SPDR S&P 500 ETF Trust
Price
$773.17
YTD
+12.85%
Expense
0.09%
Yield
1.25%
SCHV
SCHV NYSE
Schwab U.S. Large-Cap Value ETF · by Schwab
Price
$34.76
YTD return
+8.50%
1Y return
13.20%
Expense ratio
0.04%
Dividend yield
2.35%
AUM
$12B
Schwab U.S. Large-Cap Value ETF targets undervalued large-cap U.S. stocks with an ultra-low 0.04% expense ratio.
What is SCHV?
Schwab U.S. Large-Cap Value ETF (SCHV) tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index, providing exposure to large-cap value stocks at just 0.04% expense ratio. Value stocks trade at lower multiples relative to their earnings, book value, and dividends.
Value Investing Philosophy
Value stocks are typically mature, dividend-paying companies trading at discounts to intrinsic value. They tend to outperform during rising rate environments and economic recoveries when investors rotate from growth to value.
Sector Allocation
- Financials: 22.5%
- Healthcare: 16.8%
- Consumer Staples: 10.5%
- Energy: 9.8%
- Industrials: 9.2%
- Technology: 8.5%
- Utilities: 6.2%
- Consumer Discretionary: 5.8%
- Communication Services: 4.5%
- Materials: 3.2%
- Real Estate: 3.0%
SCHV vs VTV vs VLUE
SCHV (0.04%) and VTV (0.04%) are both excellent low-cost value options. VTV uses CRSP methodology while SCHV uses Dow Jones. VLUE (0.15%) is a factor-based approach using MSCI's value methodology.
Value vs Growth Cycles
Value outperformed growth significantly from 2000-2007 and 2020-2022, while growth dominated 2009-2020. Many portfolio strategists recommend holding both growth and value for balanced exposure across market cycles.
Top holdings
Every holding links to its own page with a live price and the full list of funds that own it.
| # | Holding | Ticker | Sector | Weight | Price |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | BRK.B | Financials | 4.50% | $508.13 0.57% |
| 2 | JPMorgan Chase | JPM | Financials | 3.20% | $362.06 1.64% |
| 3 | ExxonMobil | XOM | Energy | 2.80% | $162.21 -1.18% |
| 4 | Johnson & Johnson | JNJ | Healthcare | 2.50% | $278.43 1.17% |
| 5 | Procter & Gamble | PG | Consumer Staples | 2.20% | $146.92 -0.49% |
| 6 | Chevron | CVX | Energy | 2.00% | $211.32 -0.22% |
| 7 | AbbVie | ABBV | Healthcare | 1.80% | $260.21 -0.58% |
| 8 | Walmart | WMT | Consumer Staples | 1.50% | $108.42 2.20% |
| 9 | Bank of America 3.5% 2028 | BAC | Corporate | 1.40% | $63.04 0.70% |
| 10 | Pfizer | PFE | Pharmaceuticals | 1.20% | $28.81 -0.72% |
Frequently asked questions
Is value investing dead?
No. Value goes through long underperformance periods but historically recovers. Many expect a value rotation as growth valuations normalize.
What is SCHV strategy?
SCHV tracks U.S. large-cap value stocks using price-to-book, price-to-earnings, and price-to-sales ratios to identify undervalued companies.
SCHV vs VTV which is better?
Both are excellent. SCHV and VTV both charge 0.04% and track similar indexes. Performance differences are minimal.
When does value outperform growth?
Value stocks typically outperform during economic recoveries, rising rate environments, and when growth valuations become stretched.
Compare with similar ETFs
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Expense
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Yield
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Vanguard Total Stock Market ETF
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Schwab U.S. Dividend Equity ETF
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Yield
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Community
SCHV discussion
Questions on fair value, cost, dividends and risk — answered with the fund data on this page.
What is the fair value of SCHV in 2026?
SCHV price prediction 2026: what actually drives it?
Does SCHV pay a dividend, and how reliable is the yield?
Is SCHV a good long-term hold, or too concentrated?
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