FVAL vs SCHV: Grades, Fees and Holdings Compared

Fidelity Value Factor ETF

FVALBNYSE Arca

Schwab U.S. Large-Cap Value ETF

SCHVANYSE Arca

Overlap

26.2%by weight

Expense ratio

SCHV −0.11pt a year

FVAL0.15%SCHV0.04%

Avg volume · 30D

SCHV 73.7×the volume

FVAL43KSCHV3.17M

10Y return · a year

FVAL +2.9pt

FVAL+14.5%SCHV+11.6%

FVAL vs SCHV Performance

Oct 29, 2021 – Oct 30, 2026

+79.1%FVAL+63.8%SCHV

Expense ratio: FVAL 0.15%; SCHV 0.04%, better
Fund size: FVAL $1.35B; SCHV $15.7B
1Y total return: FVAL +17.6%; SCHV +22.1%, better
Yield (12M): FVAL 1.50%; SCHV 1.81%, better
Holdings: FVAL 136; SCHV 568
Avg volume (30D): FVAL 43K sh; SCHV 3.17M sh, better
NAV per share: FVAL $81.89; SCHV $34.62
52W range

ETF.net Grade

Pillar letters and Scores for FVAL, SCHV, with each pillar’s weight
Pillar	FVAL	SCHV
Cost30% weight	B67	A96Higher
Mission25% weight	A80	A88Higher
Risk15% weight	C46	B68Higher
Tradability15% weight	C52	A95Higher
Holdings10% weight	F20	B59Higher
Durability5% weight	C53	B68Higher

Rank among US Value Index funds

How we build Categories ›

Same Category. FVAL 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 FVAL 17th 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 16BFELVFidelity Enhanced Large Cap Value ETF Score 60
Rank 17BFVALFidelity Value Factor ETFScore 59
Rank 17BPYPrincipal Value ETFScore 59

Our read on each fund

ETF.net Research

FVALBFidelity Value Factor ETF

SCHVASchwab U.S. Large-Cap Value ETF

In short

FVAL Fidelity's own value screen in an index wrapper: roughly 130 US stocks chosen by its in-house value factor rules for 0.15% a year. Not the cheapest way to own value, but a more opinionated one.

SCHV No data

Stated mandate

FVAL The fund seeks returns generally matching the Fidelity U.S. Value Factor Index before fees and expenses. It invests at least 80% of assets in securities included in that index.

SCHV No data

Why people hold it

FVAL At 0.15% a year it undercuts the typical US value-factor fund, which runs closer to 0.18%.
Roughly 130 names, not a thousand. Fidelity's U.S. Value Factor Index does the picking, so you get a concentrated read on value instead of a broad value bucket.
The rules are on paper: US equities, at least 80% of assets in index constituents, cash paid quarterly.fidelity.com
Live since 2016, so the strategy has already run through value being both in and out of favor.

SCHV No data

Worth knowing

FVAL Trades lightly next to the category's biggest value funds, so spreads can be wider and size takes more patience.
You pay up for the screen. Plain-vanilla value funds such as VTV (0.03%) and IUSV (0.04%) cost a fraction of this one.
One factor, one country. A US value tilt can spend long stretches out of step with the broad market.

SCHV No data

Full FVAL profile⁠

Full SCHV profile⁠

FVAL vs SCHV Holdings

How FVAL and SCHV differ

Overlap by weight

26.2%

Shared holdings make up 43.3% of FVAL and 34.1% of SCHV.

Level by level

Holdings95 in both26.2%
Sector11 Sectors71.2%
Countryby domicile98.9%
Asset classEquity100%

Sector

Sector weights in FVAL and SCHV, widest gap first
Sector	More in FVALMore in SCHV	FVAL	SCHV
Technology	FVAL +20.5 points	38.1%	17.6%
Financials	SCHV +8.5 points	11.9%	20.4%
Communication	FVAL +5.9 points	9.4%	3.5%
Consumer Staples	SCHV +4.4 points	4.4%	8.8%
Health Care	SCHV +4.3 points	9.9%	14.2%
Energy	SCHV +3.8 points	3.5%	7.3%
Industrials	SCHV +2.6 points	8.7%	11.3%
Consumer Discretionary	FVAL +2.4 points	8.7%	6.3%
Real Estate	SCHV +2.3 points	1.7%	4.0%
Utilities	SCHV +2.2 points	1.7%	3.9%
Materials	SCHV +0.7 points	2.1%	2.8%

