DFAT vs SCHV: Grades, Fees and Holdings Compared

Dimensional US Targeted Value ETF

DFATCNYSE Arca

Schwab U.S. Large-Cap Value ETF

SCHVANYSE Arca

Overlap

3.8%by weight

Expense ratio

SCHV −0.24pt a year

DFAT0.28%SCHV0.04%

Avg volume · 30D

SCHV 10.4×the volume

DFAT303KSCHV3.17M

5Y return · a year

SCHV +0.2pt

DFAT+10.2%SCHV+10.4%

DFAT vs SCHV Performance

Oct 29, 2021 – Oct 30, 2026

+62.3%DFAT+63.8%SCHV

Expense ratio: DFAT 0.28%; SCHV 0.04%, better
Fund size: DFAT $31.4B; SCHV $15.7B
1Y total return: DFAT +24.7%, better; SCHV +22.1%
Yield (12M): DFAT 1.33%; SCHV 1.81%, better
Holdings: DFAT 1227; SCHV 568
Avg volume (30D): DFAT 303K sh; SCHV 3.17M sh, better
NAV per share: DFAT $70.08; SCHV $34.62
52W range

ETF.net Grade

Pillar letters and Scores for DFAT, SCHV, with each pillar’s weight
Pillar	DFAT	SCHV
Cost30% weight	D36	A96Higher
Mission25% weight	Not scored	A88
Risk15% weight	D26	B68Higher
Tradability15% weight	B55	A95Higher
Holdings10% weight	A80Higher	B59
Durability5% weight	A79Higher	B68

Rank among US Value Index funds

How we build Categories ›

Same Category. DFAT and SCHV are both graded against the same 40 US Value Index funds, so their Grades compare head to head.

US Value Index⁠

Category · 40 funds

See all 40 ›

SCHV ranks 1st and DFAT 31st of 40 funds in the US Value Index Category.

Rank 1ASCHVSchwab U.S. Large-Cap Value ETFScore 84
Rank 2AVTVVanguard Morningstar Value ETFScore 83
Rank 30CPWVInvesco Large Cap Value ETFScore 48
Rank 31CDFATDimensional US Targeted Value ETFScore 46
Rank 32CFNKFirst Trust Mid Cap Value AlphaDEX FundScore 45

Our read on each fund

ETF.net Research

DFATCDimensional US Targeted Value ETF

SCHVASchwab U.S. Large-Cap Value ETF

In short

DFAT A 1998-vintage tax-managed value strategy that became an ETF in 2021. Dimensional buys roughly 1,500 cheap-looking US small and mid caps with healthier profits, and runs the whole thing with one eye on your tax bill.

SCHV No data

Stated mandate

DFAT The fund seeks long-term capital appreciation while minimizing federal income taxes on its returns.

SCHV No data

Why people hold it

DFAT The mandate is unusual for a value fund: alongside long-term capital appreciation, the stated objective names minimizing federal income taxes on returns.dimensional.com
Roughly 1,500 small and mid caps, picked on low price relative to book value plus higher profitability, then weighted by size. Breadth does the work, not concentrated bets.dimensional.com
The strategy predates the wrapper. It ran as a Dimensional tax-managed mutual fund from 1998 and converted in the industry's largest mutual-fund-to-ETF switch in 2021.dimensional.com sec.gov

SCHV No data

Worth knowing

DFAT At 0.28%, it costs more than the typical US value ETF and several times index trackers like VTV (0.03%) or VTWV (0.06%). Active screening is what the extra buys.
There's no index to score it against. Dimensional runs this actively, so assessing it means assessing the process, not tracking error.dimensional.com
Small and mid caps sit at the center here, so it can behave quite differently from large-cap value peers like VTV over any given stretch.dimensional.com

SCHV No data

Full DFAT profile⁠

Full SCHV profile⁠

DFAT vs SCHV Holdings

How DFAT and SCHV differ

Overlap by weight

3.8%

Shared holdings make up 31.0% of DFAT and 3.9% of SCHV.

