ETF · Broad Market

SCHA(SCHA)

$34.05
-0.58%
Expense Ratio
$19.8B
Total AUM
Holdings
Inception
Active Share vs VOO
Truly Active
0%20%60%100%
99.5%

AI Look-Through Summary

AI Generated

The portfolio's sector allocation is heavily skewed towards "Other" industries, which makes up nearly 99% of its holdings. This suggests that the fund has a broad exposure to various sectors outside of technology, which accounts for only about 2%. The weighted P/E and P/B ratios indicate that the fund holds companies with relatively low valuations compared to their earnings and book values.

The top holdings are dominated by two unknown entities (857492706 and 422704106) and a single stock from the semiconductor industry (SNDK), which makes up about 2.2% of the portfolio. The sector mix is significantly different from the broader market, where technology stocks often have a more prominent role. A macro environment characterized by strong economic growth and increasing demand for technology products would be favorable for this portfolio, while a scenario with rising interest rates or a decline in semiconductor demand could be unfavorable.

Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-07-14 08:08:28.118012+00

🔍 Theme Alignment Audit

AI GeneratedPurity: 15/100

The investment theme implied by the ticker SCHA is Small-Cap Value, yet the provided data reveals a stark disconnect between this label and the actual asset composition. While only one holding in the top ten list carries an explicit sector classification of Technology with a mere 2.2% weight, the vast majority of positions are listed without any industry attribution or recognizable ticker symbols beyond numeric identifiers. This lack of transparent thematic labeling for the core portfolio suggests that the fund may be utilizing broad-market small-cap names to anchor returns rather than maintaining a focused exposure to specific value-oriented industries. The presence of generic numeric entries in the top holdings list further obscures whether these assets adhere to strict fundamental value criteria or if they serve as liquidity buffers within the broader index methodology.

Concentration risk appears minimal given that the top ten positions collectively represent only 7.7% of the portfolio, which indicates a highly diversified structure typical of broad-market small-cap strategies rather than concentrated thematic bets. However, sector coherence is difficult to assess because nearly all listed holdings lack defined industry classifications in the provided data, making it impossible to confirm if the fund genuinely differentiates itself from a standard index or simply mirrors its benchmark's inherent diversification. The absence of meaningful weightings across distinct sectors prevents an evaluation of whether the portfolio leans toward specific value drivers like financials or industrials as expected under a Small-Cap Value mandate. Ultimately, without clear sector definitions for the bulk of the holdings, the fund appears to function more as a passive small-cap vehicle than a rigorously filtered thematic investment, leaving investors unable to verify alignment with traditional value factors based on this snapshot alone.

AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-21 14:41:14.609133+00

🏢 Sector Analysis

AI Generated

The sector allocation profile of SCHA presents a distinctively narrow exposure, characterized by an almost negligible weight in the Technology sector at just 2.2%, represented solely by one holding. This minimal representation suggests that the fund's investment thesis likely prioritizes sectors outside of large-cap growth or high-valuation tech names, potentially favoring value-oriented industries not explicitly detailed but implied by the absence of significant allocations elsewhere. The top five holdings reveal a fragmented ownership structure where four positions lack identifiable sector classifications in this dataset, while the single identified technology holding accounts for nearly its entire weight within that specific industry group. Such data points indicate a deliberate avoidance of concentrated bets on dominant market sectors like Information Technology or Financials, steering instead toward a more diversified or niche set of equities that do not align with traditional mega-cap narratives.

Concentration risk in this vehicle appears low based on the top-10 metric, which totals only 7.7%. This figure implies that no single position exerts substantial leverage over the fund's overall performance, supporting an investment approach designed to mitigate idiosyncratic stock-specific volatility rather than capitalize on sector-wide momentum. The distribution of weightings among the largest names suggests a strategy focused on breadth and stability through small-cap or mid-cap exposure, as opposed to seeking outsized returns from concentrated positions in leading industry leaders. Consequently, the fund exhibits factor tilts that may align with value characteristics given the underweighting of technology, though precise factor attribution remains unclear without broader sector data. Investors observing this profile might interpret these allocations as a signal for reduced sensitivity to tech-driven market cycles and lower correlation with large-cap indices, resulting in a portfolio constructed for potential resilience during periods where growth sectors face headwinds.

AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-22 01:25:21.348645+00

Flow Driver Analysis

2-Step Circle

Which larger ETFs share SCHA's holdings — and mechanically drive its price through index rebalancing flows?

