FAB vs SCHV: Grades, Fees and Holdings Compared

First Trust Multi Cap Value AlphaDEX Fund

FABCNasdaq

Schwab U.S. Large-Cap Value ETF

SCHVANYSE Arca

Overlap

24.5%by weight

Expense ratio

SCHV −0.62pt a year

FAB0.66%SCHV0.04%

Avg volume · 30D

SCHV 199.6×the volume

FAB15.9KSCHV3.17M

10Y return · a year

SCHV +0.6pt

FAB+11.0%SCHV+11.6%

FAB vs SCHV Performance

Oct 29, 2021 – Oct 30, 2026

+60.7%FAB+63.8%SCHV

Expense ratio: FAB 0.66%; SCHV 0.04%, better
Fund size: FAB $165M; SCHV $15.7B
1Y total return: FAB +26.9%, better; SCHV +22.1%
Yield (12M): FAB 1.65%; SCHV 1.81%, better
Holdings: FAB 675; SCHV 568
Avg volume (30D): FAB 15.9K sh; SCHV 3.17M sh, better
NAV per share: FAB $106.67; SCHV $34.62
52W range

ETF.net Grade

Pillar letters and Scores for FAB, SCHV, with each pillar’s weight
Pillar	FAB	SCHV
Cost30% weight	F8	A96Higher
Mission25% weight	A93Higher	A88
Risk15% weight	C45	B68Higher
Tradability15% weight	C53	A95Higher
Holdings10% weight	A84Higher	B59
Durability5% weight	C52	B68Higher

Rank among US Value Index funds

How we build Categories ›

Same Category. FAB 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 FAB 26th 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 25CPRXVPraxis Impact Large Cap Value ETFScore 53
Rank 26CFABFirst Trust Multi Cap Value AlphaDEX FundScore 51
Rank 26CFTAFirst Trust Large Cap Value AlphaDEX FundScore 51

Our read on each fund

ETF.net Research

FABCFirst Trust Multi Cap Value AlphaDEX Fund

SCHVASchwab U.S. Large-Cap Value ETF

In short

FAB One of the original 2007 AlphaDEX funds: rather than buying value by size, it scores stocks on value and growth factors, cuts the weakest ranks, and tier-weights the roughly 700 survivors across large, mid and small caps.

SCHV No data

Stated mandate

FAB The Fund seeks to track, before fees and expenses, the price and yield performance of the Nasdaq AlphaDEX Multi Cap ValueTM Index. It normally invests at least 90% of net assets in securities comprising that Index.

SCHV No data

Why people hold it

FAB The rules rank stocks on value and growth factors, drop the lowest-ranked names, then sort the keepers into five weight tiers, so higher-ranked picks get the bigger slice.sec.gov nasdaq.com
Weights follow rank, not market cap (equal weighting inside each tier), so the portfolio has a different shape than cap-weighted value peers like VTV and IWD.nasdaq.com
Roughly 700 holdings reaching down into mid and small caps, a wider value net than a large-cap-only screen.
It sticks to the job description: at least 90% of net assets in its Nasdaq index constituents, and it has tracked that index closely.

SCHV No data

Worth knowing

FAB At 0.66% a year it costs several times the roughly 0.20% median for US value ETFs. The quant screening and reweighting is what the fee buys.
Shares change hands thinly, which can mean wider bid-ask spreads and more slippage on bigger orders than the giants of the category.
The index is reconstituted and rebalanced quarterly, so the roster turns over faster than a slow-moving cap-weighted index, which can add trading and tax friction.sec.gov

SCHV No data

Full FAB profile⁠

Full SCHV profile⁠

FAB vs SCHV Holdings

How FAB and SCHV differ

Overlap by weight

24.5%

Shared holdings make up 55.2% of FAB and 38.4% of SCHV.

