# SCHV ETF: fees, returns, drawdowns and holdings

> What SCHV holds, its 0.04% yearly fee, returns by year, its worst drop, and which Tactfolio strategies hold it. Updated daily.

Schwab U.S. Large-Cap Value ETF (SCHV) is an exchange-traded fund (ETF) run by Schwab. This fund owns shares of about 550 large US companies picked as value stocks. It charges 0.04% a year. From December 2009 to October 2026 it returned about 11.5% a year, and its worst drop was −37.1%.

Written by [the Tactfolio research team](https://tactfolio.com/about/editorial-policy). Fund facts checked October 17, 2026. Prices through October 16, 2026.

## Key points

- Expense ratio: 0.04% a year (about $4 on $10,000).
- Started trading on December 11, 2009.
- Last close: $34.15 on October 16, 2026.
- Return over the last year: 20.8%.
- Worst drop since 2009: −37.1%.
- No Tactfolio classic strategies hold it.

## How has SCHV done since 2009?

From December 2009 to October 2026, SCHV returned about 11.5% a year. The S&P 500 returned about 14.1% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $62,069 at the end, with every dividend reinvested.

| Period | SCHV | S&P 500 (SPY) |
| --- | --- | --- |
| 1 month | 1.5% | 1.5% |
| 3 months | 0.9% | 1.9% |
| 6 months | 8.4% | 9.3% |
| Year to date | 17.0% | 12.8% |
| 1 year | 20.8% | 16.8% |
| 3 years, per year | 19.3% | 22.0% |
| 5 years, per year | 10.4% | 12.8% |
| 10 years, per year | 11.4% | 15.4% |
| Since 2009, per year | 11.5% | 14.1% |

Periods longer than a year show the return per year (CAGR). 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.

## SCHV returns by month and year

SCHV rose in 128 of its 203 months (63%). Its best month was November 2020, at 13.2%. Its worst was March 2020, at −15.7%.

| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Full year |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2026 (part) | 5.1% | 3.6% | −4.9% | 6.5% | 3.4% | 4.2% | −2.1% | 1.3% | −3.0% | 2.5% |  |  | 17.0% |
| 2025 | 4.0% | 1.6% | −3.0% | −3.0% | 3.9% | 3.8% | 0.6% | 3.3% | 1.8% | −0.7% | 2.3% | 0.7% | 16.0% |
| 2024 | 0.3% | 3.7% | 4.8% | −4.4% | 3.1% | −0.5% | 4.2% | 3.0% | 1.7% | −1.1% | 6.0% | −6.7% | 14.1% |
| 2023 | 4.1% | −3.4% | −0.7% | 1.2% | −4.6% | 6.6% | 3.4% | −2.5% | −4.1% | −3.3% | 7.5% | 5.3% | 8.9% |
| 2022 | −2.9% | −1.7% | 2.6% | −5.6% | 2.0% | −8.7% | 6.5% | −3.0% | −8.7% | 11.0% | 6.7% | −4.0% | −7.6% |
| 2021 | −1.0% | 5.1% | 5.8% | 3.5% | 2.2% | −0.5% | 1.4% | 2.0% | −4.0% | 5.3% | −2.4% | 6.2% | 25.6% |
| 2020 | −2.4% | −9.6% | −15.7% | 11.0% | 2.9% | −0.2% | 3.5% | 3.9% | −1.9% | −2.1% | 13.2% | 3.5% | 2.6% |
| 2019 | 7.2% | 3.5% | 0.8% | 3.3% | −6.6% | 7.0% | 1.0% | −2.8% | 3.7% | 1.2% | 2.9% | 2.8% | 25.9% |
| 2018 | 4.1% | −4.5% | −2.2% | 0.0% | 1.1% | 0.1% | 4.5% | 1.6% | 0.2% | −5.3% | 3.0% | −9.2% | −7.3% |
| 2017 | 0.7% | 3.6% | −0.3% | 0.0% | 0.4% | 1.2% | 1.3% | −0.4% | 2.9% | 1.7% | 3.0% | 1.4% | 16.6% |
| 2016 | −4.0% | −0.2% | 6.2% | 1.3% | 1.5% | 1.5% | 2.7% | 0.0% | −0.4% | −1.2% | 4.8% | 2.8% | 15.7% |
| 2015 | −4.2% | 5.0% | −1.9% | 1.7% | 0.9% | −2.5% | 1.1% | −5.9% | −2.0% | 8.2% | 0.4% | −1.2% | −1.1% |
| 2014 | −4.3% | 4.3% | 1.9% | 0.9% | 1.4% | 2.2% | −1.9% | 3.6% | −1.5% | 1.8% | 2.3% | 0.0% | 10.9% |
| 2013 | 6.0% | 1.7% | 3.9% | 2.3% | 1.5% | −1.1% | 5.2% | −4.1% | 2.7% | 4.3% | 2.6% | 2.7% | 31.0% |
| 2012 | 2.6% | 3.8% | 3.5% | −0.6% | −5.5% | 4.6% | 1.6% | 1.1% | 3.0% | −0.6% | −0.3% | 1.4% | 15.1% |
| 2011 | 2.3% | 3.7% | 0.2% | 2.9% | −1.2% | −1.7% | −3.1% | −5.0% | −6.0% | 9.8% | −0.4% | 2.8% | 3.6% |
| 2010 | −2.1% | 2.4% | 5.9% | 2.0% | −7.7% | −4.9% | 6.9% | −3.8% | 7.2% | 3.0% | −0.5% | 7.0% | 14.8% |
| 2009 (part) |  |  |  |  |  |  |  |  |  |  |  | −0.2% | −0.2% |