Approximately 100% of SCHA's weight flows through these larger ETFs

Driver ETFAUMExpenseShared StocksWeight Overlap
SCHBSchwab U.S. Broad Market ETF$37B1656100.0%
ITOTiShares Core S&P Total U.S. Stock Market ETF$80B152397.2%
IWMiShares Russell 2000 ETF$72B138164.4%
IWDiShares Russell 1000 Value ETF$70B20529.2%

100% of SCHA's portfolio by weight is also held by SCHB, which commands 2× more assets under management. When SCHB receives inflows, it mechanically buys these shared stocks — dragging SCHA's NAV along regardless of any thematic or sector catalyst. Combined, the top 4 overlapping ETFs control exposure to 100% ofSCHA's weight.

Overlap computed from constituent-level holdings data across 4 ETFs. Price co-movement with driver ETFs is structural, not coincidental. Not investment advice.

ETF Look-Through Dashboard

Peer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.

48.3x
Weighted P/E
0.32x
Weighted P/B
$4B
Wtd Avg Market Cap

Weighted metrics calculated based on 2% of fund assets with available data.

Herfindahl-Hirschman Concentration Index

0100020003000400020
Well Diversified
Top 5: 5.8%Top 10: 7.7%

Morningstar-Style Box

Value
Blend
Growth
Large
Mid
Small
Small Growth

Sector & Cap Explorer

Other97.8%
Visualization Mode

Earnings vs. Price Decomposition

Proprietary
+31.7%
ETF 1Y Return
-101.4%
Wtd Earnings Growth
+133.1%
Multiple Expansion
P/E Inflation

SCHA is up 31.7% over the last 12 months. The underlying weighted earnings growth of its constituents is -101.4%. The remaining +133.1% of performance is driven by multiple expansion (P/E inflation) — prices rose faster than earnings grew.

Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 4% of fund weight with earnings data. Not investment advice.

Under the Hood — Top 15 Constituents

Top 10 Concentration7.7%
#TickerCompanyWeightP/EF-Score
1SNDK
Sandisk Corp/DE
Technology
2.19%
48.3x5/9
2857492706
State Street Institutional US Government Money Market Fund
1.46%
355024U109
Lumentum Holdings Inc
1.16%
401741R102
ATI Inc
0.52%
576155X100
Revolution Medicines Inc
0.43%
677311W101
Rocket Cos Inc
0.41%
7192108504
Coeur Mining Inc
0.41%
8422704106
Hecla Mining Co
0.39%
955306N104
MKS Inc
0.38%
1055405Y100
MACOM Technology Solutions Holdings Inc
0.37%
1165290E101
Nextpower Inc
0.36%
12278768106
EchoStar Corp
0.36%
1372348N109
Pinnacle Financial Partners Inc
0.32%
14859241101
Sterling Infrastructure Inc
0.31%
15462222100
Ionis Pharmaceuticals Inc
0.31%
The bottom 1706 stocks in SCHA account for only 90.6% of the total fund weight.Only the top 50 holdings are shown. Total holdings: 1,721.

Historical Holdings Snapshots

Browse how SCHA’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.

2026-07-19

15 holdings · 9.4% tracked weight
#TickerWeightSharesMarket Value
1SNDK2.19%716,718$455.4M
28574927061.46%303,013,558$303.0M
355024U1091.16%344,292$241.3M
401741R1020.52%659,470$107.9M
576155X1000.43%881,994$90.0M
677311W1010.41%4,698,870$85.5M
71921085040.41%3,117,196$84.6M
84227041060.39%3,252,386$81.0M
955306N1040.38%325,939$79.7M
1055405Y1000.37%310,798$77.1M
1165290E1010.36%720,213$75.7M
122787681060.36%654,308$75.6M
1372348N1090.32%726,172$65.9M
148592411010.31%148,979$63.8M
154622221000.31%786,080$63.8M

2026-07-18

15 holdings · 9.4% tracked weight
#TickerWeightSharesMarket Value
1SNDK2.19%716,718$455.4M
28574927061.46%303,013,558$303.0M
355024U1091.16%344,292$241.3M
401741R1020.52%659,470$107.9M
576155X1000.43%881,994$90.0M
677311W1010.41%4,698,870$85.5M
71921085040.41%3,117,196$84.6M
84227041060.39%3,252,386$81.0M
955306N1040.38%325,939$79.7M
1055405Y1000.37%310,798$77.1M
1165290E1010.36%720,213$75.7M
122787681060.36%654,308$75.6M
1372348N1090.32%726,172$65.9M
148592411010.31%148,979$63.8M
154622221000.31%786,080$63.8M

2026-07-17

15 holdings · 9.4% tracked weight
#TickerWeightSharesMarket Value
1SNDK2.19%716,718$455.4M
28574927061.46%303,013,558$303.0M
355024U1091.16%344,292$241.3M
401741R1020.52%659,470$107.9M
576155X1000.43%881,994$90.0M
677311W1010.41%4,698,870$85.5M
71921085040.41%3,117,196$84.6M
84227041060.39%3,252,386$81.0M
955306N1040.38%325,939$79.7M
1055405Y1000.37%310,798$77.1M
1165290E1010.36%720,213$75.7M
122787681060.36%654,308$75.6M
1372348N1090.32%726,172$65.9M
148592411010.31%148,979$63.8M
154622221000.31%786,080$63.8M