Level by level

Holdings106 in both3.8%
Sector11 Sectors73.5%
Countryby domicile99.0%
Asset classEquity100%

Sector

Sector weights in DFAT and SCHV, widest gap first
Sector	More in DFATMore in SCHV	DFAT	SCHV
Technology	SCHV +9.8 points	7.8%	17.6%
Financials	DFAT +8.6 points	29.0%	20.4%
Consumer Discretionary	DFAT +8.2 points	14.5%	6.3%
Health Care	SCHV +7.0 points	7.2%	14.2%
Industrials	DFAT +4.2 points	15.4%	11.3%
Energy	DFAT +4.0 points	11.3%	7.3%
Utilities	SCHV +3.5 points	0.4%	3.9%
Real Estate	SCHV +3.0 points	1.0%	4.0%
Consumer Staples	SCHV +2.0 points	6.8%	8.8%
Materials	DFAT +1.6 points	4.3%	2.8%
Communication	SCHV +1.3 points	2.2%	3.5%

Country, concentration and asset class

Country by domicile

Country weights in DFAT and SCHV, widest gap first
Country	More in DFATMore in SCHV	DFAT	SCHV
Switzerland	SCHV +0.6 points	0.0%	0.6%
Other countries (12)	DFAT +0.6 points	100.0%	99.4%

Concentration

Weight in the 10 largest Holdings

DFAT6.8%
SCHV19.9%

Securities held

DFAT1,225
SCHV568

Asset class

DFAT: Equity
SCHV: Equity

Holdings

Only in DFAT1,119
In both106
Only in SCHV462

Only in DFAT

1,119 securities, 68.3% of DFAT by weight

Jackson Financial Inc A Common Stock USD.010.46%
Life Time Group Holdings Inc Common Stock USD.010.46%
Southstate Bank Corp Common Stock USD2.50.45%
Popular Inc Common Stock USD.010.43%
Gap Inc/The Common Stock USD.050.42%
Urban Outfitters Inc Common Stock USD.00010.40%
Ryder System Inc Common Stock USD.50.40%
Matador Resources Co Common Stock USD.010.38%
Darling Ingredients Inc Common Stock USD.010.38%
Avnet Inc Common Stock USD1.00.37%
Commercial Metals Co Common Stock USD.010.37%
Viasat Inc Common Stock USD.00010.36%
Chord Energy Corp Common Stock0.36%
Axis Capital Holdings Ltd Common Stock USD.01250.34%
Adt Inc Common Stock USD.010.34%
Valley National Bancorp Common Stock0.34%
Onemain Holdings Inc Common Stock USD.010.34%
Old National Bancorp Common Stock0.34%
Macy’s Inc Common Stock USD.010.34%
Oshkosh Corp Common Stock USD.010.33%
Prosperity Bancshares Inc Common Stock USD1.00.33%
Matson Inc Common Stock0.32%
Columbia Banking System Inc Common Stock0.32%
Norwegian Cruise Line Holdin Common Stock USD.0010.31%
Murphy Oil Corp Common Stock USD1.00.31%
Mgic Investment Corp Common Stock USD1.00.31%
Albertsons Cos Inc Class A Common Stock USD.010.31%
Nov Inc Common Stock USD.010.31%
Umb Financial Corp Common Stock USD1.00.31%
Globus Medical Inc A Common Stock USD.0010.30%
Wintrust Financial Corp Common Stock0.30%
Ingredion Inc Common Stock USD.010.30%
Lincoln National Corp Common Stock0.29%
Lear Corp Common Stock USD.010.29%
Timken Co Common Stock0.29%
Essent Group Ltd Common Stock USD.0150.29%
Kirby Corp Common Stock USD.10.28%
International Seaways Inc Common Stock0.28%
United Bankshares Inc Common Stock USD2.50.28%
First American Financial Common Stock USD.000010.28%
Fnb Corp Common Stock USD.010.28%
Noble Corp PLC Common Stock USD.000010.28%
Autonation Inc Common Stock USD.010.28%
Hancock Whitney Corp Common Stock USD3.330.27%
Bank Ozk Common Stock0.27%
Genpact Ltd Common Stock USD.010.27%
Transocean Ltd Common Stock CHF.10.27%
Caci International Inc Class A Common Stock USD.10.27%
Sm Energy Co Common Stock USD.010.27%
Herc Holdings Inc Common Stock USD.010.26%