Level by level

Holdings250 in both24.5%
Sector11 Sectors79.5%
Countryby domicile96.4%
Asset classEquity100%

Sector

Sector weights in FAB and SCHV, widest gap first
Sector	More in FABMore in SCHV	FAB	SCHV
Technology	SCHV +8.5 points	9.1%	17.6%
Health Care	SCHV +7.3 points	6.9%	14.2%
Consumer Discretionary	FAB +6.3 points	12.6%	6.3%
Energy	FAB +6.0 points	13.3%	7.3%
Utilities	FAB +3.4 points	7.3%	3.9%
Consumer Staples	SCHV +2.5 points	6.3%	8.8%
Industrials	SCHV +2.2 points	9.1%	11.3%
Real Estate	FAB +2.1 points	6.1%	4.0%
Financials	FAB +1.2 points	21.6%	20.4%
Materials	FAB +1.0 points	3.8%	2.8%
Communication	FAB +0.4 points	3.9%	3.5%

Country, concentration and asset class

Country by domicile

Country weights in FAB and SCHV, widest gap first
Country	More in FABMore in SCHV	FAB	SCHV
United States	SCHV +3.2 points	95.7%	98.9%
Bermuda	FAB +2.0 points	2.0%	0.0%
Ireland	FAB +1.1 points	1.2%	0.1%
Other countries (6)	FAB +0.1 points	1.1%	1.0%

Concentration

Weight in the 10 largest Holdings

FAB5.0%
SCHV19.9%

Securities held

FAB674
SCHV568

Asset class

FAB: Equity
SCHV: Equity

Holdings

Only in FAB424
In both250
Only in SCHV318

Only in FAB

424 securities, 44.6% of FAB by weight

Carnival Corporation Ltd.0.49%
PTC Inc.0.46%
Roper Technologies, Inc.0.44%
Diamondback Energy, Inc.0.38%
First Citizens BancShares, Inc. (Class A)0.38%
Martin Marietta Materials, Inc.0.37%
Super Micro Computer, Inc.0.33%
ADT Inc.0.33%
Delta Air Lines, Inc.0.32%
Phillips 660.27%
The Walt Disney Company0.26%
CNX Resources Corporation0.25%
SM Energy Company0.24%
Murphy Oil Corporation0.24%
Matador Resources Company0.24%
Chord Energy Corporation0.24%
Radian Group Inc.0.24%
Essent Group Ltd.0.24%
Spire Inc.0.24%
Southwest Gas Holdings, Inc.0.23%
White Mountains Insurance Group Ltd.0.23%
Magnolia Oil & Gas Corporation (Class A)0.23%
Axis Capital Holdings Limited0.23%
Bank OZK0.23%
MGIC Investment Corporation0.23%
Boyd Gaming Corporation0.22%
Enact Holdings, Inc.0.22%
Lyft, Inc. (Class A)0.22%
Macy's, Inc.0.22%
First American Financial Corporation0.22%
National Fuel Gas Company0.21%
EPAM Systems, Inc.0.21%
Mercury General Corporation0.21%
Commercial Metals Company0.21%
Crocs, Inc.0.21%
Sonoco Products Company0.21%
Lincoln National Corporation0.21%
International Seaways, Inc.0.21%
PBF Energy Inc.0.21%
Ingredion Incorporated0.21%
H&R Block, Inc.0.21%
Lear Corporation0.21%
Intuit Inc.0.21%
Regeneron Pharmaceuticals, Inc.0.20%
Versant Media Group, Inc. (Class A)0.20%
Millrose Properties, Inc. (Class A)0.20%
The Gap, Inc.0.20%
Abercrombie & Fitch Co. (Class A)0.20%
Genpact Limited0.20%
Amentum Holdings, Inc.0.20%

