EBIT vs SCHA: Grades, Fees and Holdings Compared

Harbor AlphaEdge Small Cap Earners ETF (EBIT)

EBITCNYSE Arca

Schwab U.S. Small-Cap ETF

SCHAANYSE Arca

Overlap

27.8%by weight

Expense ratio

SCHA −0.26pt a year

EBIT0.29%SCHA0.03%

Avg volume · 30D

SCHA 5742.0×the volume

EBIT533SCHA3.06M

EBIT vs SCHA Performance

Oct 31, 2025 – Oct 30, 2026

+19.1%EBIT+18.9%SCHA

Expense ratio: EBIT 0.29%; SCHA 0.03%, better
Fund size: EBIT $13M; SCHA $22B
1Y total return: EBIT +19.1%, better; SCHA +18.9%
Yield (12M): EBIT 1.72%, better; SCHA 1.12%
Holdings: EBIT 594; SCHA 1743
Avg volume (30D): EBIT 533 sh; SCHA 3.06M sh, better
NAV per share: EBIT $38.92; SCHA $33.00
52W range

ETF.net Grade

Pillar letters and Scores for EBIT, SCHA, with each pillar’s weight
Pillar	EBIT	SCHA
Cost30% weight	D25	A91Higher
Mission25% weight	A89	A95Higher
Risk15% weight	A74Higher	C40
Tradability15% weight	F18	A86Higher
Holdings10% weight	D38	A81Higher
Durability5% weight	F20	A77Higher

Rank among US Small-Cap funds

How we build Categories ›

Same Category. EBIT and SCHA are both graded against the same 16 US Small-Cap funds, so their Grades compare head to head.

US Small-Cap⁠

Category · 16 funds

See all 16 ›

SCHA ranks 1st and EBIT 11th of 16 funds in the US Small-Cap Category.

Rank 1ASCHASchwab U.S. Small-Cap ETFScore 81
Rank 2AVBVanguard Morningstar Small-Cap ETFScore 77
Rank 10BBBSCJPMorgan BetaBuilders U.S. Small Cap Equity ETFScore 61
Rank 11CEBITHarbor AlphaEdge Small Cap Earners ETF (EBIT)Score 48
Rank 12CFDMFirst Trust Dow Jones Select MicroCap Index FundScore 44

Our read on each fund

ETF.net Research

EBITCHarbor AlphaEdge Small Cap Earners ETF (EBIT)

SCHAASchwab U.S. Small-Cap ETF

In short

EBIT Harbor skipped the licensed benchmarks and built its own small-cap index, and EBIT is the wrapper. Roughly 600 small caps, house rules, priced a shade above the plain-vanilla crowd.

SCHA Schwab's small-cap workhorse: three basis points, roughly 1,700 companies, and a mandate to hold the slice of the US market that sits below the large and mid caps. Running since 2009.

Stated mandate

EBIT The fund seeks to track, before fees and expenses, the performance of the Harbor AlphaEdge Small Cap Earners Index.

SCHA The fund seeks to closely track, before fees and expenses, the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. It generally invests in that index’s small-cap stocks and normally places at least 90% of net assets in them.

Why people hold it

EBIT Does what the prospectus says: track the Harbor AlphaEdge Small Cap Earners Index, with very little drift between fund and benchmark.
Roughly 600 small caps in one ticker, so no single name drives the outcome.
At 0.29% a year, it charges index-fund money for a rules-based screen rather than active-manager money.

SCHA At 0.03% a year, it is tied for the cheapest fund in its small-cap peer group and a fraction of the 0.25% category median. The fee is the one variable you know in advance.
Roughly 1,700 stocks, weighted by size. That is the whole small-cap tail rather than a curated shortlist, and no single name gets to steer the portfolio.
The contract is plain: at least 90% of net assets in the Dow Jones U.S. Small-Cap Total Stock Market Index, and it has tracked that benchmark closely.
Sixteen years old, multi-billion-dollar, actively traded, and pays quarterly. One of the sturdier implementations among the broad small-cap index funds we cover.

Worth knowing

EBIT A small, thinly traded fund. Spreads can run wider than in the category's heavyweights, which makes order type matter more.
That 0.29% sits above the 0.25% small-cap median and far above core beta like VB and SCHA at 0.03%.
Launched in 2024, so the index has not yet been tested across a full market cycle.

