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BMVP vs. SCHM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BMVP vs. SCHM

Last updated Jun 26, 2026

BMVP (Invesco Bloomberg MVP Multi-factor ETF) and SCHM (Schwab US Mid-Cap ETF) are both Mid Cap Blend Equities funds - BMVP tracks the Bloomberg MVP Index while SCHM tracks the Dow Jones US Total Stock Market Mid-Cap. Both are passively managed. Over the past 10 years, BMVP returned 10.04%/yr vs 12.31%/yr for SCHM. Their correlation of 0.87 suggests significant overlap in exposure. BMVP charges 0.29%/yr vs 0.04%/yr for SCHM.

Performance

BMVP vs. SCHM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Bloomberg MVP Multi-factor ETF (BMVP) and Schwab US Mid-Cap ETF (SCHM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BMVP achieves a 5.43% return, which is significantly lower than SCHM's 22.04% return. Over the past 10 years, BMVP has underperformed SCHM with an annualized return of 10.04%, while SCHM has yielded a comparatively higher 12.31% annualized return.

BMVP

1D
-0.15%
1M
-1.31%
YTD
5.43%
6M
4.09%
1Y
9.58%
3Y*
13.23%
5Y*
6.39%
10Y*
10.04%

SCHM

1D
1.96%
1M
4.00%
YTD
22.04%
6M
19.62%
1Y
34.41%
3Y*
18.54%
5Y*
8.42%
10Y*
12.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BMVP vs. SCHM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BMVP
Invesco Bloomberg MVP Multi-factor ETF		5.43%6.15%17.46%19.03%-16.01%19.38%8.52%13.47%-6.40%20.16%
SCHM
Schwab US Mid-Cap ETF		22.04%10.17%11.98%16.69%-17.07%19.36%15.26%27.48%-8.77%19.60%

Correlation

The correlation between BMVP and SCHM is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.65

Correlation (3Y)
Calculated over the trailing 3-year period

0.78

Correlation (5Y)
Calculated over the trailing 5-year period

0.85

Correlation (10Y)
Calculated over the trailing 10-year period

0.85

Correlation (All Time)
Calculated using the full available price history since Jan 13, 2011

0.87

Over the past year, the correlation between BMVP and SCHM has dropped to 0.65 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.

BMVP vs. SCHM - Sectors Allocation Comparison

Sectors
BMVP
SCHM

Technology

17.2%
22.1%

Industrials

16.6%
21.7%

Financial Services

16.3%
10.9%

Consumer Cyclical

10.6%
10.8%

Healthcare

9.7%
10.9%

Communication Services

7.5%
2.6%

Real Estate

5.4%
6.4%

Energy

5.1%
3.4%

Utilities

5.1%
2.9%

Consumer Defensive

5.0%
3.4%

Basic Materials

1.5%
4.7%

Technology

BMVP
17.2%
SCHM
22.1%

Industrials

BMVP
16.6%
SCHM
21.7%

Financial Services

BMVP
16.3%
SCHM
10.9%

Consumer Cyclical

BMVP
10.6%
SCHM
10.8%

Healthcare

BMVP
9.7%
SCHM
10.9%

Communication Services

BMVP
7.5%
SCHM
2.6%

Real Estate

BMVP
5.4%
SCHM
6.4%

Energy

BMVP
5.1%
SCHM
3.4%

Utilities

BMVP
5.1%
SCHM
2.9%

Consumer Defensive

BMVP
5.0%
SCHM
3.4%

Basic Materials

BMVP
1.5%
SCHM
4.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco Bloomberg MVP Multi-factor ETF

Schwab US Mid-Cap ETF

Often compared with BMVP:
BMVP vs. VOOBMVP vs. VTIBMVP vs. SPMOBMVP vs. MVCAXBMVP vs. FMDEBMVP vs. FZROXBMVP vs. SCHG
Often compared with SCHM:
SCHM vs. VOSCHM vs. SCHASCHM vs. VOOSCHM vs. IJHSCHM vs. SWMCXSCHM vs. VOTSCHM vs. SPMD

