SCHV vs. IVE

Last updated Aug 5, 2026

SCHV (Schwab U.S. Large-Cap Value ETF) and IVE (iShares S&P 500 Value ETF) are both Large Cap Value Equities funds - SCHV tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index while IVE tracks the S&P 500 Value Index. Both are passively managed. Over the past 10 years, SCHV returned 11.40%/yr vs 11.80%/yr for IVE. Their 0.97 correlation means they have historically moved very closely together. SCHV charges 0.04%/yr vs 0.18%/yr for IVE.

Performance

SCHV vs. IVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Large-Cap Value ETF (SCHV) and iShares S&P 500 Value ETF (IVE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHV achieves a 18.95% return, which is significantly higher than IVE's 11.98% return. Both investments have delivered pretty close results over the past 10 years, with SCHV having a 11.40% annualized return and IVE not far ahead at 11.80%.

SCHV

• 1D: 1.81%
• 1M: 1.37%
• 6M: 11.85%
• YTD: 18.95%
• 1Y: 27.74%
• 3Y*: 18.02%
• 5Y*: 11.02%
• 10Y*: 11.40%
• ALL TIME*: 11.76%

IVE

• 1D: 1.11%
• 1M: 2.38%
• 6M: 8.47%
• YTD: 11.98%
• 1Y: 21.98%
• 3Y*: 15.04%
• 5Y*: 11.71%
• 10Y*: 11.80%
• ALL TIME*: 7.70%

*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)
IVE iShares S&P 500 Value ETF	$170.82M	$149.86M	$232.01M
SCHV Schwab U.S. Large-Cap Value ETF	$120.04M	$108.23M	$118.50M

SCHV vs. IVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHV Schwab U.S. Large-Cap Value ETF	18.95%	16.02%	14.13%	8.93%	-7.65%	25.58%	2.64%	25.92%	-7.30%	16.56%
IVE iShares S&P 500 Value ETF	11.98%	13.02%	12.03%	22.07%	-5.41%	24.72%	1.22%	31.62%	-9.22%	15.24%

Correlation

The correlation between SCHV and IVE is 0.84, 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.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.96
Correlation (All Time) Calculated using the full available price history since Dec 11, 2009	0.97

The correlation between SCHV and IVE shifts across timeframes, from 0.84 (1 year) to 0.97 (all time), reflecting how their relationship changes across market environments.

SCHV vs. IVE - Sectors Allocation Comparison

Sectors	SCHV	IVE
Technology	22.9%	21.7%
Financial Services	18.7%	15.0%
Industrials	13.9%	10.9%
Healthcare	11.2%	12.2%
Consumer Defensive	8.1%	8.8%
Consumer Cyclical	6.5%	10.6%
Energy	5.8%	6.6%
Utilities	4.3%	4.5%
Real Estate	3.9%	3.3%
Basic Materials	2.5%	3.3%
Communication Services	2.1%	2.9%

Return for Risk

SCHV vs. IVE — Risk / Return Rank

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

SCHV

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

IVE

IVE Risk / Return Rank: 86
IVE Sharpe Ratio Rank: 87
IVE Sortino Ratio Rank: 86
IVE Omega Ratio Rank: 86
IVE Calmar Ratio Rank: 85
IVE Martin Ratio Rank: 86

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. IVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Value ETF (SCHV) and iShares S&P 500 Value ETF (IVE). 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	IVE	Difference
Sharpe ratio: Return per unit of total volatility	2.45	2.25	+0.20
Sortino ratio: Return per unit of downside risk	3.49	3.14	+0.35
Omega ratio: Gain probability vs. loss probability	1.44	1.41	+0.03
Calmar ratio: Return relative to maximum drawdown	4.08	3.57	+0.52
Martin ratio: Return relative to average drawdown	15.80	13.76	+2.03

SCHV vs. IVE - Sharpe Ratio Comparison

The current SCHV Sharpe Ratio is 2.45, which is comparable to the IVE Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of SCHV and IVE, 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. IVE - Drawdown Comparison

The maximum SCHV drawdown since its inception was -37.08%, smaller than the maximum IVE drawdown of -61.32%. Use the drawdown chart below to compare losses from any high point for SCHV and IVE.

Drawdown Indicators

	SCHV	IVE	Difference
Max Drawdown Largest peak-to-trough decline	-37.08%	-61.32%	+24.24%
Max Drawdown (1Y) Largest decline over 1 year	-6.83%	-6.19%	-0.64%
Max Drawdown (3Y) Largest decline over 3 years	-15.26%	-17.58%	+2.32%
Max Drawdown (5Y) Largest decline over 5 years	-19.78%	-18.04%	-1.74%
Max Drawdown (10Y) Largest decline over 10 years	-37.08%	-37.04%	-0.04%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.80%	-10.04%	+6.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	1.60%	+0.16%

Volatility

SCHV vs. IVE - Volatility Comparison

Schwab U.S. Large-Cap Value ETF (SCHV) has a higher volatility of 3.57% compared to iShares S&P 500 Value ETF (IVE) at 2.73%. This indicates that SCHV's price experiences larger fluctuations and is considered to be riskier than IVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHV	IVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	2.73%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	9.09%	7.19%	+1.90%
Volatility (1Y) Calculated over the trailing 1-year period	11.41%	9.87%	+1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.55%	14.31%	+0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	16.89%	+0.05%

SCHV vs. IVE - Expense Ratio Comparison

SCHV has a 0.04% expense ratio, which is lower than IVE's 0.18% 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. IVE - Dividend Comparison

SCHV's dividend yield for the trailing twelve months is around 1.75%, more than IVE's 1.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVE iShares S&P 500 Value ETF	1.50%	1.61%	2.04%	1.65%	2.10%	1.81%	2.37%	2.11%	2.74%	2.12%	2.26%	2.44%
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 IVE in my portfolio?

SCHV and IVE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHV or IVE?

SCHV has higher volatility (3.57%) compared to IVE (2.73%). In terms of maximum drawdown, SCHV dropped -37.08% vs IVE's -61.32%.

Which ETF is better, SCHV or IVE?

On 10-year performance, IVE leads with 11.80% vs 11.40% for SCHV. On fees, SCHV is cheaper at 0.04% per year. On volatility, IVE has been the lower-risk option at 2.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHV or IVE?

Over the 10-year period, IVE has performed better with a 11.80% return vs 11.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHV or IVE?

SCHV is cheaper with a 0.04% expense ratio, compared with 0.18% for IVE.

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

SCHV has the higher dividend yield at 1.75%, compared with 1.50% for IVE.

What is the main difference between SCHV and IVE?

SCHV tracks Dow Jones U.S. Large-Cap Value Total Stock Market Index, while IVE tracks S&P 500 Value Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.04% for SCHV and 0.18% for IVE.

Which has better risk-adjusted returns?

SCHV currently has the higher Sharpe Ratio (2.45 vs 2.25), 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.