SCHA Small caps move harder than large caps in both directions. This fund takes the full ride with no hedge, buffer, or volatility damper in the design.
The index sorts by size, not quality. Unprofitable and lightly covered companies come along with everything else, since no earnings screen sits in front of the portfolio.
It follows a Dow Jones small-cap index, not the Russell 2000 that IWM and VTWO track, so its returns and headlines about that benchmark will not line up exactly.

Full EBIT profile⁠

Full SCHA profile⁠

EBIT vs SCHA Holdings

How EBIT and SCHA differ

Overlap by weight

27.8%

Shared holdings make up 88.7% of EBIT and 28.4% of SCHA.

Level by level

Holdings488 in both27.8%
Sector11 Sectors78.7%
Countryby domicile98.4%
Asset classEquity100%

Sector

Sector weights in EBIT and SCHA, widest gap first
Sector	More in EBITMore in SCHA	EBIT	SCHA
Health Care	SCHA +11.8 points	5.2%	17.0%
Financials	EBIT +10.7 points	27.9%	17.2%
Technology	SCHA +8.2 points	7.3%	15.5%
Energy	EBIT +5.1 points	10.8%	5.7%
Consumer Discretionary	EBIT +4.2 points	15.3%	11.1%
Industrials	SCHA +1.0 points	13.1%	14.1%
Real Estate	EBIT +0.7 points	7.7%	7.0%
Utilities	EBIT +0.3 points	2.8%	2.5%
Materials	SCHA +0.2 points	4.0%	4.2%
Consumer Staples	SCHA +0.2 points	2.9%	3.0%
Communication	EBIT +0.1 points	3.0%	2.9%

Country, concentration and asset class

Country by domicile

Country weights in EBIT and SCHA, widest gap first
Country	More in EBITMore in SCHA	EBIT	SCHA
Brazil	EBIT +1.4 points	1.6%	0.2%
United States	SCHA +1.0 points	97.9%	98.9%
Other countries (12)	SCHA +0.4 points	0.4%	0.8%

Concentration

Weight in the 10 largest Holdings

EBIT7.9%
SCHA2.9%

Securities held

EBIT594
SCHA1,743

Asset class

EBIT: Equity
SCHA: Equity

Holdings

Only in EBIT106
In both488
Only in SCHA1,255

Only in EBIT

106 securities, 11.3% of EBIT by weight

Marex Group Ltd0.64%
Pagseguro Digital Ltd-Cl A0.64%
Scorpio Tankers Inc0.59%
Stoneco Ltd-A0.46%
Hamilton Insurance Grou-Cl B0.41%
Teekay Tankers Ltd-Class A0.40%
Teekay Corp Ltd0.37%
Brightstar Lottery PLC0.36%
Wiley (John) & Sons-Class A0.28%
Information Services Group0.28%
Moog Inc-Class A0.26%
Costamare Inc0.24%
United Parks & Resorts Inc0.22%
Constellium SE0.19%
Astrana Health Inc0.18%
Happen Inc0.18%
Borr Drilling Ltd0.16%
Octave Specialty Group Inc0.16%
Onity Group Inc0.15%
Bladex Inc0.14%
Ardmore Shipping Corp0.14%
Ziff Davis Inc0.14%
Mistras Group Inc0.12%
Rcm Technologies Inc0.12%
Golar Lng Ltd0.11%
Rocky Brands Inc0.11%
Consumer Portfolio Services0.11%
Concrete Pumping Holdings In0.11%
Unity Bancorp Inc0.11%
Csw Industrials Inc0.11%
BANK7 Corp0.11%
Greenlight Capital Re Ltd-A0.11%
Oppfi Inc0.11%
Paysafe Ltd0.10%
Climb Global Solutions Inc0.10%
Super Group Sghc Ltd0.09%
Capital Bancorp Inc/Md0.09%
Peoples Financial Services0.09%
Home Bancorp Inc0.09%
Oak Valley Bancorp0.08%
Ranger Energy Services-Cl A0.08%
Cpi Card Group Inc0.08%
Carter Bankshares Inc0.07%
Mastercraft Boat Holdings In0.07%
Community West Bancshares0.07%
Colony Bankcorp0.07%
Rbb Bancorp0.07%
Pcb Bancorp0.07%
Village Super Market-Class A0.07%
Greene County Bancorp Inc0.07%

Only in SCHA

1,255 securities, 71.6% of SCHA by weight

Halozyme Therapeutics0.35%
Glaukos0.34%
Wayfair Class A0.33%
Bitmine Immersion Technologies0.31%
American Healthcare Reit0.27%
Twist Bioscience0.27%
Ensign Group0.26%
Ryder System0.26%
Viasat Inc0.25%
Wintrust Financial0.25%
Affiliated Managers Group0.25%
Southstate Bank Corp0.24%
Littelfuse0.24%
Brightspring Health Services Inc0.24%
Flowserve0.24%
Popular0.24%
New York Times Class A0.24%
Solstice Advanced Materials Inc0.24%
Rambus0.23%
10X Genomics Class A0.23%
Hecla Mining0.23%
Watts Water Technologies Class A0.23%
Protagonist Therapeutics0.22%
Globus Medical Class A0.22%
Sanmina0.22%
Viper Energy Inc Class A0.22%
Allison Transmission Holdings0.22%
Kymera Therapeutics0.21%
Brixmor Property Group Reit Inc0.21%
Cytokinetics0.21%
Columbia Banking System Inc0.21%
Primerica0.21%
Prosperity Bancshares0.21%
Darling Ingredients0.21%
Sentinelone Inc Class A0.21%
Krystal Biotech0.20%
Vaxcyte0.20%
Madrigal Pharmaceuticals0.20%
Caretrust Reit0.20%
Gitlab Class A0.20%
Arrowhead Pharmaceuticals0.20%
Chord Energy0.20%
Agree Realty Reit0.20%
Spx Technologies Inc0.20%
Oshkosh Corp0.20%
Valmont Inds0.20%
Idacorp0.20%
Ugi0.20%
Tg Therapeutics0.20%
Viavi Solutions0.20%

Weight gaps

The 100 widest of 488 Holdings in both funds.