Return for Risk

BMVP vs. SCHM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BMVP
BMVP Risk / Return Rank: 3030
Overall Rank
BMVP Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
BMVP Sortino Ratio Rank: 2929
Sortino Ratio Rank
BMVP Omega Ratio Rank: 2626
Omega Ratio Rank
BMVP Calmar Ratio Rank: 3333
Calmar Ratio Rank
BMVP Martin Ratio Rank: 3333
Martin Ratio Rank
SCHM
SCHM Risk / Return Rank: 7878
Overall Rank
SCHM Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
SCHM Sortino Ratio Rank: 7777
Sortino Ratio Rank
SCHM Omega Ratio Rank: 7272
Omega Ratio Rank
SCHM Calmar Ratio Rank: 8181
Calmar Ratio Rank
SCHM Martin Ratio Rank: 8484
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BMVP vs. SCHM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg MVP Multi-factor ETF (BMVP) and Schwab US Mid-Cap ETF (SCHM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

BMVPSCHMDifference
Sharpe ratioReturn per unit of total volatility
0.99
2.12

-1.13

Sortino ratioReturn per unit of downside risk
1.48
2.95

-1.47

Omega ratioGain probability vs. loss probability

1.17

1.37

-0.20

Calmar ratioReturn relative to maximum drawdown

1.49

3.71

-2.22

Martin ratioReturn relative to average drawdown

4.44

14.81

-10.37

BMVP vs. SCHM - Sharpe Ratio Comparison

The current BMVP Sharpe Ratio is 0.99, which is lower than the SCHM Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of BMVP and SCHM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BMVP vs. SCHM - Drawdown Comparison

The maximum BMVP drawdown since its inception was -78.13%, which is greater than SCHM's maximum drawdown of -42.43%. Use the drawdown chart below to compare losses from any high point for BMVP and SCHM.

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Drawdown Indicators

BMVPSCHMDifference

Max Drawdown

Largest peak-to-trough decline

-78.13%

-42.43%

-35.70%

Max Drawdown (1Y)

Largest decline over 1 year

-6.45%

-9.32%

+2.87%

Max Drawdown (3Y)

Largest decline over 3 years

-15.12%

-23.27%

+8.15%

Max Drawdown (5Y)

Largest decline over 5 years

-26.58%

-26.46%

-0.12%

Max Drawdown (10Y)

Largest decline over 10 years

-39.45%

-42.43%

+2.98%

Current Drawdown

Current decline from peak

-2.75%

0.00%

-2.75%

Average Drawdown

Average peak-to-trough decline

-36.11%

-5.64%

-30.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.16%

2.33%

-0.17%

Volatility

BMVP vs. SCHM - Volatility Comparison

The current volatility for Invesco Bloomberg MVP Multi-factor ETF (BMVP) is 2.52%, while Schwab US Mid-Cap ETF (SCHM) has a volatility of 5.91%. This indicates that BMVP experiences smaller price fluctuations and is considered to be less risky than SCHM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BMVPSCHMDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.52%

5.91%

-3.39%

Volatility (6M)

Calculated over the trailing 6-month period

7.26%

12.69%

-5.43%

Volatility (1Y)

Calculated over the trailing 1-year period

9.81%

16.37%

-6.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.02%

19.68%

-3.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.78%

20.49%

-1.71%

BMVP vs. SCHM - Expense Ratio Comparison

BMVP has a 0.29% expense ratio, which is higher than SCHM's 0.04% expense ratio.

Dividends

BMVP vs. SCHM - Dividend Comparison

BMVP's dividend yield for the trailing twelve months is around 1.80%, more than SCHM's 1.21% yield.

PositionTTM20252024202320222021202020192018201720162015
BMVP
Invesco Bloomberg MVP Multi-factor ETF		1.80%1.77%1.58%1.67%1.51%0.56%1.09%0.95%1.44%1.75%1.35%1.02%
SCHM
Schwab US Mid-Cap ETF		1.21%1.46%1.43%1.50%1.67%1.13%1.31%1.48%1.56%1.27%1.51%1.54%

Frequently Asked Questions

BMVP and SCHM have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCHM has higher volatility (5.91%) compared to BMVP (2.52%). In terms of maximum drawdown, BMVP dropped -78.13% vs SCHM's -42.43%.

On 10-year performance, SCHM leads with 12.31% vs 10.04% for BMVP. On fees, SCHM is cheaper at 0.04% per year. On volatility, BMVP has been the lower-risk option at 2.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SCHM has performed better with a 12.31% return vs 10.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHM is cheaper with a 0.04% expense ratio, compared with 0.29% for BMVP.

BMVP has the higher dividend yield at 1.80%, compared with 1.21% for SCHM.

BMVP tracks Bloomberg MVP Index, while SCHM tracks Dow Jones US Total Stock Market Mid-Cap. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.29% for BMVP and 0.04% for SCHM.

SCHM currently has the higher Sharpe Ratio (2.12 vs 0.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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