IVOV vs SCHK: Grades, Fees and Holdings Compared

Vanguard S&P Mid-Cap 400 Value ETF

IVOVBNYSE Arca

Schwab 1000 Index ETF

SCHKANYSE Arca

Overlap

2.8%by weight

Expense ratio

SCHK −0.07pt a year

IVOV0.10%SCHK0.03%

Avg volume · 30D

SCHK 65.6×the volume

IVOV21.1KSCHK1.38M

5Y return · a year

SCHK +3.3pt

IVOV+7.5%SCHK+10.8%

IVOV vs SCHK Performance

Nov 9, 2021 – Nov 9, 2026

+43.4%IVOV+66.8%SCHK

Expense ratio: IVOV 0.10%; SCHK 0.03%, better
Fund size: IVOV $1.2B; SCHK $5.53B
1Y total return: IVOV +17.0%, better; SCHK +13.3%
Yield (12M): IVOV 1.61%, better; SCHK 1.06%
Holdings: IVOV 304; SCHK 998
Avg volume (30D): IVOV 21.1K sh; SCHK 1.38M sh, better
NAV per share: IVOV $111.38; SCHK $35.34
52W range

ETF.net Grade

Pillar letters and Scores for IVOV, SCHK, with each pillar’s weight
Pillar	IVOV	SCHK
Cost30% weight	A79	A98Higher
Mission25% weight	A74	A100Higher
Risk15% weight	C50	B65Higher
Tradability15% weight	C45	A90Higher
Holdings10% weight	A79Higher	B58
Durability5% weight	A77Higher	B68

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. IVOV and SCHK are both graded against the same 41 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 41 funds

See all 41 ›

SCHK ranks 2nd and IVOV 13th of 41 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 3APBUSInvesco MSCI USA ETFScore 83
Rank 10BXOEXXtrackers S&P 100 Ex Top 20 ETFScore 69
Rank 13BIVOVVanguard S&P Mid-Cap 400 Value ETFScore 68
Rank 14BRWLInvesco S&P 500 Revenue ETFScore 66

Our read on each fund

ETF.net Research

IVOVBVanguard S&P Mid-Cap 400 Value ETF

SCHKASchwab 1000 Index ETF

In short

IVOV The forgotten middle of the market, priced like an afterthought. IVOV tracks the S&P MidCap 400 Value Index, roughly 300 medium-sized US companies on the value side of the ledger, for 0.10% a year while the typical index wrapper charges far more.

SCHK Schwab's house-built alternative to the S&P 500: the 1,000 largest US companies in one passive wrapper, reaching past the mega-caps into mid-cap turf, priced at three basis points.

Stated mandate

IVOV The fund seeks to track the S&P MidCap 400 Value Index, a benchmark of medium-sized U.S. value companies.

SCHK The fund seeks to track the total return of the Schwab 1000 Index before fees and expenses.

Why people hold it

IVOV Charges 0.10% a year against a 0.45% median for the index funds we grade. Cost is the one edge in indexing you actually control.
About 300 medium-sized US value names in one basket, sorted by S&P's published index rules rather than a manager's conviction.vanguard.com
Launched in 2010 and now a multi-billion-dollar fund. A settled Vanguard product with a long operating record, not a launch-year experiment.
Sits in the upper tier of the index-tracking funds we grade, on cost, portfolio construction and staying power.

SCHK 0.03% a year, the lowest fee among the top-scoring funds in its index-wrapper group and a small fraction of what the typical fund there charges.
About 1,000 stocks covering roughly 90% or more of US stock market value: the S&P 500 names plus a layer of mid caps most large-blend funds skip.schwabassetmanagement.com
Tracks its stated index tightly and stands among the strongest implementations in its peer group of plain index wrappers.
A multi-billion-dollar fund that trades actively and pays distributions quarterly.

Worth knowing

IVOV Thinly traded for a Vanguard fund. Spreads can widen, so limit orders matter more here than with the mega-cap giants.
Mid-cap value by design: no mega-cap ballast, and the growthier half of the mid-cap market is screened out. The ride diverges from an S&P 500 fund.vanguard.com
Distributions arrive on an annual or semiannual schedule, not monthly, which shapes how income lands in a cash-flow plan.

