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EZM vs. SCHM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EZM vs. SCHM

Last updated Jun 24, 2026

EZM (WisdomTree U.S. MidCap Earnings Fund) and SCHM (Schwab US Mid-Cap ETF) are both Mid Cap Blend Equities funds - EZM tracks the WisdomTree U.S. MidCap Index while SCHM tracks the Dow Jones US Total Stock Market Mid-Cap. Both are passively managed. Over the past 10 years, EZM returned 11.19%/yr vs 11.71%/yr for SCHM. With a 0.96 correlation, they move nearly in lockstep. EZM charges 0.38%/yr vs 0.04%/yr for SCHM.

Performance

EZM vs. SCHM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. MidCap Earnings Fund (EZM) 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, EZM achieves a 11.89% return, which is significantly lower than SCHM's 19.11% return. Both investments have delivered pretty close results over the past 10 years, with EZM having a 11.19% annualized return and SCHM not far ahead at 11.71%.

EZM

1D
-0.44%
1M
2.64%
YTD
11.89%
6M
10.26%
1Y
23.90%
3Y*
15.31%
5Y*
8.74%
10Y*
11.19%

SCHM

1D
-1.73%
1M
2.88%
YTD
19.11%
6M
16.97%
1Y
31.33%
3Y*
17.85%
5Y*
8.08%
10Y*
11.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EZM vs. SCHM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EZM
WisdomTree U.S. MidCap Earnings Fund		11.89%8.42%10.29%19.69%-12.22%31.00%5.57%24.48%-12.36%17.37%
SCHM
Schwab US Mid-Cap ETF		19.11%10.17%11.98%16.69%-17.07%19.36%15.26%27.48%-8.77%19.60%

Correlation

The correlation between EZM and SCHM is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.92

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

0.95

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

0.96

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

0.95

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

0.96

The correlation between EZM and SCHM has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

EZM vs. SCHM - Sectors Allocation Comparison

Sectors
EZM
SCHM

Financial Services

19.0%
10.9%

Industrials

16.4%
21.7%

Consumer Cyclical

15.2%
10.8%

Technology

13.6%
22.1%

Healthcare

9.9%
10.9%

Energy

6.4%
3.4%

Consumer Defensive

5.1%
3.4%

Real Estate

5.0%
6.4%

Basic Materials

4.4%
4.7%

Utilities

3.2%
2.9%

Communication Services

1.9%
2.6%

Financial Services

EZM
19.0%
SCHM
10.9%

Industrials

EZM
16.4%
SCHM
21.7%

Consumer Cyclical

EZM
15.2%
SCHM
10.8%

Technology

EZM
13.6%
SCHM
22.1%

Healthcare

EZM
9.9%
SCHM
10.9%

Energy

EZM
6.4%
SCHM
3.4%

Consumer Defensive

EZM
5.1%
SCHM
3.4%

Real Estate

EZM
5.0%
SCHM
6.4%

Basic Materials

EZM
4.4%
SCHM
4.7%

Utilities

EZM
3.2%
SCHM
2.9%

Communication Services

EZM
1.9%
SCHM
2.6%

Compare stocks, funds, or ETFs

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

WisdomTree U.S. MidCap Earnings Fund

Schwab US Mid-Cap ETF

Often compared with EZM:
EZM vs. JHQAXEZM vs. IQDGEZM vs. REGLEZM vs. SPMDEZM vs. RFVEZM vs. IMCGEZM vs. FLQM
Often compared with SCHM:
SCHM vs. VOSCHM vs. SCHASCHM vs. VOOSCHM vs. IJHSCHM vs. SWMCXSCHM vs. VOTSCHM vs. SPMD

Return for Risk

EZM vs. SCHM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EZM
EZM Risk / Return Rank: 5454
Overall Rank
EZM Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
EZM Sortino Ratio Rank: 5454
Sortino Ratio Rank
EZM Omega Ratio Rank: 4747
Omega Ratio Rank
EZM Calmar Ratio Rank: 6060
Calmar Ratio Rank
EZM Martin Ratio Rank: 5757
Martin Ratio Rank
SCHM
SCHM Risk / Return Rank: 6464
Overall Rank
SCHM Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
SCHM Sortino Ratio Rank: 6060
Sortino Ratio Rank
SCHM Omega Ratio Rank: 5656
Omega Ratio Rank
SCHM Calmar Ratio Rank: 7070
Calmar Ratio Rank
SCHM Martin Ratio Rank: 7474
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.

