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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Schwab U.S. Mid-Cap Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Schwab U.S. Mid-Cap Index Fund (SWMCX) has returned -1.32% so far this year and 12.94% over the past 12 months.
Schwab U.S. Mid-Cap Index Fund
- 1D
- -0.70%
- 1M
- -7.73%
- YTD
- -1.32%
- 6M
- -1.19%
- 1Y
- 12.94%
- 3Y*
- 12.30%
- 5Y*
- 6.67%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Dec 19, 2017, SWMCX's average daily return is +0.04%, while the average monthly return is +0.88%. At this rate, your investment would double in approximately 6.6 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +14.3%, while the worst month was Mar 2020 at -19.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SWMCX closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +10.8%, while the worst single day was Mar 16, 2020 at -13.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.06% | 3.78% | -7.73% | -1.32% | |||||||||
| 2025 | 4.24% | -2.84% | -4.64% | -1.06% | 5.72% | 3.72% | 1.85% | 2.52% | 0.89% | -0.89% | 1.31% | -0.28% | 10.54% |
| 2024 | -1.42% | 5.58% | 4.34% | -5.41% | 2.85% | -0.66% | 4.71% | 2.02% | 2.22% | -0.55% | 8.82% | -7.06% | 15.28% |
| 2023 | 8.32% | -2.43% | -1.53% | -0.54% | -2.79% | 8.35% | 3.96% | -3.46% | -5.04% | -5.00% | 10.23% | 7.73% | 17.20% |
| 2022 | -7.38% | -0.70% | 2.56% | -7.69% | 0.07% | -9.97% | 9.88% | -3.16% | -9.26% | 8.88% | 6.02% | -5.42% | -17.31% |
| 2021 | -0.27% | 5.58% | 2.71% | 5.09% | 0.80% | 1.44% | 0.77% | 2.54% | -4.11% | 5.93% | -3.48% | 4.09% | 22.55% |
Benchmark Metrics
Schwab U.S. Mid-Cap Index Fund has an annualized alpha of -1.37%, beta of 1.01, and R² of 0.89 versus S&P 500 Index. Calculated based on daily prices since December 20, 2017.
- This fund participated in 104.85% of S&P 500 Index downside but only 98.41% of its upside — more exposed to losses than it benefited from rallies.
- With beta of 1.01 and R² of 0.89, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.37%
- Beta
- 1.01
- R²
- 0.89
- Upside Capture
- 98.41%
- Downside Capture
- 104.85%
Expense Ratio
SWMCX has an expense ratio of 0.04%, which is considered low.
Return for Risk
Risk / Return Rank
SWMCX ranks 31 for risk / return — below 31% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Schwab U.S. Mid-Cap Index Fund (SWMCX) and compare them to a chosen benchmark (S&P 500 Index).
| SWMCX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.90 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.12 | 1.39 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 1.40 | -0.54 |
Martin ratioReturn relative to average drawdown | 4.04 | 6.61 | -2.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore SWMCX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Schwab U.S. Mid-Cap Index Fund provided a 2.15% dividend yield over the last twelve months, with an annual payout of $0.31 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.31 | $0.35 | $0.18 | $0.16 | $0.37 | $0.15 | $0.22 | $0.10 |
Dividend yield | 2.15% | 2.13% | 2.60% | 1.49% | 1.59% | 2.93% | 1.45% | 2.44% | 1.41% |
Monthly Dividends
The table displays the monthly dividend distributions for Schwab U.S. Mid-Cap Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Schwab U.S. Mid-Cap Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Schwab U.S. Mid-Cap Index Fund was 40.34%, occurring on Mar 23, 2020. Recovery took 141 trading sessions.
The current Schwab U.S. Mid-Cap Index Fund drawdown is 8.15%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.34% | Feb 21, 2020 | 22 | Mar 23, 2020 | 141 | Oct 12, 2020 | 163 |
| -26.09% | Nov 17, 2021 | 229 | Oct 14, 2022 | 349 | Mar 7, 2024 | 578 |
| -21.21% | Aug 30, 2018 | 80 | Dec 24, 2018 | 74 | Apr 11, 2019 | 154 |
| -21.07% | Nov 26, 2024 | 90 | Apr 8, 2025 | 72 | Jul 23, 2025 | 162 |
| -9.63% | Jan 29, 2018 | 9 | Feb 8, 2018 | 116 | Jul 26, 2018 | 125 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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