawdown | Peak date | Trough date | Recovery date |
|---|---|---|---|
| -16.8% | 2022.01.11 | 2022.09.30 | 2023.12.27 |
| -16.1% | 2024.11.29 | 2025.04.08 | 2026.01.08 |
| -10.7% | 2020.06.08 | 2020.06.26 | 2020.08.07 |
| Drawdown | Peak date | Trough date | Recovery date |
|---|---|---|---|
| -13.7% | 2022.04.20 | 2022.09.30 | 2023.06.16 |
| -13.3% | 2025.02.20 | 2025.04.08 | 2025.08.22 |
| -7.1% | 2021.12.31 | 2022.02.23 | 2022.04.08 |
In major sell-offs
Return during each major market decline.
| Event | SCHD | JEPI |
|---|---|---|
| 2022 Rate Hike Bear Market | -14.7% | -12.4% |
Year by year
Over 5 full calendar years, SCHD was higher 2 times and JEPI 3 times.
| Period | SCHD | JEPI |
|---|---|---|
| 2026Partial year | +21.5% | +3.6% |
| 2025 | +4.3% | +8.1% |
| 2024 | +11.7% | +12.6% |
| 2023 | +4.6% | +9.8% |
| 2022 | -3.2% | -3.5% |
| 2021 | +29.9% | +21.5% |
| 2020Partial year | +25.6% | +15.7% |
Risk and recovery
Review drawdowns, downside risk, volatility regimes, and recovery speed.
| Metric | SCHD | JEPI |
|---|---|---|
| Max drawdown · month-end | -15.7% | -13.0% |
| Downside deviation | 2.4% | 1.6% |
| Worst Year | -3.2% | -3.5% |
| Longest drawdown | 715 days | 422 days |
| Average recovery | 101 days | 71 days |
| Ulcer Index | 4.6% | 3.0% |
| Pain index | 3.0% | 1.8% |
| Historical VaR 95% | 6.2% | 3.8% |
| CVaR 95% | 7.4% | 4.9% |
Risk-adjusted and benchmark
Compare excess return, sensitivity, and tracking behavior against the same benchmark.
| Metric | SCHD | JEPI |
|---|---|---|
| Sortino ratio | 1.33 | 1.23 |
| Calmar ratio · 3Y month-end | 1.41 | 1.77 |
| Omega ratio | 1.99 | 2.06 |
| Martin ratio | 3.41 | 3.55 |
| Difference vs benchmark | -1.4% | -6.3% |
| Alpha | +1.2% | -0.4% |
| Information ratio | -0.23 | -0.77 |
| Beta | 0.73 | 0.56 |
| Tracking error | 11.1% | 8.7% |
| Benchmark correlation | 0.74 | 0.84 |
| Up Capture | 79.2% | 54.8% |
| Down Capture | 84.1% | 63.4% |
Period consistency
Check consistency across annual, quarterly, decade, and rolling windows.
| Metric | SCHD | JEPI |
|---|---|---|
| Total Return | +153.4% | +91.1% |
| Win Rate | 60.5% | 65.8% |
| Best Year | +29.9% | +21.5% |
| Gain/Loss Ratio | 1.30 | 1.07 |
| 1-year rolling minimum | -8.1% | -5.4% |
| 1-year positive windows | 80.0% | 90.8% |
| 3-year rolling minimum | +3.7% | +6.0% |
| 3-year positive windows | 100.0% | 100.0% |
| 5-year rolling minimum | +8.5% | +7.2% |
| 5-year positive windows | 100.0% | 100.0% |
| 1-year rolling Sharpe minimum | -0.69 | -0.39 |
| 1-year rolling Sharpe average | 0.67 | 0.76 |
| 1-year rolling Sharpe maximum | 2.81 | 2.66 |
Period return comparison
Check consistency across annual, quarterly, decade, and rolling windows.
