At a glance
SCHV charges 0.04% a year, below the 0.12% average of the 8 funds most like it (the cheapest of 9). It has $15.67B in assets, the 6th largest of that group; it paid 1.82% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +22.4% with distributions reinvested (S&P 500: +11.5%), 5th of those 9 funds; over three years it returned +20.3% a year. At its worst it fell 36.6% in the 2020 crash (S&P 500: 33.7%) and 19.8% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 8 months and 16 months after the lows. Its ten largest positions make up 20.3% of the fund, out of 555 in all.
The short version
Schwab U.S. Large-Cap Value ETF (SCHV) is an index fund that tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index. As of August 31, 2026, it held about 555 large U.S. "value" companies, led by Micron Technology, JPMorgan Chase and Berkshire Hathaway. Its 0.04% yearly expense ratio ties Vanguard Value ETF (VTV) as the lowest among similar funds, where the average is 0.12%.
Price history
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SCHV +22.4% over the year to Nov 2, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| SCHV official prospectus, to Dec 31, 2024 | — | +14.02% | — | +8.12% | +8.77% | — |
| SCHV price data to Nov 2, 2026 | +18.8% | +22.4% | +20.3% | +10.2% | +11.7% | +10.9% |
- Over the year to Nov 2, 2026, SCHV returned +22.4%, 5th of 9 among similar funds.
- Its 5-year annualized return was +10.2% and its 10-year +11.7%.
- In the 2020 COVID crash it fell 36.6% and regained its old high 8.4 months after the low.
- Its worst full calendar year was 2022 (-7.6%); its best was 2013 (+29.0%).
- The deepest fall in its price history was 37.1% (Jan 17, 2020 to Mar 23, 2020), recovered by Dec 4, 2020.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +18.8% | — |
| 2025 | +16.1% | — |
| 2024 | +14.1% | +14.02% |
| 2023 | +8.9% | +8.90% |
| 2022 | -7.6% | -7.58% |
| 2021 | +25.6% | +25.47% |
| 2020 | +2.7% | +2.62% |
| 2019 | +25.9% | +26.04% |
| 2018 | -7.3% | -7.24% |
| 2017 | +16.6% | +16.52% |
| 2016 | +16.5% | +16.43% |
| 2015 | -2.0% | -1.09% |
| 2014 | +9.2% | — |
| 2013 | +29.0% | — |
| 2012 | +12.8% | — |
| 2011 | +1.7% | — |
| 2010 | +13.0% | — |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 36.6% over that stretch · deepest drop along the way 36.6%, back to its old high 8.4 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 18% over that stretch · deepest drop along the way 19.8%, back to its old high 16 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.4600 | |
| 2025 | $0.6100 | +3.4% |
| 2024 | $0.5900 | +4.7% |
| 2023 | $0.5633 | +7.6% |
| 2022 | $0.5233 | +10.6% |
| 2021 | $0.4733 | -21.5% |
| 2020 | $0.6033 | 0.0% |
| 2019 | $0.6033 | +20.7% |
| 2018 | $0.5000 | +15.4% |
| 2017 | $0.4333 | +2.4% |
| 2016 | $0.4233 | +65.7% |
| 2015 | $0.2554 | +118.9% |
| 2014 | $0.1167 | +18.6% |
| 2013 | $0.0984 | -4.8% |
| 2012 | $0.1034 | +25.0% |
| 2011 | $0.0827 | +14.7% |
| 2010 | $0.0721 |
What's inside
As of Aug 31, 2026, the fund held 555 securities; the ten largest made up 20.34% of assets.
| Holding | Weight | |
|---|---|---|
| Micron Technology Inc | 3.40% | |
| JPMorgan Chase & Co | 3.00% | |
| Berkshire Hathaway Inc | 2.91% | |
| ExxonMobil Holdings Corp | 2.10% | |
| Johnson & Johnson | 2.01% | |
| Walmart Inc | 1.45% | |
| AbbVie Inc | 1.43% | |
| Intel Corp | 1.39% | |
| Cisco Systems Inc | 1.37% | |
| Bank of America Corp | 1.27% | |
| Chevron Corp | 1.22% | |
| Lam Research Corp | 1.19% | |
| Caterpillar Inc | 1.16% | |
| Merck & Co Inc | 1.15% | |
| Applied Materials Inc | 1.15% |
By country
United States 94.57%Ireland 2.94%Switzerland 0.65%Bermuda 0.31%Curaçao 0.28%By asset type
Stocks 99.77%By sector
Sectors of the companies held, for the 77.8% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors withdrew a net $304.8M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +4.20%, -2.21%, +1.32%.
How it works
SCHV is run by Schwab Asset Management. It aims to match the total return of the Dow Jones U.S. Large-Cap Value Total Stock Market Index, before fees. The index starts with the 750 largest companies in the broader Dow Jones U.S. Total Stock Market Index, ranked by full market value. It then keeps those it classifies as "value" based on several factors. Value stocks are generally shares that look cheap compared with measures such as a company's earnings or assets.
The index is weighted by market capitalization (a company's total stock market value), so bigger companies count for more. It is also capped: every quarter, weights are trimmed so no single stock or group of stocks breaks the diversification rules that apply to the fund. In the months between rebalances, the index runs a second check on those limits. The index had 528 stocks as of August 31, 2025. Portfolio turnover was a low 7%.
