Schwab Emerging Markets Equity ETF
ALTAR
Score™
8.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
15.8x P/Sales
ratio
1.3x
P/BV
ratio
1.6x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Schwab Emerging Market 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 FTSE All-Emerging Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Charles Schwab Investment Management Inc
Website www.schwabetfs.com
Inception date Jan 14, 2010
Assets (mns) $6,588
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 1504
Wgt avg mkt cap (mns) $127,245
Large cap (>$10bn) 70.2%
Mid cap ($2-10bn) 25.2%
Small cap (<$2bn) 3.4%
Developed mkts 9.4%
Emerging mkts 87.6%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 7.3 %
TENCENT HOLDINGS LTD 7.1 %
TAIWAN SEMICONDUCTOR MANUFAC 4.9 %
MEITUAN DIANPING 1.5 %
NASPERS LTD-N SHS 1.5 %
CHINA CONSTRUCTION BANK-H 1.5 %
RELIANCE INDUSTRIES LTD 1.3 %
PING AN INSURANCE GROUP CO-H 1.0 %
JD.COM INC-ADR 1.0 %
IND & COMM BK OF CHINA - H 0.9 %
Total 28.0 %

TOP COUNTRY EXPOSURE
CHINA 38.6 %
TAIWAN 13.5 %
INDIA 9.2 %
BRAZIL 6.1 %
HONG KONG 4.3 %
SOUTH AFRICA 4.3 %
SAUDI ARABIA 2.8 %
THAILAND 2.6 %
MALAYSIA 2.3 %
MEXICO 2.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.6% -4.3% 2.5% 3.2% 2.9%

Market Correlations
versus... Beta R-squared
S&P500 0.87 61%
MSCI EAFE 1.05 78%
MSCI Emg. Mkts. 0.92 94%

Technical Indicators
Recent close $25.27
30d moving avg. $24.07
Annualized volatility 18.8%
Short interest (ETF) 0.1%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 4,424
Turnover 1.7%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $68,658

