IQSM vs SCHM: Grades, Fees and Holdings Compared

NYLI Candriam U.S. Mid Cap Equity ETF

IQSMBNYSE Arca

Schwab U.S. Mid-Cap ETF

SCHMANYSE Arca

Overlap

47.9%by weight

Expense ratio

SCHM −0.12pt a year

IQSM0.15%SCHM0.03%

Avg volume · 30D

SCHM 122.5×the volume

IQSM14.5KSCHM1.78M

3Y return · a year

SCHM +2.1pt

IQSM+17.5%SCHM+19.6%

IQSM vs SCHM Performance

Oct 31, 2025 – Oct 30, 2026

+16.0%IQSM+19.7%SCHM

Expense ratio: IQSM 0.15%; SCHM 0.03%, better
Fund size: IQSM $357M; SCHM $14.8B
1Y total return: IQSM +16.0%; SCHM +19.7%, better
Yield (12M): IQSM 1.05%; SCHM 1.27%, better
Holdings: IQSM 247; SCHM 502
Avg volume (30D): IQSM 14.5K sh; SCHM 1.78M sh, better
NAV per share: IQSM $39.06; SCHM $34.93
52W range

ETF.net Grade

Pillar letters and Scores for IQSM, SCHM, with each pillar’s weight
Pillar	IQSM	SCHM
Cost30% weight	C54	A86Higher
Mission25% weight	A100	A100
Risk15% weight	C43Higher	D36
Tradability15% weight	D28	A82Higher
Holdings10% weight	B61	A87Higher
Durability5% weight	F14	A73Higher

Rank among US Mid-Cap funds

How we build Categories ›

Same Category. IQSM and SCHM are both graded against the same 13 US Mid-Cap funds, so their Grades compare head to head.

US Mid-Cap⁠

Category · 13 funds

See all 13 ›

SCHM ranks 2nd and IQSM 8th of 13 funds in the US Mid-Cap Category.

Rank 1AIMCBiShares Morningstar Mid-Cap ETFScore 82
Rank 2ASCHMSchwab U.S. Mid-Cap ETFScore 80
Rank 3AVOVanguard Morningstar Mid-Cap ETFScore 79
Rank 7BQQQJInvesco NASDAQ Next Gen 100 ETFScore 60
Rank 8BIQSMNYLI Candriam U.S. Mid Cap Equity ETFScore 58
Rank 9CEZMWisdomTree U.S. MidCap FundScore 51

Our read on each fund

ETF.net Research

IQSMBNYLI Candriam U.S. Mid Cap Equity ETF

SCHMASchwab U.S. Mid-Cap ETF

In short

IQSM No data

SCHM The 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

IQSM No data

SCHM 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

IQSM No data

SCHM 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

IQSM No data

SCHM 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.

Full IQSM profile⁠

Full SCHM profile⁠

IQSM vs SCHM Holdings

How IQSM and SCHM differ

Overlap by weight

47.9%

Shared holdings make up 91.4% of IQSM and 48.2% of SCHM.

Level by level

Holdings218 in both47.9%
Sector11 Sectors92.5%
Countryby domicile99.2%
Asset classEquity100%

Sector

Sector weights in IQSM and SCHM, widest gap first
Sector	More in IQSMMore in SCHM	IQSM	SCHM
Health Care	IQSM +3.7 points	16.6%	12.9%
Energy	SCHM +2.3 points	1.6%	3.9%
Utilities	SCHM +2.2 points	0.8%	3.0%
Real Estate	IQSM +1.7 points	9.8%	8.1%
Technology	IQSM +1.2 points	18.8%	17.6%
Consumer Discretionary	SCHM +1.2 points	9.6%	10.8%
Industrials	SCHM +1.2 points	17.6%	18.8%
Communication	IQSM +0.8 points	3.8%	3.0%
Financials	SCHM +0.7 points	12.7%	13.4%
Materials	IQSM +0.1 points	4.4%	4.3%
Consumer Staples	Same weight	4.2%	4.2%

Country, concentration and asset class

Country by domicile

Country weights in IQSM and SCHM, widest gap first
Country	More in IQSMMore in SCHM	IQSM	SCHM
China	IQSM +0.6 points	0.6%	0.0%
United States	SCHM +0.5 points	99.1%	99.6%
Other countries (3)	SCHM +0.1 points	0.3%	0.4%

