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Data Reference · Updated 2026-07-05

JEPI vs SCHD: covered-call income vs dividend-growth ETF

JPMorgan Equity Premium Income ETF (JEPI) vs Schwab U.S. Dividend Equity ETF (SCHD) — expense ratio, net assets, and top holdings compared from SEC filings.

Key takeaway

SCHD is the cheaper fund (0.06% vs 0.35% expense ratio), and SCHD is the larger fund ($85.90B net assets). And their disclosed top-10 holdings share 1 name — overlapping at the top, but not interchangeable.

Not investment advice. Figures are sourced from SEC filings and are current as of the dates cited below, not real-time.

JEPI

Price
$56.76
Net Assets
$43.96B
Expense Ratio
0.35%
Beta
0.45
Holdings
120

SCHD

Price
$32.4
Net Assets
$85.90B
Expense Ratio
0.06%
Beta
0.58
Holdings
101

What the filings show

  • SCHD's 0.06% expense ratio undercuts JEPI's 0.35% — on a $10,000 position that's roughly $29 per year less in fees, before any difference in returns.
  • SCHD runs a larger asset base ($85.90B vs $43.96B), which tends to mean tighter bid-ask spreads.
  • SCHD concentrates its portfolio in fewer names (101 holdings vs JEPI's 120).
  • 1 name (PepsiCo Inc) appears in both funds' top 10 holdings.

Top 10 holdings, both funds

Sort by:
HoldingJohnson & Johnson
FundJEPI
% of Net Assets1.74%
HoldingRoss Stores, Inc.
FundJEPI
% of Net Assets1.71%
HoldingEOG Resources, Inc.
FundJEPI
% of Net Assets1.69%
HoldingNextEra Energy, Inc.
FundJEPI
% of Net Assets1.64%
HoldingHowmet Aerospace, Inc.
FundJEPI
% of Net Assets1.59%
HoldingAbbVie, Inc.
FundJEPI
% of Net Assets1.56%
HoldingRTX Corp.
FundJEPI
% of Net Assets1.51%
HoldingWalmart, Inc.
FundJEPI
% of Net Assets1.43%
HoldingPepsiCo, Inc.
FundJEPI
% of Net Assets1.43%
HoldingEaton Corp. plc
FundJEPI
% of Net Assets1.43%
HoldingLockheed Martin Corp
FundSCHD
% of Net Assets4.82%
HoldingConocoPhillips
FundSCHD
% of Net Assets4.32%
HoldingVerizon Communications Inc
FundSCHD
% of Net Assets4.31%
HoldingChevron Corp
FundSCHD
% of Net Assets4.31%
HoldingBristol-Myers Squibb Co
FundSCHD
% of Net Assets4.28%
HoldingMerck & Co Inc
FundSCHD
% of Net Assets4.24%
HoldingAltria Group Inc
FundSCHD
% of Net Assets4.14%
HoldingTexas Instruments Inc
FundSCHD
% of Net Assets4.06%
HoldingCoca-Cola Co/The
FundSCHD
% of Net Assets4.03%
HoldingPepsiCo Inc
FundSCHD
% of Net Assets4.01%

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Sources