FELV vs SCHV: Grades, Fees and Holdings Compared

Fidelity Enhanced Large Cap Value ETF

FELVBNYSE Arca

Schwab U.S. Large-Cap Value ETF

SCHVANYSE Arca

Overlap

48.1%by weight

Expense ratio

SCHV −0.14pt a year

FELV0.18%SCHV0.04%

Avg volume · 30D

SCHV 12.0×the volume

FELV265KSCHV3.17M

FELV vs SCHV Performance

Oct 31, 2025 – Oct 30, 2026

+29.3%FELV+22.1%SCHV

Expense ratio: FELV 0.18%; SCHV 0.04%, better
Fund size: FELV $3.41B; SCHV $15.7B
1Y total return: FELV +29.3%, better; SCHV +22.1%
Yield (12M): FELV 1.38%; SCHV 1.81%, better
Holdings: FELV 404; SCHV 568
Avg volume (30D): FELV 265K sh; SCHV 3.17M sh, better
NAV per share: FELV $42.95; SCHV $34.62
52W range

ETF.net Grade

Pillar letters and Scores for FELV, SCHV, with each pillar’s weight
Pillar	FELV	SCHV
Cost30% weight	B59	A96Higher
Mission25% weight	Not scored	A88
Risk15% weight	A81Higher	B68
Tradability15% weight	B58	A95Higher
Holdings10% weight	C40	B59Higher
Durability5% weight	B60	B68Higher

Rank among US Value Index funds

How we build Categories ›

Same Category. FELV 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 FELV 16th 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 14BIWNiShares Russell 2000 Value ETFScore 63
Rank 16BFELVFidelity Enhanced Large Cap Value ETF Score 60
Rank 17BFVALFidelity Value Factor ETFScore 59

Our read on each fund

ETF.net Research

FELVBFidelity Enhanced Large Cap Value ETF

SCHVASchwab U.S. Large-Cap Value ETF

In short

FELV Index-fund shape, active brain. Fidelity's quant models tilt roughly 300 large-cap value stocks while the Russell 1000 Value stays the yardstick, and the whole thing costs 0.18%, the median fee in its peer group.

SCHV No data

Stated mandate

FELV The fund is a diversified domestic equity strategy focused on large-cap value stocks. It uses quantitative, multifactor statistical models to seek benchmark outperformance.

SCHV No data

Why people hold it

FELV Quantitative multifactor models choose the holdings, but the Russell 1000 Value Index remains the benchmark, so the portfolio still looks and behaves like US large-cap value.
At 0.18%, it costs exactly the median of its value-factor peer group, unusual for a strategy that actively tries to beat its index rather than match it.
Same 0.18% as IWD, the plain tracker on the same Russell 1000 Value benchmark, so the active tilt is not priced at a premium to that route.
A multi-billion-dollar fund spread across about 300 large-cap names, paying quarterly, run under a strategy whose track record starts at its 2007 launch.

SCHV No data

Worth knowing

FELV Plain-vanilla value beta is cheaper: VTV charges 0.03% and SCHV 0.04%. The quant tilt costs several times that.
Aiming to beat the Russell 1000 Value means results can diverge from it in either direction, which a straight index tracker will not do.
Moderately traded rather than a volume leader in its category, so spreads on larger orders can run wider than at the busiest value ETFs.

SCHV No data

Full FELV profile⁠

Full SCHV profile⁠

FELV vs SCHV Holdings

How FELV and SCHV differ

Overlap by weight

48.1%

Shared holdings make up 71.0% of SCHV and 62.8% of FELV.

Level by level

Holdings247 in both48.1%
Sector11 Sectors91.5%
Countryby domicile98.9%
Asset classEquity100%

Sector

Sector weights in FELV and SCHV, widest gap first
Sector	More in FELVMore in SCHV	FELV	SCHV
Technology	FELV +3.9 points	21.5%	17.6%
Consumer Discretionary	FELV +3.1 points	9.4%	6.3%
Consumer Staples	SCHV +2.9 points	5.9%	8.8%
Financials	SCHV +1.6 points	18.8%	20.4%
Energy	SCHV +1.5 points	5.8%	7.3%
Utilities	SCHV +1.2 points	2.7%	3.9%
Industrials	FELV +1.2 points	12.5%	11.3%
Real Estate	SCHV +0.6 points	3.4%	4.0%
Communication	SCHV +0.5 points	3.0%	3.5%
Health Care	SCHV +0.4 points	13.8%	14.2%
Materials	FELV +0.3 points	3.1%	2.8%

Country, concentration and asset class

Country by domicile

Country weights in FELV and SCHV, widest gap first
Country	More in FELVMore in SCHV	FELV	SCHV
United States	FELV +1.1 points	100.0%	98.9%
Switzerland	SCHV +0.6 points	0.0%	0.6%
Other countries (4)	SCHV +0.4 points	0.0%	0.4%

