Schwab Fundamental U.S. Broad Market Index ETF
ALTAR
Score™
7.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
25.8x P/Sales
ratio
1.0x
P/BV
ratio
1.9x Div.
yield
2.6%


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

FUND BASICS
Category US Equities
Fund Sponsor Charles Schwab Investment Mana
Website www.schwabetfs.com
Inception date Aug 15, 2013
Assets (mns) $227
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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1643
Wgt avg mkt cap (mns) $264,320
Large cap (>$10bn) 82.4%
Mid cap ($2-10bn) 12.4%
Small cap (<$2bn) 5.2%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
APPLE INC 5.4 %
MICROSOFT CORP 2.0 %
EXXON MOBIL CORP 1.6 %
AT&T INC 1.4 %
VERIZON COMMUNICATIONS INC 1.4 %
WAL-MART STORES INC 1.3 %
BERKSHIRE HATHAWAY INC-CL B 1.3 %
JPMORGAN CHASE & CO 1.2 %
JOHNSON & JOHNSON 1.2 %
CHEVRON CORP 1.1 %
Total 18.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.8 %
IRELAND 1.6 %
BRITAIN 1.2 %
SWITZERLAND 0.4 %
BERMUDA 0.3 %
NETHERLANDS 0.1 %
SINGAPORE 0.1 %
CHINA 0.1 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.6% 0.2% 9.5% -- 9.2%

Market Correlations
versus... Beta R-squared
S&P500 1.08 96%
MSCI EAFE 1.14 88%
MSCI Emg. Mkts. 0.81 71%

Technical Indicators
Recent close $38.13
30d moving avg. $38.93
Annualized volatility 19.5%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.9%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 15
Turnover 0.3%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $25,458

