SCHV vs. DLN

Last updated Jun 25, 2026

SCHV (Schwab U.S. Large-Cap Value ETF) and DLN (WisdomTree U.S. LargeCap Dividend Fund) are both Large Cap Value Equities funds - SCHV tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index while DLN tracks the WisdomTree U.S. LargeCap Dividend Index. Both are passively managed. Over the past 10 years, SCHV returned 11.85%/yr vs 12.83%/yr for DLN. With a 0.97 correlation, they move nearly in lockstep. SCHV charges 0.04%/yr vs 0.28%/yr for DLN.

Performance

SCHV vs. DLN - Performance Comparison

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

Returns By Period

In the year-to-date period, SCHV achieves a 16.55% return, which is significantly higher than DLN's 9.74% return. Over the past 10 years, SCHV has underperformed DLN with an annualized return of 11.85%, while DLN has yielded a comparatively higher 12.83% annualized return.

SCHV

• 1D: -0.32%
• 1M: 3.12%
• YTD: 16.55%
• 6M: 15.22%
• 1Y: 27.14%
• 3Y*: 18.88%
• 5Y*: 10.91%
• 10Y*: 11.85%

DLN

• 1D: -0.19%
• 1M: -0.14%
• YTD: 9.74%
• 6M: 8.74%
• 1Y: 20.43%
• 3Y*: 18.05%
• 5Y*: 12.34%
• 10Y*: 12.83%

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

SCHV vs. DLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHV Schwab U.S. Large-Cap Value ETF	16.55%	16.02%	14.13%	8.93%	-7.65%	25.58%	2.64%	25.92%	-7.30%	16.56%
DLN WisdomTree U.S. LargeCap Dividend Fund	9.74%	15.53%	19.66%	9.95%	-3.78%	25.60%	4.59%	28.91%	-5.82%	18.22%

Correlation

The correlation between SCHV and DLN 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 (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 11, 2009	0.97

The correlation between SCHV and DLN has been stable across timeframes, ranging from 0.91 to 0.97 - a consistent structural relationship.

SCHV vs. DLN - Sectors Allocation Comparison

Sectors	SCHV	DLN
Technology	22.5%	22.8%
Financial Services	18.6%	17.4%
Industrials	13.6%	7.8%
Healthcare	10.9%	12.6%
Consumer Defensive	8.3%	8.9%
Consumer Cyclical	6.6%	4.9%
Energy	6.4%	7.9%
Utilities	4.2%	5.5%
Real Estate	3.9%	3.9%
Basic Materials	2.7%	1.0%
Communication Services	2.4%	7.5%

Return for Risk

SCHV vs. DLN — Risk / Return Rank

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

SCHV

SCHV Risk / Return Rank: 84
SCHV Sharpe Ratio Rank: 85
SCHV Sortino Ratio Rank: 86
SCHV Omega Ratio Rank: 82
SCHV Calmar Ratio Rank: 82
SCHV Martin Ratio Rank: 85

DLN

DLN Risk / Return Rank: 79
DLN Sharpe Ratio Rank: 80
DLN Sortino Ratio Rank: 82
DLN Omega Ratio Rank: 78
DLN Calmar Ratio Rank: 74
DLN Martin Ratio Rank: 80

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.

SCHV vs. DLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Value ETF (SCHV) and WisdomTree U.S. LargeCap Dividend Fund (DLN). 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	DLN	Difference
Sharpe ratio: Return per unit of total volatility	2.46	2.28	+0.17
Sortino ratio: Return per unit of downside risk	3.48	3.26	+0.22
Omega ratio: Gain probability vs. loss probability	1.43	1.41	+0.02
Calmar ratio: Return relative to maximum drawdown	3.99	3.37	+0.63
Martin ratio: Return relative to average drawdown	16.00	14.09	+1.91

SCHV vs. DLN - Sharpe Ratio Comparison

The current SCHV Sharpe Ratio is 2.46, which is comparable to the DLN Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of SCHV and DLN, 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. DLN - Drawdown Comparison

The maximum SCHV drawdown since its inception was -37.08%, smaller than the maximum DLN drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for SCHV and DLN.

Drawdown Indicators

	SCHV	DLN	Difference
Max Drawdown Largest peak-to-trough decline	-37.08%	-57.84%	+20.76%
Max Drawdown (1Y) Largest decline over 1 year	-6.83%	-6.10%	-0.73%
Max Drawdown (3Y) Largest decline over 3 years	-15.26%	-13.71%	-1.55%
Max Drawdown (5Y) Largest decline over 5 years	-19.78%	-16.26%	-3.52%
Max Drawdown (10Y) Largest decline over 10 years	-37.08%	-35.82%	-1.26%
Current Drawdown Current decline from peak	-1.52%	-1.31%	-0.21%
Average Drawdown Average peak-to-trough decline	-3.82%	-7.50%	+3.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.70%	1.45%	+0.25%

Volatility

SCHV vs. DLN - Volatility Comparison

Schwab U.S. Large-Cap Value ETF (SCHV) has a higher volatility of 4.21% compared to WisdomTree U.S. LargeCap Dividend Fund (DLN) at 2.70%. This indicates that SCHV's price experiences larger fluctuations and is considered to be riskier than DLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHV	DLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	2.70%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	8.76%	6.99%	+1.77%
Volatility (1Y) Calculated over the trailing 1-year period	11.13%	9.01%	+2.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.54%	13.26%	+1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	16.14%	+0.80%

SCHV vs. DLN - Expense Ratio Comparison

SCHV has a 0.04% expense ratio, which is lower than DLN's 0.28% expense ratio.

Dividends

SCHV vs. DLN - Dividend Comparison

SCHV's dividend yield for the trailing twelve months is around 1.75%, less than DLN's 1.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLN WisdomTree U.S. LargeCap Dividend Fund	1.58%	1.90%	2.00%	2.43%	2.53%	2.01%	2.66%	2.51%	2.90%	2.33%	2.64%	2.80%
SCHV Schwab U.S. Large-Cap Value ETF	1.32%	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 DLN in my portfolio?

With a correlation of 0.91, SCHV and DLN 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 DLN?

SCHV has higher volatility (4.21%) compared to DLN (2.70%). In terms of maximum drawdown, SCHV dropped -37.08% vs DLN's -57.84%.

Which ETF is better, SCHV or DLN?

On 10-year performance, DLN leads with 12.83% vs 11.85% for SCHV. On fees, SCHV is cheaper at 0.04% per year. On volatility, DLN has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHV or DLN?

Over the 10-year period, DLN has performed better with a 12.83% return vs 11.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHV or DLN?

SCHV is cheaper with a 0.04% expense ratio, compared with 0.28% for DLN.

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

DLN has the higher dividend yield at 1.80%, compared with 1.75% for SCHV.

What is the main difference between SCHV and DLN?

SCHV tracks Dow Jones U.S. Large-Cap Value Total Stock Market Index, while DLN tracks WisdomTree U.S. LargeCap Dividend Index. They also come from different issuers: Charles Schwab and WisdomTree. Their fees differ too: 0.04% for SCHV and 0.28% for DLN.

Which has better risk-adjusted returns?

SCHV currently has the higher Sharpe Ratio (2.46 vs 2.28), 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.