ETF Versus

SCHV vs VONV

Schwab U.S. Large-Cap Value ETF vs Vanguard Russell 1000 Value Index Fund ETF Shares

Last updated: 2026-04-02

SCHV Schwab

Schwab U.S. Large-Cap Value ETF (SCHV) is an exchange-traded fund issued by Schwab that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.96%. Launched in 2009, the fund has a 17-year track record.

AUM: $14.6B ER: 0.04% Yield: 1.96% Since: Dec 11, 2009

Vanguard Russell 1000 Value Index Fund ETF Shares (VONV) is an exchange-traded fund that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a low expense ratio of 0.06%. The fund offers a moderate dividend yield of 1.81%. Launched in 2010, the fund has a 16-year track record.

AUM: $16.8B ER: 0.06% Yield: 1.81% Since: Sep 20, 2010

Quick Verdict

SCHV has a slightly lower expense ratio (0.04% vs 0.06%), saving about $40 per $10,000 over 10 years. Both funds have delivered similar 1-year returns (15.2% vs 14.3%), tracking closely.

Key Metrics

Metric SCHV VONV
Expense Ratio 0.04% 0.06%
Dividend Yield 2.0% 1.8%
Fund Family Schwab N/A
Category US Large Cap Value US Large Cap Value

Performance Chart

Indexed to 100 at start (5-year comparison)

85 98 111 124 137 150 2021-04 2022-06 2023-09 2024-12 2026-04
SCHV +38.4%
VONV +39.4%

Performance Comparison

Period SCHV VONV Difference
1 Month -4.76% -4.56% -0.20%
3 Months +2.41% +1.28% +1.13%
6 Months +4.65% +4.82% -0.17%
YTD +2.41% +1.28% +1.13%
1 Year +15.24% +14.29% +0.95%
3 Years +39.35% +40.36% -1.01%
5 Years +38.43% +39.42% -0.99%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SCHV Fees VONV Fees You Save
$10.000 10 years $80 $120 $40
$10.000 20 years $344 $515 $171
$10.000 30 years $1.112 $1.664 $552
$50.000 10 years $399 $598 $199
$50.000 30 years $5.560 $8.318 $2.758
$100.000 30 years $11.121 $16.637 $5.516

Risk Metrics

Based on 5 years of daily returns

Metric SCHV VONV
Annualized Volatility 14.6% 14.8%
Max Drawdown -21.1% -20.2%
Sharpe Ratio 0.21 0.22

Dividend Comparison

Metric SCHV VONV
Annual Dividend (per share) $0.60 $1.71
Dividend Yield 1.96% 1.81%
Distribution Frequency Quarterly Quarterly

Top Holdings

7 of top 9 holdings overlap (78% overlap in top holdings)

SCHV Top Holdings

NameWeight
Berkshire Hathaway Inc.BRK.B3.09%
JPMorgan Chase & Co.JPM2.74%
Exxon Mobil CorporationXOM2.57%
Johnson & JohnsonJNJ2.08%
Walmart Inc.WMT1.94%
Micron Technology, Inc.MU1.44%
Chevron CorporationCVX1.42%
AbbVie Inc.ABBV1.33%
The Procter & Gamble CompanyPG1.19%
Caterpillar Inc.CAT1.16%

VONV Top Holdings

NameWeight
Berkshire Hathaway Inc.BRK.B2.90%
JPMorgan Chase & Co.JPM2.39%
Exxon Mobil CorporationXOM2.00%
Johnson & JohnsonJNJ1.86%
Amazon.com, Inc.AMZN1.72%
Alphabet Inc.GOOG1.63%
Walmart Inc.WMT1.56%
Micron Technology, Inc.MU1.43%
The Procter & Gamble CompanyPG1.22%

Which One Should You Choose?

Choose SCHV if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Either works if...

you just need broad us large cap value exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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