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 with $14.3 billion in assets under management. It holds a B grade (67.3/100) and ranks 5th out of 14 peers in the US Mid Cap category, placing it 153rd among all tracked ETFs. The fund’s 0.03% expense ratio is significantly lower than the category median of 0.15%, offering a cost advantage to investors. With a dividend yield of 1.29%, it provides slightly higher income than the category median of 1.26%. The top 10 holdings represent 13.5% of assets, with Sandisk Corp/DE serving as the largest single position at 4.6%.

Price action shows the fund trading at $34.47, which sits at 71.7% of its 52-week range between $28.25 and $36.92. Short-term returns have been negative, with the 1-month return at -2.10% and the 3-month return at -3.39%. This contrasts with stronger longer-term performance, as the 1-year return stands at +17.45%, outpacing the category median of +13.54%. Year-to-date gains of +14.13% and a 3-year total return of +62.78% indicate sustained growth over extended periods. The ETFValuer grade has remained unchanged at B across the last 35 tracked days, reflecting stable assessment metrics. Historical price data is available for 3.0 years, providing a limited but sufficient record for analysis.

The fund exhibits a beta of 1.08, indicating it moves slightly more than the broader market. Annualized volatility is recorded at 16.76%, which is classified as Moderate. A Sharpe ratio of 0.74 suggests the fund has generated reasonable risk-adjusted returns relative to its volatility. The maximum drawdown of -23.27% highlights the peak-to-trough decline experienced during the measurement period. Liquidity is supported by an average daily volume of 1,633,767 shares, facilitating ease of trading. These metrics collectively describe a fund with moderate risk characteristics and decent efficiency in return generation.

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: 5.28% (as of 2026-10-07) — 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): 15.08 (as of 2026-10-07) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SCHM Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 1.6M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $14.3B 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