ETF Versus

SCHM vs SCHV

Schwab U.S. Mid-Cap ETF vs Schwab U.S. Large-Cap Value ETF

Last updated: 2026-04-02

SCHM Schwab

Schwab U.S. Mid-Cap ETF (SCHM) is an exchange-traded fund issued by Schwab that provides exposure to mid-cap U.S. companies balancing growth potential and stability. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.40%. Launched in 2011, the fund has a 15-year track record.

AUM: $12.6B ER: 0.04% Yield: 1.40% Since: Jan 13, 2011
SCHV Schwab

Schwab U.S. Large-Cap Value ETF (SCHV) is an exchange-traded fund issued by Schwab that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.96%. Launched in 2009, the fund has a 17-year track record.

AUM: $14.6B ER: 0.04% Yield: 1.96% Since: Dec 11, 2009

Quick Verdict

SCHM has edged ahead over the past year (18.8% vs 15.2%). Income investors may prefer SCHV for its higher yield (2.0% vs 1.4%).

Key Metrics

Metric SCHM SCHV
Expense Ratio 0.04% 0.04%
Dividend Yield 1.4% 2.0%
Fund Family Schwab Schwab
Category US Mid Cap US Large Cap Value

Performance Chart

Indexed to 100 at start (5-year comparison)

80 94 108 122 136 150 2021-04 2022-06 2023-09 2024-12 2026-04
SCHM +23.5%
SCHV +38.4%

Performance Comparison

Period SCHM SCHV Difference
1 Month -5.47% -4.76% -0.71%
3 Months +2.53% +2.41% +0.12%
6 Months +4.03% +4.65% -0.62%
YTD +2.53% +2.41% +0.12%
1 Year +18.78% +15.24% +3.54%
3 Years +38.25% +39.35% -1.10%
5 Years +23.49% +38.43% -14.94%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SCHM Fees SCHV Fees You Save
$10.000 10 years $80 $80 $0
$10.000 20 years $344 $344 $0
$10.000 30 years $1.112 $1.112 $0
$50.000 10 years $399 $399 $0
$50.000 30 years $5.560 $5.560 $0
$100.000 30 years $11.121 $11.121 $0

Risk Metrics

Based on 5 years of daily returns

Metric SCHM SCHV
Annualized Volatility 19.5% 14.6%
Max Drawdown -27.4% -21.1%
Sharpe Ratio 0.08 0.21

Dividend Comparison

Metric SCHM SCHV
Annual Dividend (per share) $0.44 $0.60
Dividend Yield 1.40% 1.96%
Distribution Frequency Quarterly Quarterly

Top Holdings

0 of top 10 holdings overlap (0% overlap in top holdings)

SCHM Top Holdings

NameWeight
Sandisk CorporationSNDK1.95%
Ciena CorporationCIEN1.21%
Lumentum Holdings Inc.LITE1.07%
Coherent Corp.COHR0.98%
Bloom Energy CorporationBE0.74%
Texas Pacific Land CorporationTPL0.63%
TechnipFMC plcFTI0.62%
Tapestry, Inc.TPR0.60%
Casey's General Stores, Inc.CASY0.57%
FTAI Aviation Ltd.FTAI0.53%

SCHV Top Holdings

NameWeight
Berkshire Hathaway Inc.BRK.B3.09%
JPMorgan Chase & Co.JPM2.74%
Exxon Mobil CorporationXOM2.57%
Johnson & JohnsonJNJ2.08%
Walmart Inc.WMT1.94%
Micron Technology, Inc.MU1.44%
Chevron CorporationCVX1.42%
AbbVie Inc.ABBV1.33%
The Procter & Gamble CompanyPG1.19%
Caterpillar Inc.CAT1.16%

Which One Should You Choose?

Choose SCHM if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose SCHV if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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