SCHE — Schwab Emerging Markets Equity ETF

SCHE Price Performance — Growth of $10,000

Value of a $10,000 investment in SCHE over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

SCHE Drawdown

The "underwater" chart: SCHE's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Schwab Emerging Markets Equity ETF (SCHE) is an Emerging Markets fund issued by Schwab ETFs with $12.5 billion in assets under management. Priced at $35.39, the fund holds a substantial asset base that suggests significant investor adoption within its sector. It carries an overall rank of #197 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 62.9. The fund offers a low cost structure with an expense ratio of 0.06% and provides a dividend yield of 2.66%. Within the Emerging Markets category, which contains 10 ETFs tracked by ETFValuer, SCHE positions itself as a cost-effective option for exposure to this asset class. The combination of high assets and a low expense ratio indicates a mature product that has attracted considerable capital from market participants.

Over the last day, the fund declined by 0.42% before recovering slightly to a 0.08% gain over the week. Monthly performance showed a contraction of 1.09%, while the three-month horizon turned positive with a 0.66% return. The six-month period demonstrated further acceleration to a 2.82% gain, and year-to-date returns have reached 5.74%. The one-year return expanded significantly to 16.31%, and the three-year total return stands at 48.76%. This trajectory illustrates a pattern where short-term fluctuations gave way to sustained growth over the longer horizons of one and three years.

The fund carries a Moderate volatility label and a beta of 0.87, indicating that its price movements have historically been less sensitive to market swings than the broader benchmark. A Sharpe ratio of 0.64 suggests the fund has generated a moderate amount of excess return relative to the risk taken during the measurement period. The maximum drawdown of -17.07% reflects the largest peak-to-trough decline experienced by the fund, highlighting the potential for significant temporary losses. This combination of a beta below 1.0 and a moderate drawdown suggests the fund may offer some cushion during market downturns while still participating in upward trends. The risk profile implies a balance between capital preservation and growth potential typical for the Emerging Markets category.

AI-generated summary based on the data on this page.

SCHE Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 30.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SCHE's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SCHE

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SCHE's top 10 — SPEM overlaps most, holding 9 of the same companies as SCHE's top 10 (29.7% of SCHE's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 120.53 (as of 2026-07-17) — Measures the US dollar’s strength against major trading-partner currencies — dollar moves directly affect the US-dollar value of this fund’s international holdings.

SCHE Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.02% and average daily volume is 3.1M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $12.5B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SCHE is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

SCHE Performance History

How SCHE Compares to Other Emerging Markets ETFs