ETF Filings
Vanguard files for a U.S. small-mid cap active ETF after last year’s three reached $161 million
Schwab U.S. Mid-Cap ETF
$34.50−0.01 (−0.03%)
- 0.03%
- $14.6B
- +21.0%
- 1.29%
- 1.5M sh
- $34.64
- low $28.25high $36.92
The ETF.net SCHM Grade
A
Score 81 out of 100
- 2 of 13
Score 81 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A86 out of 100Rank 1 of 13Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 11Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D36 out of 100Rank 11 of 13Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A85 out of 100Rank 2 of 13Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A88 out of 100Rank 1 of 13Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A73 out of 100Rank 3 of 13
Our read on SCHM
AThe forgotten middle of the US market, for three basis points. SCHM has tracked the Dow Jones U.S. Mid-Cap Total Stock Market Index since 2011, holding roughly 500 companies at a fee nobody in the category undercuts.
The fund seeks to track, before fees and expenses, the total return of the Dow Jones U.S. Mid-Cap Total Stock Market Index.
Why people hold it
- 0.03% a year, 30 cents per $100. That ties VO for the lowest fee in the mid-cap group and runs well below the category's typical charge.schwabassetmanagement.com
- Pure index plumbing: no stock picking, no tilts. The fund has tracked its benchmark closely, which is the whole job description here.
- Roughly 500 mid-sized US companies, so no single name carries the fund. Broad enough to be a one-ticket middle slice.
- A multi-billion-dollar fund trading since 2011 and among the stronger builds in its peer group, with active daily volume and tight handling.
Worth knowing
- Mid-caps swing harder than blue chips. This is full, undampened exposure to that middle tier, with nothing built in to soften rough stretches.
- Every provider draws the mid-cap line differently. The Dow Jones index here won't hold the same names as a Russell or Morningstar mid-cap fund, so overlap with what you own varies.
- Distributions land quarterly, and they're a byproduct of the index, not the point. This is a growth-of-capital vehicle, not an income one.
SCHM Holdings
- Stocks
- 502
- 5%
- OKTA
Sectors
- Industrials18.8%
- Technology17.6%
- Financials13.4%
- Health Care12.9%
- Consumer Discretionary10.8%
- Real Estate8.1%
- Materials4.3%
- Consumer Staples4.2%
- Energy3.9%
- Utilities3.0%
- Communication3.0%
Geography
- United States96.84%
- Bermuda0.81%
- Ireland0.72%
- United Kingdom0.40%
- Cayman Islands0.37%
- Switzerland0.30%
- Puerto Rico0.21%
- Canada0.20%
- 0.15%
SCHM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SCHM$12,103
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SCHM |
|---|---|
| Year to date | +15.8% |
| 1 month | −1.4% |
| 3 months | −3.3% |
| 1 year | +21.0% |
| 3 years | +17.5% |
| 5 years | +7.4% |
| 10 years | +10.9% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SCHM |
|---|---|---|
| 2026 YTD | +15.8% | |
| 2025 | +10.2% | |
| 2024 | +12.0% | |
| 2023 | +16.7% | |
| 2022 | −17.1% | |
| 2021 | +19.3% | |
| 2020 | +15.2% |
SCHM in the news
Category Review
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SCHM Dividends
- 1.29%
- $0.44
- $0.13 per share
- Quarterly
Distribution history
SCHM Risk
- 16.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.74
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −26.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.06
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SCHM Cost
0.03%
SCHM0.03%
- The middle half of US Mid-Cap funds
- Median 0.15%
No US Mid-Cap fund charges less.
Other funds in US Mid-Cap
- AIMCBiShares Morningstar Mid-Cap ETFExpense ratio 0.04%1 year return +21.9%
- AVOVanguard Morningstar Mid-Cap ETFExpense ratio 0.03%1 year return +14.7%
- AIWRiShares Russell Mid-Cap ETFExpense ratio 0.18%1 year return +17.9%
- ABKMCBNY Mellon US Mid Cap Core Equity ETFExpense ratio 0.04%1 year return +10.9%
- BBBMCJPMorgan BetaBuilders U.S. Mid Cap Equity ETFExpense ratio 0.07%1 year return +21.5%