SCHV vs VYM
Schwab US Large-Cap Value ETF vs Vanguard High Dividend Yield ETF
Which is better, SCHV or VYM?
Each has led over a different period.
SCHV led over 1Y, VYM over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. SCHV is less concentrated, with 20.4% of the fund in its ten largest positions against 26.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SCHV | VYM |
|---|---|---|
| Expense Ratio | 0.04%Tie | 0.04%Tie |
| AUM | $15.6B | $81.6B |
| Dividend Yield | 1.77% | 2.22% |
| Holdings | 560 | 613 |
| YTD Return | +15.30%Best | +13.08% |
| 1Y Return | +20.66%Best | +17.46% |
| 3Y Return (annualized) | +17.62% | +17.73%Best |
| 5Y Return (annualized) | +10.66% | +12.22%Best |
| Volatility (annualized) | 14.1% | 13.1%Best |
| Max Drawdown | -37.1% | -35.7%Best |
| $10,000 over 5 years | $16,594 | $17,797Best |
| Top 10 Weight | 20.4%Best | 26.1% |
| Fund Family | Charles Schwab Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 11, 2009 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Dec 11, 2009 to Sep 14, 2026 (16.8 years).
SCHV vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16.8 years both funds cover.
SCHV vs VYM Performance
Schwab US Large-Cap Value ETF (SCHV) is an ETF from Charles Schwab Asset Management and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year SCHV returned +20.66% while VYM returned +17.46%. Year to date, SCHV is up 15.30% versus a gain of 13.08% for VYM.
Over three years, SCHV compounded at +17.62% per year against +17.73% for VYM; over five years the annualized figures are +10.66% and +12.22% respectively. Across the full 17-year window we track, VYM has the edge at +10.01% annualized vs +9.50%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHV has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.1% for VYM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -37.1% for SCHV and -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SCHV charges 0.04% per year while VYM charges 0.04%. On a $10,000 position that is $4 vs $4 annually. On income, SCHV currently yields 1.77% against 2.22% for VYM.
Holdings Overlap
62.2% of SCHV's money is in holdings VYM also owns. 78.3% of VYM's money is in holdings SCHV also owns.
Most of VYM is already inside SCHV. Owning both mostly buys the same companies twice.
290 positions in common, counted across the 555 positions we hold weights for in SCHV and 557 in VYM, against full books of 560 and 613.
What only one of them owns
Our book lists 240 positions for VYM that do not appear in our book for SCHV (18.8% of the fund), and 250 for SCHV that do not appear in VYM (36.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SCHV | Weight in VYM | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 3.01% | 3.82% | 0.81% |
| XOMExxon Mobil Corp. | 2.10% | 2.63% | 0.53% |
| JNJJohnson & Johnson - Common | 2.02% | 2.51% | 0.49% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.38% | 1.86% | 0.48% |
| ABBVAbbvie Inc. | 1.43% | 1.80% | 0.37% |
| BACBank of America Corp.: Financials | 1.27% | 1.66% | 0.39% |
| CVXChevron Corp | 1.22% | 1.48% | 0.26% |
| CATCaterpillar, Inc. | 1.16% | 1.50% | 0.34% |
| KOCoca Cola Co. | 1.08% | 1.38% | 0.30% |
| MRKMerck & Company Inc | 1.15% | 1.31% | 0.16% |
78.3% of VYM is already inside SCHV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHV or VYM?
SCHV has an expense ratio of 0.04% while VYM charges 0.04%. At the precision these are quoted to, they cost the same.
Which performed better, SCHV or VYM?
Over the past year SCHV returned +20.66% vs +17.46% for VYM, so SCHV leads on 1-year performance. Over the longest common window we track (17 years), SCHV annualized +9.50% vs +10.01% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHV or VYM?
SCHV has been the more volatile fund at 14.1% annualized versus 13.1% for VYM. Worst drawdown: SCHV -37.1% vs VYM -35.7%.
Should I hold both SCHV and VYM?
SCHV and VYM have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SCHV and VYM?
78.3% of VYM's money is in holdings SCHV also owns. 78.3% of VYM's is in holdings SCHV also owns. They hold 290 positions in common, counted across the 555 positions we hold weights for in SCHV and 557 in VYM.
Which pays a higher dividend, SCHV or VYM?
SCHV yields 1.77% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than SCHV?
SCHV led over 1Y, VYM over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. SCHV is less concentrated, with 20.4% of the fund in its ten largest positions against 26.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.