BRSM vs. SCHM

Last updated Jul 8, 2026

BRSM (MFS Blended Research Small-Mid Cap ETF) and SCHM (Schwab US Mid-Cap ETF) are both Mid Cap Blend Equities funds. BRSM is actively managed, while SCHM is passively managed. With a 0.95 correlation, they move nearly in lockstep. BRSM charges 0.38%/yr vs 0.04%/yr for SCHM.

Performance

BRSM vs. SCHM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Blended Research Small-Mid Cap ETF (BRSM) and Schwab US Mid-Cap ETF (SCHM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BRSM

• 1D: -0.82%
• 1M: 5.09%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHM

• 1D: -1.55%
• 1M: 2.32%
• 6M: 13.77%
• YTD: 18.80%
• 1Y: 26.75%
• 3Y*: 16.43%
• 5Y*: 8.33%
• 10Y*: 11.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BRSM vs. SCHM - Yearly Performance Comparison

	2026 (YTD)
BRSM MFS Blended Research Small-Mid Cap ETF	2.65%
SCHM Schwab US Mid-Cap ETF	-0.21%

Correlation

The correlation between BRSM and SCHM is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 4, 2026	0.95

Return for Risk

BRSM vs. SCHM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRSM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SCHM

SCHM Risk / Return Rank: 63
SCHM Sharpe Ratio Rank: 58
SCHM Sortino Ratio Rank: 59
SCHM Omega Ratio Rank: 54
SCHM Calmar Ratio Rank: 69
SCHM Martin Ratio Rank: 74

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.

BRSM vs. SCHM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Blended Research Small-Mid Cap ETF (BRSM) 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.

	BRSM	SCHM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.63	—
Sortino ratio: Return per unit of downside risk	—	2.34	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.88	—
Martin ratio: Return relative to average drawdown	—	11.40	—

Drawdowns

BRSM vs. SCHM - Drawdown Comparison

The maximum BRSM drawdown since its inception was -3.25%, smaller than the maximum SCHM drawdown of -42.43%. Use the drawdown chart below to compare losses from any high point for BRSM and SCHM.

Drawdown Indicators

	BRSM	SCHM	Difference
Max Drawdown Largest peak-to-trough decline	-3.25%	-42.43%	+39.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.32%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.27%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.43%	—
Current Drawdown Current decline from peak	-1.52%	-3.63%	+2.11%
Average Drawdown Average peak-to-trough decline	-0.89%	-5.63%	+4.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.35%	—

Volatility

Volatility by Period

	BRSM	SCHM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.99%	16.53%	+3.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.99%	19.72%	+0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.99%	20.46%	-0.47%

BRSM vs. SCHM - Expense Ratio Comparison

BRSM has a 0.38% expense ratio, which is higher than SCHM's 0.04% expense ratio.

Dividends

BRSM vs. SCHM - Dividend Comparison

BRSM has not paid dividends to shareholders, while SCHM's dividend yield for the trailing twelve months is around 1.24%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRSM MFS Blended Research Small-Mid Cap ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHM Schwab US Mid-Cap ETF	1.24%	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

Can I hold both BRSM and SCHM in my portfolio?

With a correlation of 0.95, BRSM and SCHM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, BRSM or SCHM?

On fees, SCHM is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BRSM or SCHM?

SCHM is cheaper with a 0.04% expense ratio, compared with 0.38% for BRSM.

Which ETF pays a higher dividend yield, BRSM or SCHM?

SCHM has the higher dividend yield at 1.24%, compared with 0.00% for BRSM.

What is the main difference between BRSM and SCHM?

They also come from different issuers: MFS and Charles Schwab. Their fees differ too: 0.38% for BRSM and 0.04% for SCHM.