SCHV vs SPYV: returns, risk and drawdowns compared
Schwab U.S. Large-Cap Value ETF against SPDR Portfolio S&P 500 Value ETF, over the same 6 years (July 2020 to October 2026) with dividends reinvested.
Data updated October 2026
From July 2020 to October 2026, SCHV returned 13.2% a year and SPYV 15.4% a year on average, so SPYV came out ahead by 2.2% a year. SCHV was the more volatile of the two (14.8% against 14.4% a year), and the deepest falls from a month-end high were 19.6% for SCHV and 16.5% for SPYV.
The correlation of monthly returns was 0.96: they moved almost in lockstep. Over 41 rolling 3-year periods, SCHV did better in 15% and SPYV in 85%.
Side by side
| SCHV | SPYV | |
|---|---|---|
| Annual return (CAGR) | +13.2% | +15.4% |
| Total return | +120% | +148% |
| Annual volatility | 14.8% | 14.4% |
| Maximum drawdown (month-end) | −19.6% | −16.5% |
| Worst month | −9.1% | −8.4% |
| Best month | +13.2% | +12.8% |
| Positive months | 62% | 66% |
| Best year | 2021: +23.8% | 2021: +24.9% |
| Worst year | 2022: −9.1% | 2022: −5.3% |
| 1-year return | +19.7% | +16.1% |
| 5 years, a year | +9.1% | +11.4% |
| 10 years, a year | +9.8% | — |
| Trading currency | USD | USD |
First nine rows: the same 76 months for both funds. Trailing returns: to each fund’s last close.
Growth of 10,000: SCHV vs SPYV
Returns by calendar year
| Year | SCHV | SPYV |
|---|---|---|
| 2025 | +16.0% | +13.2% |
| 2024 | +12.9% | +12.2% |
| 2023 | +7.1% | +22.2% |
| 2022 | −9.1% | −5.3% |
| 2021 | +23.8% | +24.9% |
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
The comparison uses only the months in which both funds have prices, so the figures cover the same period even when one fund is older.
Questions
Which has returned more, SCHV or SPYV?
From July 2020 to October 2026, SCHV returned +13.2% a year and SPYV +15.4% a year, with dividends reinvested. Over rolling 3-year periods SCHV did better in 15% of cases. Past returns do not predict future returns.
Which is riskier, SCHV or SPYV?
Over the same months annual volatility was 14.8% for SCHV and 14.4% for SPYV; the deepest fall from a month-end high was 19.6% and 16.5%, and the worst single month −9.1% and −8.4%.
How correlated are SCHV and SPYV?
The correlation of their monthly returns was 0.96: they moved almost in lockstep. Holding both adds little diversification compared with holding one.
More comparisons
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.