EZM vs. SCHM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. MidCap Earnings Fund (EZM) 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.

EZMSCHMDifference
Sharpe ratioReturn per unit of total volatility
1.60
1.93

-0.34

Sortino ratioReturn per unit of downside risk
2.44
2.72

-0.28

Omega ratioGain probability vs. loss probability

1.28

1.34

-0.05

Calmar ratioReturn relative to maximum drawdown

2.76

3.38

-0.62

Martin ratioReturn relative to average drawdown

9.36

13.48

-4.13

EZM vs. SCHM - Sharpe Ratio Comparison

The current EZM Sharpe Ratio is 1.60, which is comparable to the SCHM Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of EZM 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

EZM vs. SCHM - Drawdown Comparison

The maximum EZM drawdown since its inception was -59.58%, which is greater than SCHM's maximum drawdown of -42.43%. Use the drawdown chart below to compare losses from any high point for EZM and SCHM.

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Drawdown Indicators

EZMSCHMDifference

Max Drawdown

Largest peak-to-trough decline

-59.58%

-42.43%

-17.15%

Max Drawdown (1Y)

Largest decline over 1 year

-8.70%

-9.32%

+0.62%

Max Drawdown (3Y)

Largest decline over 3 years

-23.53%

-23.27%

-0.26%

Max Drawdown (5Y)

Largest decline over 5 years

-23.53%

-26.46%

+2.93%

Max Drawdown (10Y)

Largest decline over 10 years

-47.26%

-42.43%

-4.83%

Current Drawdown

Current decline from peak

-1.01%

-1.73%

+0.72%

Average Drawdown

Average peak-to-trough decline

-8.25%

-5.64%

-2.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.56%

2.33%

+0.23%

Volatility

EZM vs. SCHM - Volatility Comparison

The current volatility for WisdomTree U.S. MidCap Earnings Fund (EZM) is 4.05%, while Schwab US Mid-Cap ETF (SCHM) has a volatility of 5.75%. This indicates that EZM 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

EZMSCHMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.05%

5.75%

-1.70%

Volatility (6M)

Calculated over the trailing 6-month period

10.54%

12.61%

-2.07%

Volatility (1Y)

Calculated over the trailing 1-year period

15.06%

16.30%

-1.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.40%

19.67%

+0.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.33%

20.49%

+1.84%

EZM vs. SCHM - Expense Ratio Comparison

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

Dividends

EZM vs. SCHM - Dividend Comparison

EZM's dividend yield for the trailing twelve months is around 1.25%, more than SCHM's 1.22% yield.

PositionTTM20252024202320222021202020192018201720162015
EZM
WisdomTree U.S. MidCap Earnings Fund		1.25%1.39%1.22%1.25%1.57%1.08%1.67%1.34%1.57%1.14%1.55%1.30%
SCHM
Schwab US Mid-Cap ETF		1.22%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

With a correlation of 0.92, EZM 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.

SCHM has higher volatility (5.75%) compared to EZM (4.05%). In terms of maximum drawdown, EZM dropped -59.58% vs SCHM's -42.43%.

On 10-year performance, SCHM leads with 11.71% vs 11.19% for EZM. On fees, SCHM is cheaper at 0.04% per year. On volatility, EZM has been the lower-risk option at 4.05%. 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 11.71% return vs 11.19%. 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 0.38% for EZM.

EZM has the higher dividend yield at 1.25%, compared with 1.22% for SCHM.

EZM tracks WisdomTree U.S. MidCap Index, while SCHM tracks Dow Jones US Total Stock Market Mid-Cap. They also come from different issuers: WisdomTree and Charles Schwab. Their fees differ too: 0.38% for EZM and 0.04% for SCHM.

SCHM currently has the higher Sharpe Ratio (1.93 vs 1.60), 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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