Holding weights in EBIT and SCHA, widest gap first
Holding	More in EBITMore in SCHA	EBIT	SCHA
Navient Holdings IncNAVI	EBIT +1.86 points	1.87%	0.01%
Pennymac Financial ServicesPFSI	EBIT +0.66 points	0.71%	0.04%
Stonex Group IncSNEX	EBIT +0.63 points	0.77%	0.14%
Jackson Financial Inc-AJXN	EBIT +0.58 points	0.78%	0.20%
Community Health Systems IncCYH	EBIT +0.53 points	0.54%	<0.01%
Bread Financial Holdings IncBFH	EBIT +0.52 points	0.62%	0.10%
Abercrombie & Fitch Co-Cl AANF	EBIT +0.53 points	0.70%	0.17%
Cvr Energy IncCVI	EBIT +0.50 points	0.54%	0.04%
Cnx Resources CorpCNX	EBIT +0.48 points	0.61%	0.13%
Enact Holdings IncACT	EBIT +0.44 points	0.47%	0.03%
Group 1 Automotive IncGPI	EBIT +0.43 points	0.50%	0.07%
International Seaways IncINSW	EBIT +0.43 points	0.54%	0.11%
Federal Agric Mtg Corp-Cl CAGM	EBIT +0.42 points	0.47%	0.05%
Highpeak Energy IncHPK	EBIT +0.38 points	0.39%	<0.01%
Diebold Nixdorf IncDBD	EBIT +0.38 points	0.43%	0.05%
Asbury Automotive GroupABG	EBIT +0.37 points	0.46%	0.09%
Nelnet Inc-Cl ANNI	EBIT +0.37 points	0.41%	0.04%
Meritage Homes CorpMTH	EBIT +0.37 points	0.47%	0.10%
Gray Media IncGTN	EBIT +0.36 points	0.37%	<0.01%
Northern Oil and Gas IncNOG	EBIT +0.36 points	0.43%	0.07%
Essent Group LtdESNT	EBIT +0.36 points	0.50%	0.14%
Murphy Oil CorpMUR	EBIT +0.35 points	0.49%	0.14%
Matson IncMATX	EBIT +0.36 points	0.52%	0.16%
Old National BancorpONB	EBIT +0.34 points	0.54%	0.20%
Hilton Grand Vacations IncHGV	EBIT +0.33 points	0.38%	0.05%
F&G Annuities & Life IncFG	EBIT +0.33 points	0.35%	0.02%
Cal-Maine Foods IncCALM	EBIT +0.32 points	0.39%	0.07%
Embecta CorpEMBC	EBIT +0.32 points	0.33%	<0.01%
Kohls CorpKSS	EBIT +0.32 points	0.39%	0.07%
Uniti Group IncUNIT	EBIT +0.31 points	0.33%	0.02%
Huron Consulting Group IncHURN	EBIT +0.30 points	0.37%	0.07%
Kb HomeKBH	EBIT +0.29 points	0.36%	0.07%
Radian Group IncRDN	EBIT +0.29 points	0.40%	0.11%
Valley National BancorpVLY	EBIT +0.29 points	0.45%	0.16%
Mercury General CorpMCY	EBIT +0.29 points	0.35%	0.06%
Axos Financial IncAX	EBIT +0.28 points	0.40%	0.12%
Academy Sports & Outdoors InASO	EBIT +0.28 points	0.37%	0.09%
Surgery Partners IncSGRY	EBIT +0.28 points	0.32%	0.04%
Atlanticus Holdings CorpATLC	EBIT +0.28 points	0.29%	0.01%
Quaker Chemical CorporationKWR	EBIT +0.27 points	0.32%	0.05%
Home Bancshares IncHOMB	EBIT +0.27 points	0.40%	0.13%
California Resources CorpCRC	EBIT +0.26 points	0.37%	0.11%
U.s. Physical Therapy IncUSPH	EBIT +0.26 points	0.29%	0.03%
Herc Holdings IncHRI	EBIT +0.26 points	0.39%	0.13%
International Bancshares CrpIBOC	EBIT +0.25 points	0.34%	0.09%
Green Brick Partners IncGRBK	EBIT +0.26 points	0.30%	0.04%
Dream Finders Homes Inc - ADFH	EBIT +0.25 points	0.26%	<0.01%
Kinetik Holdings IncKNTK	EBIT +0.25 points	0.34%	0.09%
Herbalife LtdHLF	EBIT +0.25 points	0.28%	0.03%
Velocity Financial IncVEL	EBIT +0.25 points	0.25%	<0.01%
Cathay General BancorpCATY	EBIT +0.25 points	0.35%	0.10%
Noble Corp PLCNE	EBIT +0.24 points	0.38%	0.14%
Qualys IncQLYS	EBIT +0.24 points	0.43%	0.19%
Hancock Whitney CorpHWC	EBIT +0.23 points	0.37%	0.14%
M/I Homes IncMHO	EBIT +0.23 points	0.31%	0.08%
Nabors Industries LtdNBR	EBIT +0.23 points	0.26%	0.03%
Signet Jewelers LtdSIG	EBIT +0.23 points	0.34%	0.11%
Victory Capital Holding - AVCTR	EBIT +0.23 points	0.36%	0.13%
Cno Financial Group IncCNO	EBIT +0.23 points	0.35%	0.12%
Phibro Animal Health Corp-APAHC	EBIT +0.22 points	0.24%	0.02%
United Bankshares IncUBSI	EBIT +0.22 points	0.38%	0.16%
Urban Outfitters IncURBN	EBIT +0.22 points	0.35%	0.13%
Cabot CorpCBT	EBIT +0.22 points	0.31%	0.09%
Artisan Partners Asset Ma -AAPAM	EBIT +0.22 points	0.28%	0.06%
Energizer Holdings IncENR	EBIT +0.22 points	0.25%	0.03%
Fulton Financial CorpFULT	EBIT +0.21 points	0.32%	0.11%
First Interstate Bancsys-AFIBK	EBIT +0.22 points	0.29%	0.07%
Umb Financial CorpUMBF	EBIT +0.22 points	0.45%	0.23%
Insight Enterprises IncNSIT	EBIT +0.22 points	0.34%	0.12%
Cushman & Wakefield LtdCWK	EBIT +0.21 points	0.28%	0.07%
Wsfs Financial CorpWSFS	EBIT +0.21 points	0.31%	0.10%
Walker & Dunlop IncWD	EBIT +0.21 points	0.24%	0.03%
United Community Banks/GaUCB	EBIT +0.20 points	0.31%	0.11%
Eplus IncPLUS	EBIT +0.21 points	0.27%	0.06%
O-I Glass IncOI	EBIT +0.21 points	0.23%	0.02%
Valaris LtdVAL	EBIT +0.20 points	0.36%	0.16%
First Bancorp Puerto RicoFBP	EBIT +0.20 points	0.30%	0.10%
Boise Cascade CoBCC	EBIT +0.21 points	0.27%	0.06%
Graham Holdings Co-Class BGHC	EBIT +0.20 points	0.29%	0.09%
Siriuspoint LtdSPNT	EBIT +0.20 points	0.26%	0.06%
Yelp IncYELP	EBIT +0.20 points	0.22%	0.02%
Terex CorpTEX	EBIT +0.20 points	0.35%	0.15%
Ardent Health IncARDT	EBIT +0.19 points	0.20%	<0.01%
Ameris BancorpABCB	EBIT +0.20 points	0.32%	0.12%
Genworth Financial IncGNW	EBIT +0.20 points	0.28%	0.08%
Spire IncSR	EBIT +0.19 points	0.31%	0.12%
Griffon CorpGFF	EBIT +0.19 points	0.28%	0.09%
Sl Green Realty CorpSLG	EBIT +0.19 points	0.28%	0.09%
Brink's Co/TheBCO	EBIT +0.19 points	0.29%	0.10%
Kontoor Brands IncKTB	EBIT +0.19 points	0.28%	0.09%
Pursuit Attractions and HospPRSU	EBIT +0.19 points	0.22%	0.03%
First Financial BancorpFFBC	EBIT +0.19 points	0.27%	0.08%
Enova International IncENVA	EBIT +0.18 points	0.29%	0.11%
Skywest IncSKYW	EBIT +0.18 points	0.27%	0.09%
Bankunited IncBKU	EBIT +0.19 points	0.26%	0.07%
Myers Industries IncMYE	EBIT +0.18 points	0.21%	0.03%
Gatx CorpGATX	EBIT +0.18 points	0.33%	0.15%
National Beverage CorpFIZZ	EBIT +0.18 points	0.20%	0.02%
Atlantic Union Bankshares CoAUB	EBIT +0.19 points	0.32%	0.13%
Kite Realty Group TrustKRG	EBIT +0.18 points	0.30%	0.12%

