SCHE ETF: fees, returns, drawdowns and holdings

How has SCHE done since 2010?#

SCHES&P 500 (SPY)Growth of $10,000, log scale, with dividends reinvested. Past results do not tell you what happens next.

From January 2010 to October 2026, SCHE returned about 4.6% a year. The S&P 500 returned about 14.0% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $21,376 at the end, with every dividend reinvested.

Period	SCHE	S&P 500 (SPY)
1 month	−1.6%	1.5%
3 months	−0.6%	1.9%
6 months	1.0%	9.3%
Year to date	9.1%	12.8%
1 year	9.3%	16.8%
3 years per year	17.7%	22.0%
5 years per year	5.5%	12.8%
10 years per year	7.6%	15.4%
Since 2010 per year	4.6%	14.0%

Periods longer than a year show the return per year (CAGR). Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

SCHE returns by month and year#

SCHE rose in 111 of its 202 months (55%). Its best month was November 2022, at 14.9%. Its worst was September 2011, at −17.0%.

Return each month, in percent
Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	9.1%	5.0	2.7	−6.7	8.6	1.6	−0.1	−0.6	2.7	−1.5	−2.1
2025	26.5%	1.2	0.8	1.5	0.2	3.6	5.4	1.0	3.4	6.1	1.5	−1.0	0.4
2024	10.6%	−3.8	3.4	2.4	0.8	2.4	2.1	1.2	1.2	7.3	−3.0	−2.2	−1.1
2023	8.9%	8.5	−6.8	2.5	−0.7	−2.8	4.6	6.0	−5.9	−2.6	−3.2	6.8	3.7
2022	−17.8%	1.1	−3.8	−3.5	−5.3	0.4	−3.6	−1.0	−0.5	−10.4	−3.3	14.9	−2.5
2021	−0.7%	3.2	1.5	−1.0	1.4	1.8	0.8	−6.1	2.3	−3.4	1.4	−3.5	1.4
2020	14.5%	−5.8	−4.0	−16.4	7.1	3.4	6.8	8.4	2.8	−1.3	1.8	8.1	5.9
2019	20.3%	9.5	−0.7	1.7	2.6	−6.4	5.7	−1.7	−3.8	1.3	5.3	−0.7	7.0
2018	−13.5%	9.5	−5.8	−0.3	−3.0	−2.8	−4.3	4.1	−4.0	−0.7	−7.3	4.8	−3.2
2017	32.7%	5.7	2.5	2.6	1.8	1.2	0.6	5.7	2.9	−0.4	2.3	0.0	3.9
2016	13.0%	−5.4	−0.3	12.9	1.1	−3.4	5.0	5.1	0.9	2.2	0.3	−4.4	−0.3
2015	−16.3%	0.0	4.2	−2.2	7.4	−3.5	−2.6	−6.6	−9.0	−3.2	5.4	−2.5	−3.8
2014	0.0%	−8.9	3.5	4.9	0.8	2.5	3.6	1.6	3.8	−7.4	2.1	−0.9	−4.3
2013	−4.3%	0.2	−2.1	−1.3	1.5	−4.8	−5.5	1.5	−4.3	8.5	3.9	−0.9	−0.3
2012	17.9%	10.0	5.8	−3.2	−2.7	−10.9	4.8	1.2	0.6	5.1	−0.2	0.9	6.9
2011	−19.2%	−4.8	1.1	4.8	2.7	−3.5	−1.2	−1.4	−7.3	−17.0	14.5	−2.3	−3.5
2010	15.5%	−9.2	1.7	7.5	−0.8	−9.2	0.0	10.7	−2.8	11.2	3.2	−2.9	7.7

Each month runs from the last close of the month before. The first month counts from the first close.

How risky is SCHE compared with the S&P 500?#

Measured from October 2021 to October 2026, on the days both traded.

Beta 0.71. When the S&P 500 moved 1% in a day, SCHE tended to move about 0.71%.
Correlation 0.68. SCHE moved with the S&P 500 some of the time.
Up and down months. In months the S&P 500 rose, SCHE rose 59% as much on average. In months it fell, SCHE fell 68% as much.