Only in SCHV

462 securities, 96.1% of SCHV by weight

Berkshire Hathaway Inc Class B3.29%
JPMorgan Chase2.98%
Exxonmobil Holdings Corp2.46%
Johnson & Johnson2.16%
Walmart1.76%
AbbVie1.67%
Intel Corporation Corp1.49%
Chevron1.49%
Cisco Systems Inc1.39%
Procter & Gamble1.22%
Merck & Co Inc1.18%
Coca-Cola1.17%
Bank of America1.08%
Home Depot1.07%
Philip Morris International1.06%
Lam Research1.04%
Texas Instrument0.93%
Goldman Sachs Group0.88%
Rtx0.88%
Netflix0.84%
Wells Fargo0.84%
Amgen Inc0.81%
International Business Machines Co0.79%
Oracle0.79%
Morgan Stanley0.74%
Analog Devices0.69%
Citigroup0.69%
Gilead Sciences0.67%
Amphenol Corp Class A0.66%
Qualcomm0.65%
Space Exploration Technologies Cor0.64%
Marvell Technology0.62%
Salesforce0.62%
Pepsico0.59%
Mcdonalds Corp0.59%
Verizon Communications Inc0.59%
Abbott Laboratories0.59%
Conocophillips0.59%
Union Pacific0.58%
Nextera Energy0.56%
Pfizer0.56%
American Express0.56%
Welltower0.55%
Tjx0.51%
Accenture PLC Class A0.49%
Danaher0.48%
Charles Schwab0.47%
Dell Technologies Inc Class C0.47%
AT&T0.47%
Progressive0.44%

Weight gaps

The 100 widest of 106 Holdings in both funds.

