What does 'large cap value' actually mean for AVLV and SCHV?

Large-cap value ETFs invest in established companies priced below what analysts believe is their intrinsic value. Both AVLV and SCHV fall into this category, targeting mature U.S. firms with potential for price appreciation or steady income. Unlike growth funds that chase high-growth tech stocks, value funds seek stocks trading at lower valuations relative to earnings. This approach often correlates with higher dividend yields and lower volatility. Investors choose this strategy for diversification away from pure growth portfolios, though performance depends on market cycles favouring value stocks over growth names.

How do the expense ratios of AVLV and SCHV compare?

AVLV carries a 0.15% expense ratio while SCHV is significantly cheaper at 0.04%. Over long periods, this difference compounds noticeably. For example, on a $10,000 investment held for ten years with 7% annual returns, SCHV would save roughly $110 compared to AVLV. The lower fee structure generally benefits cost-conscious investors seeking basic large-cap value exposure. However, AVLV's higher fee reflects active management components, though its index tracking methodology remains unspecified. Investors should weigh whether potential active management benefits justify the extra cost when comparing these two funds.

What's the track record difference between these two ETFs?

SCHV has a substantially longer performance history, with inception in December 2009, giving it over fourteen years of track data. AVLV is much newer, launched in September 2021, providing less than three years of history. This difference means SCHV's performance spans various market conditions including bull markets, recessions, and high-interest periods. While past performance doesn't guarantee future results, a longer track record offers more statistical confidence about how the fund behaves through different economic cycles. AVLV investors rely more on methodology assumptions rather than demonstrated long-term results.

Which fund pays higher dividends, AVLV or SCHV?

SCHV offers a higher dividend yield at 1.79% compared to AVLV's 1.11%. Both funds distribute dividends from underlying holdings, but SCHV appears tilted toward income-generating traditional value stocks like JPM and XOM. AVLV's slightly lower yield reflects its inclusion of large-cap tech names like Microsoft and Meta, which typically pay smaller dividends relative to their share prices. Income-focused investors might prefer SCHV's yield, while growth-oriented value investors might accept AVLV's lower current income for potential capital appreciation from tech-weighted holdings.

How do top holdings differ between AVLV and SCHV?

AVLV's top positions include Microsoft and Meta, reflecting exposure to large-cap technology companies considered value by its methodology. SCHV leads with Micron, JPMorgan Chase, and Berkshire Hathaway, representing more traditional financial and industrial value stocks. While both funds share holdings like Micron, JPMorgan Chase, and ExxonMobil, their overall portfolios differ significantly. AVLV blends modern tech value with traditional sectors, whereas SCHV maintains a more conventional large-cap value allocation favouring established financials and industrials over growth-oriented technology firms.

What's the AUM difference between AVLV and SCHV?

AVLV commands larger net assets at $21.5 billion versus SCHV's $16.9 billion. Despite its shorter history, AVLV has attracted more capital inflows. Both funds are well-capitalised, supporting good liquidity and tight bid-ask spreads for investors. The asset difference is unlikely to impact everyday trading decisions given both funds exceed reasonable liquidity thresholds. However, larger funds sometimes face challenges implementing strategies efficiently if holdings become illiquid. In this case, both funds hold predominantly large-cap stocks with sufficient daily volume, minimising capacity constraints.

When might AVLV be more appropriate than SCHV?

AVLV might suit investors seeking a more modern value approach incorporating large-cap technology and consumer internet companies like Microsoft and Meta within a value framework. This blend can reduce concentration risk in traditional sectors like banks and energy. Investors comfortable paying 0.15% for potentially active management or different factor exposures might prefer AVLV despite its shorter track record. Those wanting growth-oriented value characteristics with lower current income might find AVLV more aligned, particularly if they believe technology companies can sustain value-oriented investment criteria.

Why is SCHV's lower fee significant for long-term returns?

SCHV's 0.04% expense ratio versus AVLV's 0.15% creates a meaningful performance drag over time. The 0.11% annual difference compounds; on a $100,000 investment over twenty years at a 7% pre-fee return, this represents roughly $2,600 less in final wealth for the higher-cost fund. In efficient markets like large-cap US stocks, fees often become the primary determinant of net returns when gross performance is similar. Cost-conscious investors building diversified portfolios benefit from minimizing expense ratios across all holdings, making SCHV attractive for basic large-cap value exposure without premium fees.

Do overlapping holdings reduce diversification benefits?