All 597 EBIT holdings⁠All 1,748 SCHA holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EBIT vs SCHA Cost

Overpaying EBIT vs SCHA

$5,314

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EBIT 0.29%
$5,952
SCHA 0.03%
$638

Amount$10,000

Years30 years

Cost over time

EBIT 0.29%
SCHA 0.03%
Overpaying

Year by year

Year	EBIT	SCHA	Overpaying
10	$527	$55	$472
20	$2,044	$216	$1,828
30	$5,952	$638	$5,314

Expense ratio

0.29%EBIT
0.03%SCHA, cheaper

SCHA0.03%EBIT0.29%

0.03%0.60%

Middle half of US Small-Cap funds
Median 0.20%

SCHA cheapest of 16 funds

EBIT 12th cheapest of 16 funds

EBIT vs SCHA Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EBIT 1.72%, better; SCHA 1.12%
Payout (12M): EBIT $0.67; SCHA $0.37
Last payment: EBIT $0.67; SCHA $0.10
Ex-dividend: EBIT Dec 19, 2025; SCHA Sep 23, 2026
Paid on: EBIT Dec 24, 2025; SCHA Sep 28, 2026
Frequency: EBIT Irregular; SCHA Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EBITIrregular · 2 paymentsAll EBIT payments⁠

SCHAQuarterly · 40 paymentsAll SCHA payments⁠

EBIT vs SCHA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: EBIT 15.9%since Aug 2024SCHA 18.6%
Return per unit of riskSharpe ratio, 3 years: EBIT 0.29since Aug 2024SCHA 0.88
Worst fallMax drawdown, 5 years: EBIT −26.6%since Jul 2024SCHA −30.8%
Market sensitivityBeta, 5 years: EBIT 0.84SCHA 1.12; Market = 1

EBIT and SCHA in the news

All news⁠

Best ETFs
Best small-cap ETFs: Vanguard’s VB beats three great funds all charging just 0.03%
Updated Nov 2, 2026SCHA
Best ETFs
Schwab and Vanguard charge the same 0.03%. Their small-cap funds are 3.7 percentage points apart
Updated Oct 2, 2026SCHA

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