Average Daily Volume
1.56M
Fund Overview
The Schwab U.S. Mid-Cap ETF (SCHM) is an exchange-traded fund that seeks to track the performance of the Dow Jones U.S. Mid-Cap Total Stock Market Index. This index includes approximately 500 mid-cap U.S. stocks, representing companies with market capitalizations that fall between large-cap and small-cap stocks. SCHM provides investors with diversified exposure to mid-sized U.S. companies, which often offer a balance of growth potential and stability compared to their larger or smaller counterparts. The fund is passively managed, aiming to replicate the index's holdings with low tracking error and minimal expenses, making it a cost-effective choice for investors seeking mid-cap equity exposure.
- Asset Class
-
Equity
- Industry
-
N/A
- Annual Dividend Rate
-
- Smart Beta
-
No
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- 1.54 %
- Currency Hedged
-
No
- Portfolio Turnover
-
13 %
- Dividend Date
-
Why Invest in the SCHM ETF?
Potential Benefits
- Diversified exposure to mid-cap U.S. stocks, which historically offer a balance of growth and stability.
- Low expense ratio (0.04% as of 2025), making it a cost-effective option for investors.
- Passively managed, reducing the risk of underperformance due to active management decisions.
- Liquidity and ease of trading, as it is listed on major exchanges.
- Provides access to companies that may be in a growth phase but are more established than small-cap firms.
Potential Risks
- Mid-cap stocks can be more volatile than large-cap stocks, leading to higher price fluctuations.
- Sector concentration risks if the index is heavily weighted in certain industries.
- Market risk, as mid-cap stocks are sensitive to economic downturns and changes in investor sentiment.
- Tracking error risk, though minimal, as the fund may not perfectly replicate the index.
- Limited international exposure, as the fund focuses solely on U.S. mid-cap companies.
RSI data unavailable or insufficient history.
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2026 |
+5.2%
|
+4.0%
|
-5.6%
|
+9.7%
|
+4.1%
|
+4.7%
|
-5.9%
|
+2.3%
|
-3.8%
|
+2.5%
|
-
|
-
|
| 2025 |
+4.4%
|
-3.6%
|
-5.8%
|
-2.4%
|
+5.8%
|
+4.1%
|
+1.9%
|
+3.1%
|
+1.0%
|
-0.3%
|
+1.9%
|
+0.3%
|
| 2024 |
-1.6%
|
+5.2%
|
+4.8%
|
-6.1%
|
+3.8%
|
-1.6%
|
+4.3%
|
+0.5%
|
+2.2%
|
-0.6%
|
+8.9%
|
-7.2%
|
| 2023 |
+9.7%
|
-2.8%
|
-2.7%
|
-0.6%
|
-2.8%
|
+8.9%
|
+4.2%
|
-3.1%
|
-5.3%
|
-5.4%
|
+8.8%
|
+8.6%
|
| 2022 |
-7.1%
|
+0.5%
|
+1.3%
|
-7.5%
|
+0.1%
|
-10.2%
|
+10.3%
|
-2.7%
|
-9.7%
|
+8.9%
|
+5.9%
|
-5.6%
|
| 2021 |
+0.8%
|
+5.9%
|
+2.3%
|
+5.0%
|
-0.1%
|
+0.6%
|
0.0%
|
+2.2%
|
-3.8%
|
+5.5%
|
-4.1%
|
+4.0%
|
| 2020 |
-1.2%
|
-8.9%
|
-21.8%
|
+14.2%
|
+7.5%
|
+2.0%
|
+5.1%
|
+3.8%
|
-3.0%
|
+1.2%
|
+15.2%
|
+5.9%
|
| 2019 |
+11.1%
|
+4.3%
|
0.0%
|
+3.6%
|
-6.9%
|
+7.3%
|
+0.9%
|
-3.4%
|
+2.0%
|
+1.2%
|
+3.9%
|
+1.7%
|
| 2018 |
+3.4%
|
-4.2%
|
+0.5%
|
-0.3%
|
+3.4%
|
+0.9%
|
+2.1%
|
+4.4%
|
-0.7%
|
-8.9%
|
+2.3%
|
-10.7%
|
| 2017 |
+2.0%
|
+3.1%
|
0.0%
|
+0.7%
|
-0.2%
|
+1.6%
|
+1.6%
|
-0.3%
|
+3.0%
|
+2.0%
|
+3.8%
|
+0.8%
|
< -5%
-5% to -2%
-2% to 0%
0%
0% to +2%
+2% to +5%
> +5%
Top Holdings (by weight)
| Symbol |
Company Name |
Weight |
|
HOOD
|
ROBINHOOD MARKETS INC CLASS A |
0.8 % |
|
EQT
|
EQT CORP |
0.8 % |
|
IP
|
INTERNATIONAL PAPER CO |
0.7 % |
|
TPL
|
TEXAS PACIFIC LAND CORP |
0.6 % |
|
UAL
|
UNITED AIRLINES HOLDINGS INC |
0.6 % |
|
EXE
|
EXPAND ENERGY CORP ORDINARY SHARES NEW |
0.6 % |
|
NTRA
|
NATERA INC |
0.5 % |
|
FWONK
|
n/a |
0.5 % |
|
NRG
|
NRG ENERGY INC |
0.5 % |
|
WSM
|
WILLIAMS-SONOMA INC |
0.5 % |
Top 10 holdings shown, out of 497 total holdings.
