PZLV vs. SCHV
PZLV (Pzena U.S. Large Cap Value ETF) and SCHV (Schwab U.S. Large-Cap Value ETF) are both Large Cap Value Equities funds. PZLV is actively managed, while SCHV is passively managed. At a 0.45 correlation, their price movements are largely independent. PZLV charges 0.60%/yr vs 0.04%/yr for SCHV.
Performance
PZLV vs. SCHV - Performance Comparison
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Returns By Period
PZLV
- 1D
- 1.69%
- 1M
- 4.06%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCHV
- 1D
- 0.21%
- 1M
- -1.40%
- 6M
- 10.94%
- YTD
- 15.88%
- 1Y
- 24.62%
- 3Y*
- 17.32%
- 5Y*
- 10.92%
- 10Y*
- 11.10%
PZLV vs. SCHV - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PZLV Pzena U.S. Large Cap Value ETF | 18.94% |
SCHV Schwab U.S. Large-Cap Value ETF | 11.98% |
Correlation
The correlation between PZLV and SCHV is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026 | 0.45 |
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Return for Risk
PZLV vs. SCHV — Risk / Return Rank
PZLV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SCHV
PZLV vs. SCHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pzena U.S. Large Cap Value ETF (PZLV) 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.
| PZLV | SCHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.39 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.62 | — |
| Martin ratioReturn relative to average drawdown | — | 14.27 | — |
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Drawdowns
PZLV vs. SCHV - Drawdown Comparison
The maximum PZLV drawdown since its inception was -2.81%, smaller than the maximum SCHV drawdown of -37.08%. Use the drawdown chart below to compare losses from any high point for PZLV and SCHV.
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Drawdown Indicators
| PZLV | SCHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.81% | -37.08% | +34.27% |
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 DrawdownCurrent decline from peak | 0.00% | -2.41% | +2.41% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -3.81% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.73% | — |
Volatility
PZLV vs. SCHV - Volatility Comparison
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Volatility by Period
| PZLV | SCHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.36% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.85% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.35% | 11.18% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.35% | 14.55% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.35% | 16.91% | -2.56% |
PZLV vs. SCHV - Expense Ratio Comparison
PZLV has a 0.60% expense ratio, which is higher than SCHV's 0.04% expense ratio.
Dividends
PZLV vs. SCHV - Dividend Comparison
PZLV has not paid dividends to shareholders, while SCHV's dividend yield for the trailing twelve months is around 1.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PZLV Pzena U.S. Large Cap Value ETF | 0.00% | 0.00% | 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 | 1.80% | 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
PZLV and SCHV have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SCHV is cheaper with a 0.04% expense ratio, compared with 0.60% for PZLV.
SCHV has the higher dividend yield at 1.80%, compared with 0.00% for PZLV.
They also come from different issuers: Pzena and Charles Schwab. Their fees differ too: 0.60% for PZLV and 0.04% for SCHV.
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