Schwab Emerging Markets Equity ETF
ALTAR
Score™		 10.4% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 10.9x P/Sales
ratio		 1.1x
P/BV
ratio		 1.3x Div.
yield		 3.9%


  • 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 13, 2010
Assets (mns) $5,091
Currency USD
Expense ratio 13 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 1407
Wgt avg mkt cap (mns) $110,398
Large cap (>$10bn) 68.0%
Mid cap ($2-10bn) 26.6%
Small cap (<$2bn) 4.5%
Developed mkts 8.9%
Emerging mkts 88.5%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 8.0 %
TENCENT HOLDINGS LTD 6.5 %
TAIWAN SEMICONDUCTOR MANUFAC 5.1 %
CHINA CONSTRUCTION BANK-H 1.8 %
NASPERS LTD-N SHS 1.4 %
IND & COMM BK OF CHINA - H 1.3 %
PING AN INSURANCE GROUP CO-H 1.3 %
RELIANCE INDUSTRIES LTD 1.1 %
MEITUAN DIANPING 1.0 %
CHINA MOBILE LIMITED 0.9 %
Total 28.4 %

TOP COUNTRY EXPOSURE
CHINA 38.4 %
TAIWAN 13.6 %
INDIA 9.0 %
BRAZIL 5.8 %
HONG KONG 4.9 %
SOUTH AFRICA 4.2 %
MALAYSIA 2.5 %
THAILAND 2.5 %
SAUDI ARABIA 2.5 %
MEXICO 2.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-24.4% -17.8% -0.7% 0.4% 1.3%

Market Correlations
versus... Beta R-squared
S&P500 0.92 62%
MSCI EAFE 1.04 76%
MSCI Emg. Mkts. 0.97 96%

Technical Indicators
Recent close $20.48
30d moving avg. $22.47
Annualized volatility 17.9%
Short interest (ETF) 0.2%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 8,845
Turnover 3.6%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $72,011

