SCHV vs. DFLV

Last updated Aug 6, 2026

SCHV (Schwab U.S. Large-Cap Value ETF) and DFLV (Dimensional US Large Cap Value ETF) are both Large Cap Value Equities funds. SCHV is passively managed, while DFLV is actively managed. Over the past 3 years, SCHV returned 17.94%/yr vs 18.72%/yr for DFLV. Their 0.95 correlation means they have historically moved very closely together. SCHV charges 0.04%/yr vs 0.22%/yr for DFLV.

Performance

SCHV vs. DFLV - Performance Comparison

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

Returns By Period

In the year-to-date period, SCHV achieves a 18.71% return, which is significantly lower than DFLV's 21.70% return.

SCHV

• 1D: -0.20%
• 1M: 0.90%
• 6M: 11.27%
• YTD: 18.71%
• 1Y: 27.62%
• 3Y*: 17.94%
• 5Y*: 10.85%
• 10Y*: 11.38%
• ALL TIME*: 11.74%

DFLV

• 1D: -0.13%
• 1M: 3.77%
• 6M: 13.78%
• YTD: 21.70%
• 1Y: 34.69%
• 3Y*: 18.72%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.91%

*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)
DFLV Dimensional US Large Cap Value ETF	$28.52M	$29.26M	$30.59M
SCHV Schwab U.S. Large-Cap Value ETF	$119.32M	$108.82M	$118.82M

SCHV vs. DFLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SCHV Schwab U.S. Large-Cap Value ETF	18.71%	16.02%	14.13%	8.93%	-0.91%
DFLV Dimensional US Large Cap Value ETF	21.70%	15.90%	12.88%	12.31%	-0.94%

Correlation

The correlation between SCHV and DFLV is 0.93, 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.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (All Time) Calculated using the full available price history since Dec 7, 2022	0.95

The correlation between SCHV and DFLV has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

SCHV vs. DFLV - Sectors Allocation Comparison

Sectors	SCHV	DFLV
Technology	22.9%	11.4%
Financial Services	18.7%	22.2%
Industrials	13.9%	13.5%
Healthcare	11.2%	14.5%
Consumer Defensive	8.1%	4.4%
Consumer Cyclical	6.5%	7.4%
Energy	5.8%	14.4%
Utilities	4.3%	-
Real Estate	3.9%	0.4%
Basic Materials	2.5%	6.8%
Communication Services	2.1%	4.7%

Return for Risk

SCHV vs. DFLV — Risk / Return Rank

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

SCHV

SCHV Risk / Return Rank: 90
SCHV Sharpe Ratio Rank: 90
SCHV Sortino Ratio Rank: 91
SCHV Omega Ratio Rank: 88
SCHV Calmar Ratio Rank: 89
SCHV Martin Ratio Rank: 90

DFLV

DFLV Risk / Return Rank: 95
DFLV Sharpe Ratio Rank: 96
DFLV Sortino Ratio Rank: 95
DFLV Omega Ratio Rank: 95
DFLV Calmar Ratio Rank: 96
DFLV Martin Ratio Rank: 96

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.

SCHV vs. DFLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Value ETF (SCHV) and Dimensional US Large Cap Value ETF (DFLV). 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.

	SCHV	DFLV	Difference
Sharpe ratio: Return per unit of total volatility	2.44	3.12	-0.69
Sortino ratio: Return per unit of downside risk	3.47	4.32	-0.84
Omega ratio: Gain probability vs. loss probability	1.44	1.57	-0.13
Calmar ratio: Return relative to maximum drawdown	4.06	6.36	-2.30
Martin ratio: Return relative to average drawdown	15.73	23.54	-7.81

SCHV vs. DFLV - Sharpe Ratio Comparison

The current SCHV Sharpe Ratio is 2.44, which is comparable to the DFLV Sharpe Ratio of 3.12. The chart below compares the historical Sharpe Ratios of SCHV and DFLV, 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

SCHV vs. DFLV - Drawdown Comparison

The maximum SCHV drawdown since its inception was -37.08%, which is greater than DFLV's maximum drawdown of -16.80%. Use the drawdown chart below to compare losses from any high point for SCHV and DFLV.

Drawdown Indicators

	SCHV	DFLV	Difference
Max Drawdown Largest peak-to-trough decline	-37.08%	-16.80%	-20.28%
Max Drawdown (1Y) Largest decline over 1 year	-6.83%	-5.48%	-1.35%
Max Drawdown (3Y) Largest decline over 3 years	-15.26%	-16.80%	+1.54%
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	-0.20%	-0.13%	-0.07%
Average Drawdown Average peak-to-trough decline	-3.80%	-2.95%	-0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	1.48%	+0.28%

Volatility

SCHV vs. DFLV - Volatility Comparison

Schwab U.S. Large-Cap Value ETF (SCHV) has a higher volatility of 3.52% compared to Dimensional US Large Cap Value ETF (DFLV) at 2.53%. This indicates that SCHV's price experiences larger fluctuations and is considered to be riskier than DFLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHV	DFLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	2.53%	+0.99%
Volatility (6M) Calculated over the trailing 6-month period	9.09%	8.02%	+1.07%
Volatility (1Y) Calculated over the trailing 1-year period	11.38%	11.16%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.55%	14.06%	+0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	14.06%	+2.88%

SCHV vs. DFLV - Expense Ratio Comparison

SCHV has a 0.04% expense ratio, which is lower than DFLV's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SCHV vs. DFLV - Dividend Comparison

SCHV's dividend yield for the trailing twelve months is around 1.75%, more than DFLV's 1.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFLV Dimensional US Large Cap Value ETF	1.34%	1.61%	1.65%	1.72%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHV Schwab U.S. Large-Cap Value ETF	1.75%	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 SCHV and DFLV in my portfolio?

With a correlation of 0.93, SCHV and DFLV 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 is riskier, SCHV or DFLV?

SCHV has higher volatility (3.52%) compared to DFLV (2.53%). In terms of maximum drawdown, SCHV dropped -37.08% vs DFLV's -16.80%.

Which ETF is better, SCHV or DFLV?

On 3-year performance, DFLV leads with 18.72% vs 17.94% for SCHV. On fees, SCHV is cheaper at 0.04% per year. On volatility, DFLV has been the lower-risk option at 2.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHV or DFLV?

Over the 3-year period, DFLV has performed better with a 18.72% return vs 17.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHV or DFLV?

SCHV is cheaper with a 0.04% expense ratio, compared with 0.22% for DFLV.

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

SCHV has the higher dividend yield at 1.75%, compared with 1.34% for DFLV.

What is the main difference between SCHV and DFLV?

They also come from different issuers: Charles Schwab and Dimensional. Their fees differ too: 0.04% for SCHV and 0.22% for DFLV.

Which has better risk-adjusted returns?

DFLV currently has the higher Sharpe Ratio (3.12 vs 2.44), 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.