Schwab International Small-Cap Equity ETF
ALTAR
Score™
7.3% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
28.4x P/Sales
ratio
0.8x
P/BV
ratio
1.1x Div.
yield
2.5%


  • 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 14, 2010
Assets (mns) $2,456
Currency USD
Expense ratio 11 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 2102
Wgt avg mkt cap (mns) $2,063
Large cap (>$10bn) 2.5%
Mid cap ($2-10bn) 44.6%
Small cap (<$2bn) 49.9%
Developed mkts 93.3%
Emerging mkts 5.8%

TOP TEN HOLDINGS
KIRKLAND LAKE GOLD LTD. 0.7 %
OPEN TEXT CORP 0.6 %
EMERA INC 0.6 %
KINROSS GOLD CORP 0.6 %
ALGONQUIN POWER & UTILITIES 0.5 %
TURQUOISE HILL RESOURCES LTD 0.5 %
GENIVAR INC 0.4 %
RITCHIE BROS AUCTIONEERS 0.4 %
B2GOLD CORP 0.4 %
PAN AMERICAN SILVER CORP 0.4 %
Total 4.8 %

TOP COUNTRY EXPOSURE
CANADA 18.0 %
JAPAN 14.8 %
BRITAIN 10.9 %
SOUTH KOREA 6.3 %
AUSTRALIA 5.0 %
SWITZERLAND 3.8 %
SWEDEN 3.8 %
GERMANY 3.6 %
ITALY 2.1 %
FRANCE 1.9 %

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.
-6.1% 5.1% 5.3% 4.8% 5.8%

Market Correlations
versus... Beta R-squared
S&P500 1.02 85%
MSCI EAFE 1.18 94%
MSCI Emg. Mkts. 0.88 82%

Technical Indicators
Recent close $31.57
30d moving avg. $32.80
Annualized volatility 19.6%
Short interest (ETF) 0.1%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 253
Turnover 0.3%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $8,998

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Schwab International Small-Cap Equity ETF 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: 11 bp ALTAR Score™: 7.3%


