Schwab U.S. Large-Cap Value ETF (SCHV): Complete Beginner's Guide
Schwab U.S. Large-Cap Value ETF (SCHV) is a u.s. large-cap value ETF from Schwab with an expense ratio of 0.04% and $12.0B in assets under management. Our Beginner Suitability Score: 9/10 (Great for Beginners). 5-year annualized return: 10.50%.
Last updated: April 2026
Schwab • U.S. Large-Cap Value
Expense Ratio
0.04%
AUM
$12.0B
Dividend Yield
2.30%
Inception
2009
Beginner Score
9/10
What is Schwab U.S. Large-Cap Value ETF?
SCHV invests in large U.S. companies that appear undervalued based on fundamental measures like price-to-book and price-to-earnings ratios. It holds roughly 350 stocks focused on financials, health care, and industrials rather than high-flying tech names. Beginners who prefer a more conservative equity approach with higher dividends often find SCHV a good complement to growth-focused funds.
SCHV is managed by Schwab and has been available since 2009. With $12.0B in assets under management, it's a well-established fund with strong institutional backing. The fund charges an expense ratio of 0.04%, which means for every $10,000 you invest, you pay approximately $4 per year in management fees.
SCHV at a Glance — Key Metrics
| Expense Ratio | 0.04% |
| Total Holdings | 350 |
| P/E Ratio | 17.5 |
| Beta | 0.88 |
| Dividend Yield | 2.30% |
| AUM | $12.0B |
| Inception Year | 2009 |
| Issuer | Schwab |
Top 10 Holdings in SCHV
SCHV holds 350 different securities. Here are the largest positions that make up the core of this fund:
| # | Company | Ticker | Weight |
|---|---|---|---|
| 1 | Berkshire Hathaway Inc. | BRK.B | 4.00% |
| 2 | JPMorgan Chase & Co. | JPM | 3.50% |
| 3 | ExxonMobil Corp. | XOM | 2.80% |
| 4 | Johnson & Johnson | JNJ | 2.50% |
| 5 | Procter & Gamble Co. | PG | 2.30% |
| 6 | UnitedHealth Group Inc. | UNH | 2.20% |
| 7 | Bank of America Corp. | BAC | 2.00% |
| 8 | Chevron Corp. | CVX | 1.80% |
| 9 | Walmart Inc. | WMT | 1.70% |
| 10 | Pfizer Inc. | PFE | 1.50% |
SCHV's top holding is Berkshire Hathaway Inc. (BRK.B) at 4.00%, followed by JPMorgan Chase & Co. (JPM) at 3.50% and ExxonMobil Corp. (XOM) at 2.80%. The top 10 holdings account for 24.30% of the fund's 350 total positions.
View data table
| Rank | Company | Ticker | Weight |
|---|---|---|---|
| 1 | Berkshire Hathaway Inc. | BRK.B | 4.00% |
| 2 | JPMorgan Chase & Co. | JPM | 3.50% |
| 3 | ExxonMobil Corp. | XOM | 2.80% |
| 4 | Johnson & Johnson | JNJ | 2.50% |
| 5 | Procter & Gamble Co. | PG | 2.30% |
| 6 | UnitedHealth Group Inc. | UNH | 2.20% |
| 7 | Bank of America Corp. | BAC | 2.00% |
| 8 | Chevron Corp. | CVX | 1.80% |
| 9 | Walmart Inc. | WMT | 1.70% |
| 10 | Pfizer Inc. | PFE | 1.50% |
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SCHV Performance History
Here's how SCHV has performed over different time periods. Remember that past performance doesn't guarantee future results, but it gives you a sense of the fund's track record:
YTD
2.20%
1 Year
18.00%
3 Year
9.00%
5 Year
10.50%
10 Year
9.80%
SCHV has returned 10.50% annualized over 5 years and 9.80% over 10 years. YTD return is 2.20%.
View data table
| Period | Return |
|---|---|
| YTD | 2.20% |
| 1 Year | 18.00% |
| 3 Year | 9.00% |
| 5 Year | 10.50% |
| 10 Year | 9.80% |
Beginner Suitability Score: 9/10
Our proprietary Beginner Suitability Score evaluates ETFs based on five factors that matter most to new investors: fees, volatility, diversification, dividend history, and track record length.
SCHV scores 9/10 because it has very low fees, shows lower-than-average volatility, offers broad diversification across 350 holdings, and has been available since 2009, giving it a proven track record.
How to Buy SCHV — Step by Step
- Open a brokerage account — We recommend Fidelity, Charles Schwab, or Vanguard for ETF investing. All offer $0 commissions on ETF trades.
