How do the expense ratios of LVHI and SCHD differ?

LVHI has an expense ratio of 0.40%, while SCHD's is 0.06%, making SCHD significantly cheaper on paper. The difference is 0.34 percentage points. A lower expense ratio means less of the fund's assets are used for management costs, which can affect net returns over long periods. Investors should note that LVHI focuses on foreign large value markets, whereas SCHD targets US large value stocks, so the fee comparison exists alongside different investment strategies and market exposures.

What are the dividend yields and how do they compare?

LVHI offers a dividend yield of 4.61%, which is higher than SCHD's 3.11%. A higher yield can indicate potentially greater income generation from the holdings, but it may also reflect different risks or market conditions. SCHD's lower yield is associated with its US-centric large value strategy. Both funds distribute income to shareholders, typically through quarterly payments, but the actual payout amounts vary based on the underlying companies' dividend policies and market performance.

What is the difference between LVHI and SCHD in terms of market exposure?

LVHI focuses on foreign large value markets, providing exposure to international equities. In contrast, SCHD is a US-centric fund targeting domestic large value stocks. This means LVHI's performance is influenced by global economic factors, currency fluctuations, and international market trends. SCHD's performance is driven by the US economy and domestic corporate earnings. Investors considering these funds should understand that their market exposures are fundamentally different, affecting risk profiles and potential growth areas.

What does the fund size (net assets) tell you about liquidity?

SCHD has net assets of $112.8 billion, significantly larger than LVHI's $6.0 billion. A larger fund size often correlates with higher trading volumes and tighter bid-ask spreads, facilitating easier buying and selling. While LVHI's $6.0 billion still provides substantial liquidity, SCHD's massive asset base ensures deep secondary market trading, potentially reducing transaction costs for large trades. Investors generally prefer funds with higher liquidity, especially when executing large orders or needing quick access to funds.

How much overlap is there between the top holdings of LVHI and SCHD?

There is no overlap between the top-10 holdings of LVHI and SCHD. This is because LVHI invests in foreign large value stocks, while SCHD holds US companies such as Merck (MRK), AbbVie (ABT), and Amgen (AMGN). The lack of shared holdings highlights their distinct geographical and market focus. Comparing these funds requires looking at their respective top holdings, but the fundamental difference is the market they target.

Which fund has greater transparency regarding holdings?

SCHD provides detailed top holdings data, showing that no single stock exceeds a 4.89% weight, which helps assess diversification. In contrast, LVHI's top holdings and sector weights are not available in the provided data. This lack of information for LVHI limits the ability to directly assess concentration risk or understand the specific composition of the portfolio. Investors may value the transparency SCHD offers, allowing for a more detailed analysis of its underlying assets.

Which fund has a longer operational history?

SCHD launched on 20 October 2011, giving it over a decade of operational history and established track record. LVHI launched later on 27 July 2016, meaning it has a shorter history as an ETF investor vehicle. When evaluating either fund, consider that inception date tells you the fund's operational start point but does not by itself predict future returns or risk. Longer histories may offer more data for comparison and help illustrate how the fund has behaved through various market conditions.

Which fund aligns with a goal for higher income versus lower cost?

LVHI's 4.61% dividend yield makes it more suitable for investors focused on higher income, given it targets foreign large value stocks. Conversely, SCHD's 0.06% expense ratio aligns with goals centered on cost-efficiency and long-term wealth accumulation through US large value exposure. Neither fund is inherently superior; the choice depends on whether income generation or minimizing fees is the priority. Investors should weigh the trade-offs between yield, cost, and market focus when considering these options.

How do index tracking methods affect comparison?

For both LVHI and SCHD, the specific index tracking methodology is not available in the provided data. This absence makes it difficult to evaluate how closely each fund follows its benchmark or assesses alignment with intended market segments. Without this information, investors cannot fully understand the strategies used to select securities or manage the portfolio. This limitation suggests relying on other metrics like expense ratios, yields, and holdings data when comparing the funds.

Why is geographic diversification important when choosing between these ETFs?

LVHI provides foreign large value exposure, contributing to geographic diversification by investing outside the US. SCHD, being US-centric, does not offer this diversification. Geographic diversity can reduce risk by spreading investments across different economies and regulatory environments. If a portfolio already holds US stocks, adding LVHI may balance the exposure. Conversely, relying solely on SCHD keeps investments concentrated in the domestic market.

