🤝 BFF Take
Pick Based on Your Brokerage — VTV Has 6x More Assets
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.
📋 Quick Takeaways
🔄Same 0.04% expense ratio and large-cap value focus — functionally interchangeable for most investors
🏦VTV has $120B+ AUM vs SCHV's $20B — VTV has 6x more assets and meaningfully better liquidity
📊Both hold ~340 large-cap value stocks; top holdings overlap heavily — Berkshire, JPMorgan, Exxon, J&J
📊 Data-Based Take: VTV has the lower fee
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.
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Reviewed by a CFA® Charterholder · Data updated Jun 2026 · Educational only, not financial advice
SCHV
Schwab US Large-Cap Value ETF
📋 VTV vs SCHV — Key Facts Side by Side
| Metric |
VTV |
SCHV |
| Fund Name |
Vanguard Value ETF |
Schwab US 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 |
$120B |
$20B |
| Holdings |
340 |
340 |
| Inception |
2004 |
2009 |
| 1-Year Return |
+11.90% |
+11.60% |
| 3-Year Return |
+9.10% |
+8.80% |
| 5-Year Return |
+11.80% |
+11.50% |
| Avg Bid-Ask Spread |
0.00% |
0.01% |
Data 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.
🎯 Should You Buy VTV or SCHV?
Choose if...
VTV
- You want focused large-cap US stock exposure via CRSP US Large Cap Value
- You already use Vanguard and prefer staying within their fund family
Choose if...
SCHV
- You want focused large-cap US stock exposure via Dow Jones US Large-Cap Value
- You already use Schwab and prefer staying within their fund family
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❓ VTV vs SCHV — Frequently Asked Questions
What is the difference between VTV and SCHV?
VTV and SCHV are both large-cap US value ETFs with identical 0.04% expense ratios. The differences are the underlying index (VTV uses CRSP; SCHV uses Dow Jones) and fund size (VTV has ~$120B in assets vs SCHV's ~$20B). Both hold similar large-cap value stocks. Index construction differences are minor and don't produce meaningfully different performance over time.
Is value investing still a good strategy?
The "value premium" — historical outperformance of cheap stocks vs expensive stocks — has been well-documented academically but has struggled in recent years as growth stocks dominated. Value severely underperformed growth from roughly 2007-2020, then had a strong recovery in 2021-2022. Whether value will outperform going forward is uncertain; most diversified investors hold some value exposure through their broad market funds automatically.
Should I hold VTV and VUG (growth) together?
Holding VTV (value) + VUG (growth) together approximates the total S&P 500 — it's essentially deconstructing VOO into its value and growth halves. Some investors prefer this approach to tilt one direction or the other; others simply hold VOO for simplicity. If you're combining VTV + VUG at their natural weights, you'd be better served just buying VOO directly.
What stocks are in VTV and SCHV?
Top holdings in both VTV and SCHV typically include Berkshire Hathaway, JPMorgan Chase, ExxonMobil, Johnson & Johnson, Procter & Gamble, and similar large US value-oriented companies. Financial companies, healthcare, and energy tend to be overrepresented compared to the broad market. Technology names with high growth expectations are typically underweight.
How do VTV and SCHV compare to IVE or SPYV?
IVE (iShares S&P 500 Value, 0.18%) and SPYV (SPDR S&P 500 Value, 0.10%) specifically pull value stocks from the S&P 500. VTV and SCHV use separate value indexes. All four are large-cap value ETFs with similar holdings and performance. VTV and SCHV win on cost at 0.04%. IVE and SPYV are S&P 500-branded alternatives for those who prefer that index family.
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ℹ️ Data shown is for educational purposes and may not reflect the most current figures. Returns are trailing price-based and exclude dividend reinvestment. Past performance does not guarantee future results. ETF BFF is not a licensed financial advisor — this is not personalized financial advice.