Schwab Emerging Markets Equity ETF
ALTAR
Score™
8.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
16.1x P/Sales
ratio
1.4x
P/BV
ratio
1.6x Div.
yield
2.6%


  • 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) $6,996
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 1510
Wgt avg mkt cap (mns) $160,715
Large cap (>$10bn) 70.8%
Mid cap ($2-10bn) 23.3%
Small cap (<$2bn) 3.0%
Developed mkts 9.6%
Emerging mkts 87.2%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 8.4 %
TENCENT HOLDINGS LTD 6.5 %
TAIWAN SEMICONDUCTOR MANUFAC 6.2 %
MEITUAN DIANPING 1.9 %
RELIANCE INDUSTRIES LTD 1.6 %
NASPERS LTD-N SHS 1.3 %
JD.COM INC-ADR 1.2 %
CHINA CONSTRUCTION BANK-H 1.1 %
PING AN INSURANCE GROUP CO-H 1.0 %
INFOSYS TECHNOLOGIES LTD 0.9 %
Total 29.9 %

TOP COUNTRY EXPOSURE
CHINA 40.9 %
TAIWAN 14.3 %
INDIA 10.3 %
BRAZIL 5.3 %
HONG KONG 4.1 %
SOUTH AFRICA 3.9 %
SAUDI ARABIA 3.4 %
THAILAND 2.2 %
MALAYSIA 2.2 %
MEXICO 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.5% 12.7% 8.2% 3.5% 3.9%

Market Correlations
versus... Beta R-squared
S&P500 0.87 63%
MSCI EAFE 1.04 76%
MSCI Emg. Mkts. 0.92 94%

Technical Indicators
Recent close $26.36
30d moving avg. $27.01
Annualized volatility 19.2%
Short interest (ETF) 0.2%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 1,245
Turnover 0.5%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $19,801

