Schwab Fundamental U.S. Small Co. Index ETF
ALTAR
Score™
7.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
91.1x P/Sales
ratio
0.7x
P/BV
ratio
1.2x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Schwab Fundamental U.S. Small Company Index ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Small Company Index.

FUND BASICS
Category US Equities
Fund Sponsor Charles Schwab Investment Mana
Website www.schwabetfs.com
Inception date Aug 15, 2013
Assets (mns) $2,653
Currency USD
Expense ratio 25 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust Co
Weighting Fundamental
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 940
Wgt avg mkt cap (mns) $4,896
Large cap (>$10bn) 10.2%
Mid cap ($2-10bn) 47.6%
Small cap (<$2bn) 42.2%
Developed mkts 99.6%
Emerging mkts 0.4%

TOP TEN HOLDINGS
RANGE RESOURCES CORP 0.4 %
TESLA MOTORS INC 0.4 %
CREE INC 0.3 %
EQT CORP 0.3 %
CORELOGIC INC 0.3 %
VISTA OUTDOOR INC 0.3 %
FIRST SOLAR INC 0.3 %
HERBALIFE LTD 0.3 %
FACTSET RESEARCH SYSTEMS INC 0.3 %
COVETRUS, INC. 0.3 %
Total 3.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.9 %
BRITAIN 1.3 %
BERMUDA 0.9 %
PUERTO RICO 0.4 %
NETHERLANDS 0.4 %
CAYMAN ISLANDS 0.4 %
IRELAND 0.3 %
CANADA 0.3 %
BRAZIL 0.2 %
ARGENTINA 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-20.6% -14.5% 2.3% -- 5.7%

Market Correlations
versus... Beta R-squared
S&P500 1.33 88%
MSCI EAFE 1.36 81%
MSCI Emg. Mkts. 0.97 65%

Technical Indicators
Recent close $30.58
30d moving avg. $32.14
Annualized volatility 24.0%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.0%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 1,383
Turnover 1.6%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $66,171

