# SCHM ETF: fees, returns, drawdowns and holdings

> What SCHM holds, its 0.03% yearly fee, returns by year, its worst drop, and which Tactfolio strategies hold it. Updated daily.

Schwab U.S. Mid-Cap ETF (SCHM) is an exchange-traded fund (ETF) run by Schwab. This fund owns about 500 medium-sized US companies. It charges 0.03% a year. From January 2011 to October 2026 it returned about 10.9% a year, and its worst drop was −42.4%.

Written by [the Tactfolio research team](https://tactfolio.com/about/editorial-policy). Fund facts checked October 17, 2026. Prices through October 16, 2026.

## Key points

- Expense ratio: 0.03% a year (about $3 on $10,000).
- Started trading on January 13, 2011.
- Last close: $34.16 on October 16, 2026.
- Return over the last year: 17.5%.
- Worst drop since 2011: −42.4%.
- No Tactfolio classic strategies hold it.

## How has SCHM done since 2011?

From January 2011 to October 2026, SCHM returned about 10.9% a year. The S&P 500 returned about 14.0% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $51,397 at the end, with every dividend reinvested.

| Period | SCHM | S&P 500 (SPY) |
| --- | --- | --- |
| 1 month | −0.8% | 1.5% |
| 3 months | −2.6% | 1.9% |
| 6 months | 3.6% | 9.3% |
| Year to date | 14.6% | 12.8% |
| 1 year | 17.5% | 16.8% |
| 3 years, per year | 16.7% | 22.0% |
| 5 years, per year | 6.7% | 12.8% |
| 10 years, per year | 10.9% | 15.4% |
| Since 2011, per year | 10.9% | 14.0% |

Periods longer than a year show the return per year (CAGR). Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

## SCHM returns by month and year

SCHM rose in 119 of its 190 months (63%). Its best month was November 2020, at 15.2%. Its worst was March 2020, at −21.7%.

| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Full year |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2026 (part) | 5.1% | 4.0% | −5.6% | 9.7% | 4.1% | 4.7% | −5.9% | 2.3% | −3.8% | 0.4% |  |  | 14.6% |
| 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% | 10.2% |
| 2024 | −1.7% | 5.2% | 4.8% | −6.1% | 3.8% | −1.6% | 4.3% | 0.5% | 2.2% | −0.6% | 8.9% | −7.2% | 12.0% |
| 2023 | 9.7% | −2.8% | −2.7% | −0.7% | −2.8% | 8.9% | 4.2% | −3.1% | −5.3% | −5.4% | 8.8% | 8.6% | 16.7% |
| 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% | −17.1% |
| 2021 | 0.8% | 5.9% | 2.3% | 5.0% | −0.1% | 0.5% | 0.0% | 2.2% | −3.8% | 5.5% | −4.1% | 4.1% | 19.4% |
| 2020 | −1.3% | −8.9% | −21.7% | 14.2% | 7.5% | 2.0% | 5.1% | 3.8% | −3.0% | 1.2% | 15.2% | 5.9% | 15.3% |
| 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% | 27.5% |
| 2018 | 3.4% | −4.2% | 0.5% | −0.3% | 3.4% | 0.9% | 2.1% | 4.4% | −0.7% | −8.8% | 2.3% | −10.7% | −8.8% |
| 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% | 19.6% |
| 2016 | −7.0% | 1.1% | 8.2% | 1.5% | 2.4% | −0.1% | 4.2% | −0.3% | 0.0% | −3.2% | 6.2% | 1.4% | 14.5% |
| 2015 | −0.9% | 6.2% | 1.1% | −1.1% | 2.0% | −1.7% | 0.8% | −5.3% | −4.1% | 6.0% | 0.8% | −3.2% | 0.0% |
| 2014 | −1.8% | 5.7% | −0.3% | −1.3% | 1.9% | 4.1% | −3.9% | 4.9% | −4.3% | 3.1% | 1.7% | 0.6% | 10.3% |
| 2013 | 7.4% | 1.3% | 4.4% | 0.8% | 2.6% | −1.7% | 6.3% | −3.0% | 5.5% | 3.6% | 1.6% | 3.0% | 36.3% |
| 2012 | 6.6% | 4.5% | 1.6% | −0.5% | −7.2% | 2.6% | −0.1% | 3.5% | 1.9% | −0.4% | 2.2% | 2.1% | 17.5% |
| 2011 (part) | 0.4% | 4.4% | 2.3% | 3.2% | −0.8% | −2.3% | −3.8% | −7.8% | −10.4% | 14.2% | −0.4% | 0.3% | −2.9% |

Each month runs from the last close of the month before. The first month counts from the first close.