Each month runs from the last close of the month before. The first month counts from the first close.

## How risky is SCHV compared with the S&P 500?

Measured from October 2021 to October 2026, on the days both traded.

- **Beta 0.75.** When the S&P 500 moved 1% in a day, SCHV tended to move about 0.75%.
- **Correlation 0.89.** SCHV mostly moved with the S&P 500.
- **Up and down months.** In months the S&P 500 rose, SCHV rose 84% as much on average. In months it fell, SCHV fell 85% as much.

| Measure | SCHV | S&P 500 (SPY) |
| --- | --- | --- |
| Return per year | 10.4% | 12.8% |
| Volatility | 14.5% | 17.1% |
| Worst drop | −19.8% | −24.5% |
| Sharpe ratio | 0.76 | 0.79 |
| Sortino ratio | 1.10 | 1.15 |
| Calmar ratio | 0.53 | 0.52 |

Volatility is how much the price swings in a year. The Sharpe ratio is return per unit of volatility, the Sortino ratio counts only the falls, and the Calmar ratio is the return per year over the worst drop. Higher ratios mean more return for the risk taken.

## Is SCHV above its 200-day average?

SCHV closed 4.7% above its 200-day average on October 16, 2026. A rule that holds SCHV only above that average would hold it today.

- Its 50-day average is 4.9% above its 200-day average.
- It closed 3.0% below its highest close of the last 52 weeks.

A moving average is the average close over the last so many days. Trend rules such as [the 10-month moving average strategy](https://tactfolio.com/strategies/faber-10-month-moving-average.md) hold a fund only while it is above one. You can [build that rule for SCHV](https://tactfolio.com/builder) and backtest it in a minute.

## What was SCHV's worst drop?

A drawdown is how far a fund falls from its last high point. SCHV's worst fall was −37.1%, from January 17, 2020 to March 23, 2020. It got back to that high on December 4, 2020. On October 16, 2026 it was 3.0% below its highest close.

| Drop | Started | Bottom | Back to the high | Fall took | Recovery took |
| --- | --- | --- | --- | --- | --- |
| −37.1% | Jan 17, 2020 | Mar 23, 2020 | Dec 4, 2020 | 2 months | 8 months |
| −19.8% | Jan 4, 2022 | Sep 30, 2022 | Jan 29, 2024 | 9 months | 16 months |
| −18.4% | Apr 29, 2011 | Oct 3, 2011 | Feb 16, 2012 | 5 months | 4 months |
| −17.7% | Sep 21, 2018 | Dec 24, 2018 | Apr 23, 2019 | 3 months | 4 months |
| −15.3% | Nov 29, 2024 | Apr 8, 2025 | Jun 30, 2025 | 4 months | 3 months |

Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

## What does SCHV hold?

This fund owns shares of about 550 large US companies picked as value stocks. Value stocks often look cheap compared with their profits. The fund's price still rises and falls with the stock market.

It tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index. It had 555 holdings as of February 28, 2026, according to Schwab.

| Fact | SCHV |
| --- | --- |
| Full name | Schwab U.S. Large-Cap Value ETF |
| Issuer | Schwab |
| Expense ratio | 0.04% a year |
| Started trading | December 11, 2009 |
| Tracks | Dow Jones U.S. Large-Cap Value Total Stock Market Index |
| Type | US stocks, ETF |
| Holdings | 555 holdings as of February 28, 2026 |
| Facts checked | October 17, 2026 on the [Schwab fund page](https://www.sec.gov/Archives/edgar/data/1454889/000110465926020698/tm266454-4_497k.htm) |

## What is the SCHV expense ratio?

SCHV charges 0.04% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.04% fee comes to about $4 a year. Of the 162 ETFs on Tactfolio, 80% charge more.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

## Which Tactfolio strategies hold SCHV?

No classic strategy holds SCHV yet. You can add it to your own rules in the [builder](https://tactfolio.com/builder) and see how they would have done.

## How does SCHV compare with similar ETFs?

Funds that can stand in for SCHV:

- [VTV](https://tactfolio.com/etf/VTV.md): Vanguard Morningstar Value ETF, 0.03% a year
- [SPYV](https://tactfolio.com/etf/SPYV.md): State Street SPDR Portfolio S&P 500 Value ETF, 0.04% a year
- [IVE](https://tactfolio.com/etf/IVE.md): iShares S&P 500 Value ETF, 0.18% a year
- [IWD](https://tactfolio.com/etf/IWD.md): iShares Russell 1000 Value ETF, 0.18% a year

See [all 8 SCHV alternatives](https://tactfolio.com/alternatives/SCHV.md), compared on the same dates as SCHV.

## Test SCHV in your own rules

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](https://tactfolio.com/builder), add SCHV, and see how a rule such as "hold it only above its 200-day average" would have done. Strategies run on daily prices and hold US stocks and ETFs only.

## The details

Prices come from Tactfolio's stored daily prices for SCHV and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.

Fund facts come from Schwab. We checked them on October 17, 2026. Read [what a backtest simulates](https://tactfolio.com/docs/backtests.md) and [how to read drawdown and CAGR](https://tactfolio.com/docs/concepts/reading-a-backtest.md) for more on these measures.

## Research and test it

- [S&P 500 index](https://tactfolio.com/learn/sp500-index): The S&P 500 tracks about 500 large US companies. Learn how stocks get in, how the index is weighted, how to invest in it, and how far it has fallen before.
- [What is an ETF](https://tactfolio.com/learn/what-is-an-etf): An ETF is a fund that trades like a stock. Learn how ETFs work, what they cost, the main types, and the risks, with SEC sources.
- [ETF screener](https://tactfolio.com/screener.md): A free ETF screener for 162 US-listed funds. Filter by type, issuer and fee, sort by returns or worst drop, and compare funds side by side.
- [ETF expense ratio](https://tactfolio.com/learn/etf-expense-ratio): What an ETF expense ratio is, how the fund charges it, and how 0.03% vs 1% adds up over 10 and 30 years, with real fund examples.
- [Backtest a portfolio](https://tactfolio.com/trading-tools/backtest-portfolio): Backtest a portfolio of US stocks and ETFs. Enter tickers and shares, pick when to rebalance, and get the results with a link to share.
- [Backtesting](https://tactfolio.com/backtesting): Free backtesting software for stocks, ETFs, and crypto perps.

## Common questions

### What is the expense ratio of SCHV?

SCHV charges 0.04% a year, according to Schwab as of October 17, 2026. That is about $4 a year for every $10,000 you hold.

### When did SCHV start trading?

SCHV started trading on December 11, 2009. It is run by Schwab.

### What does SCHV track?

SCHV tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index. This fund owns shares of about 550 large US companies picked as value stocks.

### How much has SCHV returned per year?

From December 2009 to October 2026, SCHV returned about 11.5% a year with dividends reinvested. Its worst drop was −37.1%. Past returns do not tell you what it will do next.

### Is SCHV above its 200-day moving average?

On October 16, 2026, SCHV closed 4.7% above its 200-day moving average. This page updates after each US market close.

### Which strategies use SCHV?

None of Tactfolio's classic strategies hold SCHV yet. You can test it in your own rules in the builder.

## Sources

- [Schwab: Schwab U.S. Large-Cap Value ETF fund page](https://www.sec.gov/Archives/edgar/data/1454889/000110465926020698/tm266454-4_497k.htm)

> Not financial advice. Tactfolio is a research and automation tool. It is not a broker or a financial adviser. This page is for education only. Backtests are hypothetical. They show how rules would have done on past prices, not how they will do. All investing involves risk, including losing the money you put in.