Dividend comparison
VTV vs SCHV: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Vanguard Morningstar Value ETF and Schwab U.S. Large-Cap Value ETF, side by side. Updated October 21, 2026.
VTV vs SCHV: key differences
The short answer, from the latest data on this page.
- Fees. VTV is cheaper at 0.03% a year versus 0.04% for SCHV. On $10,000 that is $1 a year less in fees.
- Income. Their trailing yields are almost the same: 1.85% for VTV and 1.82% for SCHV. Both pay quarterly.
- Performance. Over the last 5 years, VTV returned 73.1% versus 61.5% for SCHV, with dividends reinvested. $10,000 would have grown to $17,311 in VTV and $16,152 in SCHV.
- Risk. SCHV has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -19.8%, against -17.0% for VTV.
- Diversification. SCHV holds 572 positions and VTV holds 331. The ten largest positions make up 24.3% of VTV and 22.0% of SCHV.
- Overlap. At least 57% of the two portfolios overlap by weight, across 79 shared holdings.
- Dividend growth. SCHV grew its yearly payout 6.3% a year over the last 4 years, versus 5.5% for VTV.
- Size. VTV is the larger fund with $251.7 billion in assets, against $15.4 billion for SCHV.
Bottom line: VTV fits better if you care most about stronger 5-year returns. SCHV fits better if you care most about broader diversification.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | VTV Vanguard Morningstar Value ETF | SCHV Schwab U.S. Large-Cap Value ETF |
|---|---|---|
| Dividend yield (TTM) | 1.85% | 1.82% |
| Dividend / share (TTM) | $4.16 | $0.63 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $1.0174 on Sep 30, 2026 | $0.1632 on Sep 28, 2026 |
| Ex-dividend date | Sep 28, 2026 | Sep 23, 2026 |
| Dividend growth (CAGR) | 5.5% over 4 yrs | 6.3% over 4 yrs |
| Price | $224.51 | $34.34 |
| Dividend growth streak | — | 4 years |
| Beta | 0.69 | 0.76 |
| Max drawdown (5Y) | -17.0% | -19.8% |
| Market cap | $251.71B | $15.48B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.03% | 0.04% |
| Assets under management | $251.70B | $15.41B |
| Number of holdings | 331 | 572 |
| Top 10 concentration | 24.3% | 22.0% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
VTV
$15.46/mo
$186 /yr at 1.85% yield
SCHV
$15.20/mo
$182 /yr at 1.82% yield
Dividend history
Total dividends paid per share in each calendar year. VTV pays quarterly; SCHV pays quarterly.
| Year | VTV | SCHV |
|---|---|---|
| 2025 | $3.9060 | $0.5995 |
| 2024 | $3.9158 | $0.5871 |
| 2023 | $3.6705 | $0.5646 |
| 2022 | $3.5322 | $0.5245 |
| 2021 | $3.1569 | $0.4688 |
Strategy: Large-cap value
Funds that hold the cheaper half of the large-cap market by price-to-book, price-to-earnings and similar ratios. They lean toward financials, healthcare, industrials and energy, and pay higher dividends than growth funds because mature companies return more cash to shareholders. Funds tracking different value indexes can differ a lot in how many stocks they hold and how they define cheap.
Value can trail the broad market for years at a time when growth companies lead, as it did for much of the last decade.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $17,311 in VTV and $16,152 in SCHV.
| Period | VTV | SCHV |
|---|---|---|
| 1 month | 1.47% | 1.42% |
| 3 months | 3.02% | 2.54% |
| Year to date | 17.55% | 17.60% |
| 1 year | 20.05% | 19.99% |
| 3 years | 74.35% | 74.58% |
| 5 years | 73.11% | 61.52% |
- VTV
- SCHV
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- VTV
- SCHV
VTV vs SCHV holdings overlap
At least 57% overlap by weight, with 79 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
| Largest shared holdings | VTV weight | SCHV weight |
|---|---|---|
| MUMicron Technology Inc | 4.56% | 3.40% |
| JPMJPMorgan Chase & Co | 3.33% | 3.01% |
| BRK-BBerkshire Hathaway Inc | 2.92% | 3.30% |
| XOMExxonMobil Holdings Corp | 2.56% | 2.45% |
| JNJJohnson & Johnson | 2.42% | 2.05% |
| WMTWalmart Inc | 1.72% | 1.77% |
| ABBVAbbVie Inc | 1.75% | 1.68% |
| CVXChevron Corp | 1.45% | 1.48% |
| CSCOCisco Systems Inc | 1.45% | 1.41% |
| PGProcter & Gamble Co/The | 1.28% | 1.23% |
Top 10 holdings
Largest positions by portfolio weight.
VTV331 holdings total
Quick verdict
VTV fits better if you care most about stronger 5-year returns. SCHV fits better if you care most about broader diversification. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how VTV vs SCHV fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is VTV or SCHV better for dividend income?
It depends on your goals. VTV currently yields 1.85% Trailing Twelve Months (TTM) while SCHV yields 1.82%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between VTV and SCHV?
Vanguard Morningstar Value ETF (VTV) is an ETF listed on AMEX. Schwab U.S. Large-Cap Value ETF (SCHV) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, VTV or SCHV?
VTV has the lower expense ratio. VTV charges 0.03% a year and SCHV charges 0.04%, a difference of $1 a year on a $10,000 investment.
Which has performed better, VTV or SCHV?
Over the last 5 years, VTV has the higher total return with dividends reinvested: VTV returned 73.1% and SCHV returned 61.5%. Past performance does not predict future returns.
Which is riskier, VTV or SCHV?
Measured by the worst peak-to-trough decline over the last five years, SCHV has been riskier: VTV fell as much as 17.0% and SCHV as much as 19.8%. Their betas are 0.69 and 0.76.
How much do VTV and SCHV overlap?
At least 57% of the two portfolios overlap by weight, across 79 shared holdings. The largest shared positions are MU, JPM, BRK-B. Holding both still adds meaningful diversification.
How often do VTV and SCHV pay dividends?
Both pay quarterly. The most recent payments were $1.0174 for VTV and $0.1632 for SCHV.
How much income does $10,000 in VTV vs SCHV generate?
At current TTM yields, $10,000 in VTV would generate roughly $15.46 per month ($186 annually). The same amount in SCHV would produce about $15.20 per month ($182 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both VTV and SCHV?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare VTV vs SCHV with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how VTV and SCHV fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
Related comparisons
For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.