SCHB Fund Description

The Schwab U.S. Broad Market ETF tracks a cap-weighted index that measures the largest 2,500 stocks in the U.S.

SCHB ETF.com Insight

[As of 7/23/14] SCHB is a popular, easy-to-trade fund that delivers very-well-balanced exposure to the US total market. The fund tracks the Dow Jones U.S. Broad Stock Market Index, andInvestors looking for a bargain have a solid choice in SCHB SCHB's heavy optimization of its index does not result in any material portfolio differences. Indeed, the fund's average market cap, industry weightings and fundamental ratios are essentially the same as our neutral benchmark. Unlike other funds tracking more broad benchmarks like the Russell 3000, SCHB does not carry any micro-cap exposure, which, coupled with its optimization, can only help its underlying liquidity. Gaining access to this exposure is easy, as the fund is both exceedingly cheap and highly liquid. Investors looking for a bargain have a solid choice in SCHB, especially those on the Schwab platform, who can trade shares free of charge. (Insight updated 01/20/2014)

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Performance [as of 11/21/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
SCHB 6.35% 3.57% 12.45% 16.19% 22.55% 16.37% --
SCHB (NAV) 6.33% 3.57% 12.49% 16.23% 22.56% 16.38% --
Dow Jones U.S. Broad Stock Market Index 6.31% 3.54% 12.35% 16.11% 22.56% 16.39% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SCHB Top 10 Countries

SCHB Top 10 Sectors

SCHB Top 10 Holdings View All

SCHB Summary Data

Charles Schwab

A company that produces and manages ETFs.

11/03/09

The first date of a fund's operations, as documented by the issuer.

Open-Ended Fund

The organizational structure of the fund or ETN.

0.04%

The net total annual fee a fund holder pays to the issuer.

$4.19 B

The market value of total assets that a fund has accumulated and now manages on behalf of investors.

$28.25 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

0.03%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

SCHB Portfolio Data

$107.97 B

Describes the average of each stock's market cap (share price x shares outstanding) scaled by its weight in the portfolio.

20.95

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

2.71

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

1.69%

The ratio of distributions paid by the fund over the past 12 months, divided by the fund’s NAV.

12/29/14

The date on which a security's price excludes an upcoming dividend.

2,024

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

SCHB Index Data

Dow Jones U.S.
Broad Stock Market Index

This is the benchmark an ETF is desigend to track or replicate.

Market Cap

A set of rules that the underlying index provider follows to weight its constituent securities.

Market Cap

A set of rules that the underlying index provider follows to select its constituent securities.

MSCI USA Investable Markets

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

Related ETFs to SCHB

VTI, IWV, DTN, IYY

ETFs from within the same segment or closely related segments with similar investment objectives or market exposures.

SCHB ETF.com Efficiency Insight

[As of 7/23/14] Thanks to a recent fee cut, SCHB's low 4 bp expense ratio gives it a huge Efficiency advantage. It has allowed for tight index tracking while the fund's portfolio managers have done a solid job avoiding capital gains payouts. And whether or not the low fee explains the fund's popularity, SCHB's brawny asset base all but eliminates closure risk. (Insight updated 01/20/2014)

Total Return - 11/21/2014
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Performance [as of 11/21/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
SCHB 6.35% 3.57% 12.45% 16.19% 22.55% 16.37% --
SCHB (NAV) 6.33% 3.57% 12.49% 16.23% 22.56% 16.38% --
Dow Jones U.S. Broad Stock Market Index 6.31% 3.54% 12.35% 16.11% 22.56% 16.39% --
MSCI USA Investable Markets 6.26% 3.39% 11.80% 15.49% 21.83% 15.68% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SCHB Portfolio Management

0.04%

The net annual fee a fund holder pays to the issuer.

0.03%

Compares returns of the fund's NAV to its underlying index for a daily series of overlapping 12 month periods. The median is the middle value of the results.

0.12%

Largest deviation in a positive direction of a fund's returns vs. its underlying index over the past 12 months.

-0.06%

Largest deviation in a negative direction of a fund's returns vs. its underlying index over the past 12 months.

SCHB Tax Exposures

20.00% / 39.60%

The maximum long-term and short-term U.S. tax rates applicable to a realized capital gain.

0.00%

The average capital gains paid out to shareholders in the past 36 months, measured as a percent of net asset value (NAV) at the time.

Qualified dividends

IRS treatment of the majority of the fund's distributions.

No

ETFs that are structured as commodities pools and classified as limited partnerships by the IRS will issue K-1 forms to holders.

SCHB Fund Structure

Open-Ended Fund

The organizational structure of the fund or ETN.

No

An indicator of whether a fund uses over-the-counter derivatives such as swaps or forwards to achieve its objectives.

Yes

An indicator of whether or not a fund actively lends its portfolio holdings.

