Schwab Emerging Markets Equity ETF
ALTAR
Score™
6.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
20.4x P/Sales
ratio
1.7x
P/BV
ratio
2.0x Div.
yield
2.1%


  • 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) $9,238
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 1506
Wgt avg mkt cap (mns) $146,376
Large cap (>$10bn) 72.2%
Mid cap ($2-10bn) 21.6%
Small cap (<$2bn) 2.1%
Developed mkts 9.9%
Emerging mkts 87.0%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 7.6 %
TENCENT HOLDINGS LTD 6.9 %
ALIBABA GROUP HOLDING LTD. SPONSOR 6.2 %
MEITUAN DIANPING 2.4 %
NASPERS LTD-N SHS 1.4 %
RELIANCE INDUSTRIES LTD 1.2 %
JD.COM INC-ADR 1.1 %
PING AN INSURANCE GROUP CO-H 1.0 %
CHINA CONSTRUCTION BANK-H 1.0 %
NIO INC. SPONSORED ADR CLASS A 0.9 %
Total 29.7 %

TOP COUNTRY EXPOSURE
CHINA 41.9 %
TAIWAN 15.8 %
INDIA 10.6 %
BRAZIL 5.4 %
SOUTH AFRICA 4.1 %
HONG KONG 3.3 %
SAUDI ARABIA 2.9 %
THAILAND 2.3 %
MEXICO 2.0 %
MALAYSIA 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
14.4% 14.4% 12.3% 3.1% 5.1%

Market Correlations
versus... Beta R-squared
S&P500 0.84 64%
MSCI EAFE 0.90 72%
MSCI Emg. Mkts. 0.91 95%

Technical Indicators
Recent close $33.03
30d moving avg. $31.10
Annualized volatility 19.8%
Short interest (ETF) 0.8%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 1,611
Turnover 0.6%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $115,767