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Schwab Emerging Markets Equity ETF ETF based on the alternatives' overlap in portfolio holdings with SCHE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SCHE Expense: 11 bp ALTAR Score™: 8.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SCHE
Ticker Fund
Name
Overlap1
vs SCHE
(%)
Expense
ratio
(bp)
Savings
vs SCHE
(bp)
ALTAR
Score™
(%)
ALTAR
vs SCHE
(%)
EEM iShares MSCI Emerging Markets ETF 78.2 68 -57 7.7 -0.4
VWO Vanguard FTSE Emerging Markets ETF 77.9 10 1 8.4 +0.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 77.1 65 -54 7.7 -0.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 76.9 36 -25 8.5 +0.3
PBEE Invesco PureBeta FTSE Emerging Markets ETF 76.5 15 -4 9.0 +0.8
IEMG iShares Core MSCI Emerging Markets ETF 72.6 13 -2 8.2 +0.1
FLAX Franklin FTSE Asia Ex Japan ETF 70.9 19 -8 8.0 -0.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 68.1 68 -57 7.4 -0.8
EEMA iShares MSCI Emerging Markets Asia ETF 68.0 50 -39 7.9 -0.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 64.7 30 -19 8.1 -0.0
BKEM BNY Mellon Emerging Markets Equity ETF 64.0 11 0 8.7 +0.5
SPEM SPDR Portfolio Emerging Markets ETF 62.8 11 0 8.1 -0.1
JHEM John Hancock Multifactor Emerging Markets ETF 60.6 49 -38 8.7 +0.5
GMF SPDR S&P Emerging Asia Pacific ETF 57.3 49 -38 7.6 -0.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 55.8 45 -34 8.2 -0.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 55.8 32 -21 6.4 -1.8
BKF iShares MSCI BRIC ETF 55.6 69 -58 7.7 -0.4
ESGE iShares ESG MSCI EM ETF 54.1 25 -14 9.0 +0.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 52.9 20 -9 7.1 -1.1
PXH Invesco FTSE RAFI Emerging Markets ETF 47.9 50 -39 13.4 +5.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 45.6 59 -48 11.4 +3.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 44.0 30 -19 9.0 +0.8
FLCH Franklin FTSE China ETF 43.2 19 -8 8.5 +0.3
MCHI iShares MSCI China ETF 42.3 59 -48 8.0 -0.1
GXC SPDR S&P China ETF 41.7 59 -48 8.3 +0.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 41.4 39 -28 13.0 +4.8
AVEM Avantis Emerging Markets Equity ETF 41.4 33 -22 9.2 +1.1
WCHN WisdomTree ICBCCS S&P China 500 Fund 37.7 55 -44 8.7 +0.5
CN Xtrackers MSCI All China Equity ETF 37.4 50 -39 8.3 +0.2
KALL KraneShares FTSE Emerging Markets Plus ETF 37.3 49 -38 8.5 +0.3
EMXC iShares MSCI Emerging Markets ex China ETF 37.2 25 -14 8.5 +0.3
DVEM WisdomTree Emerging Markets Dividend Fund 37.0 32 -21 8.5 +0.3
NUEM Nuveen ESG Emerging Markets Equity ETF 36.8 45 -34 7.6 -0.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 35.2 44 -33 9.1 +1.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 34.7 49 -38 8.9 +0.7
ISEM Invesco Strategic Emerging Markets ETF 34.7 35 -24 10.7 +2.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 33.8 95 -84 9.6 +1.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 33.2 49 -38 8.1 -0.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 30.0 40 -29 7.3 -0.8
CHIL Global X MSCI China Large-Cap 50 ETF 29.6 29 -18 8.5 +0.3
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 29.2 50 -39 10.4 +2.2
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 29.0 25 -14 7.8 -0.3
EMCG WisdomTree Emerging Markets Consumer Growth Fund 29.0 32 -21 7.5 -0.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 28.0 32 -21 6.3 -1.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 27.6 32 -21 9.2 +1.1
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 27.0 64 -53 4.8 -3.3
RNEM Emerging Markets Equity Select ETF 26.1 75 -64 10.5 +2.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 25.6 16 -5 7.0 -1.1
AXJL WisdomTree Asia Pacific ex-Japan Fund 25.0 48 -37 9.7 +1.5
AIA iShares Asia 50 ETF 23.1 50 -39 8.3 +0.1
EEMO Invesco S&P Emerging Markets Momentum ETF 22.3 29 -18 6.9 -1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 22.3 40 -29 7.1 -1.1
ROAM Hartford Multifactor Emerging Markets ETF 22.0 44 -33 15.0 +6.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 22.0 86 -75 2.2 -5.9
FDEM Fidelity Targeted Emerging Markets Factor ETF 22.0 45 -34 9.7 +1.5
EMMF WisdomTree Emerging Markets Multifactor Fund 21.5 48 -37 9.8 +1.6
ECON Columbia Emerging Markets Consumer ETF 21.1 59 -48 4.6 -3.6
KWEB KraneShares CSI China Internet ETF 20.9 76 -65 1.8 -6.3
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 20.9 45 -34 9.5 +1.3
FDNI First Trust Dow Jones International Internet ETF 20.7 65 -54 2.2 -5.9
ACWX iShares MSCI ACWI ex U.S. ETF 20.4 32 -21 7.4 -0.8
IXUS ishares Core MSCI Total International Stock ETF 20.4 9 2 7.5 -0.6
VSGX Vanguard ESG International Stock ETF 20.3 17 -6 7.3 -0.8
VEU Vanguard FTSE All-World ex-US Index Fund 20.1 8 3 7.7 -0.5
VYMI Vanguard International High Dividend Yield ETF 19.8 32 -21 10.3 +2.1
VXUS Vanguard Total International Stock Index Fund 19.3 8 3 7.7 -0.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 19.2 29 -18 9.9 +1.8
TTTN UP Fintech China-U.S. Internet Titans ETF 18.7 59 -48 4.3 -3.9
FXI iShares China Large-Cap ETF 18.5 74 -63 13.0 +4.8
JOYY Infusive Compounding Global Equities ETF 17.4 50 -39 3.8 -4.3
CWI SPDR MSCI ACWI ex-US ETF 17.1 30 -19 7.3 -0.9
PIE Invesco DWA Emerging Markets Momentum ETF 16.2 90 -79 5.4 -2.8
XCEM Columbia EM Core ex-China ETF 15.4 16 -5 7.4 -0.7
OGIG O'Shares Global Internet Giants ETF 15.2 48 -37 0.7 -7.5
BICK First Trust BICK Index Fund 15.0 64 -53 4.9 -3.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 14.7 20 -9 11.1 +2.9
DEM WisdomTree Emerging Markets High Dividend Fund 14.6 63 -52 14.1 +5.9
VIGI Vanguard International Dividend Appreciation ETF 14.4 25 -14 5.6 -2.6
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 14.0 45 -34 13.8 +5.6
FLTW Franklin FTSE Taiwan ETF 13.6 19 -8 6.4 -1.8
EWT iShares MSCI Taiwan ETF 13.3 59 -48 6.0 -2.2
CHIQ Global X China Consumer ETF 13.3 65 -54 7.8 -0.3
EMFM Global X MSCI Next Emerging & Frontier ETF 12.4 66 -55 9.0 +0.9
PGJ Invesco Golden Dragon China ETF 12.4 70 -59 3.2 -5.0
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 12.3 18 -7 5.9 -2.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 12.1 60 -49 8.5 +0.4
FNI First Trust Chindia ETF 12.0 60 -49 2.9 -5.3
DINT Davis Select International ETF 11.9 68 -57 5.9 -2.3
GBUY Goldman Sachs Motif New Age Consumer ETF 11.7 50 -39 1.9 -6.3
CQQQ Invesco China Technology ETF 11.4 70 -59 4.0 -4.2
GENY Principal Millennials Index ETF 11.0 45 -34 3.8 -4.4
PNQI Invesco NASDAQ Internet ETF 10.3 62 -51 1.1 -7.1
EDIV SPDR S&P Emerging Markets Dividend ETF 10.3 49 -38 11.1 +2.9
DWLD Davis Select Worldwide ETF 10.3 63 -52 6.6 -1.6
CHIC Global X Nasdaq China Technology ETF 10.1 66 -55 3.8 -4.3
BUYZ Franklin Disruptive Commerce ETF 9.9 50 -39 -0.2 -8.4
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 9.9 80 -69 4.0 -4.2
FEM First Trust Emerging Markets AlphaDEX Fund 9.7 80 -69 11.4 +3.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 9.5 20 -9 6.2 -2.0
ACWV iShares Edge MSCI Min Vol Global ETF 9.4 20 -9 5.7 -2.5

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

  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 Emerging Markets Equity 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 11 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 CATEGORY
AVERAGE
1.45
 
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.