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FNDB Expense: 25 bp ALTAR Score™: 7.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FNDB
Ticker Fund
Name
Overlap1
vs FNDB
(%)
Expense
ratio
(bp)
Savings
vs FNDB
(bp)
ALTAR
Score™
(%)
ALTAR
vs FNDB
(%)
FNDX Schwab Fundamental U.S. Large Co. Index ETF 92.8 25 0 7.1 -0.0
PRF Invesco FTSE RAFI US 1000 ETF 87.5 39 -14 7.2 -0.0
VLU SPDR S&P 1500 Value Tilt ETF 77.0 12 13 7.6 +0.4
IUS Invesco Strategic US ETF 74.3 19 6 6.8 -0.3
EPS WisdomTree U.S. Earnings 500 Fund 70.0 8 17 6.9 -0.3
SPTM SPDR Portfolio Total Stock Market ETF 68.4 3 22 5.9 -1.3
RWL Invesco S&P 500 Revenue ETF 67.8 39 -14 7.5 +0.3
VTHR Vanguard Russell 3000 Index Fund 67.8 10 15 5.4 -1.8
SCHB Schwab U.S. Broad Market ETF 67.3 3 22 5.5 -1.7
IWV iShares Russell 3000 ETF 67.2 20 5 5.3 -1.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 67.1 3 22 5.4 -1.8
IYY iShares Dow Jones U.S. ETF 66.6 20 5 5.4 -1.8
SCHK Schwab 1000 Index ETF 66.6 5 20 5.6 -1.6
IWB iShares Russell 1000 ETF 66.2 15 10 5.5 -1.7
PBP Invesco S&P 500 BuyWrite ETF 66.1 49 -24 5.3 -1.9
VONE Vanguard Russell 1000 ETF 65.6 8 17 5.5 -1.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 65.6 25 0 6.6 -0.5
HSPX Global X S&P 500 Covered Call ETF 65.5 60 -35 5.3 -1.9
SCHX Schwab U.S. Large-Cap ETF 65.5 3 22 5.5 -1.6
DTD WisdomTree U.S.Total Dividend Fund 65.4 28 -3 7.0 -0.2
IVV iShares Core S&P 500 ETF 65.4 3 22 5.8 -1.4
DIVB iShares U.S. Dividend & Buyback ETF 65.4 25 0 7.1 -0.1
VTI Vanguard Total Stock Market Index Fund 65.3 3 22 5.4 -1.8
SPLG SPDR Portfolio Large Cap ETF 65.3 3 22 5.8 -1.4
SPY SPDR S&P 500 ETF Trust 65.3 9 16 5.7 -1.4
XYLG Global X S&P 500 Covered Call & Growth ETF 65.3 60 -35 5.3 -1.8
AVUS Avantis U.S. Equity ETF 65.2 15 10 6.0 -1.2
IUSV iShares Core S&P U.S. Value ETF 65.0 4 21 7.5 +0.4
VOO VANGUARD S&P 500 ETF 64.8 3 22 5.8 -1.3
JHML John Hancock Multifactor Large Cap ETF 64.6 29 -4 5.7 -1.4
PBUS Invesco PureBeta MSCI USA ETF 64.5 4 21 5.6 -1.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 64.5 2 23 5.6 -1.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 64.3 20 5 5.7 -1.5
IWD iShares Russell 1000 Value ETF 63.8 19 6 7.0 -0.2
VV Vanguard Large-Cap Index Fund 63.6 4 21 5.6 -1.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 63.5 7 18 5.6 -1.6
VONV Vanguard Russell 1000 Value Index Fund 63.4 8 17 7.1 -0.1
SPXE ProShares S&P 500 Ex-Energy ETF 63.3 27 -2 5.7 -1.5
VOOV Vanguard S&P 500 Value ETF 62.0 10 15 7.4 +0.2
IVE iShares S&P 500 Value ETF 61.8 18 7 7.3 +0.1
SPYV SPDR Portfolio S&P 500 Value ETF 61.7 4 21 7.4 +0.3
SCHV Schwab U.S. Large-Cap Value ETF 61.0 4 21 6.9 -0.3
DLN WisdomTree U.S. LargeCap Dividend Fund 60.9 28 -3 6.8 -0.4
ESGV Vanguard ESG U.S. Stock ETF 60.8 12 13 5.5 -1.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 60.4 29 -4 6.2 -1.0
QUS SPDR MSCI USA StrategicFactors ETF 59.5 15 10 6.0 -1.1
SPXV ProShares S&P 500 Ex-Health Care ETF 59.5 27 -2 5.5 -1.7
MGC Vanguard Mega Cap Index Fund 58.5 7 18 5.6 -1.6
SPXN ProShares S&P 500 Ex-Financials ETF 58.4 27 -2 5.4 -1.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 57.8 20 5 5.3 -1.8
SFY SoFi Select 500 ETF 57.3 0 25 5.4 -1.8
SPXT ProShares S&P 500 Ex-Technology ETF 57.0 27 -2 5.5 -1.6
CATH Global X S&P 500 Catholic Values Custom ETF 56.9 29 -4 5.5 -1.6
ESGU iShares MSCI USA ESG Optimized ETF 56.7 15 10 5.5 -1.7
VTV Vanguard Value Index Fund 56.3 4 21 7.4 +0.3
IWL iShares Russell Top 200 ETF 55.7 15 10 5.4 -1.8
BKLC BNY Mellon US Large Cap Core Equity ETF 55.3 0 25 5.6 -1.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 54.9 9 16 5.9 -1.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 54.6 30 -5 6.8 -0.4
EFIV SPDR S&P 500 ESG ETF 53.2 10 15 5.6 -1.6
SNPE Xtrackers S&P 500 ESG ETF 53.1 10 15 5.6 -1.5
KOKU Xtrackers MSCI Kokusai Equity ETF 52.7 9 16 6.0 -1.2
TOK iShares MSCI Kokusai ETF 52.7 25 0 5.8 -1.4
DGRO iShares Core Dividend Growth ETF 52.3 8 17 6.9 -0.3
ESG FlexShares STOXX US ESG Impact Index Fund 50.9 32 -7 5.4 -1.8
RAFE PIMCO RAFI ESG U.S. ETF 50.1 29 -4 7.7 +0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 50.1 12 13 5.6 -1.6
IQSU IQ Candriam ESG US Equity ETF 49.5 9 16 5.7 -1.5
URTH iShares MSCI World ETF 49.4 24 1 5.9 -1.3
OEF iShares S&P 100 ETF 49.3 20 5 5.4 -1.8
USDY Pacific Global US Equity Income ETF 48.5 29 -4 7.2 +0.0
MGV Vanguard Mega Cap Value ETF 48.0 7 18 7.3 +0.1
IWX iShares Russell Top 200 Value ETF 47.3 20 5 6.8 -0.3
RSP Invesco S&P 500 Equal Weight ETF 47.0 20 5 6.7 -0.5
EQWL Invesco Russell Top 200 Equal Weight ETF 46.6 25 0 6.3 -0.8
RNLC Large Cap US Equity Select ETF 46.1 60 -35 6.2 -1.0
VYM Vanguard High Dividend Yield Index ETF 46.1 6 19 7.5 +0.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 46.1 19 6 6.5 -0.7
ROUS Hartford Multifactor US Equity ETF 45.7 19 6 6.5 -0.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 45.6 15 10 6.7 -0.5
ACWI iShares MSCI ACWI ETF 45.1 32 -7 6.0 -1.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 45.0 9 16 6.0 -1.2
RECS Columbia Research Enhanced Core ETF 44.9 15 10 6.1 -1.0
JVAL JPMorgan U.S. Value Factor ETF 44.8 12 13 8.6 +1.5
EUSA iShares MSCI USA Equal Weighted ETF 44.8 15 10 6.2 -0.9
VT Vanguard Total World Stock Index Fund 44.5 8 17 6.3 -0.8
LOWC SPDR MSCI ACWI Low Carbon Target ETF 44.1 20 5 6.3 -0.9
AFLG First Trust Active Factor Large Cap ETF 43.8 55 -30 5.9 -1.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 43.8 20 5 6.3 -0.9
NACP Impact Shares NAACP Minority Empowerment ETF 43.5 75 -50 5.2 -1.9
IUSG iShares Core S&P US Growth ETF 43.5 4 21 5.2 -2.0
SIZE iShares Edge MSCI USA Size Factor ETF 43.4 15 10 6.2 -1.0
QWLD SPDR MSCI World StrategicFactors ETF 42.8 30 -5 6.2 -0.9
XOUT GraniteShares XOUT U.S. Large Cap ETF 42.8 60 -35 4.8 -2.3
SCIU Global X Scientific Beta US ETF 42.8 19 6 5.8 -1.3
VOOG Vanguard S&P 500 Growth ETF 41.9 10 15 5.2 -2.0
IVW iShares S&P 500 Growth ETF 41.5 18 7 5.1 -2.1
SPYG SPDR Portfolio S&P 500 Growth ETF 41.5 4 21 5.2 -1.9
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 41.0 35 -10 5.8 -1.4
EXT WisdomTree U.S. Total Earnings Fund 40.9 28 -3 5.9 -1.3

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. Broad Market 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 13.0 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.51
 
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.