RFV vs SCHK: Grades, Fees and Holdings Compared

Invesco S&P MidCap 400 Pure Value ETF

RFVCNYSE Arca

Schwab 1000 Index ETF

SCHKANYSE Arca

Overlap

0.8%by weight

Expense ratio

SCHK −0.32pt a year

RFV0.35%SCHK0.03%

Avg volume · 30D

SCHK 211.6×the volume

RFV6.35KSCHK1.34M

5Y return · a year

SCHK +0.5pt

RFV+9.6%SCHK+10.1%

RFV vs SCHK Performance

Nov 5, 2021 – Nov 5, 2026

+58.2%RFV+61.9%SCHK

Expense ratio: RFV 0.35%; SCHK 0.03%, better
Fund size: RFV $345M; SCHK $5.76B
1Y total return: RFV +16.1%, better; SCHK +9.2%
Yield (12M): RFV 1.67%, better; SCHK 1.09%
Holdings: RFV 97; SCHK 998
Avg volume (30D): RFV 6.35K sh; SCHK 1.34M sh, better
NAV per share: RFV $149.25; SCHK $36.82
52W range

ETF.net Grade

Pillar letters and Scores for RFV, SCHK, with each pillar’s weight
Pillar	RFV	SCHK
Cost30% weight	C41	A98Higher
Mission25% weight	C54	A100Higher
Risk15% weight	D38	B65Higher
Tradability15% weight	C52	A90Higher
Holdings10% weight	B57	B60Higher
Durability5% weight	B67	B68Higher

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. RFV and SCHK are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds

See all 42 ›

SCHK ranks 2nd and RFV 24th of 42 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 84
Rank 24CNYSXGlobal X NYSE 100 ETFScore 48
Rank 24CRFVInvesco S&P MidCap 400 Pure Value ETFScore 48
Rank 24CTMFXMotley Fool Next Index ETFScore 48

Our read on each fund

ETF.net Research

RFVCInvesco S&P MidCap 400 Pure Value ETF

SCHKASchwab 1000 Index ETF

In short

RFV Mid-cap value with no hedging: RFV holds only the deepest-value slice of the S&P MidCap 400, roughly 100 names, and skips everything else. It has run that same screen since 2006 at a fee below the typical index fund in its class.

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

RFV The Fund seeks to track the S&P MidCap 400® Pure Value Index.

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

Why people hold it

RFV The screen is the whole point. About 100 names survive out of the S&P MidCap 400, so the value tilt actually shows up in the portfolio instead of getting diluted.
0.35% a year, under the median for its index-fund peer group. A concentrated factor screen without a boutique price tag.
Live since 2006 under Invesco, so the strategy has a long public record rather than a backtest, and it distributes quarterly.

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

RFV Thinly traded. Bid-ask spreads can run wider than on mainstream index funds, which makes the mechanics of the trade itself worth attention.
Concentration cuts both ways: roughly 100 hard-screened stocks move around more than the full 400, and value can sit out of favor for long stretches.
Cheap for a factor fund, not cheap outright. Plain vanilla value index peers such as SPYV and VOOV charge a fraction as much for broader, blunter exposure.

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 RFV profile⁠

Full SCHK profile⁠

RFV vs SCHK Holdings

How RFV and SCHK differ

Overlap by weight

0.8%

Shared holdings make up 69.5% of RFV and 0.8% of SCHK.

Level by level

Holdings59 in both0.8%
Sector11 Sectors59.2%
Countryby domicile99.4%
Asset classStocks100%

Sector

Sector weights in RFV and SCHK, widest gap first
Sector	Gap	RFV	SCHK
Technology	SCHK +24.5 points	13.4%	37.9%
Consumer Discretionary	RFV +13.7 points	22.7%	9.0%
Energy	RFV +12.1 points	16.0%	3.9%
Health Care	SCHK +8.0 points	2.4%	10.4%
Communication	SCHK +6.3 points	1.6%	7.9%
Financials	RFV +5.0 points	17.0%	12.0%
Materials	RFV +4.0 points	5.8%	1.8%
Industrials	RFV +2.6 points	11.2%	8.6%
Utilities	SCHK +2.0 points	0.0%	2.0%
Real Estate	RFV +2.0 points	4.0%	2.0%
Consumer Staples	RFV +1.6 points	6.1%	4.5%

Country, concentration and asset class

Country by domicile

Country weights in RFV and SCHK, widest gap first
Country	More in RFVMore in SCHK	Gap	RFV	SCHK
United States		RFV +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