2026-07-16

15 holdings · 9.4% tracked weight
#TickerWeightSharesMarket Value
1SNDK2.19%716,718$455.4M
28574927061.46%303,013,558$303.0M
355024U1091.16%344,292$241.3M
401741R1020.52%659,470$107.9M
576155X1000.43%881,994$90.0M
677311W1010.41%4,698,870$85.5M
71921085040.41%3,117,196$84.6M
84227041060.39%3,252,386$81.0M
955306N1040.38%325,939$79.7M
1055405Y1000.37%310,798$77.1M
1165290E1010.36%720,213$75.7M
122787681060.36%654,308$75.6M
1372348N1090.32%726,172$65.9M
144622221000.31%786,080$63.8M
158592411010.31%148,979$63.8M

2026-07-15

15 holdings · 9.4% tracked weight
#TickerWeightSharesMarket Value
1SNDK2.19%716,718$455.4M
28574927061.46%303,013,558$303.0M
355024U1091.16%344,292$241.3M
401741R1020.52%659,470$107.9M
576155X1000.43%881,994$90.0M
677311W1010.41%4,698,870$85.5M
71921085040.41%3,117,196$84.6M
84227041060.39%3,252,386$81.0M
955306N1040.38%325,939$79.7M
1055405Y1000.37%310,798$77.1M
1165290E1010.36%720,213$75.7M
122787681060.36%654,308$75.6M
1372348N1090.32%726,172$65.9M
144622221000.31%786,080$63.8M
158592411010.31%148,979$63.8M

2026-07-14

15 holdings · 9.4% tracked weight
#TickerWeightSharesMarket Value
1SNDK2.19%716,718$455.4M
28574927061.46%303,013,558$303.0M
355024U1091.16%344,292$241.3M
401741R1020.52%659,470$107.9M
576155X1000.43%881,994$90.0M
677311W1010.41%4,698,870$85.5M
71921085040.41%3,117,196$84.6M
84227041060.39%3,252,386$81.0M
955306N1040.38%325,939$79.7M
1055405Y1000.37%310,798$77.1M
1165290E1010.36%720,213$75.7M
122787681060.36%654,308$75.6M
1372348N1090.32%726,172$65.9M
144622221000.31%786,080$63.8M
158592411010.31%148,979$63.8M

Source: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.

Risk Profile

21.8%
Annual Volatility
1.34
Sharpe (1Y)
0.60
Sharpe (3Y)
-27.3%
Max Drawdown (3Y)
-30.8%
Max Drawdown (5Y)

Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.

Price Chart with Moving Averages

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What Drove SCHA Today?

Daily return attribution — which holdings contributed most (and least) to the fund's move.

Fund move:-0.58%(2026-07-17)

Top Detractors

-0.088%

Attribution = holding weight × stock daily return. Only the top contributors and detractors are shown.

Underwater (Drawdown from Peak)

How far below the all-time high the price has been over time. Deeper = more pain for holders.

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Rolling 60-Day Beta vs S&P 500 (VOO)

How the ETF's sensitivity to market moves changes over time. β > 1 = more volatile than the market.

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Rolling Beta Market (β = 1.0)

Yield & Income

TTM Yield
30-Day SEC Yield
5Y Div CAGR

Sector Drift Over Time

How SCHA’s sector allocation has shifted across snapshots. Use the slider to travel through time.

2026-07-1993 snapshots
Other97.8%
Technology2.2%
Change since 2026-03-31
Technology
+1.4%
Other
-1.4%
2026-03-312026-07-19

Active Conviction Tracker

Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.

No position changes detected between snapshots.

AUM & Capital Flow Tracker

Estimated assets under management derived from SEC filings and daily price movements — tracks how the fund's value evolves over time.

Total Net Assets
$21.04B
Est. AUM Change (90d)
+$2.87B
Price Change (90d)
+15.77%
Filing Snapshots
2
03-1003-3104-2205-1306-0406-2607-17$17.35B$19.84B$22.33B
Estimated AUMTNA Filing Date

Estimated AUM derived from the latest SEC N-PORT filing TNA ($21.04B) scaled by daily price changes. Filing snapshots update when new regulatory filings are published (quarterly for most funds, daily for ARK).

Explore More

Quant metrics computed deterministically from financial statements and price data. Updated: 2026-07-17.

SecuritiesDB is for informational purposes only. Not investment advice.