| Period | SCHD | JEPI |
|---|---|---|
| 2026 Q4partial | +8.4% | +1.7% |
| 2026 Q3 | +3.4% | +1.5% |
| 2026 Q2 | +4.2% | +1.9% |
| 2026 Q1 | +12.8% | +0.2% |
| 2025 Q4 | +1.5% | +2.9% |
| 2025 Q3 | +4.0% | +2.5% |
| 2025 Q2 | -4.3% | +2.1% |
| 2025 Q1 | +3.3% | +0.4% |
| 2024 Q4 | -2.1% | -0.7% |
| 2024 Q3 | +9.7% | +6.9% |
| 2024 Q2 | -2.5% | -0.2% |
| 2024 Q1 | +6.7% | +6.4% |
| 2023 Q4 | +8.7% | +5.6% |
| 2023 Q3 | -1.7% | -1.5% |
| 2023 Q2 | +0.2% | +3.7% |
| 2023 Q1 | -2.3% | +1.8% |
| 2022 Q4 | +14.8% | +10.9% |
| 2022 Q3 | -6.4% | -4.8% |
| 2022 Q2 | -8.3% | -7.3% |
| 2022 Q1 | -1.7% | -1.5% |
| 2021 Q4 | +9.7% | +8.7% |
| 2021 Q3 | -1.0% | +0.0% |
| 2021 Q2 | +4.5% | +6.1% |
| 2021 Q1 | +14.5% | +5.4% |
| 2020 Q4 | +17.1% | +8.5% |
| 2020 Q3 | +7.9% | +7.2% |
| 2020 Q2partial | -0.6% | -0.5% |
| Period | SCHD | JEPI |
|---|---|---|
| 2020spartial | +15.6% | +10.6% |
Return characteristics
Compare monthly distributions, momentum, asymmetry, and seasonality.
| Metric | SCHD | JEPI |
|---|---|---|
| Skewness | 0.12 | -0.11 |
| Excess kurtosis | -0.12 | -0.22 |
| Longest winning streak | 7 | 10 |
| Longest losing streak | 4 | 3 |
| Average monthly return | +1.2% | +0.9% |
| Monthly return autocorrelation | -0.16 | -0.25 |
| 1M momentum | -6.0% | -1.6% |
| 3M momentum | +3.4% | +1.5% |
| 6M momentum | +7.7% | +3.5% |
| 12M momentum | +23.3% | +6.7% |
| Worst 5% | -6.1% | -3.8% |
| Median | +1.4% | +1.7% |
| Best 5% | +8.5% | +5.6% |
- ETF2 Up / ETF1 Down
- 7
- Both Up
- 44
- Both Down
- 22
- ETF1 Up / ETF2 Down
- 4
- Total
- 77 months
Holdings and costs
Holdings, weights, yield and how much data each result used.
| Metric | SCHD | JEPI |
|---|---|---|
| Holdings | 1 | 1 |
| Effective holdings | 1.00 | 1.00 |
| Largest weight | 100.0% | 100.0% |
| Weighted dividend yield | 2.99% | 8.03% |
| Monthly observations | 76 | 76 |
Effective holdings measures weight concentration. It does not represent overlap among the ETFs' underlying holdings.
Questions about these results
When were the deepest drawdowns and recoveries?
SCHD: peak 2022.01.11, trough 2022.09.30, drawdown -16.8%, recovery 2023.12.27. JEPI: peak 2022.04.20, trough 2022.09.30, drawdown -13.7%, recovery 2023.06.16.
How did the results differ during market crises?
During 2022 Rate Hike Bear Market, returns were -14.7% for SCHD and -12.4% for JEPI.
What are the expense ratios and annual costs?
Weighted expense ratios are 0.06% for SCHD and 0.35% for JEPI. Applied to the initial $10,000, estimated annual costs are $6 and $35.
What are the dividend yields and their basis?
The yields are 2.99% for SCHD and 8.03% for JEPI. They use distributions from the last 365 days divided by the last closing price and do not predict future distributions.
How similarly do the two portfolios move?
The correlation of shared monthly returns is 0.85: they mostly moved in the same direction.