SCHV vs VOO
SCHV vs VOO
Schwab US Large-Cap Value ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. SCHV delivered stronger 1-year returns. SCHV offers more diversification with 557 holdings.
Side-by-Side Comparison
| Metric | SCHV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.03% | |
| AUM | $15.8B | $979.0B | |
| Dividend Yield | 1.75% | 1.09% | |
| Holdings | 560 | 509 | |
| YTD Return | +17.66% | +13.80% | |
| 1Y Return | +27.73% | +23.71% | |
| 3Y Return (annualized) | +17.76% | +21.50% | |
| 5Y Return (annualized) | +10.90% | +13.44% | |
| Volatility (annualized) | 14.1% | 14.1% | |
| Max Drawdown | -37.1% | -34.3% | |
| Fund Family | Charles Schwab Asset Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 11, 2009 | Sep 7, 2010 |
SCHV vs VOO Performance
Schwab US Large-Cap Value ETF (SCHV) is a ETF from Charles Schwab Asset Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SCHV returned +27.73% while VOO returned +23.71%. Year to date, SCHV is up 17.66% versus a gain of 13.80% for VOO.
Over three years, SCHV compounded at +17.76% per year against +21.50% for VOO; over five years the annualized figures are +10.90% and +13.44% respectively. Across the full 16-year window we track, VOO has the edge at +13.58% annualized vs +9.69%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 14.1% for SCHV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -37.1% for SCHV and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SCHV charges 0.04% per year while VOO charges 0.03%. On a $10,000 position that is $4 vs $3 annually, a gap of $1 per year that compounds over a long holding period. On income, SCHV currently yields 1.75% against 1.09% for VOO.
Holdings Overlap
SCHV and VOO share 371 holdings out of 691 unique holdings combined, representing a 43.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHV | Weight in VOO | Difference |
|---|---|---|---|
| MU | 3.29% | 2.02% | 1.27% |
| JPM:US | 3.00% | 1.26% | 1.74% |
| JNJ | 2.01% | 0.95% | 1.06% |
| XOM | Pro | Pro | Pro |
| INTC | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| AMAT | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
| CAT | Pro | Pro | Pro |
See all 10 holdings SCHV shares with VOO Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, SCHV or VOO?
SCHV has an expense ratio of 0.04% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, SCHV or VOO?
Over the past year SCHV returned +27.73% vs +23.71% for VOO, so SCHV leads on 1-year performance. Over the longest common window we track (16 years), SCHV annualized +9.69% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, SCHV or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 14.1% for SCHV. Worst drawdown: SCHV -37.1% vs VOO -34.3%.
Should I hold both SCHV and VOO?
SCHV and VOO have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SCHV and VOO?
SCHV and VOO share 371 common holdings with a 43.7% weight overlap. Combined, they hold 691 unique securities.
Which pays a higher dividend, SCHV or VOO?
SCHV yields 1.75% while VOO yields 1.09%, so SCHV currently pays the higher dividend yield.
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