VTV vs. SCHV

Last updated Jun 24, 2026

VTV (Vanguard Value ETF) and SCHV (Schwab U.S. Large-Cap Value ETF) are both Large Cap Value Equities funds - VTV tracks the CRSP US Large Cap Value Index while SCHV tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index. Both are passively managed. Over the past 10 years, VTV returned 12.95%/yr vs 11.89%/yr for SCHV. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.04% expense ratio.

Performance

VTV vs. SCHV - Performance Comparison

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

Returns By Period

In the year-to-date period, VTV achieves a 14.47% return, which is significantly lower than SCHV's 16.92% return. Over the past 10 years, VTV has outperformed SCHV with an annualized return of 12.95%, while SCHV has yielded a comparatively lower 11.89% annualized return.

VTV

• 1D: -0.56%
• 1M: 3.10%
• YTD: 14.47%
• 6M: 13.93%
• 1Y: 27.19%
• 3Y*: 18.66%
• 5Y*: 12.22%
• 10Y*: 12.95%

SCHV

• 1D: -1.20%
• 1M: 3.45%
• YTD: 16.92%
• 6M: 16.13%
• 1Y: 28.72%
• 3Y*: 19.00%
• 5Y*: 11.14%
• 10Y*: 11.89%

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

VTV vs. SCHV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTV Vanguard Value ETF	14.47%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%
SCHV Schwab U.S. Large-Cap Value ETF	16.92%	16.02%	14.13%	8.93%	-7.65%	25.58%	2.64%	25.92%	-7.30%	16.56%

Correlation

The correlation between VTV and SCHV is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Dec 11, 2009	0.98

The correlation between VTV and SCHV has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

VTV vs. SCHV - Sectors Allocation Comparison

Sectors	VTV	SCHV
Financial Services	21.5%	18.6%
Technology	16.4%	22.5%
Healthcare	14.1%	10.9%
Industrials	13.9%	13.6%
Consumer Defensive	8.9%	8.3%
Energy	7.4%	6.4%
Utilities	4.8%	4.2%
Consumer Cyclical	4.0%	6.6%
Communication Services	3.1%	2.4%
Basic Materials	3.0%	2.7%
Real Estate	2.7%	3.9%

Return for Risk

VTV vs. SCHV — Risk / Return Rank

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

VTV

VTV Risk / Return Rank: 84
VTV Sharpe Ratio Rank: 85
VTV Sortino Ratio Rank: 87
VTV Omega Ratio Rank: 82
VTV Calmar Ratio Rank: 83
VTV Martin Ratio Rank: 83

SCHV

SCHV Risk / Return Rank: 83
SCHV Sharpe Ratio Rank: 84
SCHV Sortino Ratio Rank: 85
SCHV Omega Ratio Rank: 81
SCHV Calmar Ratio Rank: 82
SCHV Martin Ratio Rank: 85

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.

VTV vs. SCHV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Value ETF (VTV) 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.

	VTV	SCHV	Difference
Sharpe ratio: Return per unit of total volatility	2.63	2.59	+0.04
Sortino ratio: Return per unit of downside risk	3.75	3.65	+0.10
Omega ratio: Gain probability vs. loss probability	1.47	1.46	+0.01
Calmar ratio: Return relative to maximum drawdown	4.30	4.22	+0.08
Martin ratio: Return relative to average drawdown	16.20	16.95	-0.75

VTV vs. SCHV - Sharpe Ratio Comparison

The current VTV Sharpe Ratio is 2.63, which is comparable to the SCHV Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of VTV and SCHV, 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

VTV vs. SCHV - Drawdown Comparison

The maximum VTV drawdown since its inception was -59.27%, which is greater than SCHV's maximum drawdown of -37.08%. Use the drawdown chart below to compare losses from any high point for VTV and SCHV.

Drawdown Indicators

	VTV	SCHV	Difference
Max Drawdown Largest peak-to-trough decline	-59.27%	-37.08%	-22.19%
Max Drawdown (1Y) Largest decline over 1 year	-6.35%	-6.83%	+0.48%
Max Drawdown (3Y) Largest decline over 3 years	-14.52%	-15.26%	+0.74%
Max Drawdown (5Y) Largest decline over 5 years	-17.04%	-19.78%	+2.74%
Max Drawdown (10Y) Largest decline over 10 years	-36.78%	-37.08%	+0.30%
Current Drawdown Current decline from peak	-0.56%	-1.20%	+0.64%
Average Drawdown Average peak-to-trough decline	-7.85%	-3.82%	-4.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	1.70%	-0.02%

Volatility

VTV vs. SCHV - Volatility Comparison

The current volatility for Vanguard Value ETF (VTV) is 3.41%, while Schwab U.S. Large-Cap Value ETF (SCHV) has a volatility of 4.25%. This indicates that VTV experiences smaller price fluctuations and is considered to be less risky than SCHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VTV	SCHV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	4.25%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	7.85%	8.76%	-0.91%
Volatility (1Y) Calculated over the trailing 1-year period	10.39%	11.14%	-0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.88%	14.55%	-0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.65%	16.94%	-0.29%

VTV vs. SCHV - Expense Ratio Comparison

Both VTV and SCHV have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VTV vs. SCHV - Dividend Comparison

VTV's dividend yield for the trailing twelve months is around 1.83%, more than SCHV's 1.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHV Schwab U.S. Large-Cap Value ETF	1.74%	2.02%	2.25%	2.42%	2.37%	1.93%	3.03%	3.02%	3.05%	2.37%	2.65%	2.69%
VTV Vanguard Value ETF	1.83%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both VTV and SCHV in my portfolio?

With a correlation of 0.98, VTV and SCHV 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, VTV or SCHV?

SCHV has higher volatility (4.25%) compared to VTV (3.41%). In terms of maximum drawdown, VTV dropped -59.27% vs SCHV's -37.08%.

Which ETF is better, VTV or SCHV?

On 10-year performance, VTV leads with 12.95% vs 11.89% for SCHV. Both ETFs have the same 0.04% expense ratio. On volatility, VTV has been the lower-risk option at 3.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VTV or SCHV?

Over the 10-year period, VTV has performed better with a 12.95% return vs 11.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VTV or SCHV?

VTV and SCHV have the same expense ratio: 0.04% per year.

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

VTV has the higher dividend yield at 1.83%, compared with 1.74% for SCHV.

What is the main difference between VTV and SCHV?

VTV tracks CRSP US Large Cap Value Index, while SCHV tracks Dow Jones U.S. Large-Cap Value Total Stock Market Index. They also come from different issuers: Vanguard and Charles Schwab.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.63 vs 2.59), 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.