SCHE: Schwab Emerging Markets Equity ETF

Schwab Emerging Markets Equity ETF (SCHE) is an exchange-traded fund (ETF) run by Schwab. This fund owns shares of about 2,100 companies in emerging markets. It charges 0.06% a year. From January 2010 to October 2026 it returned about 4.6% a year, and its worst drop was −36.2%.

Written by the Tactfolio research team. Fund facts checked October 17, 2026. Prices through October 16, 2026.

Yearly fee
0.06%
about $6 on $10,000
Return per year
4.6%
since January 2010
Worst drop
−36.2%
since 2010
Started trading
Jan 2010
Schwab

Key points

  • Expense ratio: 0.06% a year (about $6 on $10,000).
  • Started trading on January 14, 2010.
  • Worst drop since 2010: −36.2%.
  • No Tactfolio classic strategies hold it.

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.

FactSCHE
Full nameSchwab Emerging Markets Equity ETF
IssuerSchwab
Expense ratio0.06% a year
Started tradingJanuary 14, 2010
TracksFTSE Emerging Index
TypeEmerging market stocks, ETF
Holdings2,137 holdings as of February 28, 2026
Facts checkedOctober 17, 2026 on the Schwab fund page

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.

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

How has SCHE done since 2010?#

$10k$20k20112013201520172019202120232025
SCHEGrowth 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. Say you put in $10,000 at the start. It would have been worth about $21,376 at the end, with every dividend reinvested.

MeasureSCHE
Total return113.8%
Return per year (CAGR)4.6%
Worst drop from a high−36.2%
Volatility (how much it swings)20.2%
Last 12 months9.3%
Last 3 years, per year17.7%
Last 5 years, per year5.5%
Last 10 years, per year7.6%

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 year#

YearSCHE return
2026 (part of the year)9.1%
202526.5%
202410.6%
20238.9%
2022−17.8%
2021−0.7%
202014.5%
201920.3%
2018−13.5%
201732.7%
201613.0%
2015−16.3%
20140.0%
2013−4.3%
201217.9%
2011−19.2%
2010 (part of the year)15.5%

What was SCHE’s worst drop?#

0%−10%−20%−30%20112013201520172019202120232025
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.

The chart shows how far below its last high the fund was on each day. Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

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. 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.

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.

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#