Schwab US Mid Cap
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
18.6x P/Sales
ratio
1.7x
P/BV
ratio
2.4x 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) $6,654
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 505
Wgt avg mkt cap (mns) $8,276
Large cap (>$10bn) 29.2%
Mid cap ($2-10bn) 70.7%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
INTL FLAVORS & FRAGRANCES 0.5 %
BURLINGTON STORES INC 0.5 %
SUN COMMUNITIES INC 0.4 %
GARTNER INC 0.4 %
WABTEC CORP 0.4 %
ZEBRA TECHNOLOGIES CORP-CL A 0.4 %
ALNYLAM PHARMACEUTICALS INC 0.4 %
SS&C TECHNOLOGIES HOLDINGS 0.4 %
EQUITY LIFESTYLE PROPERTIES 0.4 %
DENTSPLY SIRONA, INC. 0.4 %
Total 4.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.1 %
BERMUDA 1.4 %
BRITAIN 1.3 %
IRELAND 1.1 %
PUERTO RICO 0.2 %
CAYMAN ISLANDS 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
25.3% 12.0% 9.5% -- 10.9%

Market Correlations
versus... Beta R-squared
S&P500 1.10 91%
MSCI EAFE 0.97 59%
MSCI Emg. Mkts. 0.67 45%

Technical Indicators
Recent close $59.36
30d moving avg. $58.47
Annualized volatility 13.9%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.2%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 383
Turnover 0.3%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $32,066

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Schwab US Mid Cap 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™: 6.2%


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
(%)
OSIZ Invesco Russell 1000 Size Factor ETF 69.9 19 -15 6.2 -0.1
SFYX SoFi Next 500 68.2 0 4 5.6 -0.6
VB Vanguard Smallcap ETF 54.2 5 -1 5.5 -0.8
JHMM John Hancock Multifactor Mid Cap 53.8 44 -40 5.8 -0.4
SMMD iShares Russell 2500 50.1 15 -11 5.5 -0.7
DON WisdomTree Midcap Dividend 48.4 38 -34 7.0 +0.7
FSMD Fidelity Small-Mid Factor ETF 47.1 29 -25 6.3 +0.1
FNX First Trust Mid Cap Core Alpadex 46.6 62 -58 6.5 +0.3
RNMC First Trust Mid Cap US Equity Select 44.3 60 -56 6.6 +0.3
USEQ Invesco Russell 1000 Enhanced Equal Weight 43.0 29 -25 6.6 +0.3
PSM Principal U.S. Small-MidCap Multi-Factor Core Index 42.9 20 -16 6.9 +0.7
VXF Vanguard Extended Market 42.5 7 -3 3.3 -3.0
OMFL Oppenheimer Russell 1000 Dynamic Multifactor 42.3 29 -25 9.3 +3.1
PBSM Invesco PureBeta MSCI USA Small Cap 41.5 6 -2 5.3 -1.0
IJH iShares Core S&P MidCap 41.0 7 -3 6.2 -0.0
IVOO Vanguard S&P Mid-Cap 400 40.8 15 -11 6.1 -0.1
SPMD SPDR Portfolio Mid Cap 40.7 5 -1 6.0 -0.2
MDY S&P MidCap 400 SPDR 40.7 24 -20 6.0 -0.2
EZM WisdomTree Midcap Earnings 40.3 38 -34 7.6 +1.4
IWS iShares Russell Midcap Value 40.3 24 -20 6.9 +0.7

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

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Schwab US Mid Cap
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 13.8 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.56
 
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.