Schwab U.S. Large-Cap Growth ETF
ALTAR
Score™		 5.5% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 22.7x P/Sales
ratio		 2.7x
P/BV
ratio		 4.0x Div.
yield		 1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Schwab U.S. Large-Cap Growth 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 Dow Jones U.S. Large-Cap Growth Total Stock Market Index.

FUND BASICS
Category US Equities
Fund Sponsor Charles Schwab Investment Management Inc
Website www.schwab.com/etf
Inception date Dec 11, 2009
Assets (mns) $7,893
Currency USD
Expense ratio 4 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 349
Wgt avg mkt cap (mns) $406,764
Large cap (>$10bn) 94.3%
Mid cap ($2-10bn) 5.6%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 9.6 %
APPLE INC 8.4 %
AMAZON.COM INC 6.4 %
FACEBOOK 3.2 %
BERKSHIRE HATHAWAY INC-CL B 2.8 %
ALPHABET INC. CLASS A 2.8 %
ALPHABET INC. CLASS C 2.8 %
VISA INC-CLASS A SHARES 2.2 %
UNITEDHEALTH GROUP INC 1.9 %
MASTERCARD INC-CLASS A 1.7 %
Total 41.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.0 %
BRITAIN 1.4 %
IRELAND 1.0 %
BERMUDA 0.3 %







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.
-14.1% 1.2% 9.3% 12.5% 12.8%

Market Correlations
versus... Beta R-squared
S&P500 0.98 95%
MSCI EAFE 0.88 74%
MSCI Emg. Mkts. 0.65 60%

Technical Indicators
Recent close $79.65
30d moving avg. $85.52
Annualized volatility 15.3%
Short interest (ETF) 0.1%
Short interest (Underlying) 2.9%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 1,225
Turnover 1.2%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $223,753

