Schwab U.S. Large-Cap ETF
ALTAR
Score™		 5.4% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 25.1x P/Sales
ratio		 2.4x
P/BV
ratio		 3.2x Div.
yield		 1.9%


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

FUND BASICS
Category US Equities
Fund Sponsor Charles Schwab Investment Management Inc
Website www.schwab.com/etf
Inception date Nov 03, 2009
Assets (mns) $19,240
Currency USD
Expense ratio 3 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 756
Wgt avg mkt cap (mns) $329,862
Large cap (>$10bn) 94.5%
Mid cap ($2-10bn) 5.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 5.1 %
APPLE INC 4.9 %
AMAZON.COM INC 3.7 %
FACEBOOK 2.0 %
ALPHABET INC. CLASS A 1.6 %
ALPHABET INC. CLASS C 1.6 %
JOHNSON & JOHNSON 1.4 %
BERKSHIRE HATHAWAY INC-CL B 1.3 %
VISA INC-CLASS A SHARES 1.2 %
JPMORGAN CHASE & CO 1.1 %
Total 23.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.7 %
IRELAND 1.5 %
BRITAIN 1.0 %
SWITZERLAND 0.4 %
BERMUDA 0.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.8% 12.7% 9.7% 13.1% 12.5%

Market Correlations
versus... Beta R-squared
S&P500 1.01 100%
MSCI EAFE 1.01 86%
MSCI Emg. Mkts. 0.74 71%

Technical Indicators
Recent close $73.76
30d moving avg. $69.13
Annualized volatility 17.1%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.5%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 2,119
Turnover 0.8%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $295,259

