SCHV vs VOE: Grades, Fees and Holdings Compared

Schwab U.S. Large-Cap Value ETF

SCHVANYSE Arca

Vanguard Morningstar Mid-Cap Value ETF

VOEANYSE Arca

Overlap

20.8%by weight

Expense ratio

SCHV −0.01pt a year

SCHV0.04%VOE0.05%

Avg volume · 30D

SCHV 9.6×the volume

SCHV3.17MVOE331K

10Y return · a year

SCHV +0.4pt

SCHV+11.6%VOE+11.2%

SCHV vs VOE Performance

Oct 29, 2021 – Oct 30, 2026

+63.8%SCHV+62.0%VOE

Expense ratio: SCHV 0.04%, better; VOE 0.05%
Fund size: SCHV $15.7B; VOE $36.7B
1Y total return: SCHV +22.1%; VOE +25.0%, better
Yield (12M): SCHV 1.81%; VOE 1.84%, better
Holdings: SCHV 568; VOE 173
Avg volume (30D): SCHV 3.17M sh, better; VOE 331K sh
NAV per share: SCHV $34.62; VOE $211.25
52W range

ETF.net Grade

Pillar letters and Scores for SCHV, VOE, with each pillar’s weight
Pillar	SCHV	VOE
Cost30% weight	A96Higher	A86
Mission25% weight	A88	A96Higher
Risk15% weight	B68Higher	B67
Tradability15% weight	A95Higher	C48
Holdings10% weight	B59	B62Higher
Durability5% weight	B68	A84Higher

Rank among US Value Index funds

How we build Categories ›

Same Category. SCHV and VOE 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 VOE 4th 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 4AIWDiShares Russell 1000 Value ETFScore 77
Rank 4AVOEVanguard Morningstar Mid-Cap Value ETFScore 77
Rank 6AVLUState Street SPDR S&P 1500 Value Tilt ETFScore 75

Our read on each fund

ETF.net Research

SCHVASchwab U.S. Large-Cap Value ETF

VOEAVanguard Morningstar Mid-Cap Value ETF

In short

SCHV No data

VOE The value aisle is stacked with large-cap funds. VOE works the middle of the market instead: roughly 190 mid-cap US value stocks, picked by CRSP's five-factor cheapness screen, at five basis points.

Stated mandate

SCHV No data

VOE The fund seeks to track the CRSP US Mid Cap Value Index through passive, full replication of its U.S. mid-cap value equity holdings and remains fully invested.

Why people hold it

SCHV No data

VOE Five basis points a year, against a cohort median of 0.18%. Under a third of what the typical US value ETF charges.
Mid-cap value is the slot most value funds skip. The other heavyweights on this shelf (VTV, SCHV, IUSV) fish mainly in large caps.
Full replication: it buys the index outright rather than sampling it, and has tracked that index very closely.vanguard.com
Trading since 2006 and now a multi-billion-dollar fund, run as an ETF share class of Vanguard's mid-cap value index fund.vanguard.com

Worth knowing

SCHV No data

VOE Mid-caps swing wider than large caps, so this is the bumpier seat among the value ETFs it sits beside, most of which lean large.
CRSP scores stocks on both value and growth and can split a name across the two, so some holdings also appear in the mid-cap growth index.crsp.com
The screen is price-based (book, earnings, dividends and sales to price), not quality. Cheap-looking cyclicals come with the territory.crsp.com

Full SCHV profile⁠

Full VOE profile⁠

SCHV vs VOE Holdings

How SCHV and VOE differ

Overlap by weight

20.8%

Shared holdings make up 89.7% of VOE and 20.8% of SCHV.

Level by level

Holdings152 in both20.8%
Sector11 Sectors79.7%
Countryby domicile98.9%
Asset classEquity100%

Sector

Sector weights in SCHV and VOE, widest gap first
Sector	More in SCHVMore in VOE	SCHV	VOE
Technology	SCHV +10.1 points	17.6%	7.5%
Utilities	VOE +7.1 points	3.9%	11.0%
Energy	VOE +6.4 points	7.3%	13.7%
Health Care	SCHV +5.3 points	14.2%	8.9%
Materials	VOE +3.1 points	2.8%	5.9%
Industrials	VOE +2.3 points	11.3%	13.6%
Communication	SCHV +1.8 points	3.5%	1.7%
Financials	SCHV +1.5 points	20.4%	18.9%
Real Estate	VOE +1.3 points	4.0%	5.3%
Consumer Staples	SCHV +1.1 points	8.8%	7.7%
Consumer Discretionary	SCHV +0.5 points	6.3%	5.8%