Holding weights in DFAT and SCHV, widest gap first
Holding	More in DFATMore in SCHV	DFAT	SCHV
Ovintiv Inc Common StockOVV	DFAT +0.82 points	0.88%	0.06%
Apa Corp Common Stock USD.625APA	DFAT +0.70 points	0.76%	0.06%
Cnh Industrial NV Common Stock EUR.01CNH	DFAT +0.65 points	0.68%	0.03%
Ball Corp Common StockBALL	DFAT +0.64 points	0.70%	0.06%
Jm Smucker Co/The Common StockSJM	DFAT +0.60 points	0.64%	0.04%
Toll Brothers Inc Common Stock USD.01TOL	DFAT +0.59 points	0.63%	0.04%
Antero Resources Corp Common Stock USD.01AR	DFAT +0.58 points	0.62%	0.04%
Hf Sinclair Corp Common StockDINO	DFAT +0.56 points	0.62%	0.06%
Arrow Electronics Inc Common Stock USD1.0ARW	DFAT +0.51 points	0.55%	0.04%
Borgwarner Inc Common Stock USD.01BWA	DFAT +0.50 points	0.54%	0.04%
Ally Financial Inc Common Stock USD.01ALLY	DFAT +0.49 points	0.53%	0.04%
Renaissancere Holdings Ltd Common Stock USD1.0RNR	DFAT +0.48 points	0.53%	0.05%
Performance Food Group Co Common Stock USD.01PFGC	DFAT +0.48 points	0.53%	0.05%
First Horizon Corp Common Stock USD.625FHN	DFAT +0.47 points	0.51%	0.04%
Invesco Ltd Common Stock USD.2IVZ	DFAT +0.48 points	0.52%	0.04%
Corebridge Financial Inc Common Stock USD.01CRBG	DFAT +0.46 points	0.49%	0.03%
Revvity Inc Common Stock USD1.0RVTY	DFAT +0.45 points	0.51%	0.06%
Globe Life Inc Common Stock USD1.0GL	DFAT +0.45 points	0.49%	0.04%
Franklin Templeton Inc Common Stock USD.1BEN	DFAT +0.44 points	0.47%	0.03%
Range Resources Corp Common Stock USD.01RRC	DFAT +0.42 points	0.46%	0.04%
Universal Health Services B Common Stock USD.01UHS	DFAT +0.41 points	0.43%	0.03%
Zions Bancorp Na Common Stock USD.001ZION	DFAT +0.41 points	0.44%	0.03%
Elanco Animal Health Inc Common StockELAN	DFAT +0.39 points	0.43%	0.04%
Permian Resources Corp Class A Common Stock USD.0001PR	DFAT +0.37 points	0.44%	0.07%
Stanley Black & Decker Inc Common Stock USD2.5SWK	DFAT +0.37 points	0.42%	0.05%
Owens Corning Common Stock USD.001OC	DFAT +0.36 points	0.39%	0.03%
Amkor Technology Inc Common Stock USD.001AMKR	DFAT +0.35 points	0.37%	0.02%
Jones Lang Lasalle Inc Common Stock USD.01JLL	DFAT +0.35 points	0.40%	0.05%
Knight Swift Transportation Common Stock USD.01KNX	DFAT +0.35 points	0.38%	0.03%
Pinnacle Financial Partners Common Stock USD1.0PNFP	DFAT +0.34 points	0.39%	0.05%
Regal Rexnord Corp Common Stock USD.01RRX	DFAT +0.33 points	0.37%	0.04%
Lithia Motors Inc Common StockLAD	DFAT +0.33 points	0.35%	0.02%
Akamai Technologies Inc Common Stock USD.01AKAM	DFAT +0.33 points	0.38%	0.05%
Bok Financial Corporation Common Stock USD.00006BOKF	DFAT +0.33 points	0.34%	<0.01%
Reinsurance Group of America Common Stock USD.01RGA	DFAT +0.32 points	0.38%	0.06%
Mohawk Industries Inc Common Stock USD.01MHK	DFAT +0.33 points	0.35%	0.02%
Skyworks Solutions Inc Common Stock USD.25SWKS	DFAT +0.31 points	0.38%	0.07%
Axalta Coating Systems Ltd Common Stock USD1.0AXTA	DFAT +0.31 points	0.33%	0.02%
Molson Coors Beverage Co B Common Stock USD.01TAP	DFAT +0.31 points	0.33%	0.02%
Transunion Common Stock USD.01TRU	DFAT +0.30 points	0.35%	0.05%
Hormel Foods Corp Common Stock USD.01465HRL	DFAT +0.30 points	0.32%	0.02%
Agco Corp Common Stock USD.01AGCO	DFAT +0.29 points	0.31%	0.02%
Sirius Xm Holdings Inc Common StockSIRI	DFAT +0.28 points	0.30%	0.02%
Unum Group Common Stock USD.1UNM	DFAT +0.29 points	0.33%	0.04%
Brown Forman Corp Class B Common Stock USD.15BF.B	DFAT +0.28 points	0.30%	0.02%
Alcoa Corp Common Stock USD.01AA	DFAT +0.29 points	0.32%	0.03%
Align Technology Inc Common Stock USD.0001ALGN	DFAT +0.27 points	0.30%	0.03%
Cooper Cos Inc/The Common Stock USD.1COO	DFAT +0.27 points	0.31%	0.04%
Avantor Inc Common Stock USD.01AVTR	DFAT +0.26 points	0.30%	0.04%
