Schwab U.S. Mid-Cap ETF
ALTAR
Score™
6.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
25.5x P/Sales
ratio
1.6x
P/BV
ratio
2.1x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Schwab US Mid-Cap ETF seeks to track the performance of the Dow Jones US Mid-Cap Total Stock Market Index.

FUND BASICS
Category US Equities
Fund Sponsor Charles Schwab Investment Mana
Website www.schwabetfs.com
Inception date Jan 13, 2011
Assets (mns) $6,127
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 506
Wgt avg mkt cap (mns) $8,359
Large cap (>$10bn) 31.2%
Mid cap ($2-10bn) 68.0%
Small cap (<$2bn) 0.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DOCUSIGN, INC. 0.9 %
RINGCENTRAL, INC. CLASS A 0.8 %
COUPA SOFTWARE, INC. 0.7 %
ALNYLAM PHARMACEUTICALS INC 0.6 %
WEST PHARMACEUTICAL SERVICES 0.6 %
TELADOC INC 0.6 %
OLD DOMINION FREIGHT LINE 0.6 %
TRACTOR SUPPLY COMPANY 0.6 %
DOMINO'S PIZZA INC 0.5 %
WAYFAIR INC- CLASS A 0.5 %
Total 6.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.2 %
IRELAND 1.8 %
BERMUDA 1.2 %
BRITAIN 1.1 %
CAYMAN ISLANDS 0.2 %
PUERTO RICO 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-11.8% -6.3% 5.9% -- 8.9%

Market Correlations
versus... Beta R-squared
S&P500 1.24 93%
MSCI EAFE 1.25 82%
MSCI Emg. Mkts. 0.89 66%

Technical Indicators
Recent close $51.99
30d moving avg. $53.05
Annualized volatility 21.8%
Short interest (ETF) 0.1%
Short interest (Underlying) 5.2%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 519
Turnover 0.4%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $60,659