RFV28.6%
SCHK34.7%

Securities held

RFV95
SCHK997

Asset class

RFV: Stocks
SCHK: Stocks

Holdings

Only in RFV36
In both59
Only in SCHK938

Only in RFV

36 securities, 30.5% of RFV by weight

Harley-Davidson Inc2.29%
PVH Corp2.15%
Park Hotels & Resorts Inc2.10%
Brighthouse Financial Inc1.27%
Sonoco Products Co1.26%
Alaska Air Group Inc1.22%
Greif Inc1.21%
Avient Corp1.20%
Science Applications International Corp1.02%
GXO Logistics Inc0.98%
CNH Industrial NV0.92%
KB Home0.91%
CNO Financial Group Inc0.83%
Selective Insurance Group Inc0.83%
Murphy Oil Corp0.82%
Graphic Packaging Holding Co0.79%
Thor Industries Inc0.79%
Silgan Holdings Inc0.75%
Bank OZK0.72%
Envista Holdings Corp0.68%
Flagstar Bank NA0.67%
Post Holdings Inc0.66%
Columbia Sportswear Co0.63%
Cousins Properties Inc0.61%
Whirlpool Corp0.54%
Kilroy Realty Corp0.52%
Kyndryl Holdings Inc0.52%
UFP Industries Inc0.51%
Bath & Body Works Inc0.46%
Visteon Corp0.46%
Polaris Inc0.45%
Gap Inc/The0.44%
Cabot Corp0.44%
Euronet Worldwide Inc0.44%
KBR Inc0.35%
Invesco Government & Agency Portfolio0.05%

Only in SCHK

938 securities, 99.2% of SCHK by weight

Apple7.10%
NVIDIA6.74%
Microsoft5.74%
Amazon Com Inc3.64%
Alphabet Class A2.36%
Broadcom Inc2.16%
Meta Platforms Class A1.94%
Alphabet Class C1.90%
Eli Lilly1.58%
Tesla Inc1.51%
Berkshire Hathaway Inc Class B1.50%
JPMorgan Chase1.30%
Micron Technology1.25%
Advanced Micro Devices1.11%
Visa Class A1.04%
Exxonmobil Holdings Corp0.97%
Johnson & Johnson0.93%
Walmart0.80%
Mastercard Class A0.76%
AbbVie0.73%
Costco Wholesale Corp0.65%
Chevron0.60%
Cisco Systems Inc0.57%
Palantir Technologies Class A0.55%
Procter & Gamble0.54%
Coca-Cola0.52%
Merck & Co Inc0.52%
UnitedHealth Group0.51%
Home Depot0.49%
Ge Aerospace0.48%
Bank of America0.47%
Philip Morris International0.46%
Applied Material Inc0.41%
Intel Corporation Corp0.40%
Texas Instrument0.40%
Palo Alto Networks0.40%
Lam Research0.39%
Netflix0.39%
Caterpillar Inc0.38%
Goldman Sachs Group0.38%
Rtx0.37%
Wells Fargo0.37%
Thermo Fisher Scientific0.36%
Amgen Inc0.36%
Crowdstrike Holdings Class A0.34%
Linde PLC0.34%
International Business Machines Co0.33%
Morgan Stanley0.32%
Ge Vernova0.31%
Gilead Sciences0.30%

Weight gaps

All 59 Holdings in both funds, largest gap first.

