GVLE vs. SCHV

Last updated Jul 14, 2026

GVLE (Goldman Sachs Value Opportunities ETF) and SCHV (Schwab U.S. Large-Cap Value ETF) are both Large Cap Value Equities funds. GVLE is actively managed, while SCHV is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. GVLE charges 0.45%/yr vs 0.04%/yr for SCHV.

Performance

GVLE vs. SCHV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Value Opportunities ETF (GVLE) 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, GVLE achieves a 15.42% return, which is significantly lower than SCHV's 16.63% return.

GVLE

• 1D: -0.21%
• 1M: 1.91%
• 6M: 12.56%
• YTD: 15.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHV

• 1D: -0.49%
• 1M: -0.27%
• 6M: 12.60%
• YTD: 16.63%
• 1Y: 24.62%
• 3Y*: 17.58%
• 5Y*: 10.87%
• 10Y*: 11.18%

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

GVLE vs. SCHV - Yearly Performance Comparison

	2026 (YTD)	2025
GVLE Goldman Sachs Value Opportunities ETF	15.42%	4.29%
SCHV Schwab U.S. Large-Cap Value ETF	16.63%	2.72%

Correlation

The correlation between GVLE and SCHV is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.91

Return for Risk

GVLE vs. SCHV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GVLE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SCHV

SCHV Risk / Return Rank: 85
SCHV Sharpe Ratio Rank: 86
SCHV Sortino Ratio Rank: 87
SCHV Omega Ratio Rank: 83
SCHV Calmar Ratio Rank: 84
SCHV Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GVLE vs. SCHV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Value Opportunities ETF (GVLE) 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.

	GVLE	SCHV	Difference
Sharpe ratio: Return per unit of total volatility	—	2.20	—
Sortino ratio: Return per unit of downside risk	—	3.14	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	3.62	—
Martin ratio: Return relative to average drawdown	—	14.40	—

Drawdowns

GVLE vs. SCHV - Drawdown Comparison

The maximum GVLE drawdown since its inception was -7.88%, smaller than the maximum SCHV drawdown of -37.08%. Use the drawdown chart below to compare losses from any high point for GVLE and SCHV.

Drawdown Indicators

	GVLE	SCHV	Difference
Max Drawdown Largest peak-to-trough decline	-7.88%	-37.08%	+29.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.83%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.26%	—
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	-0.70%	-1.78%	+1.08%
Average Drawdown Average peak-to-trough decline	-1.22%	-3.81%	+2.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.71%	—

Volatility

Volatility by Period

	GVLE	SCHV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.95%	11.26%	+2.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.95%	14.55%	-0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.95%	16.92%	-2.97%

GVLE vs. SCHV - Expense Ratio Comparison

GVLE has a 0.45% expense ratio, which is higher than SCHV's 0.04% expense ratio.

Dividends

GVLE vs. SCHV - Dividend Comparison

GVLE's dividend yield for the trailing twelve months is around 1.01%, less than SCHV's 1.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GVLE Goldman Sachs Value Opportunities ETF	1.01%	1.16%	0.00%	0.00%	0.00%	0.00%	0.00%	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 GVLE and SCHV in my portfolio?

With a correlation of 0.91, GVLE and SCHV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GVLE or SCHV?

On fees, SCHV is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GVLE or SCHV?

SCHV is cheaper with a 0.04% expense ratio, compared with 0.45% for GVLE.

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

SCHV has the higher dividend yield at 1.78%, compared with 1.01% for GVLE.

What is the main difference between GVLE and SCHV?

They also come from different issuers: Goldman Sachs and Charles Schwab. Their fees differ too: 0.45% for GVLE and 0.04% for SCHV.