Concentration

Weight in the 10 largest Holdings

IQSM8.0%
SCHM4.9%

Securities held

IQSM247
SCHM502

Asset class

IQSM: Equity
SCHM: Equity

Holdings

Only in IQSM29
In both218
Only in SCHM284

Only in IQSM

29 securities, 8.6% of IQSM by weight

Best Buy Co., Inc.0.73%
Ball Corporation0.70%
Zebra Technologies Corporation Class A0.68%
James Hardie Industries PLC0.63%
Yum China Holdings, Inc.0.63%
Pentair plc0.43%
JFrog Ltd.0.39%
TG Therapeutics, Inc.0.37%
Aptiv PLC0.36%
Norwegian Cruise Line Holdings Ltd.0.32%
Millicom International Cellular SA0.31%
Axalta Coating Systems Ltd.0.30%
Skydance Corporation Class B0.29%
Builders FirstSource, Inc.0.26%
ESCO Technologies Inc.0.25%
UL Solutions Inc. Class A0.23%
Lumen Technologies, Inc.0.19%
Powell Industries, Inc.0.19%
Gap, Inc.0.18%
Brookfield Renewable Holdings Corporation Class A0.18%
Clearway Energy, Inc. Class C0.16%
COPT Defense Properties0.16%
News Corporation Class B0.14%
Freedom Holding Corp.0.13%
Galaxy Digital Inc. Class A0.13%
Drey Inst Pref Gov Mm Ins0.11%
Levi Strauss & Co. Class A0.09%
Zillow Group, Inc. Class A0.05%
Cash<0.01%

Only in SCHM

284 securities, 51.8% of SCHM by weight

Okta Class A0.74%
United Therapeutics0.51%
Entegris Inc0.49%
Packaging Corp of America0.46%
Reliance0.45%
Omnicom Group Inc0.45%
Tenet Healthcare Corp0.44%
Rubrik Class A0.43%
Nisource0.43%
Xpo0.43%
Permian Resources Class A0.43%
Cdw0.42%
F50.42%
Ftai Aviation0.41%
Royal Gold0.41%
Incyte Corp0.40%
Ovintiv0.40%
Evergy0.40%
Texas Pacific Land0.39%
Woodward0.38%
Snap On Inc0.37%
Loews0.37%
Alliant Energy Corp0.37%
Apa0.36%
Jacobs Solutions Inc0.36%
Cf Industries Holdings Inc0.36%
Ball Corp0.35%
Rb Global0.33%
Circle Internet Group Inc Class A0.33%
Allegion PLC0.32%
Tyson Foods Inc Class A0.32%
Rbc Bearings0.32%
Talen Energy0.31%
Samsara Class A0.31%
Lincoln Electric Holdings0.31%
Performance Food Group0.31%
Pinnacle Financial Partners0.31%
Nvr0.31%
Bunge Global SA0.31%
Ralph Lauren Class A0.31%
Textron Inc0.30%
Caci International Inc Class A0.30%
Somnigroup International0.30%
Mks0.30%
Everest Group0.29%
Wayfair Class A0.28%
Lamar Advertising Company Class A0.28%
Mid America Apartment Communities0.28%
Sun Communities Reit Inc0.28%
Tradeweb Markets Inc Class A0.27%

Weight gaps

The 100 widest of 218 Holdings in both funds.