SCHK Weighted by market value, so the biggest US companies drive the bulk of results. Those extra 500 names carry less weight than the headcount suggests.schwabassetmanagement.com
All-US, all-equity by mandate: no bonds, no foreign stocks, and it rides the full swings of the US market.
The benchmark is Schwab's own proprietary index, so there is no rival fund on the identical yardstick for a side-by-side comparison.

Full IVOV profile⁠

Full SCHK profile⁠

IVOV vs SCHK Holdings

How IVOV and SCHK differ

Overlap by weight

2.8%

Shared holdings make up 82.9% of IVOV and 2.8% of SCHK.

Level by level

Holdings202 in both2.8%
Sector11 Sectors60.9%
Countryby domicile99.4%
Asset classStocks100%

Sector

Sector weights in IVOV and SCHK, widest gap first
Sector	Gap	IVOV	SCHK
Technology	SCHK +24.8 points	10.7%	35.5%
Industrials	IVOV +9.5 points	18.0%	8.5%
Financials	IVOV +8.4 points	21.0%	12.6%
Real Estate	IVOV +7.8 points	10.0%	2.2%
Communication	SCHK +7.7 points	0.7%	8.4%
Health Care	SCHK +6.6 points	4.3%	10.8%
Energy	IVOV +4.0 points	7.7%	3.7%
Consumer Discretionary	IVOV +3.7 points	13.3%	9.6%
Materials	IVOV +3.5 points	5.4%	1.9%
Utilities	IVOV +2.0 points	4.1%	2.1%
Consumer Staples	SCHK +0.2 points	4.7%	4.9%

Country, concentration and asset class

Country by domicile

Country weights in IVOV and SCHK, widest gap first
Country	More in IVOVMore in SCHK	Gap	IVOV	SCHK
United States		IVOV +0.6 points	100.0%	99.4%
Other countries (8)		SCHK +0.6 points	0.0%	0.6%

Concentration

Weight in the 10 largest Holdings

IVOV10.7%
SCHK34.7%

Securities held

IVOV298
SCHK997

Asset class

IVOV: Stocks
SCHK: Stocks

Holdings

Only in IVOV96
In both202
Only in SCHK795

Only in IVOV

96 securities, 16.9% of IVOV by weight

Science Applications International Corp0.33%
Black Hills Corp0.33%
New Jersey Resources Corp0.32%
GXO Logistics Inc0.32%
Murphy Oil Corp0.31%
Selective Insurance Group Inc0.31%
CNO Financial Group Inc0.30%
Kite Realty Group Trust0.30%
Floor & Decor Holdings Inc0.30%
Sonoco Products Co0.30%
VF Corp0.29%
Bank OZK0.29%
SLCMT11420.29%
CNX Resources Corp0.29%
Cousins Properties Inc0.28%
ONE Gas Inc0.28%
KBR Inc0.27%
Trex Co Inc0.27%
Alaska Air Group Inc0.27%
Middleby Corp/The0.26%
UFP Industries Inc0.26%
Brunswick Corp/DE0.26%
Louisiana-Pacific Corp0.26%
Cabot Corp0.25%
Synaptics Inc0.25%
Kilroy Realty Corp0.24%
Envista Holdings Corp0.23%
Avient Corp0.23%
Thor Industries Inc0.22%
Flagstar Bank NA0.22%
Independence Realty Trust Inc0.21%
PVH Corp0.21%
Crocs Inc0.20%
Bath & Body Works Inc0.20%
Ashland Inc0.19%
Park Hotels & Resorts Inc0.19%
Silgan Holdings Inc0.19%
Brighthouse Financial Inc0.18%
Novanta Inc0.18%
KB Home0.18%
Polaris Inc0.17%
Gentex Corp0.17%
Post Holdings Inc0.17%
Graphic Packaging Holding Co0.17%
Cirrus Logic Inc0.16%
Spire Inc0.16%
Harley-Davidson Inc0.16%
Wyndham Hotels & Resorts Inc0.15%
Vail Resorts Inc0.15%
Kyndryl Holdings Inc0.15%

