PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Schwab US Mid-Cap ETF (SCHM) Sharpe Ratio: 2.02

ETF · Currency in USD · Last updated Jun 18, 2026

The Schwab U.S. Mid-Cap ETF (SCHM) seeks to track the Dow Jones U.S. Mid-Cap Total Stock Market Index, a market-cap-weighted index of mid-capitalization U.S. stocks. With roughly 500 holdings and one of the lowest expense ratios in its category, it provides broad, low-cost core exposure to the middle segment of the U.S. equity market. The fund launched in January 2011.

SCHM's Sharpe Ratio of 2.02 indicates that for each unit of volatility, it generates 2.02 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 18, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

SCHM Sharpe Ratio Rank

SCHM Sharpe Ratio Rank: 66.166
Above Average

SCHM ranks above 66.1% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

SCHM Sharpe Ratio Market Positioning

The chart shows SCHM's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.21
  • Green zone (top 25%): 2.21 or higher
  • Top 1%: 7.25+
  • Median: 1.63 — half of all investments score higher

How it compares to other similar ETFs

The table compares Schwab US Mid-Cap ETF's Sharpe Ratio with other ETFs in the Mid Cap Blend Equities category across multiple time periods, showing how SCHM's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 18, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
OPTZOptimize Strategy Index ETF3.21
CSDInvesco S&P Spin-Off ETF3.16
EPUiShares MSCI Peru ETF2.93
PEXLPacer US Export Leaders ETF2.57
RSHOTema American Reshoring ETF2.48
FFSMFidelity Fundamental Small-Mid Cap ETF2.23
CPAICounterpoint Quantitative Equity ETF2.21
LSTLeuthold Select Industries ETF2.20
ONEOSPDR Russell 1000 Momentum Focus ETF2.08
VFMOVanguard U.S. Momentum Factor ETF2.07
SCHMSchwab US Mid-Cap ETF2.02

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SCHM's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SCHM consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does SCHM fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio