Schwab U.S. Large-Cap
ALTAR
Score™
6.0% info Recommen-
dation
NEUTRAL
2017E    2018E
P/E
ratio
18.7x P/Sales
ratio
2.1x
P/BV
ratio
2.9x Div.
yield
2.0%


  • 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 Traditional Indices
Fund Sponsor Charles Schwab Investment Management Inc
Website www.schwab.com/etf
Inception date Nov 03, 2009
Assets (mns) $9,041
Currency USD
Expense ratio 4 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 745
Wgt avg mkt cap (mns) $165,015
Large cap (>$10bn) 91.8%
Mid cap ($2-10bn) 8.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 3.5 %
MICROSOFT CORP 2.4 %
AMAZON.COM INC 1.7 %
JOHNSON & JOHNSON 1.6 %
FACEBOOK 1.6 %
EXXON MOBIL CORP 1.5 %
BERKSHIRE HATHAWAY INC-CL B 1.4 %
JPMORGAN CHASE & CO 1.4 %
ALPHABET INC. CLASS A 1.3 %
ALPHABET INC. CLASS C 1.2 %
Total 17.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.8 %
IRELAND 1.3 %
BRITAIN 0.5 %
SWITZERLAND 0.3 %
BERMUDA 0.2 %
FRANCE 0.1 %
SWEDEN 0.1 %
NETHERLANDS 0.1 %



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.
8.7% 17.7% 15.3% -- 13.4%

Market Correlations
versus... Beta R-squared
S&P500 1.01 99%
MSCI EAFE 0.67 64%
MSCI Emg. Mkts. 0.40 38%

Technical Indicators
Recent close $57.99
Annualized volatility 10.5%
Short Interest (ETF) 0.1%
Short Interest (Underlying) 2.5%
Tracking Error 0.00
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 607
Turnover 0.4%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $924,372

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Schwab U.S. Large-Cap 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: 4 bp ALTAR Score™: 6.0%


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
(%)
ONEK SPDR Russell 1000 ETF 95.3 11 -7 5.8 -0.2
VONE Vanguard Russell 1000 95.2 12 -8 5.9 -0.1
IWB iShares Russell 1000 95.0 15 -11 5.8 -0.3
VV Vanguard Large-Cap ETF 94.1 9 -5 5.9 -0.1
IYY iShares DJ US Total Market 92.9 20 -16 5.7 -0.3
SPY S&P 500 SPDR 91.4 9 -5 5.9 -0.1
IVV iShares Core S&P 500 91.4 4 0 5.9 -0.1
VOO Vanguard S&P 500 ETF 91.3 5 -1 5.9 -0.1
PBP PowerShares S&P 500 Buy/Write 91.3 75 -71 5.5 -0.5
HSPX Horizons S&P 500 Covered Call 90.7 65 -61 5.4 -0.6
VTI Vanguard Total Market 89.6 5 -1 5.8 -0.2
THRK SPDR Russell 3000 ETF 89.3 10 -6 5.8 -0.2
VTHR Vanguard Russell 3000 89.2 15 -11 5.7 -0.3
IWV iShares Russell 3000 88.3 20 -16 5.6 -0.5
ITOT iShares Core S&P Total US 88.0 3 1 5.8 -0.2
SCHB Schwab U.S. Broad Market 87.8 3 1 5.9 -0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 86.4 20 -16 5.9 -0.1
SPXE ProShares S&P 500 Ex-Energy 85.8 27 -23 6.1 +0.1
CATH Global X S&P 500 Catholic Values 81.4 29 -25 5.8 -0.2
DHVW Diamond Hill Valuation-Weighted 500 81.4 10 -6 6.0 +0.0

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2012 2013 2014 2015 2016 2017E 2018E
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
  2016 2017E 2018E
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
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 between 6.0% and 8.0%. This indicates that valuations adequately reflect the fundamentals of stocks in these funds. The majority of funds we cover fall into this category.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.8 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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