Only in SCHK

795 securities, 97.2% of SCHK by weight

Apple7.25%
NVIDIA6.56%
Microsoft5.72%
Amazon Com Inc3.70%
Alphabet Class A2.42%
Broadcom Inc2.03%
Alphabet Class C1.96%
Meta Platforms Class A1.96%
Eli Lilly1.57%
Berkshire Hathaway Inc Class B1.55%
Tesla Inc1.47%
JPMorgan Chase1.29%
Micron Technology1.13%
Advanced Micro Devices1.07%
Visa Class A1.05%
Exxonmobil Holdings Corp0.99%
Johnson & Johnson0.97%
Walmart0.81%
Mastercard Class A0.77%
AbbVie0.75%
Costco Wholesale Corp0.68%
Chevron0.61%
Procter & Gamble0.56%
Coca-Cola0.54%
Cisco Systems Inc0.54%
Palantir Technologies Class A0.54%
Merck & Co Inc0.53%
UnitedHealth Group0.51%
Home Depot0.50%
Ge Aerospace0.49%
Bank of America0.47%
Philip Morris International0.45%
Intel Corporation Corp0.41%
Applied Material Inc0.38%
Netflix0.38%
Thermo Fisher Scientific0.37%
Caterpillar Inc0.37%
Palo Alto Networks0.37%
Rtx0.37%
Wells Fargo0.37%
Texas Instrument0.37%
Goldman Sachs Group0.37%
Lam Research0.36%
Amgen Inc0.36%
Linde PLC0.35%
International Business Machines Co0.34%
Oracle0.33%
Crowdstrike Holdings Class A0.32%
Morgan Stanley0.31%
Ge Vernova0.30%

Weight gaps

The 100 widest of 202 Holdings in both funds.