Only in SCHV

318 securities, 61.6% of SCHV by weight

JPMorgan Chase2.98%
Johnson & Johnson2.16%
Walmart1.76%
AbbVie1.67%
Intel Corporation Corp1.49%
Cisco Systems Inc1.39%
Procter & Gamble1.22%
Merck & Co Inc1.18%
Coca-Cola1.17%
Philip Morris International1.06%
Lam Research1.04%
Texas Instrument0.93%
Goldman Sachs Group0.88%
Rtx0.88%
Netflix0.84%
Amgen Inc0.81%
International Business Machines Co0.79%
Oracle0.79%
Morgan Stanley0.74%
Analog Devices0.69%
Gilead Sciences0.67%
Amphenol Corp Class A0.66%
Qualcomm0.65%
Space Exploration Technologies Cor0.64%
Marvell Technology0.62%
Mcdonalds Corp0.59%
Abbott Laboratories0.59%
Union Pacific0.58%
Nextera Energy0.56%
Pfizer0.56%
American Express0.56%
Welltower0.55%
Tjx0.51%
Danaher0.48%
Charles Schwab0.47%
Dell Technologies Inc Class C0.47%
Altria Group Inc0.42%
Prologis Reit0.40%
Starbucks Corp0.39%
Newmont0.38%
Automatic Data Processing Inc0.37%
Stryker0.35%
Cme Group Class A0.35%
Corning0.33%
Bank of New York Mellon Corp0.33%
Duke Energy Corp0.32%
Csx0.32%
Johnson Controls International PLC0.31%
Emerson Electric0.31%
Freeport Mcmoran Inc0.31%

Weight gaps

The 100 widest of 250 Holdings in both funds.