Country, concentration and asset class

Country by domicile

Country weights in FVAL and SCHV, widest gap first
Country	More in FVALMore in SCHV	FVAL	SCHV
Switzerland	SCHV +0.6 points	0.0%	0.6%
United States	FVAL +0.7 points	99.6%	98.9%
Other countries (5)	Same weight	0.4%	0.4%

Concentration

Weight in the 10 largest Holdings

FVAL41.7%
SCHV19.9%

Securities held

FVAL134
SCHV568

Asset class

FVAL: Equity
SCHV: Equity

Holdings

Only in FVAL39
In both95
Only in SCHV473

Only in FVAL

39 securities, 51.8% of FVAL by weight

Apple Inc7.53%
NVIDIA Corp7.45%
Microsoft Corp5.86%
Alphabet Inc Class A3.94%
Amazon.com Inc3.23%
Broadcom Inc2.76%
Micron Technology Inc2.20%
Meta Platforms Inc Class A1.95%
Eli Lilly & Co1.88%
Tesla Inc1.64%
Visa Inc Class A1.50%
Accenture PLC Class A1.35%
Sandisk Corporation1.10%
Intuit Inc0.94%
Costco Wholesale Corp0.89%
Caterpillar Inc0.63%
Deere & Co0.62%
Bank Ozk0.58%
Elevance Health Inc0.56%
Regeneron Pharmaceuticals Inc0.54%
Linde PLC0.45%
Disney (Walt) Co0.41%
Genpact Ltd0.41%
Delta Air Inc0.40%
Ufp Industries Inc0.35%
Oshkosh Corp0.34%
Ingredion Inc0.32%
Securities Lending Cf0.30%
The Booking Holdings Inc0.25%
Royal Caribbean Cruises Ltd0.22%
Crh Plc(Us)0.19%
National Fuel Gas Co Nj0.18%
Anglogold Ashanti PLC0.17%
Carnival Corp Ltd0.16%
Lyondellbasell Inds Class A0.16%
Block H & R Inc0.16%
Macys Inc0.13%
SP500 Mic Emin FUTDEC26 HWAZ60.04%
Ust Bills 0% 11/12/260.03%

Only in SCHV

473 securities, 65.9% of SCHV by weight

JPMorgan Chase2.98%
Walmart1.76%
Intel Corporation Corp1.49%
Cisco Systems Inc1.39%
Coca-Cola1.17%
Bank of America1.08%
Philip Morris International1.06%
Lam Research1.04%
Texas Instrument0.93%
Goldman Sachs Group0.88%
Amgen Inc0.81%
International Business Machines Co0.79%
Oracle0.79%
Morgan Stanley0.74%
Analog Devices0.69%
Amphenol Corp Class A0.66%
Space Exploration Technologies Cor0.64%
Marvell Technology0.62%
Salesforce0.62%
Pepsico0.59%
Abbott Laboratories0.59%
Union Pacific0.58%
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%
Chubb0.41%
Marathon Petroleum0.40%
Starbucks Corp0.39%
Medtronic PLC0.39%
Cvs Health0.38%
Automatic Data Processing Inc0.37%
Stryker0.35%
Southern0.35%
Cme Group Class A0.35%
Corning0.33%
Bank of New York Mellon Corp0.33%
Csx0.32%
Johnson Controls International PLC0.31%
Emerson Electric0.31%
Us Bancorp0.31%
Marsh0.31%
Pnc Financial Services Group0.30%
Williams0.30%
Intercontinental Exchange0.30%

Weight gaps

All 95 Holdings in both funds, largest gap first.