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SCHX Expense: 3 bp ALTAR Score™: 5.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SCHX
Ticker Fund
Name		 Overlap1
vs SCHX
(%)		 Expense
ratio
(bp)		 Savings
vs SCHX
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs SCHX
(%)
IWB iShares Russell 1000 ETF 96.7 15 -12 5.3 -0.1
PBUS Invesco PureBeta MSCI USA ETF 96.5 4 -1 5.4 0.0
SCHK Schwab 1000 Index ETF 96.4 5 -2 5.4 -0.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 96.3 2 1 5.4 +0.0
VONE Vanguard Russell 1000 ETF 95.7 8 -5 5.4 -0.0
IYY iShares Dow Jones U.S. ETF 95.5 20 -17 5.3 -0.2
VV Vanguard Large-Cap Index Fund 95.1 4 -1 5.4 -0.0
SPTM SPDR Portfolio Total Stock Market ETF 94.2 3 0 5.6 +0.2
IVV iShares Core S&P 500 ETF 92.4 4 -1 5.5 +0.1
SPLG SPDR Portfolio Large Cap ETF 92.4 3 0 5.5 +0.1
SPY SPDR S&P 500 ETF Trust 92.4 9 -6 5.5 +0.1
PBP Invesco S&P 500 BuyWrite ETF 92.4 49 -46 5.1 -0.3
HSPX Global X S&P 500 Covered Call ETF 92.2 65 -62 5.0 -0.5
VOO VANGUARD S&P 500 ETF 92.1 3 0 5.5 +0.1
SCHB Schwab U.S. Broad Market ETF 91.7 3 0 5.4 -0.1
VTI Vanguard Total Stock Market Index Fund 91.4 3 0 5.3 -0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 91.4 3 0 5.3 -0.1
IWV iShares Russell 3000 ETF 91.1 20 -17 5.2 -0.3
VTHR Vanguard Russell 3000 Index Fund 90.5 10 -7 5.3 -0.2
SPXE ProShares S&P 500 Ex-Energy ETF 89.7 27 -24 5.4 +0.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 89.5 20 -17 5.5 +0.1
ESGV Vanguard ESG U.S. Stock ETF 83.2 12 -9 5.3 -0.1
MGC Vanguard Mega Cap Index Fund 81.0 7 -4 5.3 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 80.1 27 -24 5.1 -0.3
SFY SoFi Select 500 ETF 79.8 0 3 5.4 -0.0
JHML John Hancock Multifactor Large Cap ETF 79.2 34 -31 5.6 +0.2
SPXV ProShares S&P 500 Ex-Health Care ETF 78.3 27 -24 5.2 -0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 78.2 20 -17 5.1 -0.3
CATH Global X S&P 500 Catholic Values Custom ETF 78.2 29 -26 5.3 -0.1
IWL iShares Russell Top 200 ETF 76.3 15 -12 5.2 -0.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 75.6 25 -22 6.2 +0.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 74.5 9 -6 5.6 +0.2
EPS WisdomTree U.S. Earnings 500 Fund 73.5 8 -5 6.5 +1.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 72.1 12 -9 5.1 -0.3
ESGU iShares MSCI USA ESG Optimized ETF 72.1 15 -12 5.2 -0.2
SNPE Xtrackers S&P 500 ESG ETF 70.4 11 -8 5.2 -0.2
TOK iShares MSCI Kokusai ETF 70.4 25 -22 5.8 +0.4
AVUS Avantis U.S. Equity ETF 69.6 15 -12 5.8 +0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 68.7 25 -22 6.6 +1.2
SPXT ProShares S&P 500 Ex-Technology ETF 68.2 27 -24 5.7 +0.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 68.1 25 -22 6.6 +1.2
IQSU IQ Candriam ESG US Equity ETF 67.5 9 -6 5.3 -0.1
PRF Invesco FTSE RAFI US 1000 ETF 67.1 39 -36 6.8 +1.4
IUSG iShares Core S&P US Growth ETF 67.0 4 -1 4.5 -0.9
QUS SPDR MSCI USA StrategicFactors ETF 66.2 15 -12 5.9 +0.4
SPYG SPDR Portfolio S&P 500 Growth ETF 65.8 4 -1 4.5 -0.9
IVW iShares S&P 500 Growth ETF 65.7 18 -15 4.3 -1.1
VOOG Vanguard S&P 500 Growth ETF 65.4 10 -7 4.4 -1.0
IUS Invesco Strategic US ETF 65.2 19 -16 6.2 +0.8
URTH iShares MSCI World ETF 65.0 24 -21 5.9 +0.5
VONG Vanguard Russell 1000 Growth Index Fund 62.6 8 -5 4.4 -1.0
IWF iShares Russell 1000 Growth ETF 62.6 19 -16 4.3 -1.1
OEF iShares S&P 100 ETF 61.1 20 -17 5.0 -0.5
RWL Invesco S&P 500 Revenue ETF 60.0 39 -36 6.8 +1.4
DIVB iShares U.S. Dividend & Buyback ETF 60.0 25 -22 6.5 +1.1
DTD WisdomTree U.S.Total Dividend Fund 59.7 28 -25 6.6 +1.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 59.5 30 -27 6.8 +1.3
ESG FlexShares STOXX US ESG Impact Index Fund 59.0 32 -29 5.2 -0.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 59.0 60 -57 4.5 -0.9
VLU SPDR S&P 1500 Value Tilt ETF 58.7 12 -9 7.4 +2.0
DLN WisdomTree U.S. LargeCap Dividend Fund 57.9 28 -25 6.4 +1.0
ACWI iShares MSCI ACWI ETF 57.5 32 -29 6.1 +0.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 56.5 15 -12 6.4 +0.9
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 56.5 29 -26 4.3 -1.1
SCHG Schwab U.S. Large-Cap Growth ETF 56.3 4 -1 4.3 -1.1
IUSV iShares Core S&P U.S. Value ETF 55.4 4 -1 7.4 +2.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 55.3 20 -17 6.4 +1.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 55.0 29 -26 6.2 +0.8
EXT WisdomTree U.S. Total Earnings Fund 55.0 28 -25 5.8 +0.4
LOWC SPDR MSCI ACWI Low Carbon Target ETF 54.9 20 -17 6.5 +1.1
SPYV SPDR Portfolio S&P 500 Value ETF 54.6 4 -1 7.3 +1.9
IVE iShares S&P 500 Value ETF 54.6 18 -15 7.2 +1.8
VOOV Vanguard S&P 500 Value ETF 54.5 15 -12 7.2 +1.8
VUG Vanguard Growth Index Fund 53.8 4 -1 4.2 -1.2
RECS Columbia Research Enhanced Core ETF 53.7 15 -12 5.7 +0.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 53.4 42 -39 5.7 +0.2
VT Vanguard Total World Stock Index Fund 52.5 8 -5 6.3 +0.9
NACP Impact Shares NAACP Minority Empowerment ETF 51.8 75 -72 4.6 -0.8
IWY iShares Russell Top 200 Growth ETF 51.6 20 -17 4.3 -1.1
DGRO iShares Core Dividend Growth ETF 51.6 8 -5 6.5 +1.1
QWLD SPDR MSCI World StrategicFactors ETF 51.2 30 -27 6.1 +0.7
DSI iShares MSCI KLD 400 Social ETF 50.8 25 -22 5.3 -0.1
AFLG First Trust Active Factor Large Cap ETF 50.5 55 -52 5.6 +0.2
VEGN US Vegan Climate ETF 50.2 60 -57 5.3 -0.1
XLG Invesco S&P 500 Top 50 ETF 49.6 20 -17 4.7 -0.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 49.5 9 -6 5.9 +0.5
EUSA iShares MSCI USA Equal Weighted ETF 49.3 15 -12 6.1 +0.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 49.3 9 -6 6.3 +0.9
IWD iShares Russell 1000 Value ETF 49.1 19 -16 7.1 +1.7
SUSL iShares ESG MSCI USA Leaders ETF 48.8 10 -7 5.4 +0.0
VONV Vanguard Russell 1000 Value Index Fund 48.8 8 -5 7.2 +1.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 48.7 10 -7 5.5 +0.1
SIZE iShares Edge MSCI USA Size Factor ETF 48.7 15 -12 6.0 +0.6
WOMN Impact Shares YWCA Women's Empowerment ETF 48.5 75 -72 4.6 -0.8
MXDU Nationwide Maximum Diversification US Core Equity ETF 47.5 34 -31 5.2 -0.2
KRMA Global X Conscious Companies ETF 47.2 43 -40 5.3 -0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 47.2 49 -46 4.2 -1.2
RSP Invesco S&P 500 Equal Weight ETF 47.0 20 -17 6.9 +1.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 46.8 19 -16 5.7 +0.3
EQWL Invesco Russell Top 200 Equal Weight ETF 46.2 25 -22 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 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 16.5 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 3 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.45 CATEGORY
AVERAGE		 1.53
 
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.