SCHM — Schwab U.S. Mid-Cap ETF

SCHM Price Performance — Growth of $10,000

Value of a $10,000 investment in SCHM over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

SCHM Drawdown

The "underwater" chart: SCHM's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Schwab U.S. Mid-Cap ETF (SCHM) is a fund managed by Schwab ETFs that operates within the US Mid Cap category, which currently contains 14 ETFs tracked by ETFValuer. With assets under management totaling $15.3 billion and a share price of $34.82, the fund demonstrates significant investor adoption relative to its category peers. It holds an overall rank of #157 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 66.3 out of 100. The fund offers a low-cost structure with an expense ratio of just 0.03% while providing a dividend yield of 1.20%. These metrics suggest a cost-efficient vehicle for accessing the mid-cap segment, supported by substantial capital inflows. The combination of a high AUM and a competitive expense ratio positions the fund as a widely utilized option within its specific investment universe.

Over the most recent trading day, the fund declined by 0.43%, following a broader weekly drop of 1.50% and a monthly loss of 3.79%. Despite these short-term setbacks, the fund has posted positive returns over longer horizons, including a 3-month gain of 3.51% and a 6-month increase of 9.41%. Year-to-date performance has been robust at +14.86%, while the one-year return stands at +21.31%. The three-year return figure reaches +49.95%, indicating a strong accumulation of value over the medium to long term. This pattern shows a divergence where recent short-term volatility contrasts with sustained positive growth over the past year and beyond. The trajectory suggests that while the fund experiences periodic pullbacks, the longer-term trend remains upward.

The fund carries a Moderate volatility label and exhibits a beta of 1.05, indicating that its price movements tend to be slightly more sensitive to market fluctuations than the broader benchmark. A Sharpe ratio of 0.99 suggests the fund has generated a reasonable amount of excess return per unit of risk taken over the measured period. However, the maximum drawdown of -23.27% highlights the potential for significant temporary losses during market downturns. This combination of a beta slightly above 1.0 and a substantial drawdown implies the fund can experience amplified declines when the market falls. Conversely, the positive Sharpe ratio and long-term returns indicate that the fund has historically compensated investors for this elevated risk profile over extended timeframes.

AI-generated summary based on the data on this page.

SCHM Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 13.5% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SCHM's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SCHM

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SCHM's top 10 — SCHA overlaps most, holding 4 of the same companies as SCHM's top 10 (7.1% of SCHM's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SCHM Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 1.1M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $15.3B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SCHM is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

SCHM Performance History

How SCHM Compares to Other US Mid Cap ETFs