Country, concentration and asset class

Country by domicile

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

Concentration

Weight in the 10 largest Holdings

SCHV19.9%
VOE14.1%

Securities held

SCHV568
VOE168

Asset class

SCHV: Equity
VOE: Equity

Holdings

Only in SCHV416
In both152
Only in VOE16

Only in SCHV

416 securities, 79.2% of SCHV by weight

Berkshire Hathaway Inc Class B3.29%
JPMorgan Chase2.98%
Exxonmobil Holdings Corp2.46%
Johnson & Johnson2.16%
Walmart1.76%
AbbVie1.67%
Intel Corporation Corp1.49%
Chevron1.49%
Cisco Systems Inc1.39%
Procter & Gamble1.22%
Merck & Co Inc1.18%
Coca-Cola1.17%
Bank of America1.08%
Home Depot1.07%
Philip Morris International1.06%
Lam Research1.04%
Texas Instrument0.93%
Goldman Sachs Group0.88%
Rtx0.88%
Netflix0.84%
Wells Fargo0.84%
Amgen Inc0.81%
International Business Machines Co0.79%
Oracle0.79%
Morgan Stanley0.74%
Analog Devices0.69%
Citigroup0.69%
Gilead Sciences0.67%
Amphenol Corp Class A0.66%
Qualcomm0.65%
Space Exploration Technologies Cor0.64%
Marvell Technology0.62%
Salesforce0.62%
Pepsico0.59%
Mcdonalds Corp0.59%
Verizon Communications Inc0.59%
Abbott Laboratories0.59%
Conocophillips0.59%
Union Pacific0.58%
Nextera Energy0.56%
Pfizer0.56%
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%

Only in VOE

16 securities, 10.3% of VOE by weight

Phillips 661.74%
Warner Bros Discovery Inc1.26%
United Rentals Inc1.06%
TE Connectivity PLC1.04%
Baker Hughes Co0.93%
Delta Air Lines Inc0.84%
Humana Inc0.78%
Diamondback Energy Inc0.66%
Regeneron Pharmaceuticals Inc0.65%
Roper Technologies Inc0.59%
Carnival Corp Ltd0.26%
Apollo Global Management Inc0.20%
Fox Corp0.12%
Hubbell Inc0.10%
Lennar Corp0.03%
SLCMT1142<0.01%

Weight gaps

The 100 widest of 152 Holdings in both funds.

