ETF Versus

SCHV vs SPSM

Schwab U.S. Large-Cap Value ETF vs State Street SPDR Portfolio S&P 600 Small Cap ETF

Last updated: 2026-04-02

SCHV

Schwab U.S. Large-Cap Value ETF (SCHV) is an exchange-traded fund that provides exposure to large-cap U.S. value stocks trading at below-market valuations. Launched in 2009, the fund has a 17-year track record.

AUM: N/A ER: N/A Yield: N/A Since: 2009-12-15
SPSM

State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an exchange-traded fund that provides exposure to small-cap U.S. equities with higher growth potential and volatility. Launched in 2013, the fund has a 13-year track record.

AUM: N/A ER: N/A Yield: N/A Since: 2013-07-09

Quick Verdict

SPSM has edged ahead over the past year (17.2% vs 14.5%).

Key Metrics

Metric SCHV SPSM
Expense Ratio N/A N/A
Dividend Yield N/A N/A
Fund Family N/A N/A
Category US Large Cap Value US Small Cap

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
SCHV +38.4%
SPSM +13.0%

Performance Comparison

Period SCHV SPSM Difference
1 Month -3.53% -3.42% -0.11%
3 Months +2.41% +2.83% -0.42%
6 Months +4.76% +4.15% +0.61%
YTD +2.41% +2.83% -0.42%
1 Year +14.51% +17.20% -2.69%
3 Years +39.35% +28.78% +10.57%
5 Years +38.43% +12.96% +25.47%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SCHV Fees SPSM Fees You Save
$10,000 10 years $0 $0 $0
$10,000 20 years $0 $0 $0
$10,000 30 years $0 $0 $0
$50,000 10 years $0 $0 $0
$50,000 30 years $0 $0 $0
$100,000 30 years $0 $0 $0

Risk Metrics

Based on 5 years of daily returns

Metric SCHV SPSM
Annualized Volatility 14.6% 21.5%
Max Drawdown -21.1% -28.7%
Sharpe Ratio 0.21 0.01

Dividend Comparison

Metric SCHV SPSM
Annual Dividend (per share) $0.60 $0.77
Dividend Yield 1.96% 1.58%
Distribution Frequency Quarterly Quarterly

Which One Should You Choose?

Choose SPSM if...

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

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