- Fund your account — Transfer money from your bank. You can start with as little as $1 if your broker offers fractional shares.
- Search for "SCHV" — Use the search bar in your brokerage platform to find Schwab U.S. Large-Cap Value ETF.
- Place your order — Choose "Market Order" for simplicity or "Limit Order" if you want to set a specific price. Enter how many shares (or dollar amount) you want to buy.
- Set up automatic investing — Most brokers let you schedule recurring purchases (e.g., $100/month on the 1st). This is dollar cost averaging in action.
SCHV Sector Allocation
Here's how SCHV distributes its investments across different sectors of the economy:
SCHV's largest sector allocation is Financials at 22.5%, followed by Health Care at 17.0% and Industrials at 12.5%.
View data table
| Sector | Weight |
|---|---|
| Financials | 22.5% |
| Health Care | 17.0% |
| Industrials | 12.5% |
| Consumer Staples | 10.5% |
| Energy | 8.8% |
| Information Technology | 8.0% |
| Utilities | 6.5% |
| Communication Services | 5.5% |
| Consumer Discretionary | 4.2% |
| Real Estate | 2.8% |
| Materials | 1.7% |
Dollar Cost Averaging Into SCHV
Here's what consistent monthly investing could look like over time, assuming an average annual return of 8% (approximate historical stock market average):
| Monthly | 10 Years | 20 Years | 30 Years |
|---|---|---|---|
| $100/mo | $18,417 | $59,295 | $150,030 |
| $250/mo | $46,041 | $148,237 | $375,074 |
| $500/mo | $92,083 | $296,474 | $750,148 |
*Projections assume 8% average annual return with monthly compounding. Actual returns will vary. Past performance doesn't guarantee future results.
Fee impact: With SCHV's expense ratio of 0.04%, a $10,000 investment would lose approximately $344 to fees over 20 years compared to a zero-fee investment. This is a reasonable fee level for the value provided.
SCHV's expense ratio of 0.04% costs $344 on a $10,000 investment over 20 years (assuming 8% annual return). Without fees, the investment would grow to $46,610 instead of $46,266.
View data table
| Year | Without Fees | With Fees | Fee Cost |
|---|---|---|---|
| 0 | $10,000 | $10,000 | $0 |
| 5 | $14,693 | $14,666 | $27 |
| 10 | $21,589 | $21,509 | $80 |
| 15 | $31,722 | $31,546 | $176 |
| 20 | $46,610 | $46,266 | $344 |
Pros and Cons of SCHV
Pros
- ✓Higher dividend yield than growth ETFs provides steady income stream
- ✓Lower valuations offer potential margin of safety during market corrections
- ✓Ultra-low 0.04% expense ratio for factor-based value exposure
- ✓Well-diversified across defensive sectors like financials and health care
Cons
- ✗Has underperformed growth funds significantly during recent tech-driven rallies
- ✗Lower exposure to technology sector means missing the fastest-growing segment
- ✗Value stocks can remain undervalued for extended periods before recovering
SCHV vs Similar ETFs
See how SCHV stacks up against similar funds:
Frequently Asked Questions
Is SCHV a good ETF for beginners?▾
SCHV has a Beginner Suitability Score of 9/10 on our scale. This makes it a strong choice for new investors due to its low fees and broad diversification.
What is the expense ratio of SCHV?▾
SCHV has an expense ratio of 0.04%. This means for every $10,000 you invest, you pay approximately $4 per year in fees. This is considered very low and cost-efficient.
How much money do I need to invest in SCHV?▾
You can invest in SCHV with as little as $1 through brokers that offer fractional shares (like Fidelity, Schwab, or Robinhood). There is no minimum investment required beyond the share price itself, which changes daily. Dollar cost averaging — investing a fixed amount regularly — is a popular strategy.
Does SCHV pay dividends?▾
Yes, SCHV pays dividends with a current yield of approximately 2.30%. Dividends are typically paid quarterly and can be reinvested automatically through most brokers.
What are the top holdings in SCHV?▾
The top holdings in SCHV include Berkshire Hathaway Inc. (4.00%), JPMorgan Chase & Co. (3.50%), ExxonMobil Corp. (2.80%), and more. The fund holds 350 total positions, providing broad diversification across many companies.
What sectors does SCHV invest in?▾
SCHV's largest sector allocations are Financials (22.50%), Health Care (17.00%), Industrials (12.50%). This sector distribution shows a focus on financials stocks.
How much do SCHV's fees cost over time?▾
With an expense ratio of 0.04%, a $10,000 investment in SCHV would lose approximately $344 to fees over 20 years (assuming 8% annual returns). This is a reasonable fee level.