SCHV’s worst drop since 2009 was 37%
Schwab US Large-Cap Value ETF (SCHV) fell 37% from Jan 2020 to Mar 2020. It took 0.9 years from that peak to close at a new high, in Dec 2020. Over the same years the S&P 500 fell as much as 34%.
That drop is milder than most. It ranks 134th of the 203 ETFs PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2009 to now
How SCHV held up in each crash
| Crash | Years | SCHV | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −37.1% | −33.7% |
| 2022 rate shock | 2022 | −19.8% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was SCHV’s maximum drawdown?
SCHV’s deepest fall since 2009 was 37.1%, from its high on January 17, 2020 to its low on March 23, 2020. The figure uses daily prices with dividends reinvested.
How long did SCHV take to recover?
0.9 years. SCHV first closed above its Jan 2020 high again on December 4, 2020.
Was SCHV riskier than the S&P 500?
Over the same years, SCHV’s worst drop was 37.1% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −27.4% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, December 16, 2009 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.