Holding weights in FAB and SCHV, widest gap first
Holding	More in FABMore in SCHV	FAB	SCHV
Berkshire Hathaway Inc. (Class B)BRK.B	SCHV +2.84 points	0.45%	3.29%
ExxonMobil Holdings Corp.XOM	SCHV +2.18 points	0.28%	2.46%
Chevron CorporationCVX	SCHV +1.11 points	0.38%	1.49%
The Home Depot, Inc.HD	SCHV +0.98 points	0.09%	1.07%
Bank of America CorporationBAC	SCHV +0.93 points	0.15%	1.08%
Salesforce, Inc.CRM	SCHV +0.54 points	0.08%	0.62%
PepsiCo, Inc.PEP	SCHV +0.50 points	0.09%	0.59%
Wells Fargo & CompanyWFC	SCHV +0.49 points	0.35%	0.84%
Ovintiv Inc.OVV	FAB +0.46 points	0.52%	0.06%
Citigroup Inc.C	SCHV +0.46 points	0.23%	0.69%
Permian Resources Corp.PR	FAB +0.44 points	0.51%	0.07%
Constellation Brands, Inc. (Class A)STZ	FAB +0.44 points	0.50%	0.06%
Global Payments Inc.GPN	FAB +0.43 points	0.49%	0.06%
Fidelity National Information Services, Inc.FIS	FAB +0.43 points	0.49%	0.06%
Amcor plcAMCR	FAB +0.40 points	0.47%	0.07%
HF Sinclair Corp.DINO	FAB +0.39 points	0.45%	0.06%
CF Industries Holdings, Inc.CF	FAB +0.38 points	0.44%	0.06%
Cincinnati Financial CorporationCINF	FAB +0.38 points	0.47%	0.09%
Edison InternationalEIX	FAB +0.38 points	0.45%	0.07%
Expand Energy CorporationEXE	FAB +0.38 points	0.45%	0.07%
Cognizant Technology Solutions CorporationCTSH	FAB +0.38 points	0.47%	0.09%
Markel Group IncMKL	FAB +0.37 points	0.45%	0.08%
Charter Communications, Inc. (Class A)CHTR	FAB +0.38 points	0.42%	0.04%
Fiserv, Inc.FISV	FAB +0.38 points	0.46%	0.08%
PulteGroup, Inc.PHM	FAB +0.37 points	0.45%	0.08%
Arch Capital Group Ltd.ACGL	FAB +0.36 points	0.48%	0.12%
EQT CorporationEQT	FAB +0.36 points	0.47%	0.11%
Annaly Capital Management, Inc.NLY	FAB +0.35 points	0.40%	0.05%
VICI Properties Inc.VICI	FAB +0.35 points	0.44%	0.09%
Fox Corporation (Class A)FOXA	FAB +0.35 points	0.42%	0.07%
PG&E CorporationPCG	FAB +0.35 points	0.45%	0.10%
T. Rowe Price Group, Inc.TROW	FAB +0.34 points	0.41%	0.07%
Jones Lang LaSalle IncorporatedJLL	FAB +0.34 points	0.39%	0.05%
The Hartford Insurance Group, Inc.HIG	FAB +0.33 points	0.45%	0.12%
Leidos Holdings, Inc.LDOS	FAB +0.33 points	0.39%	0.06%
Occidental Petroleum CorporationOXY	FAB +0.33 points	0.48%	0.15%
Lockheed Martin CorporationLMT	SCHV +0.33 points	0.10%	0.43%
American International Group, Inc.AIG	FAB +0.32 points	0.46%	0.14%
Broadridge Financial Solutions, Inc.BR	FAB +0.30 points	0.37%	0.07%
Evergy, Inc.EVRG	FAB +0.30 points	0.36%	0.06%
Loews CorporationL	FAB +0.29 points	0.35%	0.06%
Zimmer Biomet Holdings, Inc.ZBH	FAB +0.29 points	0.35%	0.06%
Devon Energy CorporationDVN	FAB +0.29 points	0.47%	0.18%
Tenet Healthcare CorporationTHC	FAB +0.29 points	0.36%	0.07%
Halliburton CompanyHAL	FAB +0.28 points	0.38%	0.10%
The Allstate CorporationALL	FAB +0.28 points	0.49%	0.21%
PPL CorporationPPL	FAB +0.27 points	0.36%	0.09%
Eversource EnergyES	FAB +0.28 points	0.35%	0.08%
Synchrony FinancialSYF	FAB +0.27 points	0.35%	0.08%
Gen Digital Inc.GEN	FAB +0.27 points	0.32%	0.05%
Ameren CorporationAEE	FAB +0.27 points	0.37%	0.10%
Range Resources CorporationRRC	FAB +0.26 points	0.30%	0.04%
Smurfit Westrock PlcSW	FAB +0.25 points	0.32%	0.07%
Consolidated Edison, Inc.ED	FAB +0.24 points	0.38%	0.14%
D.R. Horton, Inc.DHI	FAB +0.24 points	0.35%	0.12%
Ball CorporationBALL	FAB +0.23 points	0.29%	0.06%
M&T Bank CorporationMTB	FAB +0.23 points	0.34%	0.11%
Exelon CorporationEXC	FAB +0.23 points	0.38%	0.15%
EOG Resources, Inc.EOG	FAB +0.22 points	0.50%	0.28%
Antero Resources CorporationAR	FAB +0.22 points	0.26%	0.04%
General Dynamics CorporationGD	SCHV +0.22 points	0.09%	0.31%
Xcel Energy Inc.XEL	FAB +0.22 points	0.38%	0.16%
Brown & Brown, Inc.BRO	FAB +0.22 points	0.28%	0.06%
Sirius XM Holdings Inc.SIRI	FAB +0.21 points	0.23%	0.02%
Mohawk Industries, Inc.MHK	FAB +0.21 points	0.23%	0.02%
NiSource Inc.NI	FAB +0.21 points	0.28%	0.07%
Dollar Tree, Inc.DLTR	FAB +0.20 points	0.28%	0.08%
Lennar CorporationLEN	FAB +0.20 points	0.26%	0.06%
PayPal Holdings, Inc.PYPL	FAB +0.20 points	0.36%	0.16%
APA CorporationAPA	FAB +0.20 points	0.26%	0.06%
CVS Health CorporationCVS	SCHV +0.20 points	0.17%	0.38%
Medtronic PlcMDT	SCHV +0.20 points	0.19%	0.39%
United Airlines Holdings, Inc.UAL	FAB +0.20 points	0.31%	0.11%
Honeywell International Inc.HON	FAB +0.20 points	0.43%	0.23%
CMS Energy CorporationCMS	FAB +0.20 points	0.27%	0.07%
Best Buy Co., Inc.BBY	FAB +0.20 points	0.26%	0.06%
Invitation Homes Inc.INVH	FAB +0.19 points	0.24%	0.05%
KeyCorpKEY	FAB +0.20 points	0.26%	0.06%
PPG Industries, Inc.PPG	FAB +0.19 points	0.28%	0.09%
Lowe's Companies, Inc.LOW	SCHV +0.19 points	0.19%	0.38%
Lithia Motors, Inc.LAD	FAB +0.19 points	0.21%	0.02%
Viatris Inc.VTRS	FAB +0.19 points	0.26%	0.07%
Copart, Inc.CPRT	FAB +0.19 points	0.27%	0.08%
Comcast Corporation (Class A)CMCSA	FAB +0.18 points	0.44%	0.26%
Verizon Communications Inc.VZ	SCHV +0.18 points	0.41%	0.59%
Everest Group, Ltd.EG	FAB +0.18 points	0.23%	0.05%
DTE Energy CompanyDTE	FAB +0.18 points	0.27%	0.09%
Regions Financial CorporationRF	FAB +0.18 points	0.26%	0.08%
Universal Health Services, Inc. (Class B)UHS	FAB +0.18 points	0.21%	0.03%
Dollar General CorporationDG	FAB +0.18 points	0.27%	0.09%
Atmos Energy CorporationATO	FAB +0.18 points	0.27%	0.09%
RenaissanceRe Holdings Ltd.RNR	FAB +0.17 points	0.22%	0.05%
Zoetis Inc.ZTS	FAB +0.17 points	0.28%	0.11%
SLB Ltd.SLB	SCHV +0.17 points	0.09%	0.26%
Bunge Global S.A.BG	FAB +0.17 points	0.22%	0.05%
McCormick & Company, IncorporatedMKC	FAB +0.17 points	0.21%	0.04%
Mondelez International, Inc.MDLZ	SCHV +0.17 points	0.09%	0.26%
CRH PlcCRH	FAB +0.16 points	0.36%	0.20%
Bristol-Myers Squibb CompanyBMY	SCHV +0.17 points	0.24%	0.41%
Sunbelt Rentals Holdings, Inc.SUNB	FAB +0.17 points	0.28%	0.11%

