SCHE — Schwab Emerging Markets Equity ETF
Emerging Markets Ranked #126 of 458 tracked ETFs · Issued by Schwab ETFs
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.
What If You'd Invested in SCHE?
See what a lump sum in SCHE would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The Schwab Emerging Markets Equity ETF (SCHE) is an emerging markets fund issued by Schwab ETFs with $13.0 billion in assets under management. It holds a B grade and ranks 9 of 10 within its category, placing it at #126 overall among 458 tracked ETFs. The fund’s 0.06% expense ratio is significantly lower than the category median of 0.29%, while its 2.57% dividend yield exceeds the median of 1.91%. Top holdings account for 30.7% of assets, with Taiwan Semiconductor Manufacturing Co Ltd representing the largest single position at 17.1%.
The fund’s price of $37.58 sits at 99.0% of its 52-week range, reflecting strong recent momentum. Short-term returns show acceleration, with the one-month gain of 2.65% leading to a one-year return of 23.19%. However, this performance trails the category median one-year return of 33.42%. The rating was upgraded from C to B on 2026-09-01, though price history is limited to 3.0 years. Longer-term data shows a three-year return of 67.87%, indicating sustained growth over that horizon.
With a beta of 0.84, the ETF exhibits lower sensitivity to market movements compared to the broader market. Annualized volatility of 17.96% is labeled as moderate, while a maximum drawdown of -17.07% highlights the peak-to-trough decline experienced. The Sharpe ratio of 1.01 suggests favorable risk-adjusted returns relative to the volatility. Liquidity is supported by an average daily volume of 3,102,052 shares, though the bid/ask spread of 1.54% indicates some trading cost.
AI-generated summary based on the data on this page.
SCHE Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Taiwan Semiconductor Manufacturing Co Ltd | 17.06% | $2.17B |
| 2 | Tencent Holdings Ltd | 3.15% | $401M |
| 3 | Alibaba Group Holding Ltd | 2.57% | $328M |
| 4 | MediaTek Inc | 1.88% | $240M |
| 5 | Delta Electronics Inc | 1.40% | $179M |
| 6 | Hon Hai Precision Industry Co Ltd | 1.04% | $133M |
| 7 | State Street Institutional US Government Money Market Fund | 1.01% | $129M |
| 8 | Reliance Industries Ltd | 0.88% | $113M |
| 9 | China Construction Bank Corp | 0.88% | $112M |
| 10 | HDFC Bank Ltd | 0.83% | $106M |
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 8 of the same companies as SCHE's top 10 (28.8% of SCHE's assets).
| ETF | Name | Shared Companies | SCHE Weight | Examples |
|---|---|---|---|---|
| SPEM | State Street SPDR Portfolio Emerging Markets ETF | 8 | 28.8% | Taiwan Semiconductor Manufacturing Co Ltd, Tencent Holdings Ltd, Alibaba Group Holding Ltd… |
| VWO | Vanguard FTSE Emerging Markets Index Fund ETF Shares | 8 | 28.7% | Taiwan Semiconductor Manufacturing Co Ltd, Tencent Holdings Ltd, Alibaba Group Holding Ltd… |
| IEMG | iShares Core MSCI Emerging Markets ETF | 6 | 27.1% | Taiwan Semiconductor Manufacturing Co Ltd, Tencent Holdings Ltd, Alibaba Group Holding Ltd… |
| EEM | iShares MSCI Emerging Markets ETF | 6 | 27.1% | Taiwan Semiconductor Manufacturing Co Ltd, Tencent Holdings Ltd, Alibaba Group Holding Ltd… |
| AVEM | Avantis Emerging Markets Equity ETF | 6 | 26.9% | Taiwan Semiconductor Manufacturing Co Ltd, Tencent Holdings Ltd, Alibaba Group Holding Ltd… |
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: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
Trade-Weighted US Dollar Index: 118.75 (as of 2026-08-28) — 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.
What SCHE's Fees Cost You
SCHE charges an expense ratio of 0.06% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
SCHE Dividend Income Estimator
SCHE currently yields 2.57%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
SCHE Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 1.54% 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 $13.0B 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
| Period | Return |
|---|---|
| 1-Day | +0.75% |
| 1-Week | +1.16% |
| 1-Month | +2.65% |
| 3-Month | +7.04% |
| 6-Month | +13.50% |
| YTD | +12.28% |
| 1-Year | +23.19% |
| 3-Year | +67.87% |
How SCHE Compares to Other Emerging Markets ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #18 | B+ |
IEMG | iShares Core MSCI Emerging Markets ETF | +38.28% | 0.09% | $161B |
| #20 | B+ |
EMXC | iShares MSCI Emerging Markets ex China ETF | +62.37% | 0.25% | $24.9B |
| #37 | B |
AVEM | Avantis Emerging Markets Equity ETF | +39.06% | 0.33% | $28.1B |
| #44 | B |
FNDE | Schwab Fundamental Emerging Markets Equity ETF | +30.84% | 0.39% | $10.3B |
| #70 | B |
EEM | iShares MSCI Emerging Markets ETF | +40.51% | 0.72% | $31.2B |
| #78 | B |
DFEM | Dimensional Emerging Markets Core Equity 2 ETF | +36.00% | 0.39% | $9.62B |
| #91 | B |
VWO | Vanguard FTSE Emerging Markets Index Fund ETF Shares | +22.71% | 0.06% | $168B |
| #114 | B |
SPEM | State Street SPDR Portfolio Emerging Markets ETF | +23.86% | 0.07% | $17.8B |
| #126 | B |
SCHE | Schwab Emerging Markets Equity ETF | +23.19% | 0.06% | $13.0B |
| #333 | C |
DGS | WisdomTree Emerging Markets SmallCap Dividend Fund | +19.89% | 0.58% | $1.76B |