DVAL vs. SCHV

Last updated Aug 2, 2026

DVAL (BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF) and SCHV (Schwab U.S. Large-Cap Value ETF) are both Large Cap Value Equities funds. DVAL is actively managed, while SCHV is passively managed. Over the past 3 years, DVAL returned 12.37%/yr vs 16.46%/yr for SCHV. Their correlation of 0.90 means they have usually moved in the same direction. DVAL charges 0.49%/yr vs 0.04%/yr for SCHV.

Performance

DVAL vs. SCHV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF (DVAL) and Schwab U.S. Large-Cap Value ETF (SCHV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVAL achieves a 13.26% return, which is significantly lower than SCHV's 16.12% return.

DVAL

• 1D: 0.33%
• 1M: 2.88%
• 6M: 8.79%
• YTD: 13.26%
• 1Y: 18.55%
• 3Y*: 12.37%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.11%

SCHV

• 1D: -0.26%
• 1M: -1.05%
• 6M: 10.52%
• YTD: 16.12%
• 1Y: 25.88%
• 3Y*: 16.46%
• 5Y*: 10.57%
• 10Y*: 11.24%
• ALL TIME*: 11.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DVAL BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF	$286.13K	$154.34K	$233.85K
SCHV Schwab U.S. Large-Cap Value ETF	$128.10M	$109.56M	$118.29M

DVAL vs. SCHV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DVAL BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF	13.26%	8.74%	12.84%	8.73%	1.56%
SCHV Schwab U.S. Large-Cap Value ETF	16.12%	16.02%	14.13%	8.93%	1.84%

Correlation

The correlation between DVAL and SCHV is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (All Time) Calculated using the full available price history since Oct 31, 2022	0.90

The correlation between DVAL and SCHV shifts across timeframes, from 0.78 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

DVAL vs. SCHV - Sectors Allocation Comparison

Sectors	DVAL	SCHV
Financial Services	32.9%	18.7%
Industrials	14.1%	13.9%
Technology	14.0%	22.9%
Consumer Cyclical	10.1%	6.5%
Healthcare	9.4%	11.2%
Communication Services	9.3%	2.1%
Energy	5.5%	5.8%
Consumer Defensive	4.3%	8.1%
Utilities	0.3%	4.3%
Basic Materials	0.1%	2.5%
Real Estate	-	3.9%

Return for Risk

DVAL vs. SCHV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DVAL

DVAL Risk / Return Rank: 73
DVAL Sharpe Ratio Rank: 71
DVAL Sortino Ratio Rank: 74
DVAL Omega Ratio Rank: 66
DVAL Calmar Ratio Rank: 78
DVAL Martin Ratio Rank: 75

SCHV

SCHV Risk / Return Rank: 89
SCHV Sharpe Ratio Rank: 90
SCHV Sortino Ratio Rank: 90
SCHV Omega Ratio Rank: 88
SCHV Calmar Ratio Rank: 89
SCHV Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DVAL vs. SCHV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF (DVAL) and Schwab U.S. Large-Cap Value ETF (SCHV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DVAL	SCHV	Difference
Sharpe ratio: Return per unit of total volatility	1.63	2.21	-0.58
Sortino ratio: Return per unit of downside risk	2.41	3.15	-0.74
Omega ratio: Gain probability vs. loss probability	1.28	1.39	-0.11
Calmar ratio: Return relative to maximum drawdown	2.79	3.66	-0.87
Martin ratio: Return relative to average drawdown	9.36	14.19	-4.84

DVAL vs. SCHV - Sharpe Ratio Comparison

The current DVAL Sharpe Ratio is 1.63, which is comparable to the SCHV Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of DVAL and SCHV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DVAL vs. SCHV - Drawdown Comparison

The maximum DVAL drawdown since its inception was -18.11%, smaller than the maximum SCHV drawdown of -37.08%. Use the drawdown chart below to compare losses from any high point for DVAL and SCHV.

Drawdown Indicators

	DVAL	SCHV	Difference
Max Drawdown Largest peak-to-trough decline	-18.11%	-37.08%	+18.97%
Max Drawdown (1Y) Largest decline over 1 year	-6.20%	-6.83%	+0.63%
Max Drawdown (3Y) Largest decline over 3 years	-18.11%	-15.26%	-2.85%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.78%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.08%	—
Current Drawdown Current decline from peak	-0.80%	-2.21%	+1.41%
Average Drawdown Average peak-to-trough decline	-3.50%	-3.81%	+0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	1.76%	+0.08%

Volatility

DVAL vs. SCHV - Volatility Comparison

BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF (DVAL) and Schwab U.S. Large-Cap Value ETF (SCHV) have volatilities of 3.03% and 3.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVAL	SCHV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	3.01%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	7.73%	8.94%	-1.21%
Volatility (1Y) Calculated over the trailing 1-year period	10.61%	11.35%	-0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.11%	14.53%	-0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.11%	16.93%	-2.82%

DVAL vs. SCHV - Expense Ratio Comparison

DVAL has a 0.49% expense ratio, which is higher than SCHV's 0.04% expense ratio.

Dividends

DVAL vs. SCHV - Dividend Comparison

DVAL's dividend yield for the trailing twelve months is around 1.77%, less than SCHV's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVAL BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF	1.77%	2.00%	2.82%	1.16%	13.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHV Schwab U.S. Large-Cap Value ETF	1.79%	2.02%	2.25%	2.42%	2.37%	1.93%	3.03%	3.02%	3.05%	2.37%	2.65%	2.69%

Frequently Asked Questions

Can I hold both DVAL and SCHV in my portfolio?

DVAL and SCHV have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVAL or SCHV?

DVAL has higher volatility (3.03%) compared to SCHV (3.01%). In terms of maximum drawdown, DVAL dropped -18.11% vs SCHV's -37.08%.

Which ETF is better, DVAL or SCHV?

On 3-year performance, SCHV leads with 16.46% vs 12.37% for DVAL. On fees, SCHV is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVAL or SCHV?

Over the 3-year period, SCHV has performed better with a 16.46% return vs 12.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVAL or SCHV?

SCHV is cheaper with a 0.04% expense ratio, compared with 0.49% for DVAL.

Which ETF pays a higher dividend yield, DVAL or SCHV?

SCHV has the higher dividend yield at 1.79%, compared with 1.77% for DVAL.

What is the main difference between DVAL and SCHV?

They also come from different issuers: BrandywineGLOBAL and Charles Schwab. Their fees differ too: 0.49% for DVAL and 0.04% for SCHV.

Which has better risk-adjusted returns?

SCHV currently has the higher Sharpe Ratio (2.21 vs 1.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.