100% / 0%

The division of securities lending revenue between the fund and the issuer.

N/A

The institution responsible for providing the return of the stated index and whose credit is the sole backing of the ETN.

N/A

The risk of default by the ETN counterparty.

Low

The likelihood that an issuer will shut down a fund for business or regulatory reasons.

Daily

The frequency of an issuer's disclosure of all fund holdings.

SCHB ETF.com Tradability Insight

[As of 7/23/14] SCHB is easy and cheap to trade for retail and institutional investors alike. On-screen liquidity in the tens of millions on most days drives spreads down to just  a few basis points. With more than 70% of the portfolio in large-caps, APs have little trouble hedging the portfolio. Strong underlying liquidity also makes it easy for institutions to trade large blocks at fair prices with help from APs. (Insight updated 01/20/2014)



Average Spread
Premium/Discount
Volume

SCHB ETF.com/ Block LiquidityAs of 11/24/2014

5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of SCHB. SCHB is rated a 5 out of 5.

SCHB Tradability

597,271

It is the daily number of shares traded, averaged over the past 45 trading days.

$28.25 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

521,573

Median number of shares traded over the past 45 trading days.

$24.82 M

Median dollar value of shares traded over the past 45 trading days.

0.03%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

$0.02

The difference between the highest and lowest posted prices for an ETF, averaged over the past 45 days, in dollars.

0.02%

The middle value in the ranked set of all premium/discount values over a maximum 12-month period.

0.11% / -0.10%

The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a maximum 12-month period.

None

This flags whether there is currently a systemic issue that has restricted the ability to create or redeem shares of the fund. This may be imposed by the fund's issuer, or by external circumstances.

100.00%

The percent of time that the underlying securities of an ETF are open to trading while US exchanges are open.

50,000

The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund.

10.43

The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots.

0.06%

The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit.

0.00%

This metric serves as a way of understanding the impact of executing 1 creation unit worth of an ETF in terms of the volume of its underlying components.

893

The total number of net outstanding options contracts for an ETF.

$49.93

The total market value of the assets that an ETF holds less fund expenses.

5

An estimate of liquidity for the underlying baskets of securities, scaled 1 to 5.

SCHB ETF.com Fit Insight

[As of 7/23/14] SCHB delivers an excellent Fit to our neutral benchmark and therefore to the broad US total market. While the fund opts to heavily sample its index rather than fully replicate it, SCHB offers neutral total market exposure without any industry bets, style biases or firm-size tilts. Investors looking for well-balanced total market exposure would do well to choose SCHB. (Insight updated 01/20/2014)

SCHB Sector/Industry BreakdownView All

SCHB Segment Benchmark
17.53% 18.00%

16.93% 16.87%

13.58% 13.53%

13.49% 13.44%

12.64% 12.53%

8.44% 8.40%

3.29% 3.30%

2.98% 2.93%

SCHB Geographic ExposureView All

SCHB Segment Benchmark
99.69% 99.73%

0.10% 0.10%

0.07% 0.08%

0.04% 0.04%

0.04% 0.03%

0.02% 0.02%

0.01% 0.01%

0.02% --

0.01% --

0.00% --

SCHB Segment Benchmark
99.71% 99.75%

0.16% 0.16%

0.10% 0.10%

0.02% --

99.98% / 0.02% 100.00% / --

SCHB Performance Statistics

1.00

The degree to which the fund and its segment benchmark move up and down in unison.

1.00

The sensitivity of the returns of the fund to the movement of the ETF.com segment benchmark. Beta of 1.0 means magnitude of fund returns equals that of IU benchmark returns.

0.66%

The excess return of fund relative to ETF.com segment benchmark on a risk adjusted basis. Only reported if statistically significant.

1.00

The comparison of a fund's return to our benchmark's for days when the benchmark is up. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

1.00

The comparison of a fund's return to our benchmark's for days when the benchmark is down. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

0.01%

A measure of the variability between the fund's returns and the ETF.com segment benchmark returns on days when the fund underperforms the benchmark.

MSCI USA Investable Markets

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

SCHB Benchmark Comparison

SCHB
2024 Holdings
Segment Benchmark
2470 Constituents
Shared Holdings
1972 (Count)
 
97.09% (Weight)
SCHBSegment Benchmark
$107.11 B$107.97 B

The average market capitalization of the firms in the portfolio based on each firm’s weighting in the portfolio.

The breakdown of the portfolio’s holdings into each market capitalization bucket based on each firm’s weighting in the portfolio.

76%76%
18%19%
5%5%
1%0%
21.1520.95

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

2.732.71

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

1.78%1.77%

The weighted average of the current yield on the portfolio’s holdings.

24702024

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

LowLow

The level of return contribution attributable to the average portfolio constituent.