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Sunday, August 23, 2026The Morning Brief →Sign in
SCHASchwab

Schwab U.S. Small-Cap ETF

$34.83+0.52% today
263652-WK

To pursue its goal, the fund generally invests in stocks that are included in the index. The index includes the small-cap portion of the Dow Jones U.S. Total Stock Market Index actually available to investors in the marketplace. The Dow Jones U.S. Small-Cap Total Stock Market Index includes the components ranked 751-2500 by full market capitalization. The index is a float-adjusted market capitalization weighted index. The fund will invest at least 90% of its net assets in these stocks.

Price & daily flows
34.131.328.634.83DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned +20.9% so far this year. At 0.040% a year, nothing comparable on our shelf runs cheaper.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$17.9Bassets under management
0.040%expense ratio · $4 per $10,000 a year
net flow, trailing month
1.9Mavg daily volume, 30 days
1720holdings · US-domiciled
2009listed November 2, 2009 · beta 1.23
Sector weights
Finance22.08%
Consumer Discretionary17.08%
Industrials16.07%
Financial Services15.6%
Technology15.52%
Financials15.5%
Information Technology15.35%
Healthcare14.57%
Consumer Cyclical13.05%
Health Technology11.11%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States99.14%
Bermuda1.15%
Cayman Islands0.21%
Switzerland0.14%
Other0.07%
Singapore0.07%
United Kingdom0.07%
Ireland0.06%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-2.3%
1 month+1.7%
3 months+4.5%
6 months+13.3%
YTD+20.9%
1 year+27.8%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

The risk read
21%realized volatility, 30 days (annualized)
19%realized volatility, 1 year
-9.6%deepest fall from a peak, 1 year
-3.6%where it sits vs. that peak today

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
11calls today
4puts today
0.36put/call ratio
1Mshares traded
The case against SCHA

Due diligence cuts both ways. These funds sit on the same shelf and beat SCHA on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IJH iShares Core S&P Mid-Cap ETF0.05%$128.4B+$547M7× the assets · +$547M in over the monthHead-to-head
IMCB iShares Morningstar Mid-Cap ETF0.04%$1.7B+$15M+$15M in over the monthHead-to-head
VO Vanguard Mid Cap Index Fund0.04%$68.1B4× the assetsHead-to-head
IMCG iShares Morningstar Mid-Cap Growth ETF0.06%$4.2B+$69M+$69M in over the monthHead-to-head
IMCV iShares Morningstar Mid-Cap Value ETF0.06%$1.2B+$20M+$20M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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