Schwab Intl Small-Cap Equity
ALTAR
Score™
6.4% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
17.1x P/Sales
ratio
0.9x
P/BV
ratio
1.3x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Schwab International Small-Cap Equity ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to track as closely as possible, before fees and expenses, the total return of the FTSE Developed Small Cap ex-US Liquid Index.

FUND BASICS
Category International Equities
Fund Sponsor Charles Schwab Investment Management Inc
Website www.schwabetfs.com
Inception date Jan 13, 2010
Assets (mns) $2,419
Currency USD
Expense ratio 12 bp
Distributions Annually

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 2072
Wgt avg mkt cap (mns) $2,085
Large cap (>$10bn) 1.3%
Mid cap ($2-10bn) 46.7%
Small cap (<$2bn) 51.9%
Developed mkts 94.9%
Emerging mkts 5.1%

TOP TEN HOLDINGS
OPEN TEXT CORP 0.6 %
EMERA INC 0.5 %
KIRKLAND LAKE GOLD LTD. 0.5 %
CAE INC 0.4 %
GENIVAR INC 0.4 %
ALGONQUIN POWER & UTILITIES 0.4 %
CAN APARTMENT PROP REAL ESTA 0.4 %
CCL INDUSTRIES INC - CL B 0.3 %
FIRST QUANTUM MINERALS LTD 0.3 %
GILDAN ACTIVEWEAR INC 0.3 %
Total 4.1 %

TOP COUNTRY EXPOSURE
CANADA 17.2 %
JAPAN 15.0 %
BRITAIN 12.2 %
AUSTRALIA 4.7 %
GERMANY 3.9 %
SWEDEN 3.7 %
SOUTH KOREA 3.4 %
SWITZERLAND 3.3 %
ITALY 2.2 %
FRANCE 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
17.2% 9.7% 5.0% -- 6.5%

Market Correlations
versus... Beta R-squared
S&P500 0.86 72%
MSCI EAFE 1.05 90%
MSCI Emg. Mkts. 0.77 76%

Technical Indicators
Recent close $34.17
30d moving avg. $33.59
Annualized volatility 12.2%
Short interest (ETF) 0.5%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 162
Turnover 0.2%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $6,939

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SCHC Expense: 12 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SCHC
Ticker Fund
Name
Overlap1
vs SCHC
(%)
Expense
ratio
(bp)
Savings
vs SCHC
(bp)
ALTAR
Score™
(%)
ALTAR
vs SCHC
(%)
VSS Vanguard FTSE All World ex-US Small Cap 61.4 12 0 6.5 +0.1
SCZ iShares MSCI EAFE Small Cap 44.4 39 -27 6.0 -0.4
PDN Invesco FTSE RAFI Developed Mkts ex-US Small-Mid Cap 40.0 49 -37 6.4 +0.0
GWX SPDR International SmallCap 38.7 40 -28 4.6 -1.8
FNDC Schwab Fundamental Intl Small Cap 38.4 39 -27 4.5 -1.9
IEUS iShares MSCI Europe Small Cap 38.1 40 -28 6.0 -0.4
DDLS WisdomTree Dynamic Currency Hedged Int'l SmallCap 26.1 43 -31 8.3 +1.9
DLS WisdomTree Int'l SmallCap Dividend 24.0 58 -46 8.1 +1.7
ISDS Invesco Strategic Developed ex-US Small Company 22.7 35 -23 5.1 -1.3
TLTD FlexShares Mngstr Developed Mkts ex-US Factor Tilt 19.2 39 -27 8.3 +1.9
ISCF iShares FactorSelect MSCI Intl Small-Cap 17.0 40 -28 6.9 +0.5
AVDV Avantis International Small Cap Value 15.4 36 -24 7.0 +0.6
SCJ iShares MSCI Japan Small Cap 14.6 47 -35 6.1 -0.3
AVDE Avantis International Equity 13.4 23 -11 7.5 +1.1
DFE WisdomTree Europe Small Cap Dividend 12.7 58 -46 8.7 +2.4
DFJ WisdomTree Japan Small Cap Dividend 12.7 58 -46 7.8 +1.4
DXJS WisdomTree Japan Hedged Small 12.7 58 -46 7.9 +1.5
EWUS iShares MSCI United Kingdom Small Cap 12.3 59 -47 7.3 +1.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 11.4 58 -46 7.4 +1.0
FDTS First Trust Dev Mkts ex-US Small Cap Alpha 11.3 80 -68 9.1 +2.7

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 Intl Small-Cap Equity
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 8.0 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.63
 
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.