Average % Return of all 52-Week periods since May 6, 2002
Schwab Equity Ratings® are designed to help investors research individual equities. Ratings are generally updated weekly. Starting the 26th week after a rating appears, Schwab presents the performance (change in price, plus dividends, if any) of all rated stocks, sorted by their rating on the start date.

Model performance calculations do not account for transaction and other costs, so a typical investor would likely not achieve the same results. To learn more, see How Performance is Calculated and Limitations of Model Performance, below.


  Performance Over Recent 26-51 Weeks     Performance over 52-Week Periods  
%
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  52-Week Performance Beginning May 2024
Performance over the last 52 weeks starting
May 6, 2024
Avg. Performance of Stocks Rated A-F 
 Performance for the period 
Average Performance of Schwab Equity Ratings
A B C D F
Benchmark Performance
Avg. Performance 
of Stocks Rated A-F
  May 6, 2024 - May 5, 20252.20  0.34  2.54  -3.65  0.73  0.68  
 Avg of all 52-Week Periods
 Since May 6, 2002		 16.08   14.83   13.54   11.16   5.68   12.96  
Click on a time period to see how individual stocks performed, the number rated, the range of individual stock returns, and the number that advanced and declined within each rating.  Download Report
Certain performance figures may have been updated since the performance period information above was originally published. Please see the list of updated information.

How Schwab Equity Ratings Performance Is Calculated
Schwab calculates performance using the holding period rate of return (for short, the holding period return methodology). The holding period return is the return earned from investing in an asset over a specified time period. Holding period returns are a combination of two separate sources of investment returns, investment income (i.e. dividends) and price appreciation (i.e. capital gains).

First, Schwab creates five Cohorts, defined as all stocks with the same Schwab Equity Rating – A, B, C, D, or F – as of a Start Date, defined as the first day of a Performance Reporting Period (defined below). Schwab then calculates the total return for each stock in each Cohort in three steps: first, add the closing price as of the End Date, defined as the last day of a reporting period, to any dividends received during the Performance Reporting Period. Second, divide that sum by the closing price on the Start Date. Third, subtract one from the result. For example, the total return of a stock with a Start Date price of $20 and an End Date price of $22.20, which paid $1 in dividends during the Performance Reporting Period, would be 16% (= ( [$22.20 + $1.00] / $20) -1) Start Dates and End Dates are the first trading day of the week, generally Mondays. Performance Reporting Periods are generally 52 weeks long (for example, from Dec. 3, 2012 through Dec. 2, 2013).

After individual stock returns are calculated, Schwab averages the total returns for all of the stocks within a cohort during that time period to find the average return.

All stocks within a Schwab Equity Ratings cohort are equal-weighted at the beginning of the performance calculation period, meaning that each stock has the same value relative to any other stock. Performance is calculated assuming stocks are held for the entire holding period, unless the stock has stopped trading due to acquisition, financial distress, delisting by an exchange, or other similar circumstance. If the stock has stopped trading, it is assumed that the stock position was liquidated on the close of its last trading day, without transaction costs. Proceeds, if any, are held as non-interest bearing cash. In instances in which a stock continues to trade but its stock symbol changes during a performance calculation period, the symbol reflected will be the stock's symbol as of the start of the applicable performance calculation period.

After individual stock returns are calculated, Schwab averages the total returns for all of the stocks within a cohort during that time period to find the average return.

Transaction costs such as brokerage commissions, fees or other expenses are not deducted from the total return calculations. Performance would have been lower if such costs were deducted. The amount of the actual commissions and other fees you may pay will vary depending on, among other things, the number of shares you buy and the way you execute the trade (such as via schwab.com or through a Schwab representative ). A list of commission charges and other fees is available on request on by calling (877) 284-9817.

Since ratings are generally updated weekly which may result in some rating changes and subsequent cohort turnover, new performance numbers are also calculated on a weekly basis but may be presented less frequently. Fifty-two week time periods were selected for tracking performance because Schwab Equity Ratings are meant to identify those stocks that will most likely outperform or underperform the broader market over the next 12 months. Shorter time periods have also been included to demonstrate more recent performance. Over time, the model upon which ratings are based may be altered.

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Limitations of Schwab Equity Ratings Model Performance
Model performance results have certain inherent limitations. Unlike an actual performance record, these results do not represent actual investment performance or trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as the effect of limited trading liquidity. No representation is being made that any investor will or is likely to achieve profits or losses similar to those shown.

The results presented should not be viewed as an indicator of the future performance of Schwab Equity Ratings, as an indicator of the returns a Schwab client would have realized or will realize in relying on Schwab Equity Ratings, or as an indicator of the future performance of any individual stock rated by the Schwab Equity Ratings model.

This material is for informational purposes only and is not an offer to sell or the solicitation of an offer to buy. Additionally, Schwab Equity Ratings, Percentile Rankings, and the general guidance are not personal recommendations for any particular investor or client and do not take into account the financial, investment or other objectives or needs of, and may not be suitable for any particular investor or client. Before buying, investors and clients should consider whether the investment is suitable. Investors and clients should consider Schwab Equity Ratings as only a single factor in making their investment decision while taking into account the current market environment. Accordingly, Charles Schwab & Co., Inc. ("Schwab") does not assess the suitability (or the potential value) of any particular investment. Schwab also does not provide tax advice and the views in the material do not take into account any client's or investor's tax situation. Clients and investors should consult their tax advisers before investing. Schwab Equity Ratings utilize third-party data in establishing a rating. While Schwab believes such third-party information is reliable, we do not guarantee its accuracy, timeliness or completeness. Schwab Equity Ratings are generally updated weekly, so you should review and consider any recent market or company news before taking any action.

Stocks may go down as well as up and investors (including clients) may lose money, including their original investment. For individualized advice, please contact Schwab at (877) 284-9817.

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