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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 79.8 68 -57 7.6 -0.6
VWO Vanguard FTSE Emerging Markets ETF 79.7 10 1 8.2 +0.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 77.1 65 -54 7.6 -0.6
PBEE Invesco PureBeta FTSE Emerging Markets ETF 76.6 15 -4 8.9 +0.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 75.8 36 -25 7.7 -0.5
IEMG iShares Core MSCI Emerging Markets ETF 73.9 13 -2 8.1 -0.1
FLAX Franklin FTSE Asia Ex Japan ETF 73.0 19 -8 7.9 -0.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 69.7 68 -57 7.2 -0.9
EEMA iShares MSCI Emerging Markets Asia ETF 68.3 50 -39 7.8 -0.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 66.4 30 -19 7.9 -0.2
SPEM SPDR Portfolio Emerging Markets ETF 64.9 11 0 8.1 -0.0
JHEM John Hancock Multifactor Emerging Markets ETF 60.6 49 -38 8.8 +0.6
GMF SPDR S&P Emerging Asia Pacific ETF 57.5 49 -38 7.5 -0.6
BKEM BNY Mellon Emerging Markets Equity ETF 57.4 11 0 8.6 +0.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 56.6 45 -34 7.7 -0.4
BKF iShares MSCI BRIC ETF 56.5 69 -58 7.7 -0.4
ESGE iShares ESG MSCI EM ETF 56.3 25 -14 8.8 +0.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 54.5 32 -21 6.0 -2.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 53.5 20 -9 7.0 -1.2
PXH Invesco FTSE RAFI Emerging Markets ETF 49.4 50 -39 13.9 +5.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 46.2 59 -48 11.4 +3.2
FLCH Franklin FTSE China ETF 44.6 19 -8 8.6 +0.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 44.2 30 -19 9.0 +0.8
MCHI iShares MSCI China ETF 43.6 59 -48 8.1 -0.1
GXC SPDR S&P China ETF 43.0 59 -48 8.3 +0.2
AVEM Avantis Emerging Markets Equity ETF 42.8 33 -22 9.1 +1.0
DVEM WisdomTree Emerging Markets Dividend Fund 41.9 32 -21 7.4 -0.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 41.4 39 -28 13.5 +5.4
NUEM Nuveen ESG Emerging Markets Equity ETF 39.9 45 -34 7.1 -1.1
EEMO Invesco S&P Emerging Markets Momentum ETF 38.4 29 -18 6.5 -1.6
KALL KraneShares FTSE Emerging Markets Plus ETF 38.3 49 -38 8.3 +0.1
CN Xtrackers MSCI All China Equity ETF 38.0 50 -39 8.4 +0.3
EMXC iShares MSCI Emerging Markets ex China ETF 35.9 25 -14 8.3 +0.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 35.5 40 -29 7.4 -0.7
ISEM Invesco Strategic Emerging Markets ETF 35.4 35 -24 11.1 +2.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 35.3 49 -38 8.1 -0.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 34.8 95 -84 8.4 +0.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 34.4 44 -33 9.2 +1.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 32.2 49 -38 7.9 -0.3
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 31.0 50 -39 10.7 +2.5
CHIL Global X MSCI China Large-Cap 50 ETF 30.1 29 -18 8.0 -0.2
FDEM Fidelity Targeted Emerging Markets Factor ETF 29.8 45 -34 8.8 +0.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 29.7 32 -21 6.1 -2.1
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 29.4 25 -14 8.1 -0.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 27.7 32 -21 9.2 +1.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 26.6 16 -5 6.9 -1.3
EMMF WisdomTree Emerging Markets Multifactor Fund 25.2 48 -37 9.7 +1.5
VSGX Vanguard ESG International Stock ETF 24.1 17 -6 7.1 -1.1
VYMI Vanguard International High Dividend Yield ETF 24.0 27 -16 10.3 +2.2
RNEM Emerging Markets Equity Select ETF 23.6 75 -64 12.4 +4.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 23.2 40 -29 7.1 -1.1
AIA iShares Asia 50 ETF 23.0 50 -39 8.2 +0.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 22.5 86 -75 2.3 -5.9
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 22.2 45 -34 9.2 +1.1
KWEB KraneShares CSI China Internet ETF 21.5 76 -65 2.0 -6.2
ACWX iShares MSCI ACWI ex U.S. ETF 21.4 32 -21 7.3 -0.9
IXUS ishares Core MSCI Total International Stock ETF 21.4 9 2 7.4 -0.8
FDNI First Trust Dow Jones International Internet ETF 21.3 65 -54 2.2 -6.0
ECON Columbia Emerging Markets Consumer ETF 21.2 59 -48 4.6 -3.5
VEU Vanguard FTSE All-World ex-US Index Fund 21.0 8 3 7.6 -0.6
ROAM Hartford Multifactor Emerging Markets ETF 20.9 44 -33 13.4 +5.2
VXUS Vanguard Total International Stock Index Fund 20.1 8 3 7.5 -0.6
TTTN UP Fintech China-U.S. Internet Titans ETF 19.3 59 -48 4.3 -3.9
CWI SPDR MSCI ACWI ex-US ETF 17.6 30 -19 7.2 -1.0
FXI iShares China Large-Cap ETF 17.6 74 -63 14.0 +5.9
PIE Invesco DWA Emerging Markets Momentum ETF 17.4 90 -79 5.0 -3.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 17.4 29 -18 10.2 +2.1
CHIQ Global X China Consumer ETF 15.5 65 -54 7.4 -0.7
XCEM Columbia EM Core ex-China ETF 15.4 16 -5 7.4 -0.7
FLTW Franklin FTSE Taiwan ETF 14.3 19 -8 6.4 -1.8
OGIG O'Shares Global Internet Giants ETF 14.3 48 -37 0.8 -7.4
VIGI Vanguard International Dividend Appreciation ETF 14.2 20 -9 5.5 -2.6
BICK First Trust BICK Index Fund 14.2 64 -53 4.6 -3.5
EWT iShares MSCI Taiwan ETF 13.9 59 -48 6.1 -2.0
PEK VanEck Vectors ChinaAMC CSI 300 ETF 13.7 60 -49 7.2 -0.9
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 13.7 18 -7 5.5 -2.7
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 13.6 45 -34 14.7 +6.6
DINT Davis Select International ETF 13.1 68 -57 6.1 -2.1
WUGI Esoterica NextG Economy ETF 13.0 75 -64 1.6 -6.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 13.0 20 -9 11.5 +3.3
PGJ Invesco Golden Dragon China ETF 12.9 70 -59 3.3 -4.8
FNI First Trust Chindia ETF 12.8 60 -49 2.6 -5.5
DEM WisdomTree Emerging Markets High Dividend Fund 12.1 63 -52 15.4 +7.2
EMFM Global X MSCI Next Emerging & Frontier ETF 12.0 66 -55 9.1 +1.0
GBUY Goldman Sachs Motif New Age Consumer ETF 12.0 50 -39 1.8 -6.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 11.5 60 -49 9.2 +1.0
DWLD Davis Select Worldwide ETF 11.3 63 -52 6.7 -1.5
PNQI Invesco NASDAQ Internet ETF 11.2 60 -49 1.0 -7.2
CQQQ Invesco China Technology ETF 10.6 70 -59 4.1 -4.1
JOYY Infusive Compounding Global Equities ETF 10.4 50 -39 6.1 -2.1
FLIN Franklin FTSE India ETF 10.3 19 -8 5.6 -2.5
BUYZ Franklin Disruptive Commerce ETF 10.2 50 -39 -0.2 -8.3
GIGE SoFi Gig Economy ETF 9.7 59 -48 -0.7 -8.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 9.6 20 -9 6.4 -1.8
EPI WisdomTree India Earnings Fund 9.6 84 -73 8.4 +0.3
FEM First Trust Emerging Markets AlphaDEX Fund 9.3 80 -69 14.2 +6.1
INDA iShares MSCI India ETF 9.3 69 -58 5.3 -2.8
PIN Invesco India ETF 9.3 78 -67 5.7 -2.5
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 9.3 60 -49 4.5 -3.7

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

  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 12.8 %
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
1.40 CATEGORY
AVERAGE
1.44
 
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.