Concentration

Weight in the 10 largest Holdings

FELV29.6%
SCHV19.9%

Securities held

FELV401
SCHV568

Asset class

FELV: Equity
SCHV: Equity

Holdings

Only in FELV154
In both247
Only in SCHV321

Only in FELV

154 securities, 36.1% of FELV by weight

Apple Inc6.39%
Amazon.com Inc5.78%
Microsoft Corp4.61%
UnitedHealth Group Inc1.40%
Uber Technologies Inc0.75%
Regeneron Pharmaceuticals Inc0.74%
Eaton Corp PLC0.66%
Elevance Health Inc0.62%
Parker Hannifin Corp0.57%
Thermo Fisher Scientific Inc0.52%
Meta Platforms Inc Class A0.51%
Crh Plc(Us)0.50%
Commercial Metals Co0.49%
Block Inc Class A0.48%
Trane Technologies PLC0.47%
Costco Wholesale Corp0.45%
S&P Global Inc0.41%
Johnson Controls Internatl PLC0.41%
Fiserv Inc0.37%
Outfront Media Inc0.37%
Nxp Semiconductors NV0.34%
Equinix Inc0.32%
Western Digital Corp0.32%
Lyft Inc0.30%
Amdocs Ltd0.27%
Airbnb Inc Class A0.27%
Linde PLC0.27%
Tradeweb Markets Inc A0.25%
Allegion PLC0.25%
Fortinet Inc0.25%
Docusign Inc0.24%
Ge Aerospace0.23%
Synopsys Inc0.21%
Adt Inc0.20%
Hubspot Inc0.20%
Cirrus Logic Inc0.19%
Humana Inc0.18%
Chime Financial Inc0.17%
10X Genomics Inc0.17%
Five Below Inc0.17%
Phillips Edison & Co0.17%
Baker Hughes Co0.14%
Medtronic PLC0.14%
Eli Lilly & Co0.13%
Ge Vernova Inc0.13%
Accenture PLC Class A0.13%
Caesars Entertainment Inc0.13%
Veeva Sys Inc Class A0.12%
Extreme Networks Inc0.12%
Neurocrine Biosciences Inc0.12%

Only in SCHV

321 securities, 29.0% of SCHV by weight

Lam Research1.04%
Netflix0.84%
Amgen Inc0.81%
Oracle0.79%
Marvell Technology0.62%
American Express0.56%
Accenture PLC Class A0.49%
Chubb0.41%
Medtronic PLC0.39%
Lowes Companies Inc0.38%
Stryker0.35%
Corning0.33%
Johnson Controls International PLC0.31%
Emerson Electric0.31%
Elevance Health Inc0.30%
Blackstone0.29%
Waste Management Inc0.28%
Slb0.26%
Cintas0.24%
O Reilly Automotive0.23%
American Electric Power Inc0.23%
Hca Healthcare0.23%
Simon Property Group Reit Inc0.23%
Air Products and Chemicals0.23%
Arthur J Gallagher0.22%
Nxp Semiconductors NV0.22%
Monster Beverage0.22%
Bloom Energy Class A0.21%
Cencora0.21%
Oneok0.20%
Crh Public Limited PLC0.20%
Fastenal0.20%
Truist Financial0.20%
Cardinal Health0.19%
Aflac0.18%
Edwards Lifesciences0.18%
Realty Income Reit0.18%
Becton Dickinson0.18%
Entergy Corp0.17%
Honeywell Aerospace Inc0.17%
Rockwell Automation Inc0.16%
Xcel Energy Inc0.16%
Fifth Third Bancorp0.16%
Nasdaq Inc0.15%
Garmin0.15%
Ferguson Enterprises0.15%
Republic Services Inc0.15%
Nike Class B0.15%
Vivmark Residential0.14%
Yum Brands0.14%

Weight gaps

The 100 widest of 247 Holdings in both funds.

