SCHV alternatives and similar ETFs

The ETFs most like SCHV are VTV, IWD and SPYV. VTV, IWD and SPYV hold large US companies that look cheap compared with their earnings and assets, like SCHV. VTV costs less: 0.03% a year against 0.04%.

Written by the Tactfolio research team. Fund facts checked October 17, 2026. Prices through October 16, 2026.

Key points

  • 8 funds can stand in for SCHV: 4 of the same kind and 4 related funds.
  • SCHV charges 0.04% a year (about $4 on $10,000). The cheapest alternative here, VTV, charges 0.03%.
  • VTV moved most like SCHV: a daily correlation of 0.98 over about the last five years.
  • Returns and drops for each pair use the same dates for both funds.

SCHV alternatives at a glance#

Each fund below can stand in for SCHV, closest first. “Same kind” funds hold the same kind of stocks through a different index. “Related” funds make a different bet that often moves the same way.

ETFHow closeYearly feeFee on $10,000Tracks
SCHVThis fund0.04%$4Dow Jones U.S. Large-Cap Value Total Stock Market Index
VTVSame kind of fund0.03%$3Morningstar US Large Cap Value Index
IWDSame kind of fund0.18%$18Russell 1000 Value Index
SPYVSame kind of fund0.04%$4S&P 500 Value Index
IVESame kind of fund0.18%$18S&P 500 Value Index
VYMRelated fund0.04%$4FTSE High Dividend Yield Index
SCHDRelated fund0.06%$6Dow Jones U.S. Dividend 100 Index
SPYDRelated fund0.07%$7S&P 500 High Dividend Index
HDVRelated fund0.08%$8Morningstar Dividend Yield Focus Index

Fees come from each fund company, checked on the dates shown on each fund’s page.

How SCHV and its alternatives did over the same dates#

$10k$20k$50k201020132016201920222025
SCHVVTVIWDSPYVGrowth of $10,000, log scale, with dividends reinvested. Past results do not tell you what happens next.

Each row measures the alternative and SCHV on the days both traded, so neither gets a head start. Correlation shows how closely their daily moves matched over about the last five years. A value of 1 means they always moved together.

ETFMoves with SCHVPer yearSCHV per yearWorst dropSCHV worst dropSince
VTV0.9812.4%11.5%−36.8%−37.1%December 2009
IWD0.9811.7%11.5%−38.5%−37.1%December 2009
SPYV0.9611.8%11.5%−36.9%−37.1%December 2009
IVE0.9611.7%11.5%−37.0%−37.1%December 2009
VYM0.9712.3%11.5%−35.2%−37.1%December 2009
SCHD0.9113.5%12.0%−33.4%−37.1%October 2011
SPYD0.878.9%11.1%−46.4%−37.1%October 2015
HDV0.8011.0%11.0%−37.0%−37.1%March 2011

Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

Each SCHV alternative, compared#

VTV: Vanguard Morningstar Value ETF#

VTV also holds large US companies that look cheap compared with their earnings and assets. It tracks the Morningstar US Large Cap Value Index, while SCHV tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index.

It charges 0.03% a year, about $3 on $10,000, against $4 for SCHV. It held 298 stocks, against 555 for SCHV.

From December 2009 to October 2026, VTV returned about 12.4% a year and SCHV returned about 11.5% a year. Over about the last five years they moved almost exactly together (correlation 0.98).

Read the VTV fund page for its returns by year and worst drop.

IWD: iShares Russell 1000 Value ETF#

IWD also holds large US companies that look cheap compared with their earnings and assets. It tracks the Russell 1000 Value Index, while SCHV tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index.

It charges 0.18% a year, about $18 on $10,000, against $4 for SCHV. It held 870 stocks, against 555 for SCHV.

From December 2009 to October 2026, IWD returned about 11.7% a year and SCHV returned about 11.5% a year. Over about the last five years they moved almost exactly together (correlation 0.98).

Read the IWD fund page for its returns by year and worst drop.

SPYV: State Street SPDR Portfolio S&P 500 Value ETF#

SPYV also holds large US companies that look cheap compared with their earnings and assets. It tracks the S&P 500 Value Index, while SCHV tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index.

It charges 0.04% a year, about $4 on $10,000, against $4 for SCHV. It held 435 stocks, against 555 for SCHV.

From December 2009 to October 2026, SPYV returned about 11.8% a year and SCHV returned about 11.5% a year. Over about the last five years they moved almost exactly together (correlation 0.96).

Read the SPYV fund page for its returns by year and worst drop.

IVE: iShares S&P 500 Value ETF#

IVE also holds large US companies that look cheap compared with their earnings and assets. It tracks the S&P 500 Value Index, while SCHV tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index.

It charges 0.18% a year, about $18 on $10,000, against $4 for SCHV. It held 436 stocks, against 555 for SCHV.

From December 2009 to October 2026, IVE returned about 11.7% a year and SCHV returned about 11.5% a year. Over about the last five years they moved almost exactly together (correlation 0.96).

Read the IVE fund page for its returns by year and worst drop.

VYM: Vanguard High Dividend Yield ETF#

VYM is a looser match. It holds US companies that pay high or steady dividends, while SCHV holds large US companies that look cheap compared with their earnings and assets.

