- ISIN
- US80850L7266
- Issuer
- Charles Schwab
- Inception Date
- Dec 20, 2017
- Category
- Mid Cap Blend Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $3B
Share Price Chart
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Performance
SWMCX Performance Chart
Schwab U.S. Mid-Cap Index Fund (SWMCX) is up 13.4% since the beginning of the year. SWMCX is currently trading at $16 per share. Investors who bought $1,000 worth of SWMCX shares 5 years ago would now be looking at an investment worth $1,526.
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Returns By Period
Schwab U.S. Mid-Cap Index Fund (SWMCX) has returned 13.41% so far this year and 22.93% over the past 12 months.
Schwab U.S. Mid-Cap Index Fund
- 1D
- 1.05%
- 1M
- 2.84%
- YTD
- 13.41%
- 6M
- 11.55%
- 1Y
- 22.93%
- 3Y*
- 16.36%
- 5Y*
- 8.82%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SWMCX Monthly Returns History
Based on dividend-adjusted daily data since Dec 19, 2017, SWMCX's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, an investment would double in approximately 5.8 years.
Historically, 62% of months were positive and 38% 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% | -5.33% | 7.34% | 2.88% | 1.43% | 13.41% | ||||||
| 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 -1.62%, beta of 1.01, and R2 of 0.89 versus S&P 500 Index. Calculated based on daily prices since December 19, 2017.
- This fund participated in 103.71% of S&P 500 Index downside but only 96.06% 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
- -1.62%
- Beta
- 1.01
- R²
- 0.89
- Upside Capture
- 96.06%
- Downside Capture
- 103.71%
Expense Ratio
SWMCX has an expense ratio of 0.04%, which is considered low.
Return for Risk
Risk / Return Rank
SWMCX ranks 46 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
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 S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SWMCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 2.78 | +0.06 |
| Martin ratioReturn relative to average drawdown | 10.84 | 12.44 | -1.60 |
Dividends
Dividend History
Schwab U.S. Mid-Cap Index Fund provided a 1.87% 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 | 1.87% | 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 | $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 0.73%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -40.34%Mar 2020 | 1mo 1d | 6mo 23d | 7mo 24dFeb 2020 - Oct 2020 |
Bear market2022 | -26.09%Oct 2022 | 11mo 1d | 1y 4mo | 2y 3moNov 2021 - Mar 2024 |
Rate-hike selloffLate 2018 | -21.21%Dec 2018 | 3mo 26d | 3mo 18d | 7mo 14dAug 2018 - Apr 2019 |
2025 selloff2025 | -21.07%Apr 2025 | 4mo 13d | 3mo 16d | 7mo 29dNov 2024 - Jul 2025 |
2018 pullback2018 | -9.63%Feb 2018 | 10d | 5mo 18d | 5mo 28dJan 2018 - Jul 2018 |
Drawdown Indicators
| SWMCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.34% | -56.78% | +16.44% |
Max Drawdown (1Y)Largest decline over 1 year | -8.15% | -9.10% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -18.90% | -2.17% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -25.43% | -0.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.73% | -1.80% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -6.60% | -10.71% | +4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.03% | +0.10% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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