Schwab Fundamental U.S. Broad Market Index ETF
ALTAR
Score™
8.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
13.1x P/Sales
ratio
0.7x
P/BV
ratio
1.5x Div.
yield
3.4%


  • 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) $210
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 1654
Wgt avg mkt cap (mns) $188,616
Large cap (>$10bn) 82.7%
Mid cap ($2-10bn) 12.2%
Small cap (<$2bn) 5.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 5.2 %
MICROSOFT CORP 2.3 %
EXXON MOBIL CORP 1.8 %
AT&T INC 1.7 %
VERIZON COMMUNICATIONS INC 1.6 %
WAL-MART STORES INC 1.6 %
INTEL CORP 1.4 %
JOHNSON & JOHNSON 1.4 %
BERKSHIRE HATHAWAY INC-CL B 1.4 %
JPMORGAN CHASE & CO 1.3 %
Total 19.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.6 %
IRELAND 1.7 %
BRITAIN 1.1 %
SWITZERLAND 0.3 %
BERMUDA 0.3 %
NETHERLANDS 0.1 %
SINGAPORE 0.1 %
CHINA 0.1 %
ISRAEL 0.1 %
CAYMAN ISLANDS 0.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-26.6% -16.3% 2.7% -- 6.1%

Market Correlations
versus... Beta R-squared
S&P500 1.13 96%
MSCI EAFE 1.07 84%
MSCI Emg. Mkts. 0.79 67%

Technical Indicators
Recent close $29.83
30d moving avg. $33.99
Annualized volatility 17.5%
Short interest (ETF) 0.3%
Short interest (Underlying) 2.9%
Relative strength (RSI) 34

Liquidity measures
Avg. volume (thou.) 75
Turnover 1.1%
Bid/Ask (% of price) 0.96%
ADV underlying (mns) $371,160

