ETF Evaluator: Schwab US Large-Cap Value ETF™ (SCHV) Follow This ETF

Schwab US Large-Cap Value ETF™ Overview

Schwab US Large-Cap Value ETF™ (SCHV) is a passively managed U.S. Equity Large Value exchange-traded fund (ETF). Schwab ETFs launched the ETF in 2009.

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Value Total Stock Market Index. To pursue its goal, the fund generally invests in stocks that are included in the Dow Jones U.S. Large-Cap Value Total Stock Market Index. The index includes the large-cap value portion of the Dow Jones U.S. Total Stock Market Index actually available to investors in the marketplace. The Dow Jones U.S. Large-Cap Value Total Stock Market Index includes the components ranked 1-750 by full market capitalization and that are classified as "value" based on a number of factors.

About Schwab US Large-Cap Value ETF™ (SCHV)

There are 4 members of the management team with an average tenure of 9.09 years: Christopher Bliss (2017), Ferian Juwono (2010), Jeremy Brown (2018) and Agnes Zau (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and DJ US TSM Large Cap Value TR USD index with a weighting of 100%. Schwab US Large-Cap Value ETF™ has 561 securities in its portfolio. The top 10 holdings constitute 21.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Schwab US Large-Cap Value ETF™ is part of the Equity global asset class and is within the U.S. Equity ETF group. Schwab US Large-Cap Value ETF™ has 1.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.8% There is 1.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Schwab US Large-Cap Value ETF™ has 0.1% of the portfolio in cash.

Assets Under Management

The fund has $15 billion in total assets, which is above the $5 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

SCHV Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Schwab US Large-Cap Value ETF™ expense ratio is low compared to funds in the Large Value category. Schwab US Large-Cap Value ETF™ has an expense ratio of 0.04%, which is 89% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Schwab US Large-Cap Value ETF™ has a portfolio turnover rate of 7%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 41% for the Large Value category.

Recently, in the month of June 2026, Schwab US Large-Cap Value ETF™ returned 4.2%, which earned it a grade of A, as the Large Value category had an average return of 1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Schwab US Large-Cap Value ETF™ has a trailing yield of 1.75%, which is above the 1.74% category average. The fund normally distributes its income quarterly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Schwab US Large-Cap Value ETF™ Grades

Year to date, the ETF has returned 18.8%, 6.9 percentage points better than the category, which translates into a grade of A. The fund has returned 28.4% over the past year (grade of A), 18.5% over the past three years (grade of B) and 11.4% per year over the past five years (grade of C) and 11.7% per year over the past 10 years (grade of D).

Schwab US Large-Cap Value ETF™ Risk

A basic investment concept is that risk should be rewarded. Standard deviation measures the degree of variation in return experienced relative to the average return for an ETF. It notes the recent volatility of the ETF but does not explain the elements impacting the volatility. For example, portfolio concentration or exposure to foreign investments can impact the volatility and should be examined to gain an understanding of the ETF.

The total risk index relates the volatility of the ETF to the volatility of all ETFs. It can help you understand the volatility of an ETF across all categories. Ratios above 1.00 indicate higher risk than average. Schwab US Large-Cap Value ETF™ has a below average total risk index of 1.02 because of its standard deviation of 12.4%.

The category risk index relates the volatility of an ETF to the average volatility for ETFs in the same investment category. Schwab US Large-Cap Value ETF™ has an above average category risk of 1.02, giving it a category risk grade of D. Letter grades of A, B, C, D and F are based upon these relative rankings.