ETF Evaluator:
Schwab US Mid-Cap ETF™ (SCHM)
Follow This ETF
(as of Jul 31)
Best Performing in Mid-Cap Blend Over the Last Year
| 80.2% | Castellan Targeted Equity ETF (CTEF) |
| 78.7% | Invesco S&P Spin-Off ETF (CSD) |
| 65.3% | Tema Electrification ETF (VOLT) |
| 61.9% | Optimize Strategy Index ETF (OPTZ) |
| 60.7% | Invesco S&P 500® High Beta ETF (SPHB) |
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Risk
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ETF Details
Schwab US Mid-Cap ETF™ Overview
Schwab US Mid-Cap ETF™ (SCHM) is a passively managed U.S. Equity Mid-Cap Blend exchange-traded fund (ETF). Schwab ETFs launched the ETF in 2011.
The investment seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Mid-Cap Total Stock Market Index.
The index includes the mid-cap portion of the Dow Jones U.S. Total Stock Market Index actually available to investors in the marketplace. The Dow Jones U.S. Mid-Cap Total Stock Market Index includes the components ranked 501-1000 by full market capitalization. The index is a float-adjusted market capitalization weighted index. The fund will invest at least 90% of its net assets in securities included in the index.
About Schwab US Mid-Cap ETF™ (SCHM)
There are 4 members of the management team with an average tenure of 8.93 years: Christopher Bliss (2017), Ferian Juwono (2011), Jeremy Brown (2018) and Agnes Zau (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and DJ US TSM Mid Cap TR USD index with a weighting of 100%. Schwab US Mid-Cap ETF™ has 499 securities in its portfolio. The top 10 holdings constitute 13.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Schwab US Mid-Cap ETF™ is part of the Equity global asset class and is within the U.S. Equity ETF group. Schwab US Mid-Cap ETF™ has 2.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.6% There is 2.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Schwab US Mid-Cap ETF™ has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $15 billion in total assets, which is above the $4 billion average for the Mid-Cap Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SCHM Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Schwab US Mid-Cap ETF™ expense ratio is low compared to funds in the Mid-Cap Blend category. Schwab US Mid-Cap ETF™ has an expense ratio of 0.03%, which is 93% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Schwab US Mid-Cap ETF™ has a portfolio turnover rate of 17%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 77% for the Mid-Cap Blend category.
Recently, in the month of June 2026, Schwab US Mid-Cap ETF™ returned 4.6%, which earned it a grade of B, as the Mid-Cap Blend category had an average return of 3.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Schwab US Mid-Cap ETF™ has a trailing yield of 1.20%, which is above the 0.85% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Schwab US Mid-Cap ETF™ Grades
Year to date, the ETF has returned 23.3%, 7.1 percentage points better than the category, which translates into a grade of A. The fund has returned 33.2% over the past year (grade of A), 17.6% over the past three years (grade of B) and 8.8% per year over the past five years (grade of C) and 11.8% per year over the past 10 years (grade of C).
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SCHM Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SCHM Return (NAV) | 4.6% | 19.4% | 33.2% | 17.6% | 8.8% | 11.8% |
| SCHM Return (Price) | 4.7% | 19.4% | 33.3% | 17.6% | 8.8% | 11.8% |
| NAV +/- Price Return | -0.055% | -0.058% | -0.108% | -0.015% | -0.012% | -0.009% |
| Mid-Cap Blend Avg | 3.4% | 15.0% | 25.1% | 16.8% | 9.3% | 12.3% |
| SCHM Grade (NAV) | B | A | A | B | C | C |
| +/- Category (NAV) | 1.3% | 4.4% | 8.1% | 0.8% | -0.6% | -0.5% |
| SCHM Tax-Cost Ratio | na | na | 0.6% | 0.5% | 0.5% | 0.5% |
SCHM Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SCHM Return (NAV) | 23.3% | 10.1% | 12.0% | 16.7% | -17.1% | 19.3% | 15.2% | 27.5% | -8.7% | 19.6% | 14.4% |
| SCHM Return (Price) | 23.3% | 10.2% | 12.0% | 16.7% | -17.1% | 19.3% | 15.3% | 27.5% | -8.8% | 19.6% | 14.5% |
| NAV +/- Price Ret | 0.001% | 0.003% | -0.003% | 0.003% | -0.003% | 0.001% | 0.000% | -0.1% | 1.0% | 0.1% | 0.3% |
| Mid-Cap Blend Avg | 16.2% | 10.5% | 16.1% | 17.0% | -14.5% | 23.3% | 15.6% | 27.4% | -9.1% | 19.1% | 14.8% |
| SCHM Grade (NAV) | A | C | F | C | F | F | C | C | B | B | C |
| +/- Category | 7.1% | -0.4% | -4.1% | -0.3% | -2.6% | -4.0% | -0.3% | 0.1% | 0.4% | 0.5% | -0.3% |
| Risk Measures | |
| Beta: | 1.05 |
| R-Squared: | 71% |
| Standard Deviation: | 16.2% |
| Category Risk Index: | 1.04 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.33 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 1.2% |
| Total Assets: | $ 15,320 Mil |
| Share Class Assets: | $ 15,320 Mil |
| Turnover: | 17.0% |
| Expense Ratio: | 0.03% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 15.5 years | |||
| Average Tenure: 8.9 years | |||
| Managers (Year): Juwono Ferian (2011), Bliss Christopher (2017), Brown Jeremy (2018), Zau Agnes (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 499 |
| % in Top 10 Holdings: | 13.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.3% |
Portfolio Allocation |
|
| Domestic Stock: | 97.6% |
| Foreign Stock: | 2.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Schwab ETFs |
| Phone Number: | 877-824-5615 |
| Website: | www.csimfunds.com. |
| Inception Date: | January 13, 2011 |
Expenses and Fees
| Expense Ratio (%): | 0.03% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.46% |
