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SCHM

GradeANew York Stock Exchange Arca

Schwab U.S. Mid-Cap ETF

Broad Stock Market · Schwab · Inception 2011-01-13 · SEC filings

$34.78−0.29 (−0.84%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 59 prints from 35.08 to 34.78. Range 34.74 to 34.91. Use the arrow keys to read each point.$34.75$34.85$34.9010 AM12 PM2 PM4 PM
Expense ratio
0.03%
Fund size
$14.8B
1Y return
+19.0%
Yield · Last 12 months
1.26%
Holdings
505
Volume · 30D
1.3M sh
NAV per share
$35.01
52W range
low $28.25high $36.92

The ETF.net SCHM Grade

A

77/ 100

Rank 3 of 13 in US Mid-Cap

Confidence High

Six-pillar profile for SCHM. Scores out of 100: Cost 86, Risk 39, Mission 100, Tradability 85, Holdings 45, Durability 73. Strongest: Mission (100). Weakest: Risk (39). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 77 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 86
    Category rank3/13 · top 23%
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank6/11 · mid-pack
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 39
    Category rank11/13 · bottom quartile
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 85
    Category rank2/13 · top 15%
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 45
    Category rank10/13 · bottom quartile
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 73
    Category rank3/13 · top 23%

Graded as of Sep 22, 2026

Our read on SCHM

ETF.net Research

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.

Stated mandate

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

  1. 010.03% 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
  2. 02Pure index plumbing: no stock picking, no tilts. The fund has tracked its benchmark closely, which is the whole job description here.
  3. 03Roughly 500 mid-sized US companies, so no single name carries the fund. Broad enough to be a one-ticket middle slice.
  4. 04A 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

  1. 01Mid-caps swing harder than blue chips. This is full, undampened exposure to that middle tier, with nothing built in to soften rough stretches.
  2. 02Every 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.
  3. 03Distributions 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

As of Sep 20, 2026, 6:40 AM
Asset class
Stocks
Holdings
505
Top-10 weight
13%
Largest holding
SNDK4.5%

Sectors

  • Technology20.7%
  • Industrials17.9%
  • Health Care13.3%
  • Financials11.9%
  • Consumer Discr.9.7%
  • Real Estate6.5%
  • Materials6.4%
  • Energy4.2%
  • Cons. Staples3.6%
  • Communication2.9%
  • Utilities2.7%

Geography

  • United States96.58%
  • United Kingdom1.21%
  • Bermuda0.81%
  • Ireland0.69%
  • Cayman Islands0.26%
  • Puerto Rico0.20%
  • Sweden0.15%
  • Switzerland0.11%
The fund’s holdings, weight-ordered — page 1 of 33.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SNDKSANDISK4.55%486,807$788M450
002BEBLOOM ENERGY CLASS A1.40%860,232$242M304
003LITELUMENTUM HOLDINGS1.32%255,747$229M385
004COHRCOHERENT1.10%643,112$191M341
005MRNAMODERNA1.06%1,160,854$184M240
006CIENCIENA0.93%464,809$161M384
007FLEXFLEX LTD0.76%1,208,632$132M305
008RVMDREVOLUTION MEDICINES0.75%657,099$130M169
009TWLOTWILIO CLASS A0.71%498,917$123M271
010STLDSTEEL DYNAMICS INC0.63%445,619$110M316
011OKTAOKTA CLASS A0.61%551,135$105M245
012CNCCENTENE CORP0.60%1,541,605$104M320
013FTITECHNIPFMC PLC0.55%1,310,628$96M268
014ATIATI0.48%448,792$83M225
015FFIVF50.47%185,463$81M333

Showing 1–15 of 491 holdings

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$11,898
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. SCHM $11,898. SPY $11,723. Use the arrow keys to read each point.$9,293$11,018$12,743Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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.

Trailing total return for SCHM. Periods over one year show the average yearly return.
PeriodSCHM
Year to date+17.3%
1 month−3.0%
3 months−3.2%
1 year+19.0%
3 years+17.6%per year
5 years+7.8%per year
10 years+10.7%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SCHM
YearReturn barSCHM
2026 YTD+17.3%
2025+10.2%
2024+12.0%
2023+16.7%
2022−17.1%
2021+19.3%
2020+15.2%

SCHM in the news

ETF.net Research hasn’t filed on SCHM yet — coverage lands here as it’s written.

SCHM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.26%Last 12 months
Payout per share
$0.44Last 12 months
Last payment
$0.11 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 20, 2017 $0.05; Jun 19, 2017 $0.05; Sep 18, 2017 $0.04; Dec 18, 2017 $0.08; Mar 16, 2018 $0.06; Jun 26, 2018 $0.04; Sep 25, 2018 $0.06; Dec 12, 2018 $0.09; Mar 20, 2019 $0.05; Jun 26, 2019 $0.06; Sep 25, 2019 $0.08; Dec 12, 2019 $0.10; Mar 25, 2020 $0.07; Jun 24, 2020 $0.06; Sep 23, 2020 $0.07; Dec 10, 2020 $0.09; Mar 24, 2021 $0.03; Jun 23, 2021 $0.07; Sep 22, 2021 $0.09; Dec 8, 2021 $0.09; Dec 30, 2021 $0.03; Mar 23, 2022 $0.06; Jun 22, 2022 $0.10; Sep 21, 2022 $0.09; Dec 7, 2022 $0.12; Mar 22, 2023 $0.08; Jun 21, 2023 $0.10; Sep 20, 2023 $0.09; Dec 6, 2023 $0.11; Mar 20, 2024 $0.09; Jun 26, 2024 $0.09; Sep 25, 2024 $0.11; Dec 11, 2024 $0.12; Mar 26, 2025 $0.08; Jun 25, 2025 $0.10; Sep 24, 2025 $0.13; Dec 10, 2025 $0.13; Mar 25, 2026 $0.08; Jun 24, 2026 $0.11. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 24, 2026Jun 29, 2026$0.11
Mar 25, 2026Mar 30, 2026$0.08
Dec 10, 2025Dec 15, 2025$0.13
Sep 24, 2025Sep 29, 2025$0.13
Jun 25, 2025Jun 30, 2025$0.10
Mar 26, 2025Mar 31, 2025$0.08
Dec 11, 2024Dec 16, 2024$0.12
Sep 25, 2024Sep 30, 2024$0.11
Jun 26, 2024Jul 1, 2024$0.09
Mar 20, 2024Mar 25, 2024$0.09
Dec 6, 2023Dec 11, 2023$0.11
Sep 20, 2023Sep 25, 2023$0.09

SCHM Risk

How much the fund’s monthly returns vary, scaled to a year.
16.5%
Annualised · 36 months to Aug 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.70
vs 3-month T-bills · to Aug 2026
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.

The largest fall from a peak to the low that followed.
−26.5%
Trough Jun 2022
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.

How strongly the fund’s returns move with its asset-class index.
1.05
vs its asset-class index
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

Expense ratio0.03%
  • The middle half of US Mid-Cap funds
  • Median 0.15%

No US Mid-Cap fund charges less.

SCHM costs $3.00 a year on $10,000. The median US Mid-Cap fund costs $15.00.