What are the expense ratios of SCHV and VOO, and how do they compare?

SCHV and VOO both exhibit exceptionally low expense ratios, with VOO at 0.03% and SCHV at 0.04%. This creates a 0.01 percentage point difference in annual fees. While the variance appears negligible in absolute terms, understanding this metric is crucial for investors to gauge the ongoing operational costs associated with managing these funds.

What does the expense ratio represent for these funds?

The expense ratio reflects the annual cost of operating a fund, deducted directly from its assets to cover management and administrative fees. By paying less in expense ratios, more of an investment’s returns remain available to the investor over time, potentially impacting the total accumulation of wealth.

What is the difference between a value and blend index focus?

SCHV is designed to provide exposure specifically to the value segment of the equity market, which typically consists of large-cap companies that analysts deem undervalued. Conversely, VOO delivers a broader, market-weighted blend, including both growth and value stocks within the S&P 500.

Which companies are held by SCHV and VOO?

While the full holdings of these funds vary, there is only one shared name in their top-10 lists: Micron Technology (MU). This minimal overlap illustrates that despite both funds targeting the large-cap US market, the underlying companies differ significantly due to distinct index focuses.

What are SCHV's top holdings?

The top ten holdings for SCHV are MU (3.52%), JPM (2.99%), BRK.B (2.98%), XOM (2.16%), JNJ (2.08%), INTC (1.72%), WMT (1.50%), ABBV (1.49%), CSCO (1.39%), and CVX (1.26%). This portfolio reflects its large-cap value focus and its concentration in specific stocks rather than broad market indices.

What are VOO's top holdings?

VOO's top ten holdings consist of NVDA (8.08%), AAPL (7.03%), MSFT (5.70%), AMZN (3.84%), GOOGL (3.01%), AVGO (2.65%), GOOG (2.40%), META (1.90%), MU (1.63%), and TSLA (1.57%). These stocks heavily influence the fund's performance, showing its market-cap weighted concentration in major technology firms.

How do the dividend yields of SCHV and VOO compare?

SCHV offers a higher dividend yield of 1.79% compared to VOO's 1.03%. This difference often reflects the composition of the underlying funds, with value-oriented ETFs like SCHV typically including companies that generate more consistent cash flows, allowing for greater distributions.

What is the current net asset size of these ETFs?

The net assets of these funds are substantial. SCHV has $16.9 billion in net assets, ensuring reasonable liquidity. VOO, being a much larger fund, has $1.08 trillion in net assets, reflecting high institutional and retail investor confidence and significant trading volume capacity.

How large is the total assets in SCHV compared to VOO?

With VOO having $1.08 trillion, the difference is approximately $1.06 trillion, or roughly 97 times larger. This highlights VOO's massive scale, which is characteristic of funds tracking major market benchmarks.

How does size affect ETF trading costs?

Larger funds like VOO ($1.08 trillion) often benefit from tighter bid-ask spreads, reducing implicit trading costs during the day. Funds like SCHV ($16.9 billion) still maintain high liquidity, but traders should consider the trade-off between liquidity and the 0.01% higher fee.

What are the inception dates for SCHV and VOO?

Schwab launched SCHV on 11 December 2009. Vanguard subsequently launched VOO on 7 September 2010, approximately nine months later. Both funds have been in existence for over a decade, providing a long-term performance history.

Is there a recommended investment approach for these funds?

This content is strictly educational and does not constitute financial advice. Investors should consider their personal financial goals, risk tolerance, and overall portfolio strategy before investing in ETFs such as SCHV and VOO. Always conduct thorough research or consult a financial professional.

SCHV vs VOO

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

Compare SCHV and VOO on fees, holdings and dividends. SCHV (Schwab US Large-Cap Value ETF) targets large value stocks, while VOO (S&P 500 Vanguard ETF) tracks the S&P 500 with large blend exposure. Expense ratios: SCHV 0.04%, VOO 0.03%. Index focus: SCHV not available; VOO tracks the S&P 500. Educational content, not financial advice.

Compare SCHV and VOO on fees, holdings and dividends. SCHV (Schwab US Large-Cap Value ETF) targets large value stocks, while VOO (S&P 500 Vanguard ETF) tracks the S&P 500 with large blend exposure. Ex...

Fund Snapshot

Key Fund Metrics

SCHV

Metric

VOO

0.04%

Expense Ratio

0.03%

1.79%

Dividend Yield

1.03%

$16.91B

Net Assets

$1.08T

559

Holdings

516

Dec 11, 2009

Inception Date

Sep 7, 2010

–

Index Tracked

–

Large Value

Fund Category

Large Blend

VOO costs about $1.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	SCHV	VOO
MUMicron Technology, Inc.	3.52%	1.63%

Discover More Comparisons

SCHV vs SPYV

Compare SCHV vs SPYV on fees, holdings, and yields. Both charge 0.04%. See differences in assets and dividend income for large-cap value investing.

SCHV vs VTV

Compare SCHV vs VTV on fees, holdings and dividends. See how Schwab US Large-Cap Value ETF and Vanguard Value ETF track value strategies side by side.

SCHG vs VOO

Compare SCHG and VOO: 0.04% vs 0.03% expense ratio, large-cap growth vs the S&P 500, 196 vs 516 holdings, and a 0.37% vs 1.04% dividend yield.

Investment Analysis

SCHV

Pros

SCHV tracks a large-cap value index with a low expense ratio of 0.04% per the provided data.
Net assets stand at $16.9 billion, supporting reasonable liquidity for the fund structure.
Dividend yield of 1.79% offers above-average income compared to broader market ETFs.

Considerations

Index tracked is listed as not available in the provided data, limiting transparency on methodology.
Top holdings include 3.52% in MU and 2.99% in JPM, indicating notable single-stock exposures.
Sector weights are not available, preventing assessment of concentration risk across industries.

VOO

Pros

VOO has an expense ratio of 0.03%, representing one of the lowest costs for US large-cap exposure.
Net assets of $1.08 trillion provide extensive liquidity and high trading volume potential.
Tracks the S&P 500, offering broad large-cap blend exposure across major US industries.

Considerations

Top holdings concentrate 8.08% in NVDA and 7.03% in AAPL, creating significant single-stock dependency.
Dividend yield of 1.03% is lower than value-focused funds like SCHV in the provided data.
Index tracked is listed as not available in the provided data, despite standard market understanding.

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About SCHV and VOO

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.

VOO (VOO)

VOO is Vanguard’s exchange-traded fund designed to track the S&P 500 Index, offering broad exposure to about 500 of the largest publicly traded US companies. It aims to replicate the index’s performance minus fees by holding the same stocks in similar proportions, making it a straightforward, passive way to access large‑cap US equities. Investors commonly use VOO as a core holding for long‑term growth or as a simple building block in a diversified portfolio. It typically offers high liquidity and regular dividend distributions from underlying companies. As with any equity investment, VOO’s value can rise or fall with the market, and past performance is not a guide to future returns. Fees, trading costs and potential tracking error reduce returns slightly. This information is general and educational only and not personalised financial advice — consider your own circumstances or speak to a qualified adviser before investing.

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Which Baskets Do They Appear In?

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Following Charles Schwab's massive $20 billion stock buyback and dividend increase, this theme focuses on other financially robust companies that are similarly rewarding their investors. The strategy is to invest in firms with strong cash flows and a commitment to returning capital to shareholders.

Published: 25 July 2025

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SCHV vs VOO

Fund Snapshot