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 mid-cap equity fund issued by Schwab ETFs, one of the 14 ETFs tracked in its category. With an overall rank of #125 out of 458 tracked ETFs, SCHM holds a moderate position in the ranking. The fund has an expense ratio of 0.03%, which is relatively low, and a dividend yield of 1.27%, indicating a modest income stream for investors. The fund's assets under management (AUM) stand at $14.5B, suggesting a significant level of investor adoption and confidence in the fund's performance and management.

Over the past year, the Schwab U.S. Mid-Cap ETF (SCHM) has shown a strong performance with a 1-year return of +27.16%. This is followed by a 3-year return of +60.81%, indicating a consistent upward trend. The fund's returns have been positive across all time horizons, with the most recent 1-month return of +2.79% and a 3-month return of +4.94%. The 1-year return of +27.16% is notably higher than the 1-month return of +0.67%, suggesting a strong long-term performance compared to short-term fluctuations. The 1-year return is also higher than the 1-week return of -1.47%, indicating a recovery in value over the past month.

The Schwab U.S. Mid-Cap ETF (SCHM) is labeled as having a moderate volatility, which suggests that the fund's price movements are within a typical range for mid-cap equity funds. With a beta of 1.06, the fund's price tends to move in line with the overall market, but with slightly higher volatility. The Sharpe ratio of 1.32 indicates that the fund provides a good risk-adjusted return, meaning that the excess return per unit of deviation in the fund's returns is relatively high. The maximum drawdown of -23.27% suggests that the fund experienced a significant decline in value at one point, but it has since recovered. This combination of moderate volatility, a beta close to 1, a high Sharpe ratio, and a significant drawdown implies that the fund is suitable for investors who are willing to accept some market risk for the potential of higher returns, particularly in a rising market environment.

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: 4.69% (as of 2026-08-20) — 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): 16.01 (as of 2026-08-20) — 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 2026-07-01) — 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 1.32% and average daily volume is 906K/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 $14.5B 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