ETF Versus

SCHV vs SPYV

Schwab U.S. Large-Cap Value ETF vs State Street SPDR Portfolio S&P 500 Value ETF

Last updated: 2026-04-10

SCHV Schwab

Schwab U.S. Large-Cap Value ETF (SCHV) is an exchange-traded fund issued by Schwab that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.90%. Launched in 2009, the fund has a 17-year track record.

AUM: $15.3B ER: 0.04% Yield: 1.90% Since: Dec 11, 2009
SPYV SPDR

State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is an exchange-traded fund issued by SPDR that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.78%. Launched in 2000, the fund has a 26-year track record.

AUM: $32.5B ER: 0.04% Yield: 1.78% Since: Sep 25, 2000

Quick Verdict

Over the past year, SCHV has significantly outperformed with a 28.9% return vs 22.8%.

Key Metrics

Metric SCHV SPYV
Expense Ratio 0.04% 0.04%
Dividend Yield 1.9% 1.8%
Fund Family Schwab SPDR
Category US Large Cap Value US Large Cap Value

Performance Chart

Indexed to 100 at start (5-year comparison)

85 99 113 127 141 155 2021-04 2022-07 2023-10 2025-01 2026-04
SCHV +42.1%
SPYV +49.5%

Performance Comparison

Period SCHV SPYV Difference
1 Month +1.60% +0.45% +1.15%
3 Months +2.83% -0.64% +3.47%
6 Months +9.62% +5.61% +4.01%
YTD +5.48% +1.47% +4.01%
1 Year +28.88% +22.77% +6.11%
3 Years +43.16% +41.94% +1.22%
5 Years +42.06% +49.47% -7.41%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SCHV Fees SPYV Fees You Save
$10,000 10 years $80 $80 $0
$10,000 20 years $344 $344 $0
$10,000 30 years $1,112 $1,112 $0
$50,000 10 years $399 $399 $0
$50,000 30 years $5,560 $5,560 $0
$100,000 30 years $11,121 $11,121 $0

Risk Metrics

Based on 5 years of daily returns

Metric SCHV SPYV
Annualized Volatility 14.6% 14.4%
Max Drawdown -21.1% -19.1%
Sharpe Ratio 0.25 0.32

Dividend Comparison

Metric SCHV SPYV
Annual Dividend (per share) $0.60 $1.03
Dividend Yield 1.90% 1.78%
Distribution Frequency Quarterly Quarterly

Top Holdings

4 of top 10 holdings overlap (40% overlap in top holdings)

SCHV Top Holdings

NameWeight
Berkshire Hathaway Inc.BRK.B3.09%
JPMorgan Chase & Co.JPM2.83%
Exxon Mobil CorporationXOM2.42%
Johnson & JohnsonJNJ2.03%
Walmart Inc.WMT1.89%
Micron Technology, Inc.MU1.50%
Chevron CorporationCVX1.33%
AbbVie Inc.ABBV1.29%
Caterpillar Inc.CAT1.19%
Bank of America CorporationBAC1.18%

SPYV Top Holdings

NameWeight
Apple Inc.AAPL6.89%
Amazon.com, Inc.AMZN3.68%
Exxon Mobil CorporationXOM2.37%
Walmart Inc.WMT2.02%
Costco Wholesale CorporationCOST1.66%
Tesla, Inc.TSLA1.33%
Chevron CorporationCVX1.31%
Bank of America CorporationBAC1.25%
The Procter & Gamble CompanyPG1.22%
The Home Depot, Inc.HD1.21%

Which One Should You Choose?

Choose SCHV if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Either works if...

you just need broad us large cap value exposure. Both are solid options — pick whichever your brokerage offers commission-free.

Related Comparisons