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Schwab Fundamental U.S. Small Co. Index ETF ETF based on the alternatives' overlap in portfolio holdings with FNDA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FNDA Expense: 25 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FNDA
Ticker Fund
Name
Overlap1
vs FNDA
(%)
Expense
ratio
(bp)
Savings
vs FNDA
(bp)
ALTAR
Score™
(%)
ALTAR
vs FNDA
(%)
IUSS Invesco Strategic US Small Company ETF 58.6 23 2 5.7 -1.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 50.0 39 -14 4.3 -2.7
PBSM Invesco PureBeta MSCI USA Small Cap ETF 43.4 6 19 5.5 -1.5
SCHA Schwab U.S. Small-Cap ETF 42.7 4 21 4.8 -2.2
VB Vanguard Small-Cap ETF 42.6 5 20 5.5 -1.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 40.7 17 8 5.3 -1.7
BKSE BNY Mellon US Small Cap Core Equity ETF 40.1 4 21 5.9 -1.1
VBR Vanguard Small Cap Value Index Fund 39.9 7 18 8.8 +1.8
IWM iShares Russell 2000 ETF 38.5 19 6 3.7 -3.3
IWN iShares Russell 2000 Value ETF 38.0 24 1 7.7 +0.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 37.9 20 5 6.2 -0.8
VTWO Vanguard Russell 2000 Index Fund 37.7 10 15 3.8 -3.2
VXF Vanguard Extended Market Index Fund 36.5 7 18 3.8 -3.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 35.9 29 -4 5.8 -1.2
VTWV Vanguard Russell 2000 Value Index Fund 34.7 15 10 7.9 +0.8
EWMC Invesco S&P MidCap 400 Equal Weight ETF 34.0 40 -15 7.5 +0.5
FSMD Fidelity Small-Mid Factor ETF 33.6 29 -4 7.2 +0.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 33.4 7 18 5.6 -1.4
EZM WisdomTree U.S. MidCap Earnings Fund 33.1 38 -13 9.6 +2.6
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 31.5 40 -15 7.1 +0.1
IVOO Vanguard S&P Mid-Cap 400 ETF 31.2 10 15 6.7 -0.4
IJH iShares Core S&P Mid-Cap ETF 30.9 6 19 6.8 -0.2
MDY SPDR S&P Midcap 400 ETF Trust 30.9 23 2 6.6 -0.4
SPMD SPDR Portfolio Mid Cap ETF 30.9 5 20 6.8 -0.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 30.4 39 -14 8.1 +1.1
SSLY Syntax Stratified SmallCap ETF 29.5 30 -5 6.4 -0.6
SPSM SPDR Portfolio Small Cap ETF 28.8 5 20 7.4 +0.4
IJR iShares Core S&P Small Cap ETF 28.8 7 18 7.4 +0.4
SLY SPDR S&P 600 Small Cap ETF 28.8 15 10 7.3 +0.3
SMDY Syntax Stratified MidCap ETF 28.4 30 -5 6.5 -0.5
VIOO Vanguard S&P Small-Cap 600 ETF 27.9 10 15 7.5 +0.5
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 27.1 24 1 7.4 +0.4
JHSC John Hancock Multifactor Small Cap ETF 25.9 42 -17 6.1 -0.9
EES WisdomTree SmallCap Earnings Fund 25.7 38 -13 12.3 +5.3
RWK Invesco S&P MidCap 400 Revenue ETF 25.7 39 -14 8.4 +1.4
SLYV SPDR S&P 600 Small Cap Value ETF 25.7 15 10 9.8 +2.8
IJS iShares S&P Small-cap 600 Value ETF 25.7 25 0 9.7 +2.7
VFLQ Vanguard U.S. Liquidity Factor ETF 25.6 14 11 4.9 -2.1
SCHM Schwab U.S. Mid-Cap ETF 25.3 4 21 6.4 -0.6
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 25.1 29 -4 10.3 +3.3
FYX First Trust Small Cap Core AlphaDEX Fund 24.8 63 -38 6.9 -0.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 24.8 15 10 10.1 +3.1
SFYX Sofi Next 500 ETF 24.6 0 25 6.0 -1.0
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 24.6 35 -10 8.7 +1.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 24.6 15 10 9.0 +2.0
IJJ iShares S&P Mid-Cap 400 Value ETF 24.2 25 0 9.0 +2.0
MDYV SPDR S&P 400 Mid Cap Value ETF 24.2 15 10 9.1 +2.1
VBK Vanguard Small-Cap Growth Index Fund 24.2 7 18 2.4 -4.6
VFQY Vanguard U.S. Quality Factor ETF 23.8 13 12 6.2 -0.8
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 23.7 20 5 9.9 +2.9
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 23.6 35 -10 8.6 +1.6
RNMC Mid Cap US Equity Select ETF 23.6 60 -35 8.1 +1.1
NUSC Nuveen ESG Small-Cap ETF 23.6 40 -15 5.5 -1.5
TPSC Timothy Plan US Small Cap Core ETF 23.5 52 -27 8.7 +1.7
FNX First Trust Mid Cap Core AlphaDEX Fund 23.2 61 -36 6.6 -0.4
CSML IQ Chaikin U.S. Small Cap ETF 23.2 35 -10 4.4 -2.7
RNSC Small Cap US Equity Select ETF 22.7 60 -35 8.1 +1.1
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 22.7 30 -5 8.0 +1.0
DES WisdomTree U.S. SmallCap Dividend Fund 22.5 38 -13 9.2 +2.2
ISMD Inspire Small/Mid Cap Impact ETF 22.4 60 -35 6.8 -0.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 22.2 66 -41 2.5 -4.5
VFVA Vanguard U.S. Value Factor ETF 22.0 14 11 12.1 +5.1
PSC Principal U.S. Small Cap Index ETF 21.6 38 -13 7.4 +0.4
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 21.5 35 -10 6.6 -0.4
TUSA First Trust Total US Market AlphaDEX ETF 21.5 70 -45 6.1 -0.9
JHMM John Hancock Multifactor Mid Cap ETF 21.4 42 -17 5.9 -1.1
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 21.1 29 -4 6.9 -0.1
JKJ iShares Morningstar Small-Cap ETF 21.0 25 0 7.0 -0.0
VTWG Vanguard Russell 2000 Growth Index Fund 20.8 15 10 0.8 -6.2
AFSM First Trust Active Factor Small Cap ETF 20.4 75 -50 5.8 -1.2
AVUV Avantis U.S. Small Cap Value ETF 20.4 25 0 9.8 +2.8
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 20.2 15 10 5.0 -2.0
IJK iShares S&P Mid-Cap 400 Growth ETF 20.2 24 1 4.9 -2.1
MDYG SPDR S&P 400 Mid Cap Growth ETF 20.2 15 10 5.0 -2.0
VFMF Vanguard U.S. Multifactor ETF 20.1 19 6 7.4 +0.3
FAB First Trust Multi Cap Value AlphaDEX Fund 20.0 71 -46 10.1 +3.1
EQAL Invesco Russell 1000 Equal Weight ETF 19.8 20 5 5.8 -1.2
SMMD iShares Russell 2500 ETF 19.6 15 10 5.6 -1.4
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 19.6 29 -4 1.8 -5.2
DON WisdomTree U.S. MidCap Dividend Fund 19.3 38 -13 8.0 +1.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 19.2 12 13 8.3 +1.3
FYT First Trust Small Cap Value AlphaDEX Fund 19.1 72 -47 10.0 +3.0
AFMC First Trust Active Factor Mid Cap ETF 18.8 65 -40 6.5 -0.5
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 18.2 20 5 4.8 -2.2
IWR iShares Russell Midcap ETF 18.2 19 6 5.7 -1.3
IWO iShares Russell 2000 Growth ETF 17.9 24 1 0.8 -6.2
BFOR Barron's 400 ETF 16.6 65 -40 6.5 -0.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 16.1 25 0 6.7 -0.3
IWS iShares Russell Mid-Cap Value ETF 16.0 24 1 7.5 +0.5
ONEO SPDR Russell 1000 Momentum Focus ETF 15.9 20 5 6.6 -0.4
ROGS Hartford Multifactor Global Small Cap ETF 15.9 34 -9 8.3 +1.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 15.7 4 21 5.8 -1.2
SLYG SPDR S&P 600 Small Cap Growth ETF 15.3 15 10 5.4 -1.6
IJT iShares S&P Small-Cap 600 Growth ETF 15.3 25 0 5.3 -1.7
VIOG Vanguard S&P Small-Cap 600 Growth ETF 15.2 16 9 5.4 -1.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 15.0 70 -45 2.1 -4.9
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 14.8 17 8 6.5 -0.5
JKL iShares Morningstar Small Cap Value ETF 14.6 30 -5 11.0 +4.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 14.3 24 1 6.4 -0.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 14.3 20 5 7.2 +0.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Schwab Fundamental U.S. Small Co. Index ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.5 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.