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 $12.8 billion in assets under management. It holds a C grade and ranks 9 of 10 within its category, placing it at #228 of 458 tracked ETFs overall. The fund’s 0.06% expense ratio is significantly lower than the category median of 0.29%, while its 2.72% dividend yield exceeds the median of 2.49%. Concentration risk is notable, with the top 10 holdings comprising 30.7% of assets and Taiwan Semiconductor Manufacturing Co Ltd representing 17.1%.

SCHE has delivered a 1-year return of +7.16%, trailing the category median of +16.16% by a wide margin. Short-term performance shows weakness, with declines of -2.07% over one week and -5.00% over one month, contrasting with a year-to-date gain of +4.45%. The fund’s price of $34.96 sits at 54.4% of its 52-week range, indicating it is closer to its low than its high. The rating was downgraded from B to C on 2026-10-16, reflecting the recent underperformance relative to peers. Historical data is limited, with price history available for only 3.0 years.

The fund exhibits a beta of 0.84, suggesting it moves less than the broader market, and an annualized volatility of 17.89%, labeled as Moderate. A Sharpe ratio of 0.12 indicates low risk-adjusted returns relative to the risk taken. The maximum drawdown of -17.07% highlights the potential for significant temporary losses during downturns. Liquidity is robust, with an average daily volume of 3,020,639 shares supporting easy entry and exit for investors.

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 — VWO overlaps most, holding 8 of the same companies as SCHE's top 10 (28.9% 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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 121.40 (as of 2026-10-16) — 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: Average daily volume is 3.0M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $12.8B 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