All 674 FAB 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.

FAB vs SCHV Cost

Overpaying FAB vs SCHV

$12,047

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

FAB 0.66%
$12,896
SCHV 0.04%
$849

Amount$10,000

Years30 years

Cost over time

FAB 0.66%
SCHV 0.04%
Overpaying

Year by year

Year	FAB	SCHV	Overpaying
10	$1,180	$73	$1,107
20	$4,504	$288	$4,216
30	$12,896	$849	$12,047

Expense ratio

0.66%FAB
0.04%SCHV, cheaper

SCHV0.04%FAB0.66%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

SCHV 3rd cheapest of 40 funds

FAB 37th cheapest of 40 funds

FAB vs SCHV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FAB 1.65%; SCHV 1.81%, better
Payout (12M): FAB $1.76; SCHV $0.63
Last payment: FAB $0.54; SCHV $0.16
Ex-dividend: FAB Sep 24, 2026; SCHV Sep 23, 2026
Paid on: FAB Sep 30, 2026; SCHV Sep 28, 2026
Frequency: FAB Quarterly; SCHV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FABQuarterly · 39 paymentsAll FAB payments⁠

SCHVQuarterly · 40 paymentsAll SCHV payments⁠

FAB vs SCHV Risk

Fall from peak · 5 years

FAB
SCHV

Risk facts

VolatilityStd dev, 3 years: FAB 15.5%SCHV 11.9%, better
Return per unit of riskSharpe ratio, 3 years: FAB 0.92SCHV 1.31, better
Worst fallMax drawdown, 5 years: FAB −22.9%SCHV −19.8%, better
Market sensitivityBeta, 5 years: FAB 0.77SCHV 0.76; Market = 1

FAB 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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FAB vs SCHV

In short

Stated mandate

Why people hold it

Worth knowing

How FAB and SCHV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FAB

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 FAB and SCHV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FAB

Only in SCHV

Weight gaps