Related ETFs: SCHM vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
SCHM is designed to track the Dow Jones U.S. Mid-Cap Total Stock Market Index, which includes approximately 500 mid-cap U.S. stocks. The index is market-cap weighted, meaning larger companies within the mid-cap range have a greater influence on the fund's performance. SCHM employs a passive management strategy, aiming to replicate the index's holdings with minimal tracking error. The fund primarily holds common stocks of mid-cap companies and is rebalanced quarterly to align with the index's composition. This approach ensures low turnover and cost efficiency.
Frequently Asked Questions
What index does SCHM track?
SCHM tracks the Dow Jones U.S. Mid-Cap Total Stock Market Index, which includes approximately 500 mid-cap U.S. stocks.
How does SCHM differ from small-cap or large-cap ETFs?
SCHM focuses exclusively on mid-cap stocks, which are typically larger and more stable than small-cap stocks but smaller and potentially faster-growing than large-cap stocks.
What is SCHM's expense ratio?
SCHM has an expense ratio of 0.04%, making it one of the lowest-cost mid-cap ETFs available.
Is SCHM a good choice for long-term investors?
Yes, SCHM's diversified exposure to mid-cap stocks and low costs make it a solid option for long-term investors seeking growth potential.
How often is SCHM rebalanced?
SCHM is rebalanced quarterly to align with the holdings of its underlying index, the Dow Jones U.S. Mid-Cap Total Stock Market Index.
Industry Overview
The Schwab U.S. Mid-Cap ETF (SCHM) provides exposure to mid-cap U.S. stocks, which are companies with market capitalizations typically ranging from $2 billion to $10 billion. Mid-cap stocks often represent a 'sweet spot' for investors, offering higher growth potential than large-cap stocks while being less volatile than small-cap stocks. Mid-cap companies are frequently in a phase of expansion, benefiting from established business models and the ability to scale operations. Investing in mid-cap stocks through SCHM allows investors to tap into this segment of the market, which has historically delivered strong risk-adjusted returns over the long term.
Alternative Comparison
Compared to its peers like IJH (iShares Core S&P Mid-Cap ETF) and VO (Vanguard Mid-Cap ETF), SCHM stands out for its ultra-low expense ratio of 0.04%, making it one of the most cost-effective mid-cap ETFs available. While IJH tracks the S&P MidCap 400 Index, which includes 400 stocks, SCHM offers broader exposure with its 500-stock index. VO, on the other hand, includes both mid- and small-cap stocks, providing less pure mid-cap exposure than SCHM. SCHM's focus on the Dow Jones U.S. Mid-Cap Index also differentiates it from competitors that may use other benchmarks.
Issuer Overview
SCHM is issued by Charles Schwab Investment Management, a subsidiary of The Charles Schwab Corporation. Schwab is a well-established financial services firm known for its low-cost investment products and client-focused approach. The issuer has a strong reputation for providing transparent, efficient, and accessible ETFs, making SCHM a reliable choice for investors seeking mid-cap exposure.
Conclusion
The Schwab U.S. Mid-Cap ETF (SCHM) is a compelling choice for investors seeking diversified, low-cost exposure to mid-cap U.S. stocks. Its passive management strategy, broad index coverage, and competitive expense ratio make it an attractive option for both beginner and experienced investors. While mid-cap stocks carry inherent risks, SCHM provides a balanced way to participate in the growth potential of this market segment.
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