How do the funds' categories influence their performance potential?

LVHI falls under 'Foreign Large Value', while SCHD is 'Large Value'. Value funds typically invest in companies trading below their intrinsic value, aiming for capital appreciation when market prices correct. Foreign large value funds face additional risks like currency fluctuations and geopolitical events. US large value funds are influenced by domestic economic cycles. Understanding these category differences helps explain why the funds may perform differently under various market conditions, despite sharing a 'value' theme.

What educational content is available for these specific ETFs?

Educational resources explain that LVHI offers a higher yield with lower transparency and a shorter track record, while SCHD provides greater transparency, a longer track record, and a very low expense ratio, but with lower yield and no geographic diversification. These points are derived from available financial data, including net assets, dividend yields, and inception dates. Readers are advised to use these facts as a baseline for further research rather than making decisions solely on this page.

LVHI vs SCHD

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

Compare LVHI and SCHD to see how they differ in fees, holdings, dividends and index tracking. LVHI focuses on foreign large value with a 4.61% yield and 0.40% expense ratio, while SCHD offers US large value exposure with a 3.11% yield and 0.06% expense ratio. This page explains each fund's market approach using available data. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

LVHI

Metric

SCHD

0.40%

Expense Ratio

0.06%

4.61%

Dividend Yield

3.11%

$5.95B

Net Assets

$112.77B

219

Holdings

102

Jul 27, 2016

Inception Date

Oct 20, 2011

–

Index Tracked

–

Foreign Large Value

Fund Category

Large Value

SCHD costs about $34.00 less per year for every $10,000 invested.

Shared Top Holdings

These funds do not share any of their top holdings.

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Investment Analysis

LVHI

Pros

LVHI offers a dividend yield of 4.61%, which is notably higher than many broad equity income funds.
The fund holds $6.0 billion in assets, providing substantial liquidity for larger transactions.
Launched in July 2016, it has established a track record focused on foreign large value markets.

Considerations

The expense ratio of 0.40% is higher than typical for comparable equity income ETFs.
Top holdings and sector weights are not available, limiting transparency on concentration risk.
The fund's specific index methodology is not available, making it difficult to assess benchmark alignment.

SCHD

Pros

With a 0.06% expense ratio, SCHD is exceptionally cost-efficient for investors.
Top holdings are disclosed, showing no single stock exceeds a 4.89% weight, aiding diversification.
The $112.8 billion in net assets ensures high liquidity and deep secondary market trading.

Considerations

The 3.11% dividend yield is lower than the higher-yielding international counterpart LVHI.
Being a US-centric fund, it lacks geographic diversification outside domestic equity markets.
Like the compared fund, its index tracking methodology is not specified in available data.

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About LVHI and SCHD

LVHI (LVHI)

The Legg Mason LVHI ETF (LVHI) is an exchange-traded fund focused on large-cap value stocks in developed international markets. This fund aims to provide investors with exposure to established overseas companies that may be trading at attractive valuations. With a dividend yield of approximately 4.61%, it can be a useful component for those looking to combine potential income generation with global diversification. The fund holds around 219 companies and has been available to investors since July 2016. It carries an expense ratio of 0.40%, which is typical for international equity ETFs. Like all investment funds, the value of shares can fluctuate due to market conditions, currency movements, and changes in the underlying companies' performance.

SCHD (SCHD)

SCHD (Schwab US Dividend Equity ETF) is an exchange‑traded fund that aims to provide exposure to high-quality U.S. companies that have a history of paying dividends. Managed by Charles Schwab, the ETF screens for firms with stable earnings, reasonable payout ratios and consistent dividend records, concentrating on large‑cap names across a range of sectors. Investors often use SCHD for income and as a core holding to capture dividend yield with the diversification and liquidity of an ETF. It is designed to be a low‑cost, transparent vehicle, though dividends and share prices can fall and past performance is not a guarantee of future results. Suitable for investors seeking income and long‑term total return, it may not fit those focused solely on capital growth or who require guarantees. As with any investment, consider costs, tax treatment and how it fits your wider portfolio before investing.

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LVHI vs SCHD

Fund Snapshot