Schwab International Equity ETF
ALTAR
Score™		 6.5% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 23.1x P/Sales
ratio		 1.4x
P/BV
ratio		 1.6x Div.
yield		 2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Schwab International Equity 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 Developed ex-U.S. Index.

FUND BASICS
Category International Equities
Fund Sponsor Charles Schwab Investment Management Inc
Website www.schwab.com/etf
Inception date Nov 03, 2009
Assets (mns) $24,213
Currency USD
Expense ratio 6 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 1501
Wgt avg mkt cap (mns) $73,461
Large cap (>$10bn) 83.8%
Mid cap ($2-10bn) 14.4%
Small cap (<$2bn) 0.9%
Developed mkts 94.0%
Emerging mkts 6.0%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 1.9 %
NESTLE SA-REG 1.6 %
ROCHE HOLDING AG-GENUSSCHEIN 1.3 %
ASML HOLDING NV 1.1 %
NOVARTIS AG-REG 1.1 %
TOYOTA MOTOR CORP 0.9 %
AIA GROUP LTD 0.8 %
LVMH MOET HENNESSY LOUIS VUI 0.8 %
SAP AG 0.7 %
ASTRAZENECA PLC 0.7 %
Total 10.8 %

TOP COUNTRY EXPOSURE
JAPAN 22.6 %
BRITAIN 11.4 %
SWITZERLAND 8.2 %
FRANCE 7.9 %
GERMANY 7.7 %
CANADA 7.3 %
AUSTRALIA 6.3 %
SOUTH KOREA 5.7 %
NETHERLANDS 3.9 %
SWEDEN 2.9 %

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.
9.5% 9.5% 8.3% 5.4% 5.8%

Market Correlations
versus... Beta R-squared
S&P500 0.88 83%
MSCI EAFE 0.96 98%
MSCI Emg. Mkts. 0.76 78%

Technical Indicators
Recent close $37.17
30d moving avg. $36.40
Annualized volatility 18.2%
Short interest (ETF) 0.2%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 2,736
Turnover 0.4%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $89,568