Lululemon Athletica Inc Common Stock USD.005LULU	DFAT +0.25 points	0.29%	0.04%
Eastman Chemical Co Common Stock USD.01EMN	DFAT +0.24 points	0.27%	0.03%
Assurant Inc Common Stock USD.01AIZ	DFAT +0.24 points	0.29%	0.05%
Commerce Bancshares Inc Common Stock USD5.0CBSH	DFAT +0.25 points	0.27%	0.02%
Aptargroup Inc Common Stock USD.01ATR	DFAT +0.24 points	0.27%	0.03%
Dt Midstream Inc Common Stock USD.01DTM	DFAT +0.24 points	0.28%	0.04%
Henry Schein Inc Common Stock USD.01HSIC	DFAT +0.23 points	0.26%	0.03%
Old Republic Intl Corp Common Stock USD1.0ORI	DFAT +0.23 points	0.26%	0.03%
Solventum Corp Common StockSOLV	DFAT +0.23 points	0.27%	0.04%
Dick’s Sporting Goods Inc Common Stock USD.01DKS	DFAT +0.22 points	0.25%	0.03%
Textron Inc Common Stock USD.125TXT	DFAT +0.21 points	0.26%	0.05%
Jazz Pharmaceuticals PLC Common Stock USD.0001JAZZ	DFAT +0.22 points	0.26%	0.04%
Wesco International Inc Common Stock USD.01WCC	DFAT +0.21 points	0.27%	0.06%
Cullen/Frost Bankers Inc Common Stock USD.01CFR	DFAT +0.21 points	0.24%	0.03%
Fidelity National Financial Common Stock USD.0001FNF	DFAT +0.20 points	0.23%	0.03%
Molina Healthcare Inc Common Stock USD.001MOH	DFAT +0.20 points	0.23%	0.03%
Western Alliance Bancorp Common Stock USD.0001WAL	DFAT +0.18 points	0.21%	0.03%
James Hardie Ind PLC Common Stock EUR.59JHX	DFAT +0.18 points	0.23%	0.05%
Everest Group Ltd Common Stock USD.01EG	DFAT +0.17 points	0.22%	0.05%
Conagra Brands Inc Common Stock USD5.0CAG	DFAT +0.17 points	0.19%	0.02%
Autoliv Inc Common Stock USD1.0ALV	DFAT +0.16 points	0.19%	0.03%
Leidos Holdings Inc Common Stock USD.0001LDOS	DFAT +0.16 points	0.22%	0.06%
Voya Financial Inc Common Stock USD.01VOYA	DFAT +0.16 points	0.19%	0.03%
Standardaero Inc Common Stock USD.01SARO	DFAT +0.15 points	0.17%	0.02%
Primo Brands Corp Common Stock USD.01PRMB	DFAT +0.15 points	0.17%	0.02%
Acuity Inc Common Stock USD.01AYI	DFAT +0.15 points	0.18%	0.03%
Westlake Corp Common Stock USD.01WLK	DFAT +0.14 points	0.15%	<0.01%
Huntington Ingalls Industrie Common Stock USD.01HII	DFAT +0.14 points	0.18%	0.04%
Genuine Parts Co Common Stock USD1.0GPC	DFAT +0.14 points	0.19%	0.05%
Mccormick & Co Non Vtg Shrs Common Stock USD.01MKC	DFAT +0.13 points	0.17%	0.04%
American Financial Group Inc Common StockAFG	DFAT +0.13 points	0.16%	0.03%
Carmax Inc Common Stock USD.5KMX	DFAT +0.11 points	0.14%	0.03%
Lamb Weston Holdings Inc Common Stock USD1.0LW	DFAT +0.11 points	0.13%	0.02%
Pentair PLC Common Stock USD.01PNR	DFAT +0.11 points	0.14%	0.03%
News Corp Class A Common Stock USD.01NWSA	DFAT +0.10 points	0.15%	0.05%
Coeur Mining Inc Common Stock USD.01CDE	DFAT +0.10 points	0.15%	0.05%
Stifel Financial Corp Common Stock USD.15SF	DFAT +0.09 points	0.12%	0.03%
Penske Automotive Group Inc Common Stock USD.0001PAG	DFAT +0.08 points	0.09%	0.01%
Gamestop Corp Class A Common Stock USD.001GME	DFAT +0.06 points	0.09%	0.03%
Td Synnex Corp Common Stock USD.001SNX	SCHV +0.06 points	0.01%	0.07%
Idex Corp Common Stock USD.01IEX	DFAT +0.05 points	0.11%	0.06%
Trimble Inc Common Stock USD.001TRMB	DFAT +0.05 points	0.10%	0.05%
East West Bancorp Inc Common Stock USD.001EWBC	DFAT +0.04 points	0.10%	0.06%
Aptiv PLC Common Stock USD.01APTV	DFAT +0.04 points	0.07%	0.03%
Mueller Industries Inc Common Stock USD.01MLI	SCHV +0.03 points	<0.01%	0.04%
Somnigroup International Inc Common Stock USD.01SGI	SCHV +0.03 points	0.02%	0.05%
Albemarle Corp Common Stock USD.01ALB	DFAT +0.02 points	0.06%	0.04%
Viatris Inc Common StockVTRS	DFAT +0.03 points	0.10%	0.07%
Bio Rad Laboratories A Common Stock USD.0001BIO	DFAT +0.02 points	0.04%	0.02%
Biomarin Pharmaceutical Inc Common Stock USD.001BMRN	DFAT +0.01 points	0.05%	0.04%
Aramark Common Stock USD.01ARMK	SCHV +0.02 points	0.03%	0.05%