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SCHM Expense: 4 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SCHM
Ticker Fund
Name
Overlap1
vs SCHM
(%)
Expense
ratio
(bp)
Savings
vs SCHM
(bp)
ALTAR
Score™
(%)
ALTAR
vs SCHM
(%)
VB Vanguard Small-Cap ETF 55.0 5 -1 5.5 -0.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 52.9 7 -3 5.6 -0.8
JHMM John Hancock Multifactor Mid Cap ETF 52.4 42 -38 5.9 -0.6
SFYX Sofi Next 500 ETF 52.4 0 4 6.1 -0.3
SMMD iShares Russell 2500 ETF 49.7 15 -11 5.6 -0.8
DON WisdomTree U.S. MidCap Dividend Fund 44.6 38 -34 7.8 +1.4
FSMD Fidelity Small-Mid Factor ETF 43.0 29 -25 7.2 +0.8
FNX First Trust Mid Cap Core AlphaDEX Fund 42.7 61 -57 6.6 +0.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 41.4 6 -2 5.5 -0.9
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 40.9 29 -25 6.8 +0.4
VXF Vanguard Extended Market Index Fund 40.2 7 -3 3.8 -2.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 40.1 24 -20 6.3 -0.1
IVOO Vanguard S&P Mid-Cap 400 ETF 39.9 10 -6 6.6 +0.2
SPMD SPDR Portfolio Mid Cap ETF 39.2 5 -1 6.8 +0.4
IJH iShares Core S&P Mid-Cap ETF 39.2 6 -2 6.8 +0.3
MDY SPDR S&P Midcap 400 ETF Trust 39.2 23 -19 6.6 +0.2
VBK Vanguard Small-Cap Growth Index Fund 39.0 7 -3 2.5 -3.9
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 38.2 17 -13 5.3 -1.1
IWS iShares Russell Mid-Cap Value ETF 37.8 24 -20 7.4 +1.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 37.7 20 -16 7.2 +0.7
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 37.6 20 -16 9.7 +3.3
RNMC Mid Cap US Equity Select ETF 37.6 60 -56 8.0 +1.5
TPLC Timothy Plan US Large Cap Core ETF 37.5 52 -48 5.6 -0.8
EQAL Invesco Russell 1000 Equal Weight ETF 37.3 20 -16 5.8 -0.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 37.2 4 0 5.8 -0.6
IWR iShares Russell Midcap ETF 37.2 19 -15 5.7 -0.7
EWMC Invesco S&P MidCap 400 Equal Weight ETF 36.9 40 -36 7.4 +1.0
EZM WisdomTree U.S. MidCap Earnings Fund 36.9 38 -34 9.4 +3.0
ONEO SPDR Russell 1000 Momentum Focus ETF 36.2 20 -16 6.6 +0.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 35.8 29 -25 10.0 +3.6
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 33.0 17 -13 6.5 +0.1
IWP iShares Russell Mid-Cap Growth ETF 32.8 24 -20 4.2 -2.2
SMDY Syntax Stratified MidCap ETF 32.5 30 -26 6.5 +0.1
AFMC First Trust Active Factor Mid Cap ETF 32.0 65 -61 6.4 +0.0
VBR Vanguard Small Cap Value Index Fund 30.9 7 -3 8.6 +2.2
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 30.9 15 -11 5.0 -1.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 30.9 35 -31 6.0 -0.4
MDYG SPDR S&P 400 Mid Cap Growth ETF 30.0 15 -11 5.1 -1.3
IJK iShares S&P Mid-Cap 400 Growth ETF 30.0 24 -20 5.0 -1.4
JKH iShares Morningstar Mid-Cap Growth ETF 29.7 30 -26 2.3 -4.1
SIZE iShares Edge MSCI USA Size Factor ETF 29.0 15 -11 6.4 -0.0
EUSA iShares MSCI USA Equal Weighted ETF 28.0 15 -11 6.3 -0.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 27.7 70 -66 2.2 -4.3
RWK Invesco S&P MidCap 400 Revenue ETF 27.4 39 -35 8.3 +1.8
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 26.6 35 -31 5.4 -1.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 26.1 66 -62 2.6 -3.9
TUSA First Trust Total US Market AlphaDEX ETF 26.0 70 -66 6.1 -0.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 25.0 25 -21 6.9 +0.5
SCHA Schwab U.S. Small-Cap ETF 24.8 4 0 4.8 -1.6
RVRS Reverse Cap Weighted U.S. Large Cap ETF 24.4 29 -25 8.3 +1.9
ONEY SPDR Russell 1000 Yield Focus ETF 23.9 20 -16 9.5 +3.1
IUSS Invesco Strategic US Small Company ETF 23.8 23 -19 5.6 -0.8
USMF WisdomTree U.S. Multifactor Fund 23.6 28 -24 5.5 -0.9
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 23.4 48 -44 5.9 -0.6
MDYV SPDR S&P 400 Mid Cap Value ETF 23.2 15 -11 8.9 +2.5
IJJ iShares S&P Mid-Cap 400 Value ETF 23.2 25 -21 8.8 +2.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 23.2 15 -11 8.8 +2.4
JKG iShares Morningstar Mid-Cap ETF 22.5 25 -21 5.6 -0.8
BKSE BNY Mellon US Small Cap Core Equity ETF 22.5 4 0 5.8 -0.6
FNK First Trust Mid Cap Value AlphaDEX Fund 22.1 70 -66 10.6 +4.2
FAB First Trust Multi Cap Value AlphaDEX Fund 22.0 71 -67 9.8 +3.4
VO Vanguard Mid-Cap Index Fund 21.7 4 0 5.5 -0.9
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 21.0 30 -26 6.0 -0.4
VFLQ Vanguard U.S. Liquidity Factor ETF 20.5 14 -10 4.8 -1.6
PVAL Principal Contrarian Value Index ETF 20.3 29 -25 10.4 +4.0
RSP Invesco S&P 500 Equal Weight ETF 19.9 20 -16 6.8 +0.4
RBUS Nationwide Risk-Based U.S. Equity ETF 19.8 30 -26 5.1 -1.3
NUSC Nuveen ESG Small-Cap ETF 19.5 40 -36 5.5 -0.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 19.3 18 -14 6.3 -0.1
LRGF iShares Edge MSCI Multifactor USA ETF 18.8 20 -16 7.4 +1.0
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 18.7 20 -16 7.7 +1.3
JMOM JPMorgan U.S. Momentum Factor ETF 18.6 12 -8 3.9 -2.5
VOE Vanguard Mid-Cap Value Index Fund 18.6 7 -3 8.0 +1.6
BFOR Barron's 400 ETF 18.5 65 -61 6.4 +0.0
IYJ iShares U.S. Industrials ETF 18.0 42 -38 6.0 -0.4
VFVA Vanguard U.S. Value Factor ETF 17.9 14 -10 11.7 +5.3
JHSC John Hancock Multifactor Small Cap ETF 17.8 42 -38 6.1 -0.4
JVAL JPMorgan U.S. Value Factor ETF 17.8 12 -8 8.8 +2.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 17.7 9 -5 5.9 -0.5
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 17.4 35 -31 6.0 -0.4
VFQY Vanguard U.S. Quality Factor ETF 17.3 13 -9 6.1 -0.3
ROUS Hartford Multifactor US Equity ETF 17.2 19 -15 7.4 +1.0
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 16.9 15 -11 6.9 +0.5
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 16.5 17 -13 6.6 +0.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 16.2 25 -21 6.7 +0.2
ETHO Etho Climate Leadership U.S. ETF 16.1 47 -43 4.4 -2.0
JHMI John Hancock Multifactor Industrials ETF 16.1 40 -36 6.1 -0.3
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 16.0 25 -21 7.9 +1.5
VALQ American Century STOXX U.S. Quality Value ETF 15.9 29 -25 9.2 +2.8
FEX First Trust Large Cap Core AlphaDEX Fund 15.7 60 -56 6.1 -0.3
VFMF Vanguard U.S. Multifactor ETF 15.5 19 -15 7.3 +0.9
VFMO Vanguard U.S. Momentum Factor ETF 15.4 13 -9 1.2 -5.3
JHMT John Hancock Multifactor Technology ETF 15.3 40 -36 5.0 -1.4
EXT WisdomTree U.S. Total Earnings Fund 15.3 28 -24 5.2 -1.2
FTC First Trust Large Cap Growth AlphaDEX Fund 14.9 61 -57 2.9 -3.5
VIS Vanguard Industrials Index Fund 14.5 10 -6 6.0 -0.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 14.4 39 -35 4.3 -2.1
JKI iShares Morningstar Mid-Cap Value ETF 14.3 30 -26 9.3 +2.9
FIDU Fidelity MSCI Industrials Index ETF 14.3 8 -4 6.1 -0.4
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 14.2 63 -59 7.2 +0.8

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 U.S. Mid-Cap 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 2.0 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.52
 
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.