VTV vs SCHV: Two Identical-Cost Large-Cap Value ETFs
Both charge 0.04% and target US large-cap value stocks. The index methodology differs slightly — but for most investors, these are perfectly interchangeable.
VTV (Vanguard Value ETF) and SCHV (Schwab US Large-Cap Value ETF) are both large-cap US value ETFs with identical 0.04% expense ratios. VTV tracks the CRSP US Large Cap Value Index (~340 stocks) with $120B+ in assets — it's one of the largest value ETFs in existence. SCHV tracks the Dow Jones US Large-Cap Value Total Stock Market Index (~340 stocks) with about $20B in assets. Both hold the largest US companies that screen as value on metrics like price-to-book, price-to-earnings, and price-to-sales. Top holdings overlap heavily: Berkshire Hathaway, JPMorgan, ExxonMobil, and Johnson & Johnson typically appear in both. For Schwab investors, SCHV fits naturally; for everyone else, VTV's higher liquidity is a marginal advantage.
Whether the lower-cost fund suits your situation depends on your existing holdings, account type, tax situation, and how you use each fund. This is a cost comparison, not a personalized recommendation.
Both funds trade commission-free at every major brokerage. How the major brokerages compare →
📋 VTV vs SCHV: Key Facts Side by Side
| Metric | VTV | SCHV |
|---|---|---|
| Fund Name | Vanguard Morningstar Value ETF | Schwab U.S. Large-Cap Value ETF |
| Issuer | Vanguard | Schwab |
| Tracks Index | CRSP US Large Cap Value | Dow Jones US Large-Cap Value |
| Expense Ratio | 0.04% | 0.04% |
| Cost per $10K/yr | $4.00 | $4.00 |
| AUM | $237.8B | $15.7B |
| Holdings | 340 | 340 |
| Inception | 2004 | 2009 |
| 1-Year Return | +23.05% | +20.94% |
| 3-Year Return | +19.63% | +18.88% |
| 5-Year Return | +12.60% | +10.82% |
| Dividend Yield | 1.86% | 1.79% |
| Holdings Overlap | See holdings overlap → | |
| Avg Bid-Ask Spread | 0.00% | 0.01% |
Expense ratio, AUM, and returns updated Aug 30, 2026 from ETF BFF database. Returns are annualised. Not investment advice.
📊 VTV vs SCHV: Annualised Returns
Annualised returns (trailing, price-based). Past performance does not guarantee future results.
🎯 Which Fund Fits Which Investor?
- want focused large-cap US stock exposure via CRSP US Large Cap Value
- already use Vanguard and prefer staying within one fund family
- want focused large-cap US stock exposure via Dow Jones US Large-Cap Value
- already use Schwab and prefer staying within one fund family
💰 What the Fee Difference Actually Costs
Adjust the numbers for your situation. This models each fund's expense ratio compounding against your balance over time.
Assumes a constant annual return reinvested, with each fund's expense ratio deducted yearly. Illustrative only; actual returns vary. Past performance does not guarantee future results.
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❓ VTV vs SCHV: Frequently Asked Questions
New to ETF investing? See answers to the most common ETF questions →