Holding weights in IVOV and SCHK, widest gap first
Holding	Gap	IVOV	SCHK
TD SYNNEX CorpSNX	IVOV +1.24 points	1.27%	0.03%
US Foods Holding CorpUSFD	IVOV +1.20 points	1.23%	0.03%
Reliance IncRS	IVOV +1.18 points	1.21%	0.03%
Permian Resources CorpPR	IVOV +1.06 points	1.09%	0.03%
WESCO International IncWCC	IVOV +1.06 points	1.08%	0.02%
HF Sinclair CorpDINO	IVOV +1.01 points	1.03%	0.02%
Reinsurance Group of America IncRGA	IVOV +0.97 points	0.99%	0.02%
Ovintiv IncOVV	IVOV +0.97 points	0.99%	0.02%
SharkNinja IncSN	IVOV +0.90 points	0.93%	0.03%
Performance Food Group CoPFGC	IVOV +0.87 points	0.89%	0.02%
Annaly Capital Management IncNLY	IVOV +0.86 points	0.88%	0.02%
AramarkARMK	IVOV +0.85 points	0.87%	0.02%
Pinnacle Financial Partners IncPNFP	IVOV +0.85 points	0.87%	0.02%
Entegris IncENTG	IVOV +0.84 points	0.87%	0.03%
Jones Lang LaSalle IncJLL	IVOV +0.85 points	0.87%	0.02%
Unum GroupUNM	IVOV +0.76 points	0.78%	0.02%
Toll Brothers IncTOL	IVOV +0.76 points	0.78%	0.02%
BorgWarner IncBWA	IVOV +0.75 points	0.76%	0.01%
BJ's Wholesale Club Holdings IncBJ	IVOV +0.71 points	0.73%	0.02%
Arrow Electronics IncARW	IVOV +0.70 points	0.71%	0.01%
Crown Holdings IncCCK	IVOV +0.68 points	0.70%	0.02%
CNH Industrial NVCNH	IVOV +0.68 points	0.69%	0.01%
Alcoa CorpAA	IVOV +0.67 points	0.69%	0.02%
Essential Utilities IncWTRG	IVOV +0.67 points	0.69%	0.02%
First Horizon CorpFHN	IVOV +0.65 points	0.67%	0.02%
Watsco IncWSO	IVOV +0.65 points	0.67%	0.02%
Knight-Swift Transportation Holdings IncKNX	IVOV +0.63 points	0.64%	0.01%
Regal Rexnord CorpRRX	IVOV +0.62 points	0.64%	0.02%
Ally Financial IncALLY	IVOV +0.62 points	0.64%	0.01%
Antero Resources CorpAR	IVOV +0.61 points	0.63%	0.02%
Avantor IncAVTR	IVOV +0.61 points	0.63%	0.02%
GameStop CorpGME	IVOV +0.61 points	0.62%	0.01%
Molina Healthcare IncMOH	IVOV +0.59 points	0.61%	0.02%
Fidelity National Financial IncFNF	IVOV +0.59 points	0.61%	0.02%
Southstate Bank CorpSSB	IVOV +0.59 points	0.60%	0.01%
Darling Ingredients IncDAR	IVOV +0.58 points	0.59%	0.01%
American Homes 4 RentAMH	IVOV +0.58 points	0.59%	0.01%
Wintrust Financial CorpWTFC	IVOV +0.58 points	0.59%	0.01%
UMB Financial CorpUMBF	IVOV +0.57 points	0.58%	0.01%
OGE Energy CorpOGE	IVOV +0.56 points	0.58%	0.02%
Owens CorningOC	IVOV +0.56 points	0.57%	0.01%
Toro Co/TheTTC	IVOV +0.56 points	0.57%	0.01%
Zions Bancorp NAZION	IVOV +0.56 points	0.57%	0.01%
Saia IncSAIA	IVOV +0.54 points	0.55%	0.01%
American Airlines Group IncAAL	IVOV +0.54 points	0.55%	0.01%
Corebridge Financial IncCRBG	IVOV +0.53 points	0.54%	0.01%
Ryder System IncR	IVOV +0.53 points	0.54%	0.01%
Range Resources CorpRRC	IVOV +0.52 points	0.54%	0.02%
Voya Financial IncVOYA	IVOV +0.52 points	0.53%	0.01%
Murphy USA IncMUSA	IVOV +0.51 points	0.52%	0.01%
Booz Allen Hamilton Holding CorpBAH	IVOV +0.51 points	0.52%	0.01%
Old National Bancorp/INONB	IVOV +0.50 points	0.51%	0.01%
Avnet IncAVT	IVOV +0.50 points	0.51%	<0.01%
East West Bancorp IncEWBC	IVOV +0.48 points	0.51%	0.03%
Columbia Banking System IncCOLB	IVOV +0.49 points	0.50%	0.01%
Rexford Industrial Realty IncREXR	IVOV +0.49 points	0.50%	0.01%
Roivant Sciences LtdROIV	IVOV +0.48 points	0.51%	0.03%
Prosperity Bancshares IncPB	IVOV +0.48 points	0.49%	0.01%
Onto Innovation IncONTO	IVOV +0.48 points	0.49%	0.01%
Viper Energy IncVNOM	IVOV +0.47 points	0.48%	0.01%
Western Alliance BancorpWAL	IVOV +0.47 points	0.48%	0.01%
AptarGroup IncATR	IVOV +0.47 points	0.48%	0.01%
UGI CorpUGI	IVOV +0.46 points	0.47%	0.01%
PBF Energy IncPBF	IVOV +0.46 points	0.47%	<0.01%
Timken Co/TheTKR	IVOV +0.45 points	0.46%	<0.01%
Clean Harbors IncCLH	IVOV +0.45 points	0.47%	0.02%
Nutanix IncNTNX	IVOV +0.45 points	0.47%	0.02%
Commerce Bancshares Inc/MOCBSH	IVOV +0.45 points	0.46%	0.01%
Chord Energy CorpCHRD	IVOV +0.44 points	0.45%	0.01%
RPM International IncRPM	IVOV +0.44 points	0.46%	0.02%
Carlisle Cos IncCSL	IVOV +0.43 points	0.45%	0.02%
Jefferies Financial Group IncJEF	IVOV +0.42 points	0.43%	0.01%
Commercial Metals CoCMC	IVOV +0.41 points	0.42%	<0.01%
Axalta Coating Systems LtdAXTA	IVOV +0.42 points	0.43%	0.01%
Maplebear IncCART	IVOV +0.42 points	0.43%	0.01%
WP Carey IncWPC	IVOV +0.41 points	0.43%	0.02%
Sun Communities IncSUI	IVOV +0.41 points	0.43%	0.02%
NOV IncNOV	IVOV +0.40 points	0.41%	<0.01%
AGCO CorpAGCO	IVOV +0.40 points	0.41%	<0.01%
Equitable Holdings IncEQH	IVOV +0.40 points	0.42%	0.02%
Lithia Motors IncLAD	IVOV +0.39 points	0.40%	<0.01%
Fluor CorpFLR	IVOV +0.39 points	0.40%	<0.01%
Burlington Stores IncBURL	IVOV +0.39 points	0.41%	0.02%
Carlyle Group Inc/TheCG	IVOV +0.37 points	0.39%	0.01%
Cleveland-Cliffs IncCLF	IVOV +0.38 points	0.39%	<0.01%
Omega Healthcare Investors IncOHI	IVOV +0.38 points	0.40%	0.02%
United Bankshares Inc/WVUBSI	IVOV +0.38 points	0.39%	<0.01%
First American Financial CorpFAF	IVOV +0.37 points	0.38%	<0.01%
Littelfuse IncLFUS	IVOV +0.38 points	0.39%	0.01%
RenaissanceRe Holdings LtdRNR	IVOV +0.37 points	0.39%	0.02%
FNB Corp/PAFNB	IVOV +0.37 points	0.38%	<0.01%
Matador Resources CoMTDR	IVOV +0.37 points	0.38%	<0.01%
Healthcare Realty Trust IncHR	IVOV +0.37 points	0.38%	<0.01%
Sensata Technologies Holding PLCST	IVOV +0.36 points	0.37%	<0.01%
Ingredion IncINGR	IVOV +0.36 points	0.37%	<0.01%
Terex CorpTEX	IVOV +0.36 points	0.37%	<0.01%
Macy's IncM	IVOV +0.36 points	0.37%	<0.01%
Graco IncGGG	IVOV +0.36 points	0.38%	0.02%
Valley National BancorpVLY	IVOV +0.36 points	0.37%	<0.01%
Gaming and Leisure Properties IncGLPI	IVOV +0.36 points	0.38%	0.02%

