Schwab U.S. Small-Cap
ALTAR
Score™
5.1% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
22.0x P/Sales
ratio
1.1x
P/BV
ratio
1.8x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Schwab U.S. Small-Cap ETF is an exchange-traded fund incorporated in the USA. The Fund's goal is to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index.

FUND BASICS
Category US Equities
Fund Sponsor Charles Schwab Investment Management Inc
Website www.schwab.com/etf
Inception date Nov 03, 2009
Assets (mns) $8,632
Currency USD
Expense ratio 4 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1731
Wgt avg mkt cap (mns) $2,908
Large cap (>$10bn) 0.5%
Mid cap ($2-10bn) 64.5%
Small cap (<$2bn) 35.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
LPL FINANCIAL HOLDINGS INC 0.3 %
FIRST AMERICAN FINANCIAL 0.3 %
AECOM TECHNOLOGY CORP 0.2 %
CHARLES RIVER LABORATORIES 0.2 %
ENTEGRIS INC 0.2 %
FIVE BELOW 0.2 %
PROSPERITY BANCSHARES INC 0.2 %
CHEMICAL FINANCIAL CORP 0.2 %
NEW RESIDENTIAL INVESTMENT 0.2 %
CASEY'S GENERAL STORES INC 0.2 %
Total 2.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
BERMUDA 0.9 %
BRITAIN 0.5 %
IRELAND 0.4 %
PUERTO RICO 0.4 %
NETHERLANDS 0.2 %
CAYMAN ISLANDS 0.2 %
SWITZERLAND 0.1 %
CANADA 0.1 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
18.5% 6.2% 7.2% -- 12.7%

Market Correlations
versus... Beta R-squared
S&P500 1.20 79%
MSCI EAFE 0.93 40%
MSCI Emg. Mkts. 0.56 24%

Technical Indicators
Recent close $73.00
30d moving avg. $70.99
Annualized volatility 16.3%
Short interest (ETF) 0.1%
Short interest (Underlying) 6.4%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 324
Turnover 0.3%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $29,541

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Schwab U.S. Small-Cap ETF based on the alternatives' overlap in portfolio holdings with SCHA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SCHA Expense: 4 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SCHA
Ticker Fund
Name
Overlap1
vs SCHA
(%)
Expense
ratio
(bp)
Savings
vs SCHA
(bp)
ALTAR
Score™
(%)
ALTAR
vs SCHA
(%)
SPSM SPDR Portfolio Small Cap 84.3 5 -1 4.6 -0.5
PBSM Invesco PureBeta MSCI USA Small Cap 74.7 6 -2 5.2 +0.1
IWM iShares Russell 2000 68.0 19 -15 3.8 -1.3
VTWO Vanguard Russell 2000 68.0 15 -11 3.8 -1.3
SPMD SPDR Portfolio Mid Cap 62.2 5 -1 6.3 +1.2
VB Vanguard Smallcap ETF 61.2 5 -1 5.6 +0.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity 56.9 20 -16 5.8 +0.7
ESML iShares MSCI USA Small-Cap ESG Optimized 53.3 17 -13 4.8 -0.3
VXF Vanguard Extended Market 51.8 7 -3 3.4 -1.7
VBR Vanguard Small-Cap Value ETF 50.8 7 -3 7.8 +2.7
IUSS Invesco Strategic US Small Company 48.3 23 -19 6.3 +1.2
FNDA Schwab Fundamental Small Cap 47.8 25 -21 6.2 +1.1
PRFZ Invesco FTSE-RAFI Small-Mid 1500 46.4 39 -35 4.7 -0.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity 44.6 29 -25 5.0 -0.1
JHSC John Hancock Multifactor Small Cap 42.2 50 -46 5.7 +0.6
EZM WisdomTree Midcap Earnings 40.7 38 -34 7.8 +2.7
IWO iShares Russell 2000 Growth 39.6 24 -20 0.9 -4.2
VTWG Vanguard Russell 2000 Growth 39.4 20 -16 0.9 -4.2
IWN iShares Russell 2000 Value 38.7 24 -20 6.5 +1.4
VTWV Vanguard Russell 2000 Value 38.6 20 -16 6.6 +1.5

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Schwab U.S. Small-Cap
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.8 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.55
 
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.