Schwab U.S. Large-Cap ETF
ALTAR
Score™
5.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
18.8x P/Sales
ratio
2.2x
P/BV
ratio
3.1x 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) $20,023
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 757
Wgt avg mkt cap (mns) $303,764
Large cap (>$10bn) 94.2%
Mid cap ($2-10bn) 5.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 4.5 %
APPLE INC 4.3 %
AMAZON.COM INC 2.9 %
FACEBOOK 1.7 %
BERKSHIRE HATHAWAY INC-CL B 1.5 %
ALPHABET INC. CLASS A 1.5 %
ALPHABET INC. CLASS C 1.5 %
JPMORGAN CHASE & CO 1.4 %
JOHNSON & JOHNSON 1.3 %
VISA INC-CLASS A SHARES 1.2 %
Total 21.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.3 %
IRELAND 1.8 %
BRITAIN 1.1 %
SWITZERLAND 0.4 %
BERMUDA 0.2 %
CAYMAN ISLANDS 0.0 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.2% 21.6% 12.2% 13.9% 13.5%

Market Correlations
versus... Beta R-squared
S&P500 0.99 100%
MSCI EAFE 0.91 70%
MSCI Emg. Mkts. 0.60 53%

Technical Indicators
Recent close $77.25
30d moving avg. $79.13
Annualized volatility 12.0%
Short interest (ETF) 0.1%
Short interest (Underlying) 2.5%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 932
Turnover 0.4%
Bid/Ask (% of price) 0.01%
ADV underlying (mns) $186,220

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 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™: 5.7%


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
(%)
VONE Vanguard Russell 1000 ETF 97.5 8 -5 5.7 -0.0
SCHK Schwab 1000 Index ETF 96.1 5 -2 5.7 +0.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 96.1 2 1 5.8 +0.1
IWB iShares Russell 1000 ETF 96.1 15 -12 5.6 -0.1
PBUS Invesco PureBeta MSCI USA ETF 95.9 4 -1 5.8 +0.1
IYY iShares Dow Jones U.S. ETF 94.9 20 -17 5.6 -0.2
VV Vanguard Large-Cap Index Fund 94.9 4 -1 5.7 +0.0
SPTM SPDR Portfolio Total Stock Market ETF 93.5 3 0 5.9 +0.2
SPLG SPDR Portfolio Large Cap ETF 92.0 3 0 5.9 +0.2
IVV iShares Core S&P 500 ETF 91.9 4 -1 5.9 +0.2
SPY SPDR S&P 500 ETF Trust 91.9 9 -6 5.8 +0.1
PBP Invesco S&P 500 BuyWrite ETF 91.9 49 -46 5.4 -0.3
VOO VANGUARD S&P 500 ETF 91.9 3 0 5.9 +0.2
VTHR Vanguard Russell 3000 Index Fund 91.9 10 -7 5.5 -0.2
HSPX Global X S&P 500 Covered Call ETF 91.6 65 -62 5.3 -0.4
VTI Vanguard Total Stock Market Index Fund 91.1 3 0 5.6 -0.2
SCHB Schwab U.S. Broad Market ETF 91.0 3 0 5.6 -0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 90.6 3 0 5.6 -0.2
IWV iShares Russell 3000 ETF 90.3 20 -17 5.4 -0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 88.9 20 -17 5.8 +0.1

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

Content on this tab for subscribers only

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 17.2 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 3 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 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.