Holding weights in IQSM and SCHM, widest gap first
Holding	More in IQSMMore in SCHM	IQSM	SCHM
US Foods Holding Corp.USFD	IQSM +0.47 points	0.92%	0.45%
PTC Inc.PTC	IQSM +0.44 points	0.87%	0.43%
Viatris, Inc.VTRS	IQSM +0.44 points	0.89%	0.45%
Guardant Health, Inc.GH	IQSM +0.43 points	0.93%	0.50%
Roku, Inc. Class AROKU	IQSM +0.42 points	0.84%	0.42%
IDEX CorporationIEX	IQSM +0.36 points	0.72%	0.36%
Tyler Technologies, Inc.TYL	IQSM +0.36 points	0.65%	0.29%
HF Sinclair CorporationDINO	IQSM +0.36 points	0.71%	0.35%
ITT, Inc.ITT	IQSM +0.34 points	0.71%	0.37%
Host Hotels & Resorts, Inc.HST	IQSM +0.34 points	0.70%	0.36%
Reinsurance Group of America, IncorporatedRGA	IQSM +0.35 points	0.69%	0.35%
Corebridge Financial, Inc.CRBG	IQSM +0.34 points	0.53%	0.19%
Kimco Realty CorporationKIM	IQSM +0.34 points	0.67%	0.33%
Jones Lang LaSalle IncorporatedJLL	IQSM +0.33 points	0.66%	0.33%
Revvity, Inc.RVTY	IQSM +0.33 points	0.70%	0.37%
Masco CorporationMAS	IQSM +0.32 points	0.64%	0.32%
Charles River Laboratories International, Inc.CRL	IQSM +0.33 points	0.69%	0.36%
Halozyme Therapeutics, Inc.HALO	IQSM +0.32 points	0.62%	0.30%
Stanley Black & Decker, Inc.SWK	IQSM +0.31 points	0.63%	0.32%
Carlisle Companies IncorporatedCSL	IQSM +0.31 points	0.61%	0.30%
Gen Digital Inc.GEN	IQSM +0.31 points	0.62%	0.31%
C.H. Robinson Worldwide, Inc.CHRW	IQSM +0.31 points	0.61%	0.30%
Trimble Inc.TRMB	IQSM +0.30 points	0.61%	0.31%
Nutanix, Inc. Class ANTNX	IQSM +0.30 points	0.69%	0.39%
Dynatrace, Inc.DT	IQSM +0.30 points	0.66%	0.36%
Manhattan Associates, Inc.MANH	IQSM +0.30 points	0.58%	0.28%
Clean Harbors, Inc.CLH	IQSM +0.30 points	0.61%	0.31%
TransUnionTRU	IQSM +0.30 points	0.59%	0.29%
Assurant, Inc.AIZ	IQSM +0.30 points	0.59%	0.29%
Omega Healthcare Investors, Inc.OHI	IQSM +0.29 points	0.58%	0.29%
Neurocrine Biosciences, Inc.NBIX	IQSM +0.30 points	0.60%	0.30%
Medpace Holdings, Inc.MEDP	IQSM +0.29 points	0.60%	0.31%
DocuSign, Inc.DOCU	IQSM +0.30 points	0.61%	0.31%
Glaukos CorpGKOS	IQSM +0.29 points	0.58%	0.29%
W. P. Carey Inc.WPC	IQSM +0.28 points	0.58%	0.30%
Exelixis, Inc.EXEL	IQSM +0.29 points	0.62%	0.33%
Hasbro, Inc.HAS	IQSM +0.28 points	0.62%	0.34%
GoDaddy, Inc. Class AGDDY	IQSM +0.28 points	0.55%	0.27%
Gartner, Inc.IT	IQSM +0.28 points	0.57%	0.29%
Crown Holdings, Inc.CCK	IQSM +0.28 points	0.54%	0.26%
Burlington Stores, Inc.BURL	IQSM +0.28 points	0.59%	0.31%
Encompass Health CorporationEHC	IQSM +0.28 points	0.54%	0.26%
Avery Dennison CorporationAVY	IQSM +0.28 points	0.56%	0.28%
WESCO International, Inc.WCC	IQSM +0.28 points	0.64%	0.36%
J.M. Smucker CompanySJM	IQSM +0.28 points	0.55%	0.27%
MACOM Technology Solutions Holdings, Inc.MTSI	IQSM +0.28 points	0.63%	0.35%
Five Below, Inc.FIVE	IQSM +0.27 points	0.54%	0.27%
Healthpeak Properties, Inc.DOC	IQSM +0.27 points	0.53%	0.26%
Semtech CorporationSMTC	IQSM +0.26 points	0.53%	0.27%
RenaissanceRe Holdings Ltd.RNR	IQSM +0.27 points	0.55%	0.28%
Annaly Capital Management, Inc.NLY	IQSM +0.27 points	0.55%	0.28%
DT Midstream, Inc.DTM	IQSM +0.27 points	0.53%	0.26%
Unum GroupUNM	IQSM +0.26 points	0.53%	0.27%
TD SYNNEX CorporationSNX	IQSM +0.26 points	0.67%	0.41%
AramarkARMK	IQSM +0.26 points	0.56%	0.30%
IES Holdings, Inc.IESC	IQSM +0.26 points	0.34%	0.08%
Akamai Technologies, Inc.AKAM	IQSM +0.26 points	0.55%	0.29%
Regency Centers CorporationREG	IQSM +0.26 points	0.51%	0.25%
Jazz Pharmaceuticals Public Limited CompanyJAZZ	IQSM +0.26 points	0.53%	0.27%
McCormick & Company, IncorporatedMKC	IQSM +0.25 points	0.49%	0.24%
RPM International Inc.RPM	IQSM +0.25 points	0.51%	0.26%
Globe Life Inc.GL	IQSM +0.24 points	0.49%	0.25%
Coeur Mining, Inc.CDE	IQSM +0.25 points	0.54%	0.29%
Solventum CorporationSOLV	IQSM +0.24 points	0.48%	0.24%
Unity Software, Inc.U	IQSM +0.23 points	0.52%	0.29%
New York Times Company Class ANYT	IQSM +0.24 points	0.44%	0.20%
FactSet Research Systems Inc.FDS	IQSM +0.23 points	0.46%	0.23%
Bio-Techne CorporationTECH	IQSM +0.23 points	0.46%	0.23%
Penumbra, Inc.PEN	IQSM +0.23 points	0.49%	0.26%
American Financial Group, Inc.AFG	IQSM +0.23 points	0.44%	0.21%
Lattice Semiconductor CorporationLSCC	IQSM +0.22 points	0.52%	0.30%
Albemarle CorporationALB	IQSM +0.23 points	0.45%	0.22%
American Homes 4 Rent Class AAMH	IQSM +0.23 points	0.43%	0.20%
UDR, Inc.UDR	IQSM +0.23 points	0.44%	0.21%
Elanco Animal Health, Inc.ELAN	IQSM +0.23 points	0.46%	0.23%
Graco Inc.GGG	IQSM +0.23 points	0.45%	0.22%
Cooper Companies, Inc.COO	IQSM +0.22 points	0.46%	0.24%
Alcoa CorporationAA	IQSM +0.23 points	0.44%	0.21%
Essential Utilities, Inc.WTRG	IQSM +0.22 points	0.47%	0.25%
Paycom Software, Inc.PAYC	IQSM +0.23 points	0.43%	0.20%
Baxter International Inc.BAX	IQSM +0.22 points	0.47%	0.25%
Jack Henry & Associates, Inc.JKHY	IQSM +0.22 points	0.45%	0.23%
Toro CompanyTTC	IQSM +0.22 points	0.43%	0.21%
BioMarin Pharmaceutical Inc.BMRN	IQSM +0.23 points	0.45%	0.22%
Applied Industrial Technologies, Inc.AIT	IQSM +0.22 points	0.44%	0.22%
First Horizon CorporationFHN	IQSM +0.22 points	0.45%	0.23%
HubSpot, Inc.HUBS	IQSM +0.22 points	0.46%	0.24%
Evercore Inc. Class AEVR	IQSM +0.22 points	0.45%	0.23%
BrightSpring Health Services, Inc.BTSG	IQSM +0.21 points	0.42%	0.21%
Equity LifeStyle Properties, Inc.ELS	IQSM +0.22 points	0.45%	0.23%
Ryder System, Inc.R	IQSM +0.21 points	0.43%	0.22%
Clorox CompanyCLX	IQSM +0.21 points	0.43%	0.22%
Molina Healthcare, Inc.MOH	IQSM +0.21 points	0.42%	0.21%
Guidewire Software, Inc.GWRE	IQSM +0.21 points	0.48%	0.27%
Arrow Electronics, Inc.ARW	IQSM +0.21 points	0.44%	0.23%
Franklin Templeton, Inc.BEN	IQSM +0.21 points	0.40%	0.19%
Domino's Pizza, Inc.DPZ	IQSM +0.21 points	0.42%	0.21%
Tetra Tech, Inc.TTEK	IQSM +0.21 points	0.41%	0.20%
Onto Innovation, Inc.ONTO	IQSM +0.21 points	0.43%	0.22%
Flowserve CorporationFLS	IQSM +0.20 points	0.41%	0.21%

