FBCV vs. SCHV

Last updated Aug 4, 2026

FBCV (Fidelity Blue Chip Value ETF) and SCHV (Schwab U.S. Large-Cap Value ETF) are both Large Cap Value Equities funds. FBCV is actively managed, while SCHV is passively managed. Over the past 5 years, FBCV returned 10.70%/yr vs 10.74%/yr for SCHV. Their correlation of 0.92 means they have usually moved in the same direction. FBCV charges 0.57%/yr vs 0.04%/yr for SCHV.

Performance

FBCV vs. SCHV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Blue Chip Value ETF (FBCV) 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, FBCV achieves a 19.30% return, which is significantly higher than SCHV's 16.84% return.

FBCV

• 1D: 1.05%
• 1M: 4.49%
• 6M: 14.03%
• YTD: 19.30%
• 1Y: 34.48%
• 3Y*: 16.46%
• 5Y*: 10.70%
• 10Y*: —
• ALL TIME*: 14.85%

SCHV

• 1D: 0.62%
• 1M: -0.44%
• 6M: 10.28%
• YTD: 16.84%
• 1Y: 26.65%
• 3Y*: 17.32%
• 5Y*: 10.74%
• 10Y*: 11.20%
• ALL TIME*: 11.64%

*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)
FBCV Fidelity Blue Chip Value ETF	$777.37K	$549.15K	$439.38K
SCHV Schwab U.S. Large-Cap Value ETF	$123.13M	$109.65M	$118.87M

FBCV vs. SCHV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FBCV Fidelity Blue Chip Value ETF	19.30%	16.36%	10.26%	5.45%	-2.26%	26.18%	17.93%
SCHV Schwab U.S. Large-Cap Value ETF	16.84%	16.02%	14.13%	8.93%	-7.65%	25.58%	16.42%

Correlation

The correlation between FBCV and SCHV is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.92

The correlation between FBCV and SCHV shifts across timeframes, from 0.82 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

FBCV vs. SCHV - Sectors Allocation Comparison

Sectors	FBCV	SCHV
Financial Services	19.5%	18.7%
Technology	18.0%	22.9%
Healthcare	13.2%	11.2%
Consumer Cyclical	12.4%	6.5%
Industrials	12.0%	13.9%
Consumer Defensive	8.7%	8.1%
Energy	7.3%	5.8%
Communication Services	3.5%	2.1%
Basic Materials	2.9%	2.5%
Utilities	1.8%	4.3%
Real Estate	0.7%	3.9%

Return for Risk

FBCV vs. SCHV — Risk / Return Rank

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

FBCV

FBCV Risk / Return Rank: 95
FBCV Sharpe Ratio Rank: 97
FBCV Sortino Ratio Rank: 96
FBCV Omega Ratio Rank: 95
FBCV Calmar Ratio Rank: 94
FBCV Martin Ratio Rank: 95

SCHV

SCHV Risk / Return Rank: 91
SCHV Sharpe Ratio Rank: 91
SCHV Sortino Ratio Rank: 92
SCHV Omega Ratio Rank: 90
SCHV Calmar Ratio Rank: 90
SCHV Martin Ratio Rank: 91

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.

FBCV vs. SCHV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Blue Chip Value ETF (FBCV) 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.

	FBCV	SCHV	Difference
Sharpe ratio: Return per unit of total volatility	3.26	2.37	+0.89
Sortino ratio: Return per unit of downside risk	4.72	3.37	+1.35
Omega ratio: Gain probability vs. loss probability	1.59	1.42	+0.17
Calmar ratio: Return relative to maximum drawdown	4.92	3.92	+1.00
Martin ratio: Return relative to average drawdown	20.60	15.18	+5.42

FBCV vs. SCHV - Sharpe Ratio Comparison

The current FBCV Sharpe Ratio is 3.26, which is higher than the SCHV Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of FBCV 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

FBCV vs. SCHV - Drawdown Comparison

The maximum FBCV drawdown since its inception was -15.55%, smaller than the maximum SCHV drawdown of -37.08%. Use the drawdown chart below to compare losses from any high point for FBCV and SCHV.

Drawdown Indicators

	FBCV	SCHV	Difference
Max Drawdown Largest peak-to-trough decline	-15.55%	-37.08%	+21.53%
Max Drawdown (1Y) Largest decline over 1 year	-7.04%	-6.83%	-0.21%
Max Drawdown (3Y) Largest decline over 3 years	-14.32%	-15.26%	+0.94%
Max Drawdown (5Y) Largest decline over 5 years	-15.55%	-19.78%	+4.23%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.08%	—
Current Drawdown Current decline from peak	0.00%	-1.61%	+1.61%
Average Drawdown Average peak-to-trough decline	-3.37%	-3.80%	+0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	1.76%	-0.08%

Volatility

FBCV vs. SCHV - Volatility Comparison

Fidelity Blue Chip Value ETF (FBCV) and Schwab U.S. Large-Cap Value ETF (SCHV) have volatilities of 3.10% and 3.08%, 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

	FBCV	SCHV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.10%	3.08%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	7.94%	8.96%	-1.02%
Volatility (1Y) Calculated over the trailing 1-year period	10.64%	11.30%	-0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.77%	14.54%	-0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.64%	16.94%	-2.30%

FBCV vs. SCHV - Expense Ratio Comparison

FBCV has a 0.57% expense ratio, which is higher than SCHV's 0.04% expense ratio.

Dividends

FBCV vs. SCHV - Dividend Comparison

FBCV's dividend yield for the trailing twelve months is around 2.41%, more than SCHV's 1.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBCV Fidelity Blue Chip Value ETF	2.41%	2.95%	1.75%	1.68%	2.01%	3.13%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHV Schwab U.S. Large-Cap Value ETF	1.78%	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 FBCV and SCHV in my portfolio?

FBCV and SCHV have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBCV or SCHV?

FBCV has higher volatility (3.10%) compared to SCHV (3.08%). In terms of maximum drawdown, FBCV dropped -15.55% vs SCHV's -37.08%.

Which ETF is better, FBCV or SCHV?

On 5-year performance, SCHV leads with 10.74% vs 10.70% for FBCV. 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, FBCV or SCHV?

Over the 5-year period, SCHV has performed better with a 10.74% return vs 10.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FBCV or SCHV?

SCHV is cheaper with a 0.04% expense ratio, compared with 0.57% for FBCV.

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

FBCV has the higher dividend yield at 2.41%, compared with 1.78% for SCHV.

What is the main difference between FBCV and SCHV?

They also come from different issuers: Fidelity and Charles Schwab. Their fees differ too: 0.57% for FBCV and 0.04% for SCHV.

Which has better risk-adjusted returns?

FBCV currently has the higher Sharpe Ratio (3.26 vs 2.37), 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.