## How risky is SCHM compared with the S&P 500?

Measured from October 2021 to October 2026, on the days both traded.

- **Beta 1.03.** When the S&P 500 moved 1% in a day, SCHM tended to move about 1.03%.
- **Correlation 0.90.** SCHM mostly moved with the S&P 500.
- **Up and down months.** In months the S&P 500 rose, SCHM rose 90% as much on average. In months it fell, SCHM fell 114% as much.

| Measure | SCHM | S&P 500 (SPY) |
| --- | --- | --- |
| Return per year | 6.7% | 12.8% |
| Volatility | 19.7% | 17.1% |
| Worst drop | −26.5% | −24.5% |
| Sharpe ratio | 0.43 | 0.79 |
| Sortino ratio | 0.62 | 1.15 |
| Calmar ratio | 0.25 | 0.52 |

Volatility is how much the price swings in a year. The Sharpe ratio is return per unit of volatility, the Sortino ratio counts only the falls, and the Calmar ratio is the return per year over the worst drop. Higher ratios mean more return for the risk taken.

## Is SCHM above its 200-day average?

SCHM closed 1.3% above its 200-day average on October 16, 2026. A rule that holds SCHM only above that average would hold it today.

- Its 50-day average is 4.1% above its 200-day average.
- It closed 7.0% below its highest close of the last 52 weeks.

A moving average is the average close over the last so many days. Trend rules such as [the 10-month moving average strategy](https://tactfolio.com/strategies/faber-10-month-moving-average.md) hold a fund only while it is above one. You can [build that rule for SCHM](https://tactfolio.com/builder) and backtest it in a minute.

## What was SCHM's worst drop?

A drawdown is how far a fund falls from its last high point. SCHM's worst fall was −42.4%, from February 20, 2020 to March 23, 2020. It got back to that high on November 9, 2020. On October 16, 2026 it was 7.0% below its highest close.

| Drop | Started | Bottom | Back to the high | Fall took | Recovery took |
| --- | --- | --- | --- | --- | --- |
| −42.4% | Feb 20, 2020 | Mar 23, 2020 | Nov 9, 2020 | 32 days | 8 months |
| −26.5% | Nov 16, 2021 | Jun 16, 2022 | Mar 21, 2024 | 7 months | 21 months |
| −26.4% | Apr 29, 2011 | Oct 3, 2011 | Mar 13, 2012 | 5 months | 5 months |
| −23.3% | Nov 25, 2024 | Apr 8, 2025 | Sep 5, 2025 | 4 months | 5 months |
| −22.7% | Sep 14, 2018 | Dec 24, 2018 | Jul 5, 2019 | 3 months | 6 months |

Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

## What does SCHM hold?

This fund owns about 500 medium-sized US companies. It follows a Dow Jones index of companies ranked roughly 501 to 1,000 by size. Mid-sized company stocks can move up and down more than the biggest ones.

It tracks the Dow Jones U.S. Mid-Cap Total Stock Market Index. It had 497 holdings as of February 28, 2026, according to Schwab.

| Fact | SCHM |
| --- | --- |
| Full name | Schwab U.S. Mid-Cap ETF |
| Issuer | Schwab |
| Expense ratio | 0.03% a year |
| Started trading | January 13, 2011 |
| Tracks | Dow Jones U.S. Mid-Cap Total Stock Market Index |
| Type | US stocks, ETF |
| Holdings | 497 holdings as of February 28, 2026 |
| Facts checked | October 17, 2026 on the [Schwab fund page](https://www.sec.gov/Archives/edgar/data/1454889/000088454626000251/c497k.htm) |

## What is the SCHM expense ratio?

SCHM charges 0.03% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.03% fee comes to about $3 a year. Of the 162 ETFs on Tactfolio, 85% charge more.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

## Which Tactfolio strategies hold SCHM?

No classic strategy holds SCHM yet. You can add it to your own rules in the [builder](https://tactfolio.com/builder) and see how they would have done.