All 245 IQSM holdings⁠All 503 SCHM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IQSM vs SCHM Cost

Overpaying IQSM vs SCHM

$2,499

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IQSM 0.15%
$3,137
SCHM 0.03%
$638

Amount$10,000

Years30 years

Cost over time

IQSM 0.15%
SCHM 0.03%
Overpaying

Year by year

Year	IQSM	SCHM	Overpaying
10	$274	$55	$219
20	$1,071	$216	$855
30	$3,137	$638	$2,499

Expense ratio

0.15%IQSM
0.03%SCHM, cheaper

SCHM0.03%IQSM0.15%

0.03%0.79%

Middle half of US Mid-Cap funds
Median 0.15%

SCHM cheapest of 13 funds

IQSM 6th cheapest of 13 funds

IQSM vs SCHM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IQSM 1.05%; SCHM 1.27%, better
Payout (12M): IQSM $0.41; SCHM $0.44
Last payment: IQSM $0.10; SCHM $0.13
Ex-dividend: IQSM Sep 18, 2026; SCHM Sep 23, 2026
Paid on: IQSM Sep 22, 2026; SCHM Sep 28, 2026
Frequency: IQSM Quarterly; SCHM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IQSMQuarterly · 16 paymentsAll IQSM payments⁠

SCHMQuarterly · 40 paymentsAll SCHM payments⁠

IQSM vs SCHM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IQSM 15.1%, betterSCHM 15.8%
Return per unit of riskSharpe ratio, 3 years: IQSM 0.85SCHM 0.93, better
Worst fallMax drawdown, 5 years: IQSM −23.7%since Oct 2022SCHM −26.5%
Market sensitivityBeta, 5 years: IQSM 1.09SCHM 1.06; Market = 1

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