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 6.7%


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
(%)
DFAE Dimensional Emerging Core Equity Market ETF 85.7 35 -24 7.0 +0.2
VWO Vanguard FTSE Emerging Markets ETF 81.5 10 1 6.9 +0.2
EEM iShares MSCI Emerging Markets ETF 79.2 70 -59 6.0 -0.8
PBEE Invesco PureBeta FTSE Emerging Markets ETF 77.7 15 -4 7.3 +0.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 76.4 36 -25 6.8 +0.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 75.5 65 -54 6.0 -0.8
IEMG iShares Core MSCI Emerging Markets ETF 73.4 11 0 6.6 -0.2
FLAX Franklin FTSE Asia Ex Japan ETF 73.3 19 -8 6.2 -0.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 70.2 68 -57 5.7 -1.1
EEMA iShares MSCI Emerging Markets Asia ETF 68.9 50 -39 6.3 -0.4
SPEM SPDR Portfolio Emerging Markets ETF 68.0 11 0 6.5 -0.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 67.4 30 -19 6.4 -0.4
BKEM BNY Mellon Emerging Markets Equity ETF 64.4 11 0 6.7 -0.1
JHEM John Hancock Multifactor Emerging Markets ETF 61.5 49 -38 7.4 +0.7
GMF SPDR S&P Emerging Asia Pacific ETF 57.9 49 -38 5.9 -0.8
BKF iShares MSCI BRIC ETF 56.7 70 -59 6.2 -0.6
ESGE iShares ESG Aware MSCI EM ETF 55.1 25 -14 7.0 +0.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 54.3 45 -34 6.3 -0.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 54.2 20 -9 5.5 -1.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 50.6 32 -21 5.0 -1.7
PXH Invesco FTSE RAFI Emerging Markets ETF 49.7 50 -39 11.6 +4.9
LDEM iShares ESG MSCI EM Leaders ETF 49.3 16 -5 6.4 -0.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 45.0 59 -48 10.6 +3.8
FLCH Franklin FTSE China ETF 44.9 19 -8 7.0 +0.2
MCHI iShares MSCI China ETF 43.5 59 -48 6.4 -0.4
GXC SPDR S&P China ETF 43.2 59 -48 6.5 -0.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 42.9 30 -19 7.5 +0.8
AVEM Avantis Emerging Markets Equity ETF 42.8 33 -22 7.3 +0.5
RESE WisdomTree Emerging Markets ESG Fund 42.2 32 -21 6.7 -0.1
EMXF iShares ESG Advanced MSCI EM ETF 41.6 16 -5 7.1 +0.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 40.7 39 -28 11.6 +4.9
NUEM Nuveen ESG Emerging Markets Equity ETF 40.6 45 -34 5.4 -1.3
EEMO Invesco S&P Emerging Markets Momentum ETF 39.7 29 -18 3.3 -3.4
CN Xtrackers MSCI All China Equity ETF 37.8 50 -39 6.9 +0.1
EMXC iShares MSCI Emerging Markets ex China ETF 37.5 25 -14 6.6 -0.2
KALL KraneShares MSCI All China Index ETF 37.2 49 -38 6.9 +0.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 35.2 40 -29 6.1 -0.7
ISEM Invesco RAFI Strategic Emerging Markets ETF 34.6 35 -24 8.9 +2.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 34.3 95 -84 7.1 +0.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 33.5 25 -14 6.4 -0.4
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF 32.8 44 -33 8.2 +1.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 32.6 32 -21 7.4 +0.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 32.4 49 -38 7.6 +0.9
CEZ VictoryShares Emerging Market Volatility Wtd ETF 31.0 50 -39 9.5 +2.8
VSGX Vanguard ESG International Stock ETF 30.2 17 -6 6.3 -0.4
FDEM Fidelity Emerging Markets Multifactor ETF 29.4 45 -34 7.7 +1.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 29.0 16 -5 6.0 -0.8
CHIL Global X MSCI China Large-Cap 50 ETF 28.8 29 -18 6.2 -0.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 27.9 25 -14 6.6 -0.1
VYMI Vanguard International High Dividend Yield ETF 27.5 27 -16 9.0 +2.3
AIA iShares Asia 50 ETF 25.3 50 -39 6.0 -0.8
CXSE WisdomTree China ex-State-Owned Enterprises Fund 25.3 32 -21 5.3 -1.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 25.0 40 -29 6.1 -0.7
EMMF WisdomTree Emerging Markets Multifactor Fund 24.4 48 -37 8.1 +1.3
KESG KraneShares MSCI China ESG Leaders Index ETF 23.3 59 -48 8.1 +1.4
ACWX iShares MSCI ACWI ex U.S. ETF 23.2 32 -21 6.3 -0.4
IXUS ishares Core MSCI Total International Stock ETF 23.0 9 2 6.4 -0.3
VEU Vanguard FTSE All-World ex-US Index Fund 23.0 8 3 6.7 -0.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 22.6 86 -75 2.1 -4.6
EWEB Global X Emerging Markets Internet & E-commerce ETF 21.7 65 -54 2.5 -4.3
EMGF iShares MSCI Emerging Markets Multifactor ETF 21.3 45 -34 8.6 +1.9
KWEB KraneShares CSI China Internet ETF 21.2 76 -65 2.1 -4.6
ECON Columbia Emerging Markets Consumer ETF 20.8 59 -48 4.7 -2.0
FDNI First Trust Dow Jones International Internet ETF 20.7 65 -54 1.9 -4.9
ROAM Hartford Multifactor Emerging Markets ETF 20.7 44 -33 11.5 +4.8
CWI SPDR MSCI ACWI ex-US ETF 19.0 30 -19 6.2 -0.6
VXUS Vanguard Total International Stock ETF 18.6 8 3 6.6 -0.2
FXI iShares China Large-Cap ETF 18.6 74 -63 10.5 +3.8
RNEM First Trust Emerging Markets Equity Select ETF 18.0 75 -64 10.2 +3.4
XCEM Columbia EM Core ex-China ETF 16.9 16 -5 5.9 -0.8
VIGI Vanguard International Dividend Appreciation ETF 15.7 20 -9 5.0 -1.7
FLTW Franklin FTSE Taiwan ETF 15.7 19 -8 5.1 -1.7
BICK First Trust BICK Index Fund 15.6 64 -53 3.2 -3.5
PIE Invesco DWA Emerging Markets Momentum ETF 15.6 90 -79 1.8 -4.9
EWT iShares MSCI Taiwan ETF 15.5 59 -48 4.8 -1.9
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 15.3 45 -34 12.1 +5.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 15.2 29 -18 9.5 +2.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 15.1 58 -47 5.0 -1.7
CHIQ Global X MSCI China Consumer ETF 15.1 65 -54 4.6 -2.2
OGIG O'Shares Global Internet Giants ETF 14.9 48 -37 0.6 -6.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 13.9 20 -9 9.4 +2.7
GLCN VanEck Vectors Ftse China A50 ETF 13.2 60 -49 4.1 -2.7
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 12.9 30 -19 4.1 -2.7
FNI First Trust Chindia ETF 12.6 60 -49 2.3 -4.4
WUGI Esoterica NextG Economy ETF 12.4 75 -64 1.0 -5.7
CQQQ Invesco China Technology ETF 12.0 70 -59 4.3 -2.4
PGJ Invesco Golden Dragon China ETF 11.9 70 -59 3.7 -3.0
DINT Davis Select International ETF 11.7 68 -57 5.3 -1.4
DWLD Davis Select Worldwide ETF 10.9 63 -52 5.6 -1.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 10.7 20 -9 5.3 -1.4
JOYY Infusive Compounding Global Equities ETF 10.7 50 -39 3.4 -3.3
FLIN Franklin FTSE India ETF 10.6 19 -8 4.8 -2.0
LOWC SPDR MSCI ACWI Low Carbon Target ETF 10.5 20 -9 5.3 -1.4
DEM WisdomTree Emerging Markets High Dividend Fund 10.4 63 -52 12.9 +6.2
FEM First Trust Emerging Markets AlphaDEX Fund 10.4 80 -69 10.5 +3.7
EMFM Global X MSCI Next Emerging & Frontier ETF 10.3 66 -55 8.2 +1.4
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 10.2 60 -49 2.3 -4.4
ACWI iShares MSCI ACWI ETF 10.1 32 -21 5.1 -1.7

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 12.8 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 11 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.37 CATEGORY
AVERAGE
1.39
 
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.