Measure	SCHE	S&P 500 (SPY)
Return per year	5.5%	12.8%
Volatility	17.8%	17.1%
Worst drop	−30.8%	−24.5%
Sharpe ratio	0.39	0.79
Sortino ratio	0.57	1.15
Calmar ratio	0.18	0.52

Volatility is how much the price swings in a year. The Sharpe ratio is return per unit of volatility, the Sortino ratio counts only the falls, and the Calmar ratio is the return per year over the worst drop. Higher ratios mean more return for the risk taken.

Is SCHE above its 200-day average?#

SCHE closed 0.6% above its 200-day average on October 16, 2026. A rule that holds SCHE only above that average would hold it today.

vs 200-day average: +0.6%; above it
50-day vs 200-day: +3.8%; trend rising
vs 52-week high: −5.0%; high of $37.58

A moving average is the average close over the last so many days. Trend rules such as the 10-month moving average strategy hold a fund only while it is above one. You can build that rule for SCHE and backtest it in a minute.

What was SCHE’s worst drop?#

Drawdown: how far SCHE was below its last high on each day.

A drawdown is how far a fund falls from its last high point. SCHE’s worst fall was −36.2%, from January 26, 2018 to March 23, 2020. It got back to that high on November 9, 2020. On October 16, 2026 it was 5.0% below its highest close.

Drop	From the high	To the bottom	Back to the high
−36.2%	Jan 26, 2018	Mar 23, 20202.2 years	Nov 9, 20208 months
−35.7%	Feb 17, 2021	Oct 24, 202220 months	Jul 16, 20252.7 years
−35.6%	Sep 5, 2014	Jan 20, 201616 months	Jul 14, 201718 months
−29.5%	Apr 8, 2011	Oct 3, 20116 months	Sep 3, 20142.9 years
−18.2%	Apr 14, 2010	May 20, 201036 days	Sep 15, 20104 months

Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

What does SCHE hold?#

This fund owns shares of about 2,100 companies in emerging markets. These are countries whose economies are still growing. Prices there can rise and fall a lot, and their money can change in value.

It tracks the FTSE Emerging Index. It had 2,137 holdings as of February 28, 2026, according to Schwab.

What is the SCHE expense ratio?#

SCHE charges 0.06% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.06% fee comes to about $6 a year. Of the 162 ETFs on Tactfolio, 72% charge more.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

0.06%

Which Tactfolio strategies hold SCHE?#

No classic strategy holds SCHE yet. You can add it to your own rules in the builder and see how they would have done.

How does SCHE compare with similar ETFs?#

Funds that can stand in for SCHE:

VWO: Vanguard FTSE Emerging Markets ETF, 0.06% a year
IEMG: iShares Core MSCI Emerging Markets ETF, 0.09% a year
EEM: iShares MSCI Emerging Markets ETF, 0.72% a year
VEU: Vanguard FTSE All-World ex-US ETF, 0.04% a year

See all 6 SCHE alternatives, compared on the same dates as SCHE.

Test SCHE in your own rules#

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add SCHE, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.

The details#

Prices come from Tactfolio’s stored daily prices for SCHE and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.

Fund facts come from Schwab. We checked them on October 17, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.

Common questions#

What is the expense ratio of SCHE?#

SCHE charges 0.06% a year, according to Schwab as of October 17, 2026. That is about $6 a year for every $10,000 you hold.

When did SCHE start trading?#

SCHE started trading on January 14, 2010. It is run by Schwab.

What does SCHE track?#

SCHE tracks the FTSE Emerging Index. This fund owns shares of about 2,100 companies in emerging markets.

How much has SCHE returned per year?#

From January 2010 to October 2026, SCHE returned about 4.6% a year with dividends reinvested. Its worst drop was −36.2%. Past returns do not tell you what it will do next.

Is SCHE above its 200-day moving average?#

On October 16, 2026, SCHE closed 0.6% above its 200-day moving average. This page updates after each US market close.

Which strategies use SCHE?#

None of Tactfolio’s classic strategies hold SCHE yet. You can test it in your own rules in the builder.

Sources#

Schwab: Schwab Emerging Markets Equity ETF fund page