JPEF vs SCHX
JPMorgan Equity Focus ETF vs Schwab US Large-Cap ETF
Which is better, JPEF or SCHX?
Nearly the same fund. SCHX costs less.
SCHX has a lower expense ratio. SCHX led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. SCHX is less concentrated, with 36.9% of the fund in its ten largest positions against 45.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | JPEF | SCHX |
|---|---|---|
| Expense Ratio | 0.44% | 0.03%Best |
| AUM | $2.1B | $75.3B |
| Dividend Yield | 0.64% | 1.04% |
| Holdings | 84 | 752 |
| YTD Return | +9.64% | +13.08%Best |
| 1Y Return | +11.56% | +16.62%Best |
| 3Y Return (annualized) | +19.60% | +22.27%Best |
| 5Y Return (annualized) | - | +12.56% |
| Volatility (annualized) | 12.3%Best | 12.8% |
| Max Drawdown | -18.1%Best | -19.0% |
| $10,000 over 3.2 years | $16,604 | $17,415Best |
| Top 10 Weight | 45.8% | 36.9%Best |
| Fund Family | J.P. Morgan Asset Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 10, 2023 | Nov 3, 2009 |
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jul 31, 2023 to Oct 14, 2026 (3.2 years).
JPEF vs SCHX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.2 years both funds cover.
JPEF vs SCHX Performance
JPMorgan Equity Focus ETF (JPEF) is an ETF from J.P. Morgan Asset Management and Schwab US Large-Cap ETF (SCHX) is an ETF from Charles Schwab Asset Management. Over the past year JPEF returned +11.56% while SCHX returned +16.62%. Year to date, JPEF is up 9.64% versus a gain of 13.08% for SCHX.
Over three years, JPEF compounded at +19.60% per year against +22.27% for SCHX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHX has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 12.3% for JPEF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.1% for JPEF and -19.0% for SCHX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JPEF charges 0.44% per year while SCHX charges 0.03%. On a $10,000 position that is $44 vs $3 annually, a gap of $41 per year that compounds over a long holding period. On income, JPEF currently yields 0.64% against 1.04% for SCHX.
Holdings Overlap
94.3% of JPEF's money is in holdings SCHX also owns. 41.4% of SCHX's money is in holdings JPEF also owns.
Most of JPEF is already inside SCHX. Owning both mostly buys the same companies twice.
38 positions in common, counted across the 41 positions we hold weights for in JPEF and 752 in SCHX, against full books of 84 and 752.
What only one of them owns
Our book lists 691 positions for SCHX that do not appear in our book for JPEF (57.8% of the fund), and 2 for JPEF that do not appear in SCHX (4.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in JPEF | Weight in SCHX | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 9.59% | 8.02% | 1.57% |
| AAPLApple Inc | 5.69% | 6.90% | 1.21% |
| MSFTMicrosoft Corp_None_0 | 5.05% | 5.44% | 0.39% |
| GOOGAlphabet, Inc.- Cl C | 6.33% | 2.29% | 4.04% |
| AMZNAmazon.Com Inc | 4.50% | 3.50% | 1.00% |
| AVGOBroadcom Inc | 2.80% | 2.40% | 0.40% |
| METAMeta Platforms, Inc. | 2.36% | 2.28% | 0.08% |
| AMDAdvanced Micro Devices Inc. | 2.74% | 1.47% | 1.27% |
| MUMicron Technology, Inc. | 2.45% | 1.72% | 0.73% |
| JNJJohnson & Johnson - Common | 3.24% | 0.87% | 2.37% |
94.3% of JPEF is already inside SCHX.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JPEF or SCHX?
JPEF has an expense ratio of 0.44% while SCHX charges 0.03%. SCHX is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, JPEF or SCHX?
Over the past year JPEF returned +11.56% vs +16.62% for SCHX, so SCHX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JPEF or SCHX?
SCHX has been the more volatile fund at 12.8% annualized versus 12.3% for JPEF. Worst drawdown: JPEF -18.1% vs SCHX -19.0%.
Should I hold both JPEF and SCHX?
JPEF and SCHX have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between JPEF and SCHX?
94.3% of JPEF's money is in holdings SCHX also owns. 41.4% of SCHX's is in holdings JPEF also owns. They hold 38 positions in common, counted across the 41 positions we hold weights for in JPEF and 752 in SCHX.
Which pays a higher dividend, JPEF or SCHX?
JPEF yields 0.64% while SCHX yields 1.04%, so SCHX currently pays the higher dividend yield.
Is SCHX better than JPEF?
SCHX has a lower expense ratio. SCHX led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. SCHX is less concentrated, with 36.9% of the fund in its ten largest positions against 45.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.