All 296 IVOV holdings⁠All 1,000 SCHK 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.

IVOV vs SCHK Cost

Overpaying IVOV vs SCHK

$1,468

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

IVOV 0.10%
$2,106
SCHK 0.03%
$638

Amount$10,000

Years30 years

Cost over time

IVOV 0.10%
SCHK 0.03%
Overpaying

Year by year

Year	IVOV	SCHK	Overpaying
10	$183	$55	$128
20	$717	$216	$501
30	$2,106	$638	$1,468

Expense ratio

0.10%IVOV
0.03%SCHK, cheaper

SCHK0.03%IVOV0.10%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SCHK cheapest of 41 funds

IVOV 11th cheapest of 41 funds

IVOV vs SCHK Dividends

Last 12 months to Nov 9, 2026

Yield (12M): IVOV 1.61%, better; SCHK 1.06%
Payout (12M): IVOV $1.84; SCHK $0.38
Last payment: IVOV $1.84; SCHK $0.10
Ex-dividend: IVOV Dec 22, 2025; SCHK Sep 23, 2026
Paid on: IVOV Dec 24, 2025; SCHK Sep 28, 2026
Frequency: IVOV Annual; SCHK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IVOVAnnual · 9 paymentsAll IVOV payments⁠

SCHKQuarterly · 39 paymentsAll SCHK payments⁠

IVOV vs SCHK Risk

Fall from peak · 5 years

IVOV
SCHK

Risk facts

VolatilityStd dev, 3 years: IVOV 15.9%SCHK 12.6%, better
Return per unit of riskSharpe ratio, 3 years: IVOV 0.82SCHK 1.39, better
Worst fallMax drawdown, 5 years: IVOV −22.6%, betterSCHK −25.4%
Market sensitivityBeta, 5 years: IVOV 0.99SCHK 1.02; Market = 1

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