It charges 0.04% a year, about $4 on $10,000, against $4 for SCHV. It held 593 stocks, against 555 for SCHV.

From December 2009 to October 2026, VYM returned about 12.3% a year and SCHV returned about 11.5% a year. Over about the last five years they moved almost exactly together (correlation 0.97).

Read the VYM fund page for its returns by year and worst drop.

SCHD: Schwab U.S. Dividend Equity ETF#

SCHD is a looser match. It holds US companies that pay high or steady dividends, while SCHV holds large US companies that look cheap compared with their earnings and assets.

It charges 0.06% a year, about $6 on $10,000, against $4 for SCHV. It held 98 stocks, against 555 for SCHV.

From October 2011 to October 2026, SCHD returned about 13.5% a year and SCHV returned about 12.0% a year. Over about the last five years they moved together on most days (correlation 0.91).

Read the SCHD fund page for its returns by year and worst drop.

SPYD: State Street SPDR Portfolio S&P 500 High Dividend ETF#

SPYD is a looser match. It holds US companies that pay high or steady dividends, while SCHV holds large US companies that look cheap compared with their earnings and assets.

It charges 0.07% a year, about $7 on $10,000, against $4 for SCHV. It held 78 stocks, against 555 for SCHV.

From October 2015 to October 2026, SPYD returned about 8.9% a year and SCHV returned about 11.1% a year. Over about the last five years they moved together on most days (correlation 0.87).

Read the SPYD fund page for its returns by year and worst drop.

HDV: iShares Core High Dividend ETF#

HDV is a looser match. It holds US companies that pay high or steady dividends, while SCHV holds large US companies that look cheap compared with their earnings and assets.

It charges 0.08% a year, about $8 on $10,000, against $4 for SCHV. It held 74 stocks, against 555 for SCHV.

From March 2011 to October 2026, HDV returned about 11.0% a year and SCHV returned about 11.0% a year. Over about the last five years they often moved together, but not always (correlation 0.80).

Read the HDV fund page for its returns by year and worst drop.

SCHV versions from other fund companies#

Some people keep all their funds with one company. Here is the closest fund to SCHV from each other company on this page:

  • Vanguard: VTV, Vanguard Morningstar Value ETF (same kind of fund, 0.03% a year)
  • iShares (BlackRock): IWD, iShares Russell 1000 Value ETF (same kind of fund, 0.18% a year)
  • SPDR (State Street): SPYV, State Street SPDR Portfolio S&P 500 Value ETF (same kind of fund, 0.04% a year)

Most brokers let you buy any ETF, whoever runs it. Mutual fund versions, such as a fund company’s index mutual fund, are not listed here.

How to choose between SCHV and its alternatives#

  • What it tracks. A fund on the same index holds the same stocks. A different index can mean different weights, more or fewer holdings, or a different mix.
  • The fee. The difference is often small. On $10,000, SCHV costs about $4 a year. VTV costs about $3.
  • History. An older fund has been through more bad markets, so you can see how far it fell.
  • What you already own. Two funds that move together add little variety. A fund with a low correlation behaves more on its own.

Swapping SCHV to harvest a tax loss#

Some investors sell a fund at a loss to lower their taxes, then buy a similar fund so they stay invested. This is called tax-loss harvesting.

The IRS wash sale rule blocks the loss if you buy a “substantially identical” security within 30 days before or after the sale. The IRS has not said exactly when two funds count. Funds on the same index are more likely to. Funds on a different index, such as VTV, IWD or SPYV, are less likely to.

Ask a tax professional before you rely on this. Read the IRS rules in Publication 550.

Test SCHV and its alternatives in a backtest#

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add SCHV and VTV, and see how each would have done on the same dates, or how a mix of both would have done.

The details#

Alternatives are picked from facts, not from returns. First come funds that track the same index as SCHV. Then come funds that hold the same kind of stocks through another index. Last come funds from a close category that make a different bet. Leveraged funds are only listed as alternatives to other leveraged funds.

Within each group, the funds whose daily returns moved most like SCHV over about the last five years come first. Returns and worst drops use Tactfolio’s stored daily prices, adjusted for splits, with dividends reinvested. Each alternative is measured with SCHV only on days both traded. Read what a backtest simulates for more on these measures.

Research and test it

Common questions#

What ETF is most similar to SCHV?#

VTV is the closest. VTV also holds large US companies that look cheap compared with their earnings and assets. It tracks the Morningstar US Large Cap Value Index, while SCHV tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index. Over about the last five years they moved almost exactly together.

Is there a cheaper alternative to SCHV?#

Yes. VTV charges 0.03% a year, against 0.04% for SCHV. On $10,000 that is about $3 a year instead of $4.

Is SCHV or VTV better?#

Neither is better for everyone. From December 2009 to October 2026, SCHV returned about 11.5% a year and VTV returned about 12.4% a year. SCHV charges 0.04% a year and VTV charges 0.03%. Past returns do not tell you what comes next.

What if I had put $10,000 in SCHV 10 years ago?#

It would have grown to about $29,540 by October 16, 2026, with dividends reinvested. That is about 11.4% a year. Past returns do not tell you what comes next.

Sources#