All 1,527 DFAT holdings⁠All 570 SCHV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DFAT vs SCHV Cost

Overpaying DFAT vs SCHV

$4,906

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DFAT 0.28%
$5,755
SCHV 0.04%
$849

Amount$10,000

Years30 years

Cost over time

DFAT 0.28%
SCHV 0.04%
Overpaying

Year by year

Year	DFAT	SCHV	Overpaying
10	$509	$73	$436
20	$1,976	$288	$1,688
30	$5,755	$849	$4,906

Expense ratio

0.28%DFAT
0.04%SCHV, cheaper

SCHV0.04%DFAT0.28%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

SCHV 3rd cheapest of 40 funds

DFAT 25th cheapest of 40 funds

DFAT vs SCHV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFAT 1.33%; SCHV 1.81%, better
Payout (12M): DFAT $0.93; SCHV $0.63
Last payment: DFAT $0.25; SCHV $0.16
Ex-dividend: DFAT Sep 22, 2026; SCHV Sep 23, 2026
Paid on: DFAT Sep 24, 2026; SCHV Sep 28, 2026
Frequency: DFAT Quarterly; SCHV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DFATQuarterly · 39 paymentsAll DFAT payments⁠

SCHVQuarterly · 40 paymentsAll SCHV payments⁠

DFAT vs SCHV Risk

Fall from peak · 5 years

DFAT
SCHV

Risk facts

VolatilityStd dev, 3 years: DFAT 18.1%SCHV 11.9%, better
Return per unit of riskSharpe ratio, 3 years: DFAT 0.82SCHV 1.31, better
Worst fallMax drawdown, 5 years: DFAT −26.1%SCHV −19.8%, better
Market sensitivityBeta, 5 years: DFAT 0.99SCHV 0.76; Market = 1

DFAT and SCHV in the news

All news⁠

Best ETFs
Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list
Updated Nov 2, 2026SCHV
Category Review
One US value fund returned 68% with Micron at 22.5%. The median returned 22%
Updated Sep 23, 2026SCHV

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DFAT vs SCHV

In short

Stated mandate

Why people hold it

Worth knowing

How DFAT and SCHV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFAT

Only in SCHV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list

One US value fund returned 68% with Micron at 22.5%. The median returned 22%

How DFAT and SCHV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFAT

Only in SCHV

Weight gaps