SCHV vs SPLV: Differences, Returns & Fees
SCHV and SPLV hold 22% of their weight in the same names, and SCHV returned +19.4% over the year. Net assets: $15.5bn on May 31, 2026 for Schwab U.S. Large-Cap Value ETF, and $7.0bn on Oct 9, 2026 for Invesco S&P 500 Low Volatility ETF.
SCHV costs 0.21 points a year less; their one-year returns differ by 17.4 points; SCHV is 2.2 times larger.
| SCHV | SPLV | |
|---|---|---|
| Expense ratio | 0.04% | 0.25% |
| Net assets, as of May 31, 2026 | $15.5bn | $6.9bn |
| Total return, 1 year | +19.4% | +2.0% |
| What it tracks | Dow Jones U.S. Large-Cap Value Total Stock Market Index | S&P 500 Low Volatility Index |
| Holdings in common | 22% | |
| Holdings dated | May 31, 2026 | Oct 10, 2026 |
| Top ten holdings, share of the fund | 20.3% | 12.7% |
| Below its high | 3.6%, high on Aug 14, 2026 | 7.1%, high on Jul 28, 2026 |
Holdings in common uses holdings dated May 31, 2026 and Oct 9, 2026.
What they hold in common
By the books each fund has filed, SCHV and SPLV hold 22% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Oct 9, 2026.
half
22% in common
On the same fields
SCHV and SPLV on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About SCHV
SCHV tracks an index. Over the year to Oct 9, 2026 it returned +19.4% with distributions reinvested. The prospectus expense ratio is 0.04% a year. By its holdings filed for May 31, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 555 positions, with the top ten at 20.3%. It sat 3.6% below its high of Aug 14, 2026 on Oct 9, 2026.
About SPLV
SPLV tracks an index. Over the year to Oct 9, 2026 it returned +2.0% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Oct 10, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 108 positions, with the top ten at 12.7%. It sat 7.1% below its high of Jul 28, 2026 on Oct 9, 2026.
Questions people ask
- Which returned more over the last year, SCHV or SPLV?
- In the year to Oct 9, 2026, with distributions reinvested, SCHV returned +19.4% and SPLV +2.0%.
- Which is cheaper, SCHV or SPLV?
- SCHV is cheaper, by 0.21 percentage points a year. That is about $21 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, SCHV against SPLV, data as of Oct 9, 2026. https://etfiq.com/compare/any/schv-vs-splv
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[SCHV against SPLV (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/schv-vs-splv)
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