Holding weights in FVAL and SCHV, widest gap first
Holding	More in FVALMore in SCHV	FVAL	SCHV
Berkshire Hathaway Inc Class BBRK.B	SCHV +1.36 points	1.93%	3.29%
Exxonmobil Holdings CorpXOM	SCHV +1.29 points	1.17%	2.46%
Johnson & JohnsonJNJ	SCHV +0.86 points	1.30%	2.16%
Hp IncHPQ	FVAL +0.84 points	0.93%	0.09%
Cognizant Tech Solutions Class ACTSH	FVAL +0.83 points	0.92%	0.09%
Arrow Electronics IncARW	FVAL +0.72 points	0.76%	0.04%
Chevron CorpCVX	SCHV +0.72 points	0.77%	1.49%
Zoom Communications Inc Class AZM	FVAL +0.72 points	0.80%	0.08%
Renaissancere Hldgs LtdRNR	FVAL +0.59 points	0.64%	0.05%
Adobe IncADBE	FVAL +0.57 points	0.89%	0.32%
American International GroupAIG	FVAL +0.53 points	0.67%	0.14%
First Solar IncFSLR	FVAL +0.53 points	0.59%	0.06%
Qualcomm IncQCOM	FVAL +0.51 points	1.16%	0.65%
Western Alliance BancorpWAL	FVAL +0.51 points	0.54%	0.03%
AbbVie IncABBV	SCHV +0.50 points	1.17%	1.67%
Home Depot IncHD	SCHV +0.51 points	0.56%	1.07%
Ally Financial IncALLY	FVAL +0.50 points	0.54%	0.04%
Synchrony FinancialSYF	FVAL +0.51 points	0.59%	0.08%
Prudential Financial IncPRU	FVAL +0.49 points	0.62%	0.13%
PayPal Hldgs IncPYPL	FVAL +0.45 points	0.61%	0.16%
Universal Health Svcs Inc Class BUHS	FVAL +0.41 points	0.44%	0.03%
Allstate CorporationALL	FVAL +0.40 points	0.61%	0.21%
Travelers Companies IncTRV	FVAL +0.40 points	0.67%	0.27%
Procter & Gamble CoPG	SCHV +0.39 points	0.83%	1.22%
Netflix IncNFLX	SCHV +0.38 points	0.46%	0.84%
Leidos Holdings IncLDOS	FVAL +0.36 points	0.42%	0.06%
Centene CorpCNC	FVAL +0.36 points	0.47%	0.11%
Textron IncTXT	FVAL +0.34 points	0.39%	0.05%
Cigna Group (The)CI	FVAL +0.29 points	0.55%	0.26%
Capital One Financial CorpCOF	FVAL +0.28 points	0.70%	0.42%
Kroger CoKR	FVAL +0.28 points	0.40%	0.12%
Owens Corning IncOC	FVAL +0.28 points	0.31%	0.03%
Molson Coors Beverage Co BTAP	FVAL +0.27 points	0.29%	0.02%
United Parcel Service Inc Class BUPS	FVAL +0.25 points	0.51%	0.26%
Kimberly Clark CorpKMB	FVAL +0.24 points	0.36%	0.12%
Merck & Co Inc NewMRK	SCHV +0.25 points	0.93%	1.18%
United Airlines Holdings IncUAL	FVAL +0.24 points	0.35%	0.11%
Northrop Grumman CorpNOC	FVAL +0.23 points	0.47%	0.24%
Archer Daniels Midland CoADM	FVAL +0.23 points	0.35%	0.12%
Rtx CorpRTX	SCHV +0.23 points	0.65%	0.88%
Verizon Communications IncVZ	SCHV +0.22 points	0.37%	0.59%
Fedex CorpFDX	FVAL +0.21 points	0.43%	0.22%
Nextera EnergyNEE	SCHV +0.21 points	0.35%	0.56%
Mcdonalds CorpMCD	SCHV +0.19 points	0.40%	0.59%
Prologis Inc ReitPLD	SCHV +0.19 points	0.21%	0.40%
Honeywell Intl IncHON	FVAL +0.18 points	0.41%	0.23%
General Dynamics CorporationGD	FVAL +0.17 points	0.48%	0.31%
Paccar IncPCAR	FVAL +0.17 points	0.35%	0.18%
Pfizer IncPFE	FVAL +0.16 points	0.72%	0.56%
ConocophillipsCOP	SCHV +0.16 points	0.43%	0.59%
Target CorpTGT	FVAL +0.16 points	0.38%	0.22%
Lockheed Martin CorpLMT	FVAL +0.15 points	0.58%	0.43%
Gamestop Corp Class AGME	FVAL +0.15 points	0.18%	0.03%
Bristol-Myers Squibb CoBMY	FVAL +0.14 points	0.55%	0.41%
Expand Energy CorpEXE	FVAL +0.13 points	0.20%	0.07%
Best Buy Co IncBBY	FVAL +0.13 points	0.19%	0.06%
Cummins IncCMI	FVAL +0.12 points	0.35%	0.23%
Gilead Sciences IncGILD	FVAL +0.12 points	0.79%	0.67%
Eqt CorporationEQT	FVAL +0.11 points	0.22%	0.11%
Lululemon Athletica IncLULU	FVAL +0.10 points	0.14%	0.04%
Las Vegas Sands CorpLVS	FVAL +0.10 points	0.13%	0.03%
Lowes Cos IncLOW	SCHV +0.10 points	0.28%	0.38%
Eversource EnergyES	FVAL +0.10 points	0.18%	0.08%
Newmont CorpNEM	SCHV +0.09 points	0.29%	0.38%
Edison IntlEIX	FVAL +0.10 points	0.17%	0.07%
Vici Pptys IncVICI	FVAL +0.09 points	0.18%	0.09%
Citigroup IncC	FVAL +0.09 points	0.78%	0.69%
Altria Group IncMO	FVAL +0.09 points	0.51%	0.42%
Cf Industries Holdings IncCF	FVAL +0.09 points	0.15%	0.06%
Gaming and Leisure Proprti IncGLPI	FVAL +0.08 points	0.12%	0.04%
Alcoa CorpAA	FVAL +0.09 points	0.12%	0.03%
Coeur Mining IncCDE	FVAL +0.08 points	0.13%	0.05%
Charter Communications Inc ACHTR	FVAL +0.08 points	0.12%	0.04%
Devon Energy CorpDVN	FVAL +0.08 points	0.26%	0.18%
Consolidated Edison IncED	FVAL +0.07 points	0.21%	0.14%
Kimco Realty CorporationKIM	FVAL +0.08 points	0.13%	0.05%
Dr Horton IncDHI	FVAL +0.07 points	0.19%	0.12%
Freeport Mcmoran IncFCX	SCHV +0.07 points	0.24%	0.31%
Jones Lang Lasalle IncJLL	FVAL +0.07 points	0.12%	0.05%
Simon Ppty Group Inc - ReitSPG	SCHV +0.07 points	0.16%	0.23%
PG&E CorpPCG	FVAL +0.06 points	0.16%	0.10%
Expedia IncEXPE	FVAL +0.05 points	0.16%	0.11%
Exelon CorpEXC	FVAL +0.06 points	0.21%	0.15%
American Tower CorpAMT	SCHV +0.05 points	0.23%	0.28%
Host Hotels & Resorts IncHST	FVAL +0.04 points	0.10%	0.06%
Valero Energy CorpVLO	SCHV +0.03 points	0.33%	0.36%
Wells Fargo & CoWFC	FVAL +0.03 points	0.87%	0.84%
Eog Resources IncEOG	FVAL +0.02 points	0.30%	0.28%
Extra Space Storage IncEXR	FVAL +0.03 points	0.13%	0.10%
Ford Motor CoF	FVAL +0.02 points	0.18%	0.16%
Comcast Corp Class ACMCSA	SCHV +0.02 points	0.23%	0.26%
Cbre Group Inc - Class ACBRE	FVAL +0.01 points	0.13%	0.12%
Duke Energy CorpDUK	SCHV +0.01 points	0.31%	0.32%
Realty Income Corp ReitO	Same weight	0.18%	0.18%
General Motors CoGM	FVAL +0.01 points	0.25%	0.24%