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the Schwab International Equity ETF ETF based on the alternatives' overlap in portfolio holdings with SCHF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SCHF Expense: 6 bp ALTAR Score™: 6.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SCHF
Ticker Fund
Name		 Overlap1
vs SCHF
(%)		 Expense
ratio
(bp)		 Savings
vs SCHF
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs SCHF
(%)
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 90.5 7 -1 6.5 +0.0
VEA Vanguard FTSE Developed Markets ETF 86.4 5 1 6.6 +0.0
IDEV iShares Core MSCI International Developed Markets ETF 83.9 5 1 6.5 -0.1
IEFA iShares Core MSCI EAFE ETF 83.0 7 -1 6.5 -0.0
HFXI IQ 50 Percent Hedged FTSE International ETF 82.9 20 -14 6.4 -0.1
DFAI Dimensional International Core Equity Market ETF 81.5 18 -12 6.4 -0.1
SPDW SPDR Portfolio Developed World ex-US ETF 80.4 4 2 6.2 -0.3
EFA iShares MSCI EAFE ETF 79.3 32 -26 6.2 -0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 79.2 35 -29 6.1 -0.5
GSID Goldman Sachs MarketBeta International Equity ETF 78.0 20 -14 6.3 -0.2
BKIE BNY Mellon International Equity ETF 77.6 4 2 6.6 +0.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 73.5 20 -14 6.4 -0.1
ACWX iShares MSCI ACWI ex U.S. ETF 70.1 32 -26 6.3 -0.2
VEU Vanguard FTSE All-World ex-US Index Fund 69.8 8 -2 6.7 +0.2
VSGX Vanguard ESG International Stock ETF 69.4 17 -11 6.3 -0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 68.5 40 -34 6.1 -0.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 67.6 45 -39 7.7 +1.2
JHMD John Hancock Multifactor Developed International ETF 64.9 39 -33 6.6 +0.1
CWI SPDR MSCI ACWI ex-US ETF 63.8 30 -24 6.2 -0.4
IXUS ishares Core MSCI Total International Stock ETF 63.6 9 -3 6.4 -0.1
FNDF Schwab Fundamental International Large Co. Index ETF 63.5 25 -19 7.7 +1.2
ESGD iShares MSCI EAFE ESG Optimized ETF 63.2 20 -14 6.2 -0.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 62.1 25 -19 6.0 -0.5
PDEV Principal International Multi-Factor Core Index ETF 59.7 25 -19 7.1 +0.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 59.5 39 -33 7.4 +0.9
IQSI IQ Candriam ESG International Equity ETF 59.2 15 -9 6.4 -0.1
QEFA SPDR MSCI EAFE Quality Mix ETF 57.6 30 -24 6.0 -0.6
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 55.8 35 -29 6.0 -0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 55.2 39 -33 5.6 -1.0
VXUS Vanguard Total International Stock ETF 53.1 8 -2 6.6 +0.1
FLEH Franklin FTSE Europe Hedged ETF 51.4 9 -3 6.5 -0.0
FLEE Franklin FTSE Europe ETF 51.4 9 -3 6.5 -0.1
VGK Vanguard FTSE Europe ETF 50.8 8 -2 6.8 +0.3
AVDE Avantis International Equity ETF 50.8 23 -17 6.9 +0.4
SPEU SPDR Portfolio Europe ETF 50.7 9 -3 6.8 +0.3
IEUR iShares Core MSCI Europe ETF 50.6 9 -3 6.6 +0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 50.6 40 -34 7.2 +0.7
CIL VictoryShares International Volatility Weighted Index ETF 50.2 45 -39 6.4 -0.2
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 50.1 45 -39 6.4 -0.2
ISDX Invesco RAFI Strategic Developed ex-US ETF 49.8 23 -17 6.3 -0.2
DWM WisdomTree International Equity Fund 49.6 48 -42 7.2 +0.7
ISZE iShares Edge MSCI Intl Size Factor ETF 49.4 30 -24 6.3 -0.2
BBEU JPMorgan BetaBuilders Europe ETF 48.9 9 -3 6.7 +0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 48.7 45 -39 6.0 -0.5
IEV iShares Europe ETF 46.8 59 -53 6.3 -0.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 45.1 16 -10 6.0 -0.6
IQIN IQ 500 International ETF 44.5 25 -19 7.7 +1.2
DOL WisdomTree International LargeCap Dividend Fund 44.4 48 -42 7.2 +0.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 44.1 25 -19 5.9 -0.6
EFV iShares MSCI EAFE Value ETF 43.0 39 -33 8.4 +1.9
DMXF iShares ESG Advanced MSCI EAFE ETF 42.5 12 -6 6.2 -0.3
EFG iShares MSCI EAFE Growth ETF 42.3 40 -34 4.1 -2.5
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 40.0 24 -18 6.5 0.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 39.6 14 -8 6.1 -0.4
VPL Vanguard FTSE Pacific ETF 39.2 8 -2 6.4 -0.1
TPIF Timothy Plan International ETF 37.2 62 -56 6.1 -0.5
VYMI Vanguard International High Dividend Yield ETF 37.1 27 -21 9.0 +2.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 34.9 29 -23 7.1 +0.6
RNDM First Trust Developed International Equity Select ETF 34.8 65 -59 5.7 -0.8
ESGG FlexShares STOXX Global ESG Impact Index Fund 34.8 42 -36 4.6 -1.9
RESD WisdomTree International ESG Fund 34.5 30 -24 6.5 -0.1
URTH iShares MSCI World ETF 32.9 24 -18 5.0 -1.6
QWLD SPDR MSCI World StrategicFactors ETF 32.9 30 -24 5.4 -1.2
IDLB Invesco FTSE International Low Beta Equal Weight ETF 32.2 45 -39 6.1 -0.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 32.2 30 -24 5.2 -1.3
IPAC iShares Core MSCI Pacific ETF 31.9 9 -3 6.3 -0.2
IMTM iShares Edge MSCI Intl Momentum Factor ETF 30.9 30 -24 4.1 -2.4
ACWI iShares MSCI ACWI ETF 30.4 32 -26 5.0 -1.5
RBIN Nationwide Risk-Based International Equity ETF 30.0 42 -36 6.0 -0.5
IVLU iShares Edge MSCI Intl Value Factor ETF 29.6 30 -24 10.0 +3.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 29.4 20 -14 5.3 -1.2
LOWC SPDR MSCI ACWI Low Carbon Target ETF 29.3 20 -14 5.3 -1.2
JPIN JPMorgan Diversified Return International Equity ETF 28.7 37 -31 7.0 +0.5
VT Vanguard Total World Stock ETF 28.0 8 -2 5.3 -1.2
TOK iShares MSCI Kokusai ETF 27.3 25 -19 4.9 -1.7
KOKU Xtrackers MSCI Kokusai Equity ETF 26.9 9 -3 5.0 -1.5
QINT American Century Quality Diversified International ETF 26.9 39 -33 5.7 -0.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 26.8 29 -23 7.3 +0.8
EFAV iShares Edge MSCI Min Vol EAFE ETF 25.9 20 -14 5.0 -1.6
VWID Virtus WMC International Dividend ETF 25.8 49 -43 7.4 +0.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 25.7 45 -39 6.0 -0.5
NUDM Nuveen ESG International Developed Markets Equity ETF 25.2 40 -34 5.9 -0.6
EZU iShares MSCI Eurozone ETF 25.0 51 -45 6.0 -0.5
EURZ Xtrackers Eurozone Equity ETF 24.9 9 -3 6.6 +0.1
FDEV Fidelity Targeted International Factor ETF 24.7 39 -33 6.2 -0.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 24.3 9 -3 5.1 -1.4
UIVM VictoryShares USAA MSCI International Value Momentum ETF 23.4 35 -29 7.7 +1.2
FLJP Franklin FTSE Japan ETF 22.6 9 -3 6.5 +0.0
FLJH Franklin FTSE Japan Hedged ETF 22.6 9 -3 6.5 -0.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 22.4 32 -26 5.7 -0.9
DEW WisdomTree Global High Dividend Fund 22.1 58 -52 8.8 +2.3
IOO iShares Global 100 ETF 22.1 40 -34 4.2 -2.3
FIVA Fidelity International Value Factor ETF 22.0 39 -33 8.8 +2.3
EUDG WisdomTree Europe Quality Dividend Growth Fund 21.3 58 -52 6.5 -0.1
BBJP JPMorgan BetaBuilders Japan ETF 21.3 19 -13 6.4 -0.2
IGRO iShares International Dividend Growth ETF 21.1 15 -9 7.0 +0.5
IDHQ Invesco S&P International Developed Quality ETF 21.1 29 -23 4.7 -1.8

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 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 10.2 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 6 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 CATEGORY
AVERAGE		 1.54
 
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.