Holding weights in FELV and SCHV, widest gap first
Holding	More in FELVMore in SCHV	FELV	SCHV
Johnson & JohnsonJNJ	SCHV +0.97 points	1.19%	2.16%
Texas Instruments IncTXN	SCHV +0.86 points	0.07%	0.93%
Walmart IncWMT	SCHV +0.83 points	0.93%	1.76%
Home Depot IncHD	SCHV +0.83 points	0.24%	1.07%
AbbVie IncABBV	SCHV +0.69 points	0.98%	1.67%
Space Exploration Tech Corp ASPCX	SCHV +0.63 points	0.01%	0.64%
Coca Cola CoKO	SCHV +0.59 points	0.58%	1.17%
Mcdonalds CorpMCD	SCHV +0.56 points	0.03%	0.59%
Amphenol Corporation Class AAPH	SCHV +0.53 points	0.13%	0.66%
Tjx Companies Inc NewTJX	SCHV +0.51 points	0.00%	0.51%
Veralto CorpVLTO	FELV +0.46 points	0.54%	0.08%
Unity Software IncU	FELV +0.43 points	0.48%	0.05%
Ppl CorporationPPL	FELV +0.42 points	0.51%	0.09%
Progressive Corp OhioPGR	FELV +0.42 points	0.86%	0.44%
Intel CorpINTC	SCHV +0.42 points	1.07%	1.49%
Union Pacific CorpUNP	SCHV +0.41 points	0.17%	0.58%
Bristol-Myers Squibb CoBMY	FELV +0.41 points	0.82%	0.41%
Pfizer IncPFE	FELV +0.40 points	0.96%	0.56%
Exxonmobil Holdings CorpXOM	SCHV +0.41 points	2.05%	2.46%
Lockheed Martin CorpLMT	SCHV +0.40 points	0.03%	0.43%
Gilead Sciences IncGILD	FELV +0.40 points	1.07%	0.67%
Verizon Communications IncVZ	SCHV +0.39 points	0.20%	0.59%
SempraSRE	FELV +0.39 points	0.57%	0.18%
Dell Technologies Inc Class CDELL	SCHV +0.39 points	0.08%	0.47%
Intl Bus Mach CorpIBM	SCHV +0.38 points	0.41%	0.79%
JPMorgan Chase & CoJPM	SCHV +0.38 points	2.60%	2.98%
Allstate CorporationALL	FELV +0.35 points	0.56%	0.21%
Schwab Charles CorpSCHW	FELV +0.33 points	0.80%	0.47%
Philip Morris Intl IncPM	SCHV +0.33 points	0.73%	1.06%
Bank of America CorporationBAC	SCHV +0.32 points	0.76%	1.08%
Automatic Data Processing IncADP	SCHV +0.32 points	0.05%	0.37%
Nextera EnergyNEE	SCHV +0.32 points	0.24%	0.56%
Citigroup IncC	SCHV +0.32 points	0.37%	0.69%
Boston Scientific CorpBSX	FELV +0.32 points	0.52%	0.20%
Toro CoTTC	FELV +0.30 points	0.33%	0.03%
Freeport Mcmoran IncFCX	SCHV +0.29 points	0.02%	0.31%
Williams Companies IncWMB	SCHV +0.29 points	0.01%	0.30%
State Street CorpSTT	FELV +0.28 points	0.44%	0.16%
Duke Energy CorpDUK	SCHV +0.27 points	0.05%	0.32%
Travelers Companies IncTRV	FELV +0.27 points	0.54%	0.27%
Salesforce IncCRM	SCHV +0.27 points	0.35%	0.62%
Mondelez International IncMDLZ	SCHV +0.26 points	0.00%	0.26%
3M CoMMM	FELV +0.26 points	0.56%	0.30%
Valero Energy CorpVLO	SCHV +0.26 points	0.10%	0.36%
Bank of New York Mellon CorpBNY	FELV +0.26 points	0.59%	0.33%
Maplebear IncCART	FELV +0.26 points	0.29%	0.03%
L3HARRIS Technologies IncLHX	FELV +0.25 points	0.42%	0.17%
Moderna IncMRNA	SCHV +0.25 points	0.02%	0.27%
Occidental Petroleum CorpOXY	FELV +0.25 points	0.40%	0.15%
Ecolab IncECL	FELV +0.24 points	0.49%	0.25%
Netapp IncNTAP	FELV +0.24 points	0.38%	0.14%
Hartford Insurance Grp Inc/TheHIG	FELV +0.23 points	0.35%	0.12%
Analog Devices IncADI	SCHV +0.24 points	0.45%	0.69%
Cisco Systems IncCSCO	SCHV +0.23 points	1.16%	1.39%
Pepsico IncPEP	SCHV +0.23 points	0.36%	0.59%
Motorola Solutions IncMSI	SCHV +0.24 points	0.03%	0.27%
Qualcomm IncQCOM	SCHV +0.23 points	0.42%	0.65%
Vici Pptys IncVICI	FELV +0.22 points	0.31%	0.09%
Ametek Inc NewAME	FELV +0.22 points	0.41%	0.19%
Loews CorpL	FELV +0.22 points	0.28%	0.06%
SS&C Technologies Holdings IncSSNC	FELV +0.23 points	0.28%	0.05%
Digital Realty Trust IncDLR	SCHV +0.21 points	<0.01%	0.21%
Crane CoCR	FELV +0.21 points	0.24%	0.03%
Assurant IncAIZ	FELV +0.20 points	0.25%	0.05%
Wesco International IncWCC	FELV +0.20 points	0.26%	0.06%
Applied Industrial Tech IncAIT	FELV +0.19 points	0.23%	0.04%
Goldman Sachs Group IncGS	FELV +0.19 points	1.07%	0.88%
Chevron CorpCVX	SCHV +0.19 points	1.30%	1.49%
Keysight Technologies IncKEYS	SCHV +0.18 points	<0.01%	0.18%
Lamar Advertising Co Class ALAMR	FELV +0.18 points	0.23%	0.05%
Merck & Co Inc NewMRK	SCHV +0.19 points	0.99%	1.18%
Metlife IncMET	SCHV +0.18 points	0.00%	0.18%
Public StoragePSA	SCHV +0.17 points	0.00%	0.17%
Agilent Technologies IncA	FELV +0.17 points	0.34%	0.17%
Ford Motor CoF	FELV +0.17 points	0.33%	0.16%
Devon Energy CorpDVN	SCHV +0.17 points	0.01%	0.18%
General Motors CoGM	FELV +0.17 points	0.41%	0.24%
Strategy Inc Class AMSTR	SCHV +0.17 points	0.00%	0.17%
Aon PLCAON	SCHV +0.17 points	0.05%	0.22%
Colgate-Palmolive CoCL	SCHV +0.17 points	0.07%	0.24%
Procter & Gamble CoPG	SCHV +0.17 points	1.05%	1.22%
Danaher CorpDHR	SCHV +0.16 points	0.32%	0.48%
Morgan StanleyMS	SCHV +0.16 points	0.58%	0.74%
Northern Trust CorpNTRS	FELV +0.16 points	0.26%	0.10%
Csx CorpCSX	SCHV +0.16 points	0.16%	0.32%
Cvs Health CorpCVS	SCHV +0.16 points	0.22%	0.38%
Cheniere Energy IncLNG	SCHV +0.15 points	0.06%	0.21%
Illinois Tool Works IncITW	SCHV +0.16 points	0.08%	0.24%
Carmax IncKMX	FELV +0.15 points	0.18%	0.03%
Exelon CorpEXC	FELV +0.15 points	0.30%	0.15%
Newmont CorpNEM	SCHV +0.14 points	0.24%	0.38%
Vylor IncVYLR	SCHV +0.15 points	<0.01%	0.16%
Sysco CorpSYY	FELV +0.15 points	0.28%	0.13%
Berkshire Hathaway Inc Class BBRK.B	SCHV +0.15 points	3.14%	3.29%
Marathon Petroleum CorpMPC	SCHV +0.15 points	0.25%	0.40%
Microchip TechnologyMCHP	SCHV +0.14 points	0.00%	0.14%
Paccar IncPCAR	SCHV +0.15 points	0.03%	0.18%
Comcast Corp Class ACMCSA	FELV +0.13 points	0.39%	0.26%
AT&T IncT	FELV +0.13 points	0.60%	0.47%
Gamestop Corp Class AGME	FELV +0.14 points	0.17%	0.03%

