What Is SCHV? Schwab U.S. Large-Cap Value ETF

SCHV is the Schwab U.S. Large-Cap Value ETF, a stock fund holding roughly 560 large U.S. companies classified as value. Value stocks trade at lower valuations than the broad market on metrics like price-to-earnings, price-to-book, and price-to-sales. SCHV tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index and is issued by Schwab Asset Management.

The fund gives cost-conscious investors a clean, diversified large-cap value tilt at a 0.04% expense ratio. It leans toward income-producing, established companies in sectors like financials, healthcare, and industrials, and pays dividends quarterly.

Approximate weights as of mid-2026; refresh quarterly from Schwab Asset Management's fund page. Each ticker links to its individual stock guide in Walnut.

SCHV holds around 560 large U.S. value stocks, weighted by market capitalization. Top positions in mid-2026 included Micron Technology, Berkshire Hathaway, JPMorgan Chase, Johnson & Johnson, and Exxon Mobil, though the top 10 make up only about 20% of the fund, so it is broadly diversified.

The sector mix tilts toward financials, healthcare, industrials, consumer staples, and energy. High-growth technology names are underweighted relative to a total-market or growth fund, which is the defining feature of value investing.

SCHV's closest competitor is Vanguard's VTV, the other dominant large-cap value ETF. They track different indexes (Dow Jones for SCHV, CRSP for VTV), producing modestly different holdings, sector weights, and how each defines value. Both charge minimal fees and fill the same portfolio role.

For most investors the two are close substitutes. The decision often comes down to which brokerage ecosystem you use, the specific index methodology you prefer, and small differences in yield and historical tracking. Neither is a clear winner over the other.

SCHV's returns follow the large-cap value segment of the U.S. market. Value stocks tend to outperform in certain regimes (rising rates, economic recovery, or when growth valuations stretch) and lag during growth-led bull markets dominated by megacap technology.

The fund carried a mid-2026 yield of around 1.8%, above the broad S&P 500, reflecting the income orientation of value companies. Long-term results depend heavily on whether value or growth leads over your holding period, which no one can reliably predict.

SCHV can fit investors who want low-cost exposure to large U.S. value stocks, whether as a standalone core holding or a diversifier alongside growth-heavy positions. Its higher dividend yield and defensive sector tilt appeal to income-minded and valuation-conscious investors.

Walnut is not an investment adviser and does not make recommendations. Whether SCHV belongs in your portfolio depends on your goals, timeline, and views on value versus growth. Consider consulting a licensed financial professional before investing.

SCHV trades on NYSE Arca and is available at essentially every brokerage, including Robinhood, Fidelity, Schwab, and Public. Most offer commission-free trading and fractional shares, so you can start with a small amount.

To track SCHV alongside a thesis-driven basket, connect your brokerage account to Walnut. Your login stays with your broker, the connection is read-only for tracking, and you approve any trade at your broker.

SCHV is one of the cheapest large-cap value ETFs available, at 0.04%, holding roughly 560 stocks. It works as a core value tilt or diversifier alongside a growth-heavy portfolio. Its main rival is Vanguard's VTV, which tracks a different value index but plays a similar role.

Whether SCHV is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is SCHV a buy?

SCHV yields ~1.8% as of mid-2026, paid by passing through the dividends of its underlying holdings. For the payout schedule, history, and how the distributions are taxed, see SCHV dividend: yield and schedule.