SCHEvsGMFETF Comparison
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Schwab Emerging Markets Equity ETF (SCHE) belongs to the EM Large & Mid Cap segment. State Street SPDR S&P Emerging Asia Pacific ETF (GMF) is part of the EM Blended Cap segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. SCHE is less expensive with a Total Expense Ratio (TER) of 0.06%, versus 0.49% for GMF. SCHE is up 14% year-to-date (YTD) with +$22M in YTD flows. GMF performs better with 14.46% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of SCHE and GMF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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SCHE vs GMF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SCHE GMF | +1.33%+1.11% | +4.25%+3.13% | +14.00%+14.46% | +20.01%+19.09% | +66.62%+68.58% | +37.11%+37.64% |
| Flows | SCHE GMF | +$55M-$8M | +$62M+$24M | +$22M+$2M | +$320M-$12M | +$278M-$77M | +$1.46B-$231M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SCHE GMF | +15.99%+18.15% | +16.02%+16.74% | +14.61%+15.24% | +15.43%+16.04% |
| Max drawdown | SCHE GMF | -5.65%-8.05% | -10.67%-11.55% | -14.57%-18.08% | -30.54%-33.25% |
| Max drawdown duration | SCHE GMF | 64d79d | 57d65d | 223d261d | 1072d1044d |
Trading data
SCHE | GMF | |
Last sale 9/10/2026 at 6:40 PM | $36.72 | $155.52 |
| Previous close 09/09/2026 | $37.26 | $157.86 |
| Consolidated volume 09/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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SCHE | GMF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/10/2026 at 6:40 PM
Live
Closed
SCHE | GMF | |
|---|---|---|
| Last price | $36.72 | $155.52 |
| 1D performance | -1.45% | -1.48% |
| AuM | $13.11 B | $437.71 M |
| E/R | 0.06% | 0.49% |
Characteristics
SCHE | GMF | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Schwab ETFs | State Street Investment Management |
| Benchmark | FTSE Emerging Index | S&P Emerging Asia Pacific BMI Index |
| N° of holdings | 1333 | 1232 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 14, 2010 | March 20, 2007 |
| ESG | No | No |
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Exposure
Countries
SCHE
Taiwan
25.2%
China
25.11%
India
18.57%
Other
31.13%
GMF
Taiwan
38.52%
China
31.07%
India
20.2%
Other
10.2%
Sectors
SCHE
Technology
30.4%
Finance
26.41%
Consumer Non-Cycl.
8.26%
Non-Energy Materi.
7.8%
Other
27.12%
GMF
Technology
41.59%
Finance
18.24%
Consumer Non-Cycl.
7.23%
Non-Energy Materi.
7.22%
Other
25.72%
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Diversification
SCHE
Total weight of top 15 holdings out of 15
36.22%
GMF
Total weight of top 15 holdings out of 15
35.09%
Top 15 holdings
Data as of July 31, 2026
SCHE
Taiwan Semiconductor Manufacturing Co., Ltd.
19.32%
Tencent Holdings Ltd.
3.99%
Alibaba Group Holding Ltd.
2.92%
China Construction Bank Corp.
1.15%
Hon Hai Precision Industry Co., Ltd.
1.04%
Reliance Industries Ltd.
1.01%
HDFC Bank Ltd.
0.99%
ICICI Bank Ltd.
0.91%
Industrial & Commercial Bank of China Ltd.
0.85%
PDD Holdings, Inc.
0.74%
Meituan
0.71%
Xiaomi Corp.
0.71%
Bharti Airtel Ltd.
0.68%
ASE Technology Holding Co., Ltd.
0.62%
Vale SA
0.58%
GMF
Taiwan Semiconductor Manufacturing Co., Ltd.
11.46%
Taiwan Semiconductor Manufacturing Co., Ltd.
5.74%
Tencent Holdings Ltd.
3.75%
Alibaba Group Holding Ltd.
2.87%
MediaTek, Inc.
1.87%
Hon Hai Precision Industry Co., Ltd.
1.23%
China Construction Bank Corp.
1.22%
Delta Electronics, Inc.
1.07%
Reliance Industries Ltd.
0.96%
HDFC Bank Ltd.
0.94%
ICICI Bank Ltd.
0.92%
ASE Technology Holding Co., Ltd.
0.88%
Industrial & Commercial Bank of China Ltd.
0.84%
Bharti Airtel Ltd.
0.67%
PDD Holdings, Inc.
0.65%
Frequently asked questions about SCHE and GMF
How have the SCHE and GMF ETFs performed in 2026?
As of September 9, 2026, SCHE is up 14% year-to-date (YTD), while GMF has returned 14.46%. That puts GMF better performer ahead so far this year.
Which ETF is attracting more investor money: SCHE or GMF?
Year-to-date, the SCHE ETF saw +$22M in flows, compared to +$2M for GMF.
Which ETF is more volatile: SCHE or GMF?
Over the past year, SCHE had a volatility of 16.02%, while GMF experienced 16.74%.
Which ETF is bigger: SCHE or GMF?
As of September 9, 2026, SCHE holds $13.11 B in assets under management (AUM), while GMF manages $437.71 M.
What sectors do the SCHE and GMF ETFs invest in?
SCHE leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, GMF focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the SCHE ETF and GMF ETF?
SCHE top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Tencent Holdings Ltd. and Alibaba Group Holding Ltd.. GMF holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Taiwan Semiconductor Manufacturing Co., Ltd. and Tencent Holdings Ltd..
Which ETF is more diversified: SCHE or GMF?
SCHE holds 1404 securities with 36.22% of its assets in the top 15. GMF has 1261 securities and a top 15 weight of 35.09%.
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