Yea I agree, I have JEPI in my long term acct, sold the QYLD and bought JEPQ, treat them kinda like saving
BRK88, I hear you, but its been an over 10 year period, and it is reasonable to expect at least one significant down year over a 10+ year period I think, I bet it happens on average more than that over the long haul. The fact that SCHD can perform almost as well as SPY in up years, but significantly better in big down years, and thus actually being up versus SPY over a 10+ year period is very big and should not be underrated IMO. Its easy to find equity funds that go up when the market goes up. Its much harder to find them that significantly outperform in the down years.
So, I got one that beats SCHD. Over that same period starting 10/20/11, the QQQs returned 16.92% IRR and a max DD of 35.12%. Versus 13.78% and 33.37% for SCHD, as stated previously. So the QQQ max DD was very slightly worse, but it smoked SCHD to the upside. Kind of surprised about that drawdown not being higher than it is, given the tech/risk profile of the QQQs. But that ETF is a BEAST.
Yes, despite my reduced bullishness on SCHD, I'll stick with it over SPY (or any other ETF) as total returns are only slightly lower in bull markets but provides much better performance in down markets. I think the next 5-10 years could be quite rocky so I'll stay defensive. ***SDY was mentioned in another thread but a quick comparison looks like SCHD is slightly better especially when the market trends higher.
From what I've seen thus far, some mixture of SCHD and the QQQs would be best for a buy and hold. Since the SCHDs perform so much better in down markets, and they perform pretty darn good in up markets, maybe like 30% QQQs and 70% SCHDs would be an overall good mix. But it depends on your risk/reward skew. Thanks again BKR88!!!