The fund must keep at least 90% of its net assets in index stocks. Up to 10% can go elsewhere, for example into stocks expected to join the index or into futures contracts that keep spare cash invested. Futures positions were tiny as of August 31, 2026. The fund may also lend its shares to other investors for a fee. It uses no leverage and no options.
What it really costs
- SCHV charges 0.04% a year, versus an average of 0.12% for the similar funds below (1st of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $4 in the first year and $51 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| SCHV | $4 | $13 | $23 | $51 |
In a retirement portfolio
Its very low cost and spread across about 555 large U.S. companies can anchor the stock side of a portfolio, though it covers only the value half of the large-company market.
SCHV launched in December 2009, so it has no record from the 2008 financial crisis. In the 2020 COVID crash it lost 36.6% and got back to its old high by December 4, 2020, about 8.4 months later. Its deepest drop was 37.1%, from January 17 to March 23, 2020. In the 2022 bear market it fell 19.8% and needed about 16 months to recover, until January 2024. Yet its worst calendar year, 2022, was a loss of just 7.6%. Anyone forced to sell during those slides would have locked in losses. Its income is modest: the trailing 12-month yield was 1.8% as of October 29, 2026, paid quarterly. Costs are low. Under the SEC's standard example, $10,000 would cost about $4 in the first year. Past results don't predict future returns, and a retirement plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Cost-focused investors who want large U.S. value stocks for 0.04% a year, tied with VTV for the lowest among similar funds.
- Investors seeking a tilt toward banks, energy and health care through companies such as JPMorgan Chase, ExxonMobil and Johnson & Johnson.
- Long-term holders who want broad diversification. No single stock topped 3.5% as of August 31, 2026, and the 10 largest holdings made up about 20%.
Look elsewhere if
- Income seekers who need high payouts. The trailing yield was 1.8% as of October 29, 2026, which is modest next to dividend-focused funds.
- Investors who want the whole U.S. market. SCHV holds only value stocks and can lag when fast-growing companies lead the market.
- Anyone who may need to sell in a slump. It fell 37.1% in early 2020 and took 16 months to recover after the 2022 drop.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| SCHV this fund | — | 0.04% | $15.67B | +22.4% | +20.3% |
| VTV Vanguard Value ETF | 74% | 0.04% | $254.48B | +25.4% | +22.3% |
| VOOV Vanguard S&P 500 Value ETF | 66% | 0.07% | $7.00B | +15.0% | +19.7% |
| XMAG Defiance Large Cap ex-Mag 7 ETF | 66% | 0.35% | $184.0M | +15.0% | — |
| GVUS Marketbeta Russell 1000 Value Equity ETF | 65% | 0.12% | $416.9M | +26.6% | — |
| VONV Vanguard Russell 1000 Value ETF | 65% | 0.07% | $23.88B | +29.0% | +23.6% |
| IWD iShares Russell 1000 Value ETF | 64% | 0.19% | $79.74B | +28.8% | +22.2% |
| VYM Vanguard High Dividend Yield Index ETF | 64% | 0.06% | $99.19B | +19.1% | +21.2% |
Questions investors ask
What's the difference between SCHV and VTV?
They are very similar but follow different indexes. Both charge 0.04% a year, and about 74% of their holdings overlap. SCHV tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index. VTV is far larger, with $254.5 billion in net assets as of June 30, 2026, compared with $15.7 billion for SCHV as of August 31, 2026. As of October 29, 2026, VTV returned 25.6% over one year against SCHV's 23.1%. Over three years their annualized returns were close: 22.9% and 22.4%.
Does SCHV pay dividends?
Yes, SCHV pays dividends every quarter. Over the 12 months to October 29, 2026, it paid about $0.63 per share, a trailing yield of 1.8%. Those payouts come from the dividends paid by the roughly 555 large U.S. companies the fund holds, such as JPMorgan Chase, ExxonMobil and Johnson & Johnson. The amount changes from quarter to quarter because the companies' own dividends change.
What is SCHV's expense ratio?
SCHV's expense ratio is 0.04% a year, according to its prospectus filed December 22, 2025. That is $4 a year for every $10,000 invested, and it ranks as the cheapest of the nine similar funds compared, where the average is 0.12%. The SEC's standard example assumes $10,000 and a 5% yearly return. On that basis, costs would total about $4 after one year, $13 after three years, $23 after five years and $51 after ten years.
What are SCHV's top holdings?
As of August 31, 2026, SCHV's largest holdings were Micron Technology (3.4%), JPMorgan Chase (3.0%), Berkshire Hathaway (2.9%), ExxonMobil (2.1%) and Johnson & Johnson (2.0%). Walmart, AbbVie, Intel, Cisco and Bank of America rounded out the top 10. Together the top 10 made up about 20% of the fund, spread across about 555 holdings. Financials were the largest sector, followed by technology.
How has SCHV performed over the long term?
SCHV has produced solid long-term gains, with some sharp drops along the way. Its prospectus reports average annual returns of 14.02% over one year, 8.12% over five years and 8.77% over ten years, as of December 31, 2024. Based on share prices, it returned 11.7% a year over the ten years to October 29, 2026. Its worst quarter was a 25.77% loss in early 2020, and its worst calendar year was 2022, at minus 7.58%.