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 Index Fund 60.2 11 0 6.8 -0.4
SCZ iShares MSCI Eafe Small-Cap ETF 44.4 40 -29 7.3 +0.0
GWX SPDR S&P International Small Cap ETF 37.3 40 -29 7.7 +0.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 36.7 49 -38 6.5 -0.7
IEUS iShares MSCI Europe Small-Cap ETF 35.9 40 -29 8.2 +0.9
FNDC Schwab Fundamental International Small Co. Index ETF 34.9 39 -28 7.4 +0.2
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 21.1 43 -32 8.8 +1.6
DLS WisdomTree International SmallCap Dividend Fund 19.7 58 -47 8.7 +1.5
AVDV Avantis International Small Cap Value ETF 19.4 36 -25 8.2 +1.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 19.1 39 -28 8.7 +1.5
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 16.6 40 -29 9.0 +1.7
AVDE Avantis International Equity ETF 14.4 23 -12 8.0 +0.8
SCJ iShares MSCI Japan Small-Cap ETF 14.3 49 -38 6.3 -1.0
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 11.8 58 -47 8.2 +0.9
DFJ WisdomTree Japan SmallCap Dividend Fund 11.8 58 -47 8.1 +0.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 11.1 39 -28 6.8 -0.4
EWUS iShares MSCI United Kingdom Small Cap ETF 11.0 59 -48 8.8 +1.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 10.3 80 -69 10.4 +3.2
SCID Global X Scientific Beta Europe ETF 10.1 39 -28 0.0 -7.3
DFE WisdomTree Europe SmallCap Dividend Fund 8.9 58 -47 9.1 +1.8
VEA Vanguard FTSE Developed Markets ETF 8.3 5 6 7.7 +0.5
EWC iShares MSCI Canada ETF 8.3 49 -38 7.2 -0.1
BBCA JPMorgan BetaBuilders Canada ETF 8.1 19 -8 7.3 +0.1
QCAN SPDR MSCI Canada Quality Mix ETF 7.8 14 -3 7.3 +0.1
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 7.8 10 1 9.6 +2.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 7.7 58 -47 8.5 +1.3
WPS iShares International Developed Property ETF 7.7 48 -37 8.3 +1.1
IDEV iShares Core MSCI International Developed Markets ETF 7.5 5 6 7.5 +0.3
IEUR iShares Core MSCI Europe ETF 7.5 9 2 7.8 +0.6
VGK Vanguard FTSE Europe ETF 7.4 8 3 8.0 +0.7
VNQI Vanguard Global ex-US Real Estate Index Fund 7.2 12 -1 10.7 +3.4
IEFA iShares Core MSCI EAFE ETF 7.0 7 4 7.6 +0.4
VPL Vanguard FTSE Pacific ETF 6.8 8 3 7.5 +0.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 6.5 29 -18 8.0 +0.8
FEU SPDR Portfolio Europe ETF 6.5 9 2 7.9 +0.7
IXUS ishares Core MSCI Total International Stock ETF 6.4 9 2 7.6 +0.3
IFGL iShares International Developed Real Estate ETF 6.4 48 -37 8.2 +1.0
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 6.2 60 -49 7.6 +0.3
SPDW SPDR Portfolio Developed World ex-US ETF 5.8 4 7 7.4 +0.1
VXUS Vanguard Total International Stock Index Fund 5.7 8 3 7.8 +0.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 5.6 69 -58 7.9 +0.6
DRW WisdomTree Global ex-US Real Estate Fund 5.6 58 -47 11.4 +4.2
ISDX Invesco Strategic Developed ex-US ETF 5.6 23 -12 7.8 +0.5
VSGX Vanguard ESG International Stock ETF 5.5 17 -6 7.3 +0.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 5.5 45 -34 7.3 +0.0
FCAN First Trust Canada AlphaDex Fund 5.5 80 -69 4.4 -2.9
GRES IQ Global Resources ETF 5.4 78 -67 7.5 +0.2
AIIQ AI Powered International Equity ETF 5.1 79 -68 3.3 -4.0
IPAC iShares Core MSCI Pacific ETF 5.1 9 2 7.3 +0.0
FEP First Trust Europe AlphaDEX Fund 4.9 80 -69 7.8 +0.6
RWX SPDR Dow Jones International Real Estate ETF 4.5 59 -48 7.4 +0.2
PIZ Invesco DWA Developed Markets Momentum ETF 4.5 81 -70 4.8 -2.5
REET iShares Global REIT ETF 4.5 14 -3 7.8 +0.5
RWO SPDR Dow Jones Global Real Estate ETF 4.3 50 -39 7.5 +0.2
SMEZ SPDR EURO STOXX Small Cap ETF 4.2 45 -34 7.0 -0.3
DWM WisdomTree International Equity Fund 4.1 48 -37 8.9 +1.6
INTF iShares Edge MSCI Multifactor Intl ETF 4.0 30 -19 8.3 +1.0
EWGS iShares MSCI Germany Small Cap ETF 4.0 59 -48 5.5 -1.8
IFEU iShares Europe Development Real Estate ETF 4.0 48 -37 0.0 -7.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 3.8 35 -24 9.0 +1.8
ISZE iShares Edge MSCI Intl Size Factor ETF 3.7 30 -19 7.6 +0.3
EUDG WisdomTree Europe Quality Dividend Growth Fund 3.7 58 -47 6.4 -0.8
PDEV Principal International Multi-Factor Core Index ETF 3.6 25 -14 8.4 +1.1
DTH WisdomTree DEFA Equity Income Fund 3.6 58 -47 10.6 +3.4
VIGI Vanguard International Dividend Appreciation ETF 3.4 20 -9 5.8 -1.5
DXJ WisdomTree Japan Hedged Equity Fund 3.3 48 -37 8.0 +0.8
GQRE FlexShares Global Quality Real Estate Index Fund 3.3 45 -34 6.9 -0.4
FDEV Fidelity Targeted International Factor ETF 3.2 39 -28 6.8 -0.5
IGRO iShares International Dividend Growth ETF 3.2 22 -11 8.8 +1.6
RING iShares MSCI Global Gold Miners ETF 3.2 39 -28 3.8 -3.5
QINT American Century Quality Diversified International ETF 3.1 39 -28 6.4 -0.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 3.1 35 -24 9.1 +1.9
SGDM Sprott Gold Miners ETF 3.1 50 -39 2.9 -4.4
RNDM Developed International Equity Select ETF 3.0 65 -54 6.5 -0.8
DIM WisdomTree International MidCap Dividend Fund 2.9 58 -47 7.9 +0.7
GOEX Global X Gold Explorers ETF 2.9 65 -54 3.5 -3.8
IQIN IQ 500 International ETF 2.8 25 -14 9.2 +1.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.7 45 -34 9.4 +2.2
IQDG WisdomTree International Quality Dividend Growth Fund 2.7 42 -31 6.6 -0.7
AVEM Avantis Emerging Markets Equity ETF 2.6 33 -22 9.0 +1.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 2.6 58 -47 6.4 -0.9
VT Vanguard Total World Stock Index Fund 2.6 8 3 6.2 -1.1
HAP VanEck Vectors Natural Resources ETF 2.5 50 -39 6.5 -0.8
GUNR Flexshares Morningstar Global Upstream Natural Resources 2.5 46 -35 6.6 -0.6
PICK iShares MSCI Global Metals & Mining Producers ETF 2.5 39 -28 7.4 +0.1
FNDF Schwab Fundamental International Large Co. Index ETF 2.4 25 -14 9.2 +2.0
LVIN Hartford Multifactor Low Volatility International Equity ETF 2.3 29 -18 11.9 +4.7
NANR SPDR S&P North American Natural Resources ETF 2.0 35 -24 3.9 -3.3
FEUZ First Trust Eurozone AlphaDEX ETF 2.0 80 -69 8.0 +0.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.0 59 -48 11.3 +4.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.0 58 -47 8.1 +0.9
IPKW Invesco International BuyBack Achievers ETF 2.0 55 -44 8.5 +1.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 2.0 25 -14 7.0 -0.3
VIDI Vident International Equity Fund 2.0 59 -48 11.8 +4.5
DWX SPDR S&P International Dividend ETF 2.0 45 -34 8.1 +0.9
RFDI First Trust Riverfront Dynamic Developed International ETF 1.8 83 -72 6.0 -1.3
GDX VanEck Vectors Gold Miners ETF 1.8 52 -41 3.3 -3.9
FID First Trust S&P International Dividend Aristocrats ETF 1.8 60 -49 10.4 +3.1

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 International Small-Cap Equity ETF
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 7.5 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 11 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.57
 
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.