Holding weights in SCHV and VOE, widest gap first
Holding	More in SCHVMore in VOE	SCHV	VOE
Valero Energy CorpVLO	VOE +1.54 points	0.36%	1.90%
Marathon PetroleumMPC	VOE +1.49 points	0.40%	1.89%
Hewlett Packard EnterpriseHPE	VOE +1.12 points	0.25%	1.37%
Target CorpTGT	VOE +0.99 points	0.22%	1.21%
Cummins IncCMI	VOE +0.98 points	0.23%	1.21%
SlbSLB	VOE +0.97 points	0.26%	1.23%
General MotorsGM	VOE +0.91 points	0.24%	1.15%
Digital Realty Trust ReitDLR	VOE +0.90 points	0.21%	1.11%
American Electric Power IncAEP	VOE +0.87 points	0.23%	1.10%
CortevaCTVA	VOE +0.86 points	0.02%	0.88%
Air Products and ChemicalsAPD	VOE +0.83 points	0.23%	1.06%
Simon Property Group Reit IncSPG	VOE +0.82 points	0.23%	1.05%
Paccar IncPCAR	VOE +0.81 points	0.18%	0.99%
Strategy Inc Class AMSTR	VOE +0.78 points	0.17%	0.95%
Aon PLC Class AAON	VOE +0.78 points	0.22%	1.00%
Arthur J GallagherAJG	VOE +0.78 points	0.22%	1.00%
Truist FinancialTFC	VOE +0.76 points	0.20%	0.96%
Allstate CorpALL	VOE +0.75 points	0.21%	0.96%
Crh Public Limited PLCCRH	VOE +0.74 points	0.20%	0.94%
Cheniere EnergyLNG	VOE +0.74 points	0.21%	0.95%
CencoraCOR	VOE +0.72 points	0.21%	0.93%
Dominion EnergyD	VOE +0.72 points	0.19%	0.91%
OneokOKE	VOE +0.72 points	0.20%	0.92%
NucorNUE	VOE +0.70 points	0.20%	0.90%
Cardinal HealthCAH	VOE +0.69 points	0.19%	0.88%
MetlifeMET	VOE +0.69 points	0.18%	0.87%
SempraSRE	VOE +0.69 points	0.18%	0.87%
Devon EnergyDVN	VOE +0.68 points	0.18%	0.86%
AflacAFL	VOE +0.68 points	0.18%	0.86%
Vivmark ResidentialVMRK	VOE +0.66 points	0.14%	0.80%
Becton DickinsonBDX	VOE +0.65 points	0.18%	0.83%
NewmontNEM	VOE +0.66 points	0.38%	1.04%
Ford MotorF	VOE +0.65 points	0.16%	0.81%
Nasdaq IncNDAQ	VOE +0.64 points	0.15%	0.79%
Public Storage ReitPSA	VOE +0.64 points	0.17%	0.81%
Westinghouse Air Brake TechnologieWAB	VOE +0.63 points	0.16%	0.79%
Entergy CorpETR	VOE +0.62 points	0.17%	0.79%
Fifth Third BancorpFITB	VOE +0.62 points	0.16%	0.78%
State StreetSTT	VOE +0.62 points	0.16%	0.78%
Iqvia Holdings IncIQV	VOE +0.60 points	0.15%	0.75%
Ameriprise Finance IncAMP	VOE +0.60 points	0.14%	0.74%
Xcel Energy IncXEL	VOE +0.59 points	0.16%	0.75%
Carrier GlobalCARR	VOE +0.58 points	0.15%	0.73%
L3HARRIS TechnologiesLHX	VOE +0.58 points	0.17%	0.75%
Ferguson EnterprisesFERG	VOE +0.58 points	0.15%	0.73%
Nike Class BNKE	VOE +0.58 points	0.15%	0.73%
EbayEBAY	VOE +0.56 points	0.16%	0.72%
Netapp IncNTAP	VOE +0.56 points	0.14%	0.70%
Occidental Petroleum CorpOXY	VOE +0.56 points	0.15%	0.71%
Exelon CorpEXC	VOE +0.56 points	0.15%	0.70%
Prudential Financial IncPRU	VOE +0.54 points	0.13%	0.67%
Archer Daniels MidlandADM	VOE +0.53 points	0.12%	0.65%
American International GroupAIG	VOE +0.52 points	0.14%	0.66%
Cbre Group Class ACBRE	VOE +0.51 points	0.12%	0.63%
Keurig Dr Pepper IncKDP	VOE +0.51 points	0.16%	0.67%
SyscoSYY	VOE +0.51 points	0.13%	0.64%
Consolidated EdisonED	VOE +0.50 points	0.14%	0.64%
United Airlines HoldingsUAL	VOE +0.50 points	0.11%	0.61%
D R HortonDHI	VOE +0.47 points	0.12%	0.59%
KrogerKR	VOE +0.46 points	0.12%	0.58%
KenvueKVUE	VOE +0.46 points	0.12%	0.58%
Johnson Controls International PLCJCI	VOE +0.46 points	0.31%	0.77%
Public Service Enterprise GroupPEG	VOE +0.45 points	0.12%	0.57%
BiogenBIIB	VOE +0.45 points	0.12%	0.57%
Hartford Insurance GroupHIG	VOE +0.45 points	0.12%	0.57%
Wec Energy GroupWEC	VOE +0.44 points	0.12%	0.56%
Kimberly ClarkKMB	VOE +0.43 points	0.12%	0.55%
M&T BankMTB	VOE +0.43 points	0.11%	0.54%
Huntington Bancshares IncHBAN	VOE +0.42 points	0.11%	0.53%
WilliamsWMB	VOE +0.41 points	0.30%	0.71%
Sunbelt Rentals Holdings IncSUNB	VOE +0.40 points	0.11%	0.51%
Northern TrustNTRS	VOE +0.40 points	0.10%	0.50%
Arch Capital GroupACGL	VOE +0.39 points	0.12%	0.51%
Ge Healthcare TechnologiesGEHC	VOE +0.39 points	0.11%	0.50%
Hp IncHPQ	VOE +0.39 points	0.09%	0.48%
Cboe Global MarketsCBOE	VOE +0.38 points	0.11%	0.49%
AmerenAEE	VOE +0.37 points	0.10%	0.47%
Travelers CompaniesTRV	VOE +0.36 points	0.27%	0.63%
Crown Castle IncCCI	VOE +0.36 points	0.12%	0.48%
Willis Towers WatsonWTW	VOE +0.36 points	0.10%	0.46%
Dollar General CorpDG	VOE +0.36 points	0.09%	0.45%
Raymond JamesRJF	VOE +0.35 points	0.09%	0.44%
PG&E CorpPCG	VOE +0.35 points	0.10%	0.45%
Cognizant Technology Solutions ClaCTSH	VOE +0.35 points	0.09%	0.44%
Quest Diagnostics IncDGX	VOE +0.35 points	0.09%	0.44%
American Water WorksAWK	VOE +0.35 points	0.09%	0.44%
Keysight TechnologiesKEYS	VOE +0.35 points	0.18%	0.53%
Citizens Financial Group IncCFG	VOE +0.35 points	0.09%	0.44%
Vici Pptys IncVICI	VOE +0.34 points	0.09%	0.43%
Norfolk Southern CorpNSC	VOE +0.34 points	0.25%	0.59%
Honeywell International Inc When IHON	VOE +0.34 points	0.23%	0.57%
Dte EnergyDTE	VOE +0.34 points	0.09%	0.43%
Colgate-PalmoliveCL	VOE +0.34 points	0.24%	0.58%
Boston ScientificBSX	VOE +0.34 points	0.20%	0.54%
DoverDOV	VOE +0.34 points	0.09%	0.43%
Principal Financial Group IncPFG	VOE +0.34 points	0.07%	0.41%
Labcorp HoldingsLH	VOE +0.33 points	0.10%	0.43%
Eversource EnergyES	VOE +0.33 points	0.08%	0.41%
Firstenergy CorpFE	VOE +0.33 points	0.08%	0.41%
Cincinnati FinancialCINF	VOE +0.33 points	0.09%	0.42%