Holding weights in RFV and SCHK, widest gap first
Holding	Gap	RFV	SCHK
PBF Energy IncPBF	RFV +4.57 points	4.58%	0.01%
Avnet IncAVT	RFV +3.76 points	3.77%	<0.01%
Arrow Electronics IncARW	RFV +3.72 points	3.73%	0.01%
HF Sinclair CorpDINO	RFV +3.61 points	3.63%	0.02%
TD SYNNEX CorpSNX	RFV +2.32 points	2.35%	0.03%
Molina Healthcare IncMOH	RFV +2.01 points	2.03%	0.02%
Sirius XM Holdings IncSIRI	RFV +2.00 points	2.01%	<0.01%
Lear CorpLEA	RFV +1.98 points	1.99%	<0.01%
Macy's IncM	RFV +1.85 points	1.86%	<0.01%
Reinsurance Group of America IncRGA	RFV +1.83 points	1.85%	0.02%
Penske Automotive Group IncPAG	RFV +1.76 points	1.77%	<0.01%
Lithia Motors IncLAD	RFV +1.64 points	1.65%	<0.01%
SharkNinja IncSN	RFV +1.63 points	1.66%	0.03%
Chord Energy CorpCHRD	RFV +1.64 points	1.65%	0.01%
NOV IncNOV	RFV +1.44 points	1.45%	<0.01%
Fluor CorpFLR	RFV +1.40 points	1.41%	<0.01%
Cleveland-Cliffs IncCLF	RFV +1.29 points	1.30%	0.01%
Performance Food Group CoPFGC	RFV +1.28 points	1.30%	0.02%
Ovintiv IncOVV	RFV +1.07 points	1.09%	0.02%
Voya Financial IncVOYA	RFV +1.06 points	1.07%	0.01%
Ryder System IncR	RFV +1.01 points	1.03%	0.01%
AutoNation IncAN	RFV +1.00 points	1.01%	<0.01%
Terex CorpTEX	RFV +1.01 points	1.02%	<0.01%
Albertsons Cos IncACI	RFV +0.97 points	0.98%	<0.01%
Knight-Swift Transportation Holdings IncKNX	RFV +0.94 points	0.95%	0.01%
Darling Ingredients IncDAR	RFV +0.92 points	0.93%	0.01%
US Foods Holding CorpUSFD	RFV +0.92 points	0.95%	0.03%
Corebridge Financial IncCRBG	RFV +0.90 points	0.91%	0.01%
Matador Resources CoMTDR	RFV +0.87 points	0.88%	<0.01%
Westlake CorpWLK	RFV +0.87 points	0.87%	<0.01%
Valley National BancorpVLY	RFV +0.84 points	0.85%	<0.01%
Permian Resources CorpPR	RFV +0.83 points	0.86%	0.03%
BorgWarner IncBWA	RFV +0.83 points	0.84%	0.01%
ARAMARK Holdings CorpARMK	RFV +0.80 points	0.82%	0.02%
American Airlines Group IncAAL	RFV +0.76 points	0.77%	0.01%
First American Financial CorpFAF	RFV +0.73 points	0.74%	<0.01%
Unum GroupUNM	RFV +0.71 points	0.73%	0.02%
Jones Lang LaSalle IncJLL	RFV +0.70 points	0.73%	0.03%
Murphy USA IncMUSA	RFV +0.70 points	0.71%	0.01%
FNB Corp/PAFNB	RFV +0.67 points	0.68%	<0.01%
Prosperity Bancshares IncPB	RFV +0.67 points	0.68%	0.01%
United Bankshares Inc/WVUBSI	RFV +0.66 points	0.67%	<0.01%
WESCO International IncWCC	RFV +0.65 points	0.67%	0.02%
Associated Banc-CorpASB	RFV +0.63 points	0.64%	<0.01%
Pilgrim's Pride CorpPPC	RFV +0.62 points	0.62%	<0.01%
Southstate Bank CorpSSB	RFV +0.57 points	0.58%	0.01%
AGCO CorpAGCO	RFV +0.55 points	0.56%	<0.01%
Ally Financial IncALLY	RFV +0.55 points	0.56%	0.01%
Old National Bancorp/INONB	RFV +0.52 points	0.53%	0.01%
Alcoa CorpAA	RFV +0.52 points	0.53%	0.01%
Zions Bancorp NAZION	RFV +0.51 points	0.52%	0.01%
Columbia Banking System IncCOLB	RFV +0.51 points	0.52%	0.01%
BJ's Wholesale Club Holdings IncBJ	RFV +0.49 points	0.51%	0.02%
Ingredion IncINGR	RFV +0.47 points	0.48%	<0.01%
Pinnacle Financial Partners IncPNFP	RFV +0.47 points	0.49%	0.02%
Hancock Whitney CorpHWC	RFV +0.43 points	0.44%	<0.01%
Jefferies Financial Group IncJEF	RFV +0.42 points	0.43%	0.01%
Commercial Metals CoCMC	RFV +0.38 points	0.39%	0.01%
Starwood Property Trust IncSTWD	RFV +0.27 points	0.28%	<0.01%

All 95 RFV 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.

RFV vs SCHK Cost

Overpaying RFV vs SCHK

$6,488

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

RFV 0.35%
$7,126
SCHK 0.03%
$638

Amount$10,000

Years30 years

Cost over time

RFV 0.35%
SCHK 0.03%
Overpaying

Year by year

Year	RFV	SCHK	Overpaying
10	$634	$55	$579
20	$2,454	$216	$2,238
30	$7,126	$638	$6,488

Expense ratio

0.35%RFV
0.03%SCHK, cheaper

SCHK0.03%RFV0.35%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SCHK cheapest of 42 funds

RFV 24th cheapest of 42 funds

RFV vs SCHK Dividends

Last 12 months to Nov 5, 2026

Yield (12M): RFV 1.67%, better; SCHK 1.09%
Payout (12M): RFV $2.39; SCHK $0.38
Last payment: RFV $0.57; SCHK $0.10
Ex-dividend: RFV Sep 21, 2026; SCHK Sep 23, 2026
Paid on: RFV Sep 25, 2026; SCHK Sep 28, 2026
Frequency: RFV Quarterly; SCHK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

RFVQuarterly · 39 paymentsAll RFV payments⁠

SCHKQuarterly · 39 paymentsAll SCHK payments⁠

RFV vs SCHK Risk

Fall from peak · 5 years

RFV
SCHK

Risk facts

VolatilityStd dev, 3 years: RFV 18.2%SCHK 12.6%, better
Return per unit of riskSharpe ratio, 3 years: RFV 0.79SCHK 1.39, better
Worst fallMax drawdown, 5 years: RFV −24.7%, betterSCHK −25.4%
Market sensitivityBeta, 5 years: RFV 1.08SCHK 1.02; Market = 1

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