SVAL vs. SCHD

Last updated Jun 23, 2026

SVAL (iShares US Small Cap Value Factor ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - SVAL is a Small Cap Value Equities fund tracking the Russell 2000 Focused Value Select Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 5 years, SVAL returned 8.07%/yr vs 8.77%/yr for SCHD. A 0.78 correlation means they provide meaningful diversification when combined. SVAL charges 0.20%/yr vs 0.06%/yr for SCHD.

Performance

SVAL vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares US Small Cap Value Factor ETF (SVAL) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SVAL achieves a 19.19% return, which is significantly higher than SCHD's 17.24% return.

SVAL

• 1D: 0.07%
• 1M: 2.76%
• YTD: 19.19%
• 6M: 16.40%
• 1Y: 38.96%
• 3Y*: 18.73%
• 5Y*: 8.07%
• 10Y*: —

SCHD

• 1D: 0.09%
• 1M: -2.86%
• YTD: 17.24%
• 6M: 16.44%
• 1Y: 24.06%
• 3Y*: 14.45%
• 5Y*: 8.77%
• 10Y*: 12.68%

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

SVAL vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SVAL iShares US Small Cap Value Factor ETF	19.19%	8.23%	7.54%	12.27%	-10.15%	33.18%	29.82%
SCHD Schwab U.S. Dividend Equity ETF	17.24%	4.34%	11.66%	4.54%	-3.26%	29.87%	18.13%

Correlation

The correlation between SVAL and SCHD is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020	0.78

The correlation between SVAL and SCHD shifts across timeframes, from 0.64 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

SVAL vs. SCHD - Sectors Allocation Comparison

Sectors	SVAL	SCHD
Financial Services	23.2%	9.1%
Industrials	15.2%	7.4%
Consumer Cyclical	12.9%	6.7%
Technology	12.1%	19.4%
Healthcare	10.2%	18.4%
Energy	8.3%	14.6%
Basic Materials	5.6%	1.2%
Consumer Defensive	4.0%	18.5%
Utilities	3.6%	0.0%
Real Estate	3.1%	-
Communication Services	1.0%	6.0%

Return for Risk

SVAL vs. SCHD — Risk / Return Rank

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

SVAL

SVAL Risk / Return Rank: 74
SVAL Sharpe Ratio Rank: 71
SVAL Sortino Ratio Rank: 74
SVAL Omega Ratio Rank: 67
SVAL Calmar Ratio Rank: 84
SVAL Martin Ratio Rank: 75

SCHD

SCHD Risk / Return Rank: 76
SCHD Sharpe Ratio Rank: 70
SCHD Sortino Ratio Rank: 79
SCHD Omega Ratio Rank: 68
SCHD Calmar Ratio Rank: 90
SCHD Martin Ratio Rank: 71

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.

SVAL vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares US Small Cap Value Factor ETF (SVAL) and Schwab U.S. Dividend Equity ETF (SCHD). 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.

	SVAL	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	2.20	2.18	+0.01
Sortino ratio: Return per unit of downside risk	3.17	3.34	-0.17
Omega ratio: Gain probability vs. loss probability	1.38	1.39	-0.01
Calmar ratio: Return relative to maximum drawdown	4.38	5.24	-0.86
Martin ratio: Return relative to average drawdown	13.78	12.71	+1.07

SVAL vs. SCHD - Sharpe Ratio Comparison

The current SVAL Sharpe Ratio is 2.20, which is comparable to the SCHD Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of SVAL and SCHD, 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

SVAL vs. SCHD - Drawdown Comparison

The maximum SVAL drawdown since its inception was -27.44%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for SVAL and SCHD.

Drawdown Indicators

	SVAL	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-27.44%	-33.37%	+5.93%
Max Drawdown (1Y) Largest decline over 1 year	-8.94%	-4.61%	-4.33%
Max Drawdown (3Y) Largest decline over 3 years	-27.44%	-16.13%	-11.31%
Max Drawdown (5Y) Largest decline over 5 years	-27.44%	-16.85%	-10.59%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.37%	—
Current Drawdown Current decline from peak	-1.71%	-2.86%	+1.15%
Average Drawdown Average peak-to-trough decline	-8.44%	-3.31%	-5.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	1.90%	+0.93%

Volatility

SVAL vs. SCHD - Volatility Comparison

iShares US Small Cap Value Factor ETF (SVAL) has a higher volatility of 4.02% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.58%. This indicates that SVAL's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVAL	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	3.58%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	11.70%	7.74%	+3.96%
Volatility (1Y) Calculated over the trailing 1-year period	17.85%	11.09%	+6.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.24%	14.36%	+7.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.22%	16.73%	+6.49%

SVAL vs. SCHD - Expense Ratio Comparison

SVAL has a 0.20% expense ratio, which is higher than SCHD's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SVAL vs. SCHD - Dividend Comparison

SVAL's dividend yield for the trailing twelve months is around 2.14%, less than SCHD's 3.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHD Schwab U.S. Dividend Equity ETF	3.31%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
SVAL iShares US Small Cap Value Factor ETF	2.14%	2.33%	1.82%	2.25%	2.09%	2.33%	0.28%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SVAL and SCHD in my portfolio?

SVAL and SCHD have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SVAL or SCHD?

SVAL has higher volatility (4.02%) compared to SCHD (3.58%). In terms of maximum drawdown, SVAL dropped -27.44% vs SCHD's -33.37%.

Which ETF is better, SVAL or SCHD?

On 5-year performance, SCHD leads with 8.77% vs 8.07% for SVAL. On fees, SCHD is cheaper at 0.06% per year. On volatility, SCHD has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SVAL or SCHD?

Over the 5-year period, SCHD has performed better with a 8.77% return vs 8.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SVAL or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.20% for SVAL.

Which ETF pays a higher dividend yield, SVAL or SCHD?

SCHD has the higher dividend yield at 3.31%, compared with 2.14% for SVAL.

What is the main difference between SVAL and SCHD?

SVAL is categorized as Small Cap Value Equities, while SCHD is Dividend. SVAL tracks Russell 2000 Focused Value Select Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.20% for SVAL and 0.06% for SCHD.

Which has better risk-adjusted returns?

SVAL currently has the higher Sharpe Ratio (2.20 vs 2.18), 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.