## How does SCHM compare with similar ETFs?

Funds that can stand in for SCHM:

- [VO](https://tactfolio.com/etf/VO.md): Vanguard Morningstar Mid-Cap ETF, 0.03% a year
- [IJH](https://tactfolio.com/etf/IJH.md): iShares Core S&P Mid-Cap ETF, 0.05% a year
- [IWR](https://tactfolio.com/etf/IWR.md): iShares Russell Mid-Cap ETF, 0.18% a year
- [MDY](https://tactfolio.com/etf/MDY.md): State Street SPDR S&P MidCap 400 ETF Trust, 0.23% a year

See [all 8 SCHM alternatives](https://tactfolio.com/alternatives/SCHM.md), compared on the same dates as SCHM.

## Test SCHM in your own rules

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the [builder](https://tactfolio.com/builder), add SCHM, and see how a rule such as "hold it only above its 200-day average" would have done. Strategies run on daily prices and hold US stocks and ETFs only.

## The details

Prices come from Tactfolio's stored daily prices for SCHM and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.

Fund facts come from Schwab. We checked them on October 17, 2026. Read [what a backtest simulates](https://tactfolio.com/docs/backtests.md) and [how to read drawdown and CAGR](https://tactfolio.com/docs/concepts/reading-a-backtest.md) for more on these measures.

## Research and test it

- [S&P 500 index](https://tactfolio.com/learn/sp500-index): The S&P 500 tracks about 500 large US companies. Learn how stocks get in, how the index is weighted, how to invest in it, and how far it has fallen before.
- [What is an ETF](https://tactfolio.com/learn/what-is-an-etf): An ETF is a fund that trades like a stock. Learn how ETFs work, what they cost, the main types, and the risks, with SEC sources.
- [ETF screener](https://tactfolio.com/screener.md): A free ETF screener for 162 US-listed funds. Filter by type, issuer and fee, sort by returns or worst drop, and compare funds side by side.
- [ETF expense ratio](https://tactfolio.com/learn/etf-expense-ratio): What an ETF expense ratio is, how the fund charges it, and how 0.03% vs 1% adds up over 10 and 30 years, with real fund examples.
- [Backtest a portfolio](https://tactfolio.com/trading-tools/backtest-portfolio): Backtest a portfolio of US stocks and ETFs. Enter tickers and shares, pick when to rebalance, and get the results with a link to share.
- [Backtesting](https://tactfolio.com/backtesting): Free backtesting software for stocks, ETFs, and crypto perps.

## Common questions

### What is the expense ratio of SCHM?

SCHM charges 0.03% a year, according to Schwab as of October 17, 2026. That is about $3 a year for every $10,000 you hold.

### When did SCHM start trading?

SCHM started trading on January 13, 2011. It is run by Schwab.

### What does SCHM track?

SCHM tracks the Dow Jones U.S. Mid-Cap Total Stock Market Index. This fund owns about 500 medium-sized US companies.

### How much has SCHM returned per year?

From January 2011 to October 2026, SCHM returned about 10.9% a year with dividends reinvested. Its worst drop was −42.4%. Past returns do not tell you what it will do next.

### Is SCHM above its 200-day moving average?

On October 16, 2026, SCHM closed 1.3% above its 200-day moving average. This page updates after each US market close.

### Which strategies use SCHM?

None of Tactfolio's classic strategies hold SCHM yet. You can test it in your own rules in the builder.

## Sources

- [Schwab: Schwab U.S. Mid-Cap ETF fund page](https://www.sec.gov/Archives/edgar/data/1454889/000088454626000251/c497k.htm)

> Not financial advice. Tactfolio is a research and automation tool. It is not a broker or a financial adviser. This page is for education only. Backtests are hypothetical. They show how rules would have done on past prices, not how they will do. All investing involves risk, including losing the money you put in.