All 342 FELV 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.

FELV vs SCHV Cost

Overpaying FELV vs SCHV

$2,900

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

FELV 0.18%
$3,749
SCHV 0.04%
$849

Amount$10,000

Years30 years

Cost over time

FELV 0.18%
SCHV 0.04%
Overpaying

Year by year

Year	FELV	SCHV	Overpaying
10	$328	$73	$255
20	$1,281	$288	$993
30	$3,749	$849	$2,900

Expense ratio

0.18%FELV
0.04%SCHV, cheaper

SCHV0.04%FELV0.18%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

SCHV 3rd cheapest of 40 funds

FELV 16th cheapest of 40 funds

FELV vs SCHV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FELV 1.38%; SCHV 1.81%, better
Payout (12M): FELV $0.59; SCHV $0.63
Last payment: FELV $0.15; SCHV $0.16
Ex-dividend: FELV Sep 18, 2026; SCHV Sep 23, 2026
Paid on: FELV Sep 22, 2026; SCHV Sep 28, 2026
Frequency: FELV Quarterly; SCHV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FELVQuarterly · 13 paymentsAll FELV payments⁠

SCHVQuarterly · 40 paymentsAll SCHV payments⁠

FELV vs SCHV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FELV 11.7%since Dec 2023SCHV 11.9%
Return per unit of riskSharpe ratio, 3 years: FELV 1.38since Dec 2023SCHV 1.31
Worst fallMax drawdown, 5 years: FELV −16.1%since Nov 2023SCHV −19.8%
Market sensitivityBeta, 5 years: FELV 0.80SCHV 0.76; Market = 1

FELV and SCHV in the news

All news⁠

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

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FELV vs SCHV

In short

Stated mandate

Why people hold it

Worth knowing

How FELV and SCHV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELV

Only in SCHV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

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

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

How FELV and SCHV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FELV

Only in SCHV

Weight gaps