All 570 SCHV holdings⁠All 186 VOE 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.

SCHV vs VOE Cost

Overpaying VOE vs SCHV

$211

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

SCHV 0.04%
$849
VOE 0.05%
$1,060

Amount$10,000

Years30 years

Cost over time

SCHV 0.04%
VOE 0.05%
Overpaying

Year by year

Year	SCHV	VOE	Overpaying
10	$73	$92	$19
20	$288	$360	$72
30	$849	$1,060	$211

Expense ratio

0.04%SCHV, cheaper
0.05%VOE

SCHV0.04%VOE0.05%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

SCHV 3rd cheapest of 40 funds

VOE 5th cheapest of 40 funds

SCHV vs VOE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SCHV 1.81%; VOE 1.84%, better
Payout (12M): SCHV $0.63; VOE $3.88
Last payment: SCHV $0.16; VOE $1.03
Ex-dividend: SCHV Sep 23, 2026; VOE Sep 28, 2026
Paid on: SCHV Sep 28, 2026; VOE Sep 30, 2026
Frequency: SCHV Quarterly; VOE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SCHVQuarterly · 40 paymentsAll SCHV payments⁠

VOEQuarterly · 39 paymentsAll VOE payments⁠

SCHV vs VOE Risk

Fall from peak · 5 years

SCHV
VOE

Risk facts

VolatilityStd dev, 3 years: SCHV 11.9%, betterVOE 13.3%
Return per unit of riskSharpe ratio, 3 years: SCHV 1.31, betterVOE 1.20
Worst fallMax drawdown, 5 years: SCHV −19.8%VOE −19.7%, better
Market sensitivityBeta, 5 years: SCHV 0.76VOE 0.76; Market = 1

SCHV and VOE 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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SCHV vs VOE

In short

Stated mandate

Why people hold it

Worth knowing

How SCHV and VOE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SCHV

Only in VOE

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%