All 130 FVAL 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.

FVAL vs SCHV Cost

Overpaying FVAL vs SCHV

$2,288

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

FVAL 0.15%
$3,137
SCHV 0.04%
$849

Amount$10,000

Years30 years

Cost over time

FVAL 0.15%
SCHV 0.04%
Overpaying

Year by year

Year	FVAL	SCHV	Overpaying
10	$274	$73	$201
20	$1,071	$288	$783
30	$3,137	$849	$2,288

Expense ratio

0.15%FVAL
0.04%SCHV, cheaper

SCHV0.04%FVAL0.15%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

SCHV 3rd cheapest of 40 funds

FVAL 13th cheapest of 40 funds

FVAL vs SCHV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FVAL 1.50%; SCHV 1.81%, better
Payout (12M): FVAL $1.23; SCHV $0.63
Last payment: FVAL $0.25; SCHV $0.16
Ex-dividend: FVAL Sep 18, 2026; SCHV Sep 23, 2026
Paid on: FVAL Sep 22, 2026; SCHV Sep 28, 2026
Frequency: FVAL Quarterly; SCHV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FVALQuarterly · 39 paymentsAll FVAL payments⁠

SCHVQuarterly · 40 paymentsAll SCHV payments⁠

FVAL vs SCHV Risk

Fall from peak · 5 years

FVAL
SCHV

Risk facts

VolatilityStd dev, 3 years: FVAL 12.0%SCHV 11.9%, better
Return per unit of riskSharpe ratio, 3 years: FVAL 1.41, betterSCHV 1.31
Worst fallMax drawdown, 5 years: FVAL −23.4%SCHV −19.8%, better
Market sensitivityBeta, 5 years: FVAL 0.94SCHV 0.76; Market = 1

FVAL 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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FVAL vs SCHV

In short

Stated mandate

Why people hold it

Worth knowing

How FVAL and SCHV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FVAL

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%

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%