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™: 8.4%


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 92.6 25 0 8.3 -0.1
PRF Invesco FTSE RAFI US 1000 ETF 85.2 39 -14 9.2 +0.8
VLU SPDR S&P 1500 Value Tilt ETF 78.6 12 13 9.6 +1.2
IUS Invesco Strategic US ETF 73.6 19 6 7.9 -0.5
EPS WisdomTree U.S. Earnings 500 Fund 71.2 8 17 8.5 +0.1
SPTM SPDR Portfolio Total Stock Market ETF 70.8 3 22 7.3 -1.1
PBP Invesco S&P 500 BuyWrite ETF 70.4 49 -24 6.5 -1.9
VTHR Vanguard Russell 3000 Index Fund 70.4 10 15 6.9 -1.5
HSPX Global X S&P 500 Covered Call ETF 70.4 65 -40 6.2 -2.2
SCHB Schwab U.S. Broad Market ETF 70.1 3 22 7.0 -1.4
IYY iShares Dow Jones U.S. ETF 70.1 20 5 6.9 -1.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 70.0 3 22 7.0 -1.4
IWV iShares Russell 3000 ETF 69.9 20 5 6.9 -1.5
VONE Vanguard Russell 1000 ETF 69.8 8 17 7.0 -1.4
VTI Vanguard Total Stock Market Index Fund 69.6 3 22 7.0 -1.4
SCHK Schwab 1000 Index ETF 69.4 5 20 7.0 -1.4
IWB iShares Russell 1000 ETF 69.4 15 10 7.0 -1.4
SCHX Schwab U.S. Large-Cap ETF 68.6 3 22 7.0 -1.4
SPLG SPDR Portfolio Large Cap ETF 68.2 3 22 7.1 -1.3
SPY SPDR S&P 500 ETF Trust 68.2 9 16 7.1 -1.3
IVV iShares Core S&P 500 ETF 68.1 4 21 7.1 -1.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 68.0 25 0 8.6 +0.2
PBUS Invesco PureBeta MSCI USA ETF 67.9 4 21 7.2 -1.2
VOO VANGUARD S&P 500 ETF 67.9 3 22 7.1 -1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 67.8 2 23 7.1 -1.3
VV Vanguard Large-Cap Index Fund 67.6 4 21 7.0 -1.4
RWL Invesco S&P 500 Revenue ETF 67.3 39 -14 9.2 +0.8
DTD WisdomTree U.S.Total Dividend Fund 67.1 28 -3 8.5 +0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 66.8 20 5 7.1 -1.3
JHML John Hancock Multifactor Large Cap ETF 66.4 34 -9 7.5 -0.9
SPXE ProShares S&P 500 Ex-Energy ETF 66.3 27 -2 7.0 -1.4
IUSV iShares Core S&P U.S. Value ETF 65.9 4 21 9.4 +1.0
AVUS Avantis U.S. Equity ETF 65.7 15 10 8.0 -0.4
DIVB iShares U.S. Dividend & Buyback ETF 64.6 25 0 8.8 +0.4
SPYV SPDR Portfolio S&P 500 Value ETF 63.1 4 21 9.2 +0.8
IVE iShares S&P 500 Value ETF 63.1 18 7 9.1 +0.7
VOOV Vanguard S&P 500 Value ETF 62.9 15 10 9.2 +0.8
DLN WisdomTree U.S. LargeCap Dividend Fund 62.8 28 -3 8.0 -0.4
MGC Vanguard Mega Cap Index Fund 62.7 7 18 6.8 -1.6
ESGV Vanguard ESG U.S. Stock ETF 61.9 12 13 7.0 -1.4
SFY SoFi Select 500 ETF 61.9 0 25 6.7 -1.7
SPXV ProShares S&P 500 Ex-Health Care ETF 61.5 27 -2 6.8 -1.6
SPXN ProShares S&P 500 Ex-Financials ETF 61.4 27 -2 6.6 -1.8
VONV Vanguard Russell 1000 Value Index Fund 59.9 8 17 9.3 +0.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 59.9 20 5 6.6 -1.8
IWD iShares Russell 1000 Value ETF 59.7 19 6 9.1 +0.7
IWL iShares Russell Top 200 ETF 59.6 15 10 6.6 -1.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 59.5 29 -4 8.2 -0.2
SPXT ProShares S&P 500 Ex-Technology ETF 59.2 27 -2 7.3 -1.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 59.2 9 16 7.3 -1.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 58.9 12 13 6.7 -1.7
CATH Global X S&P 500 Catholic Values Custom ETF 58.8 29 -4 7.0 -1.4
QUS SPDR MSCI USA StrategicFactors ETF 58.1 15 10 7.3 -1.1
SNPE Xtrackers S&P 500 ESG ETF 57.9 11 14 6.8 -1.6
VTV Vanguard Value Index Fund 57.3 4 21 9.1 +0.7
SCHV Schwab U.S. Large-Cap Value ETF 55.9 4 21 9.0 +0.6
DGRO iShares Core Dividend Growth ETF 55.7 8 17 8.4 -0.0
TOK iShares MSCI Kokusai ETF 54.8 25 0 7.3 -1.1
ESGU iShares MSCI USA ESG Optimized ETF 54.5 15 10 6.7 -1.7
OEF iShares S&P 100 ETF 52.9 20 5 6.3 -2.1
ESG FlexShares STOXX US ESG Impact Index Fund 51.8 32 -7 6.8 -1.6
IQSU IQ Candriam ESG US Equity ETF 51.4 9 16 6.7 -1.7
URTH iShares MSCI World ETF 50.7 24 1 7.5 -0.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 50.1 30 -5 8.1 -0.3
MGV Vanguard Mega Cap Value ETF 50.1 7 18 8.8 +0.4
USDY Pacific Global US Equity Income ETF 49.7 29 -4 10.5 +2.1
RECS Columbia Research Enhanced Core ETF 48.8 15 10 7.5 -0.9
ROUS Hartford Multifactor US Equity ETF 48.5 19 6 9.2 +0.8
EQWL Invesco Russell Top 200 Equal Weight ETF 47.9 25 0 7.5 -0.9
AFLG First Trust Active Factor Large Cap ETF 47.8 55 -30 7.7 -0.7
RNLC Large Cap US Equity Select ETF 46.5 60 -35 8.2 -0.2
VT Vanguard Total World Stock Index Fund 46.4 8 17 8.1 -0.3
ACWI iShares MSCI ACWI ETF 46.4 32 -7 7.8 -0.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 46.4 19 6 7.6 -0.8
RSP Invesco S&P 500 Equal Weight ETF 46.3 20 5 8.8 +0.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 46.2 15 10 6.9 -1.5
VYM Vanguard High Dividend Yield Index ETF 46.2 6 19 8.9 +0.5
RAFE PIMCO RAFI ESG U.S. ETF 46.0 29 -4 10.3 +1.9
EXT WisdomTree U.S. Total Earnings Fund 45.6 28 -3 7.7 -0.7
IWX iShares Russell Top 200 Value ETF 45.5 20 5 8.7 +0.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 45.4 9 16 8.1 -0.3
NACP Impact Shares NAACP Minority Empowerment ETF 45.0 75 -50 6.2 -2.2
IUSG iShares Core S&P US Growth ETF 44.8 4 21 5.8 -2.6
FDRR Fidelity Dividend ETF for Rising Rates 44.6 29 -4 9.6 +1.2
EUSA iShares MSCI USA Equal Weighted ETF 44.6 15 10 8.4 +0.0
LOWC SPDR MSCI ACWI Low Carbon Target ETF 44.4 20 5 8.1 -0.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 44.1 20 5 8.1 -0.3
JVAL JPMorgan U.S. Value Factor ETF 43.8 12 13 11.9 +3.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 43.8 60 -35 6.0 -2.4
QWLD SPDR MSCI World StrategicFactors ETF 43.2 30 -5 7.5 -0.9
SIZE iShares Edge MSCI USA Size Factor ETF 43.0 15 10 8.3 -0.1
SPYG SPDR Portfolio S&P 500 Growth ETF 42.8 4 21 5.8 -2.6
VOOG Vanguard S&P 500 Growth ETF 42.8 10 15 5.7 -2.7
IVW iShares S&P 500 Growth ETF 42.8 18 7 5.6 -2.8
FVAL Fidelity Value Factor ETF 42.1 29 -4 11.0 +2.6
WOMN Impact Shares YWCA Women's Empowerment ETF 42.1 75 -50 6.2 -2.2
ESGG FlexShares STOXX Global ESG Impact Index Fund 41.4 42 -17 7.2 -1.2
XLG Invesco S&P 500 Top 50 ETF 40.8 20 5 5.9 -2.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 40.8 9 16 7.8 -0.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 40.7 19 6 8.3 -0.1

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:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.7 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 8.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.