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Schwab U.S. Large-Cap Growth ETF ETF based on the alternatives' overlap in portfolio holdings with SCHG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SCHG Expense: 4 bp ALTAR Score™: 5.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SCHG
Ticker Fund
Name		 Overlap1
vs SCHG
(%)		 Expense
ratio
(bp)		 Savings
vs SCHG
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs SCHG
(%)
VUG Vanguard Growth Index Fund 80.1 4 0 5.4 -0.1
VONG Vanguard Russell 1000 Growth Index Fund 76.4 8 -4 5.6 +0.2
IWF iShares Russell 1000 Growth ETF 76.1 19 -15 5.5 +0.0
IUSG iShares Core S&P US Growth ETF 72.2 4 0 5.7 +0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 71.9 4 0 5.6 +0.2
VOOG Vanguard S&P 500 Growth ETF 71.9 10 -6 5.6 +0.1
IVW iShares S&P 500 Growth ETF 71.9 18 -14 5.5 +0.0
MGK Vanguard Mega Cap Growth ETF 69.3 7 -3 5.5 +0.0
IWY iShares Russell Top 200 Growth ETF 65.9 20 -16 5.4 -0.1
TMFC Motley Fool 100 Index ETF 65.1 50 -46 4.9 -0.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 62.3 60 -56 5.8 +0.3
HSPX Global X S&P 500 Covered Call ETF 58.3 65 -61 6.3 +0.9
IETC iShares Evolved U.S. Technology ETF 57.6 18 -14 5.2 -0.2
PBP Invesco S&P 500 BuyWrite ETF 57.5 49 -45 6.5 +1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 57.4 12 -8 6.5 +1.1
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 57.2 21 -17 4.2 -1.2
SFY SoFi Select 500 ETF 57.0 0 4 6.5 +1.0
IQSU IQ Candriam ESG US Equity ETF 56.7 9 -5 6.5 +1.1
SPXN ProShares S&P 500 Ex-Financials ETF 55.6 27 -23 6.5 +1.0
IWL iShares Russell Top 200 ETF 55.4 15 -11 6.5 +1.0
SPXV ProShares S&P 500 Ex-Health Care ETF 54.9 27 -23 6.6 +1.2
SPXE ProShares S&P 500 Ex-Energy ETF 54.6 27 -23 6.8 +1.4
IGM iShares North American Tech ETF 54.6 46 -42 5.1 -0.3
MGC Vanguard Mega Cap Index Fund 54.5 7 -3 6.7 +1.2
ESGV Vanguard ESG U.S. Stock ETF 54.4 12 -8 6.8 +1.3
VV Vanguard Large-Cap Index Fund 54.3 4 0 6.8 +1.3
SCHX Schwab U.S. Large-Cap ETF 54.3 3 1 6.9 +1.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 54.1 20 -16 6.9 +1.4
VEGN US Vegan Climate ETF 54.0 60 -56 6.9 +1.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 53.9 2 2 6.9 +1.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 53.6 75 -71 4.9 -0.6
VONE Vanguard Russell 1000 ETF 53.5 8 -4 6.9 +1.4
SPY SPDR S&P 500 ETF Trust 53.4 9 -5 6.9 +1.4
SPLG SPDR Portfolio Large Cap ETF 53.3 3 1 7.0 +1.5
VOO VANGUARD S&P 500 ETF 53.3 3 1 6.9 +1.5
XLG Invesco S&P 500 Top 50 ETF 53.3 20 -16 5.8 +0.4
IVV iShares Core S&P 500 ETF 53.3 4 0 6.9 +1.5
JKE iShares Morningstar Large-Cap Growth ETF 53.2 25 -21 4.5 -0.9
CATH Global X S&P 500 Catholic Values Custom ETF 53.1 29 -25 6.8 +1.3
PBUS Invesco PureBeta MSCI USA ETF 52.9 4 0 6.9 +1.5
IWB iShares Russell 1000 ETF 52.9 15 -11 6.8 +1.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 52.7 20 -16 6.5 +1.0
OEF iShares S&P 100 ETF 52.7 20 -16 6.2 +0.8
SCHK Schwab 1000 Index ETF 52.5 5 -1 6.9 +1.4
IYY iShares Dow Jones U.S. ETF 52.1 20 -16 6.8 +1.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 51.7 49 -45 5.3 -0.1
QQQ Invesco QQQ Trust 51.6 20 -16 5.2 -0.2
QYLD Global X NASDAQ 100 Covered Call ETF 51.6 60 -56 4.8 -0.6
NUSI Nationwide Risk-Managed Income ETF 51.6 68 -64 4.8 -0.7
SNPE Xtrackers S&P 500 ESG ETF 50.7 11 -7 6.7 +1.2
DSI iShares MSCI KLD 400 Social ETF 50.7 25 -21 6.6 +1.1
SPTM SPDR Portfolio Total Stock Market ETF 50.5 3 1 7.1 +1.6
VTHR Vanguard Russell 3000 Index Fund 50.5 10 -6 6.8 +1.3
SCHB Schwab U.S. Broad Market ETF 50.1 3 1 6.9 +1.4
VTI Vanguard Total Stock Market Index Fund 49.9 3 1 6.8 +1.3
IWV iShares Russell 3000 ETF 49.9 20 -16 6.7 +1.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 49.8 3 1 6.8 +1.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 48.5 9 -5 7.1 +1.6
ESGU iShares MSCI USA ESG Optimized ETF 47.4 15 -11 6.5 +1.1
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 47.4 29 -25 5.5 +0.0
JHML John Hancock Multifactor Large Cap ETF 47.3 34 -30 7.2 +1.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 46.7 10 -6 6.8 +1.3
SUSL iShares ESG MSCI USA Leaders ETF 46.7 10 -6 6.8 +1.3
SPXT ProShares S&P 500 Ex-Technology ETF 44.9 27 -23 7.2 +1.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 43.5 15 -11 6.7 +1.2
ESG FlexShares STOXX US ESG Impact Index Fund 42.5 32 -28 6.6 +1.1
FDMO Fidelity Momentum Factor ETF 42.3 29 -25 5.4 -0.1
JMOM JPMorgan U.S. Momentum Factor ETF 42.3 12 -8 5.0 -0.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 41.0 19 -15 7.4 +1.9
NACP Impact Shares NAACP Minority Empowerment ETF 40.9 75 -71 6.0 +0.6
RECS Columbia Research Enhanced Core ETF 40.9 15 -11 7.3 +1.8
AVUS Avantis U.S. Equity ETF 40.9 15 -11 7.8 +2.3
WOMN Impact Shares YWCA Women's Empowerment ETF 40.6 75 -71 6.1 +0.6
LRGE ClearBridge Large Cap Growth ESG ETF 40.6 60 -56 5.3 -0.2
IUS Invesco Strategic US ETF 40.5 19 -15 7.7 +2.3
EPS WisdomTree U.S. Earnings 500 Fund 39.6 8 -4 8.3 +2.8
QUS SPDR MSCI USA StrategicFactors ETF 39.4 15 -11 7.1 +1.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 39.0 25 -21 8.3 +2.8
TOK iShares MSCI Kokusai ETF 37.8 25 -21 7.2 +1.7
EXT WisdomTree U.S. Total Earnings Fund 37.5 28 -24 7.4 +2.0
IYW iShares U.S. Technology ETF 37.4 42 -38 5.4 -0.1
SYG SPDR MFS Systematic Growth Equity ETF 37.3 60 -56 6.2 +0.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 36.9 30 -26 7.8 +2.3
FDLO Fidelity Low Volatility Factor ETF 36.4 29 -25 6.4 +0.9
VGT Vanguard Information Technology Index Fund 36.3 10 -6 6.0 +0.6
FTEC Fidelity MSCI Information Technology Index ETF 36.3 8 -4 6.0 +0.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 35.9 12 -8 6.2 +0.7
TECB iShares US Tech Breakthrough Multisector ETF 35.7 40 -36 5.3 -0.2
CACG ClearBridge All Cap Growth ETF 35.6 54 -50 5.5 +0.0
FQAL Fidelity Quality Factor ETF 35.5 29 -25 6.9 +1.4
ADME Aptus Drawdown Managed Equity ETF 35.1 81 -77 5.3 -0.2
URTH iShares MSCI World ETF 34.2 24 -20 7.3 +1.8
JQUA JPMorgan U.S. Quality Factor ETF 34.2 12 -8 6.5 +1.0
XLK Technology Select Sector SPDR Fund 33.7 13 -9 6.1 +0.7
IXN iShares Global Tech ETF 33.7 46 -42 6.0 +0.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 32.7 9 -5 7.8 +2.3
PWB Invesco Dynamic Large Cap Growth ETF 32.4 55 -51 4.5 -1.0
RWL Invesco S&P 500 Revenue ETF 32.0 39 -35 8.9 +3.5
SIZE iShares Edge MSCI USA Size Factor ETF 31.9 15 -11 8.0 +2.5
IOO iShares Global 100 ETF 31.8 40 -36 6.0 +0.6

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 U.S. Large-Cap Growth ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 21.0 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.33 CATEGORY
AVERAGE		 1.51
 
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.