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: 13 bp ALTAR Score™: 10.4%


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
(%)
VWO Vanguard FTSE Emerging Markets ETF 78.1 10 3 10.5 +0.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 77.2 14 -1 11.5 +1.2
EEM iShares MSCI Emerging Markets ETF 76.9 68 -55 10.0 -0.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 72.2 65 -52 10.0 -0.3
IEMG iShares Core MSCI Emerging Markets ETF 71.7 14 -1 10.5 +0.2
FLAX Franklin FTSE Asia Ex Japan ETF 69.7 19 -6 10.1 -0.3
EEMA iShares MSCI Emerging Markets Asia ETF 68.5 50 -37 10.0 -0.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 66.7 68 -55 9.4 -0.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 63.8 30 -17 10.3 -0.0
SPEM SPDR Portfolio Emerging Markets ETF 62.1 11 2 10.2 -0.2
JHEM John Hancock Multifactor Emerging Markets ETF 61.1 55 -42 10.7 +0.4
GMF SPDR S&P Emerging Asia Pacific ETF 57.6 49 -36 9.4 -0.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 55.3 45 -32 10.3 -0.0
BKF iShares MSCI BRIC ETF 54.9 69 -56 10.0 -0.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 54.1 32 -19 8.5 -1.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 51.1 20 -7 9.2 -1.2
PXH Invesco FTSE RAFI Emerging Markets ETF 48.9 50 -37 15.9 +5.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 48.1 59 -46 13.2 +2.8
ESGE iShares ESG MSCI EM ETF 47.9 25 -12 11.5 +1.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 44.2 30 -17 10.8 +0.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 43.3 39 -26 15.1 +4.8
FLCH Franklin FTSE China ETF 43.0 19 -6 10.3 -0.0
GXC SPDR S&P China ETF 42.1 59 -46 10.0 -0.3
MCHI iShares MSCI China ETF 42.1 59 -46 10.1 -0.2
AVEM Avantis Emerging Markets Equity ETF 41.1 33 -20 11.7 +1.3
DVEM WisdomTree Emerging Markets Dividend Fund 39.2 32 -19 10.9 +0.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 38.5 95 -82 12.3 +2.0
KALL KraneShares FTSE Emerging Markets Plus ETF 38.0 49 -36 10.0 -0.3
WCHN WisdomTree ICBCCS S&P China 500 Fund 38.0 55 -42 9.7 -0.6
CN Xtrackers MSCI All China Equity ETF 37.9 50 -37 10.3 -0.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 37.8 45 -32 10.6 +0.2
ISEM Invesco Strategic Emerging Markets ETF 37.7 35 -22 11.9 +1.5
EMXC iShares MSCI Emerging Markets ex China ETF 37.1 49 -36 10.4 0.0
NUEM Nuveen ESG Emerging Markets Equity ETF 36.7 45 -32 9.3 -1.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 33.7 49 -36 10.3 -0.1
CEZ Victory CEMP Emerging Market Volatility Wtd Index ETF 30.5 50 -37 12.6 +2.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 30.3 40 -27 9.1 -1.3
CHIL Global X MSCI China Large-Cap 50 ETF 30.1 29 -16 10.5 +0.1
EMCG WisdomTree Emerging Markets Consumer Growth Fund 28.4 32 -19 9.2 -1.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 27.9 32 -19 11.4 +1.0
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 26.8 25 -12 9.8 -0.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 26.6 32 -19 8.1 -2.2
AXJL WisdomTree Asia Pacific ex-Japan Fund 26.5 48 -35 11.0 +0.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 25.9 49 -36 11.6 +1.2
RNEM Emerging Markets Equity Select ETF 24.6 75 -62 11.6 +1.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 23.8 16 -3 8.7 -1.6
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 23.7 64 -51 7.8 -2.6
AIA iShares Asia 50 ETF 23.6 50 -37 10.1 -0.3
ROAM Hartford Multifactor Emerging Markets ETF 23.5 44 -31 17.9 +7.6
FDEM Fidelity Targeted Emerging Markets Factor ETF 23.3 45 -32 11.8 +1.4
EMMF WisdomTree Emerging Markets Multifactor Fund 22.3 48 -35 11.9 +1.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 21.1 40 -27 9.0 -1.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 20.3 86 -73 3.4 -6.9
ECON Columbia Emerging Markets Consumer ETF 19.8 59 -46 5.8 -4.6
FXI iShares China Large-Cap ETF 19.7 74 -61 14.5 +4.1
ACWX iShares MSCI ACWI ex U.S. ETF 19.7 32 -19 9.4 -1.0
FDNI First Trust Dow Jones International Internet ETF 19.7 65 -52 4.2 -6.1
VEU Vanguard FTSE All-World ex-US Index Fund 19.7 8 5 9.6 -0.7
VSGX Vanguard ESG International Stock ETF 19.7 17 -4 9.1 -1.3
IXUS ishares Core MSCI Total International Stock ETF 19.6 9 4 9.5 -0.9
VYMI Vanguard International High Dividend Yield ETF 19.5 32 -19 12.3 +1.9
VXUS Vanguard Total International Stock Index Fund 19.3 8 5 9.6 -0.7
KWEB KraneShares CSI China Internet ETF 19.1 76 -63 4.4 -5.9
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 19.0 45 -32 11.9 +1.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 18.7 29 -16 12.5 +2.1
TTTN UP Fintech China-U.S. Internet Titans ETF 18.1 59 -46 6.4 -4.0
DEM WisdomTree Emerging Markets High Dividend Fund 16.8 63 -50 16.6 +6.2
JOYY Infusive Compounding Global Equities ETF 16.8 50 -37 5.1 -5.3
BICK First Trust BICK Index Fund 16.2 64 -51 6.4 -4.0
CWI SPDR MSCI ACWI ex-US ETF 16.0 30 -17 9.3 -1.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 14.7 20 -7 12.7 +2.3
XCEM Columbia EM Core ex-China ETF 14.5 16 -3 9.6 -0.7
PIE Invesco DWA Emerging Markets Momentum ETF 14.3 90 -77 6.9 -3.5
OGIG O'Shares Global Internet Giants ETF 14.3 48 -35 1.1 -9.2
EEMO Invesco S&P Emerging Markets Momentum ETF 13.8 30 -17 12.3 +1.9
FLTW Franklin FTSE Taiwan ETF 13.6 19 -6 8.1 -2.3
EWT iShares MSCI Taiwan ETF 13.3 59 -46 7.7 -2.7
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 13.1 45 -32 16.3 +5.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 13.0 60 -47 10.1 -0.3
VIGI Vanguard International Dividend Appreciation ETF 13.0 25 -12 7.1 -3.3
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 12.7 80 -67 2.2 -8.2
DINT Davis Select International ETF 12.7 75 -62 7.9 -2.5
CHIQ Global X China Consumer ETF 12.6 65 -52 12.1 +1.7
EMFM Global X MSCI Next Emerging & Frontier ETF 12.6 55 -42 10.3 -0.0
FNI First Trust Chindia ETF 12.3 59 -46 4.6 -5.7
PGJ Invesco Golden Dragon China ETF 12.3 70 -57 4.5 -5.9
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 12.1 18 -5 7.3 -3.0
BUYZ Franklin Disruptive Commerce ETF 12.0 50 -37 0.3 -10.1
LVHE Legg Mason Emerging Markets Low Volatility High Dividend ETF 11.3 51 -38 13.5 +3.2
GBUY Goldman Sachs Motif New Age Consumer ETF 11.3 50 -37 3.7 -6.6
EDIV SPDR S&P Emerging Markets Dividend ETF 11.2 49 -36 13.4 +3.1
FEM First Trust Emerging Markets AlphaDEX Fund 11.1 80 -67 14.6 +4.2
DWLD Davis Select Worldwide ETF 10.8 64 -51 8.9 -1.5
PNQI Invesco NASDAQ Internet ETF 10.7 62 -49 3.2 -7.2
ACWF iShares FactorSelect MSCI Global ETF 10.0 35 -22 10.1 -0.3
CQQQ Invesco China Technology ETF 9.9 70 -57 5.0 -5.3
CHIC Global X Nasdaq China Technology ETF 9.7 65 -52 4.8 -5.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 9.5 20 -7 8.1 -2.2
ACWV iShares Edge MSCI Min Vol Global ETF 9.3 20 -7 6.7 -3.6
LOWC SPDR MSCI ACWI Low Carbon Target ETF 9.2 20 -7 8.1 -2.3

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 13.0 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 10.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.42 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.