ETF Versus

SCHB vs SCHE

Schwab U.S. Broad Market ETF vs Schwab Emerging Markets Equity ETF

Last updated: 2026-04-02

SCHB Schwab

Schwab U.S. Broad Market ETF (SCHB) is an exchange-traded fund issued by Schwab that provides exposure to the total U.S. stock market across all capitalizations. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.17%. Launched in 2009, the fund has a 17-year track record.

AUM: N/A ER: 0.03% Yield: 1.17% Since: 2009-11-03
SCHE Schwab

Schwab Emerging Markets Equity ETF (SCHE) is an exchange-traded fund issued by Schwab that provides exposure to stocks in emerging market economies with higher growth potential. It charges a low expense ratio of 0.11%. The fund offers an attractive dividend yield of 2.87%. Launched in 2010, the fund has a 16-year track record.

AUM: N/A ER: 0.11% Yield: 2.87% Since: 2010-01-14

Quick Verdict

SCHB has a slightly lower expense ratio (0.03% vs 0.11%), saving about $159 per $10,000 over 10 years. SCHE has edged ahead over the past year (18.3% vs 16.2%). Income investors may prefer SCHE for its higher yield (2.9% vs 1.2%).

Key Metrics

Metric SCHB SCHE
Expense Ratio 0.03% 0.11%
Dividend Yield 1.2% 2.9%
Fund Family Schwab Schwab
Category US Total Market Emerging Markets

Performance Chart

Indexed to 100 at start (5-year comparison)

65 85 105 125 145 165 2021-04 2022-06 2023-10 2024-12 2026-04
SCHB +53.2%
SCHE +2.1%

Performance Comparison

Period SCHB SCHE Difference
1 Month -3.66% -2.32% -1.34%
3 Months -3.88% -2.03% -1.85%
6 Months -2.47% -3.04% +0.57%
YTD -3.88% -2.03% -1.85%
1 Year +16.22% +18.31% -2.09%
3 Years +58.06% +33.24% +24.82%
5 Years +53.21% +2.12% +51.09%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SCHB Fees SCHE Fees You Save
$10,000 10 years $60 $219 $159
$10,000 20 years $258 $940 $682
$10,000 30 years $835 $3,030 $2,195
$50,000 10 years $299 $1,094 $795
$50,000 30 years $4,176 $15,149 $10,973
$100,000 30 years $8,352 $30,297 $21,945

Risk Metrics

Based on 5 years of daily returns

Metric SCHB SCHE
Annualized Volatility 17.3% 17.7%
Max Drawdown -26.2% -35.8%
Sharpe Ratio 0.32 -0.14

Dividend Comparison

Metric SCHB SCHE
Annual Dividend (per share) $0.30 $0.94
Dividend Yield 1.17% 2.87%
Distribution Frequency Quarterly Semi-Annual or Annual

Which One Should You Choose?

Choose SCHB if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose SCHE if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose SCHE if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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