AVLV and SCHV share three top-10 holdings: Micron (MU), JPMorgan Chase (JPM), and ExxonMobil (XOM). While overlap exists, the funds remain sufficiently differentiated through their other positions. AVLV's inclusion of Microsoft and Meta versus SCHV's concentration in Berkshire Hathaway and Johnson & Johnson creates distinct portfolio profiles. Investors holding both would experience some duplication but also benefit from each fund's unique sector tilts. Complete avoidance of overlap is unnecessary; focus instead on whether the combined portfolio aligns with your target asset allocation and risk tolerance.

What should beginners know before comparing these ETFs?

Educational note: This comparison is for informational purposes only and does not constitute investment advice. Beginners should understand that expense ratios, dividend yields, and track records are starting points, not guarantees. Consider your overall portfolio construction, risk tolerance, and time horizon rather than focusing solely on these two funds. Research both ETFs' methodology documents, though these funds have limited transparency. Speak with qualified financial professionals for personalized guidance on which fund, if any, suits your individual circumstances.

AVLV vs SCHV

Two funds, one decision: we compare cost, performance and what each ETF actually holds in October 2026.

Compare Avantis U.S. Large Cap Value ETF (AVLV) and Schwab US Large-Cap Value ETF (SCHV). This page examines fees, holdings, dividends, and how each fund tracks its market. Both focus on large-value equities, with AVLV charging 0.15% versus SCHV at 0.04%. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

AVLV

Metric

SCHV

0.15%

Expense Ratio

0.04%

1.11%

Dividend Yield

1.79%

$21.49B

Net Assets

$16.91B

303

Holdings

559

Sep 21, 2021

Inception Date

Dec 11, 2009

–

Index Tracked

–

Large Value

Fund Category

Large Value

SCHV costs about $11.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	AVLV	SCHV
MUMicron Technology, Inc.	3.13%	3.52%
JPMJPMorgan Chase & Co.	2.74%	2.99%
XOMExxonMobil Holdings Corporation	2.42%	2.16%

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Investment Analysis

AVLV

Pros

Expenses are reasonable at 0.15% for an actively managed fund.
Assets total $21.5 billion, supporting good liquidity.
Top holdings include MSFT and META, providing exposure to large growth-oriented value names.

Considerations

Inception was September 2021, giving only a short track record.
Index tracked is not available, limiting transparency on methodology.
Sector weights are not available, making style analysis incomplete.

SCHV

Pros

Cost is low at 0.04% per year, which is competitive for large-cap value.
Inception was December 2009, offering a long performance history.
Dividend yield is 1.79%, higher than the 1.11% yield for AVLV.

Considerations

Assets are $16.9 billion, smaller than AVLV’s $21.5 billion base.
Top holdings are more traditional value names such as MU and JPM.
Index tracked is not available, so methodology details are not provided.

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About AVLV and SCHV

AVLV (AVLV)

The Avantis U.S. Large Cap Value ETF (AVLV) is an exchange-traded fund designed to provide exposure to large-capitalisation companies in the United States that are considered undervalued relative to their fundamentals. Launched in September 2021, this fund seeks to capture the value factor, which historically suggests that cheaper stocks may outperform more expensive ones over long periods. With a low expense ratio of 0.15%, it offers a cost-efficient way for investors to diversify their portfolios within the US equity market. The fund holds over 300 companies, providing broad exposure while maintaining a focus on value metrics. Investors should note that while value stocks can offer attractive opportunities, they may underperform growth stocks during certain market cycles. As with any investment, values can rise and fall, and returns are not guaranteed.

SCHV (SCHV)

SCHV (Schwab US Large‑Cap Value ETF) is an exchange‑traded fund that seeks to track the Dow Jones U.S. Large‑Cap Value Total Stock Market Index, providing diversified exposure to large‑capitalisation U.S. companies classified as value stocks. Managed by Charles Schwab, the ETF is designed for passive, cost‑efficient investing and typically offers regular income through dividends. It can serve as a way to tilt a portfolio toward value characteristics—such as lower valuation multiples or higher dividend yields—rather than growth. Investors should note that ETFs are pooled instruments (so a single market‑cap figure for the ETF itself is not applicable in the same way as for a company), and performance depends on the underlying index and market conditions. Value styles can underperform growth for extended periods and returns are not guaranteed. This summary is educational only and not personalised financial advice; suitability depends on individual objectives and risk tolerance.

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AVLV vs SCHV

Fund Snapshot