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IJH vs. SCHM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJH vs. SCHM

Last updated Jun 23, 2026

IJH (iShares Core S&P Mid-Cap ETF) and SCHM (Schwab US Mid-Cap ETF) are both Mid Cap Blend Equities funds - IJH tracks the S&P MidCap 400 Index while SCHM tracks the Dow Jones US Total Stock Market Mid-Cap. Both are passively managed. Over the past 10 years, IJH returned 11.74%/yr vs 11.91%/yr for SCHM. With a 0.98 correlation, they move nearly in lockstep. IJH charges 0.05%/yr vs 0.04%/yr for SCHM.

Performance

IJH vs. SCHM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P Mid-Cap ETF (IJH) 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, IJH achieves a 15.82% return, which is significantly lower than SCHM's 21.21% return. Both investments have delivered pretty close results over the past 10 years, with IJH having a 11.74% annualized return and SCHM not far ahead at 11.91%.

IJH

1D
0.38%
1M
3.76%
YTD
15.82%
6M
13.38%
1Y
27.53%
3Y*
16.50%
5Y*
8.90%
10Y*
11.74%

SCHM

1D
0.75%
1M
4.69%
YTD
21.21%
6M
18.53%
1Y
34.77%
3Y*
18.54%
5Y*
8.58%
10Y*
11.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJH vs. SCHM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJH
iShares Core S&P Mid-Cap ETF		15.82%7.42%13.92%16.40%-13.11%24.72%13.60%26.10%-11.19%16.26%
SCHM
Schwab US Mid-Cap ETF		21.21%10.17%11.98%16.69%-17.07%19.36%15.26%27.48%-8.77%19.60%

Correlation

The correlation between IJH and SCHM is 0.97 - 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 (1Y)
Calculated over the trailing 1-year period

0.97

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

0.98

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

0.99

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

0.98

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

0.98

The correlation between IJH and SCHM has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

IJH vs. SCHM - Sectors Allocation Comparison

Sectors
IJH
SCHM

Industrials

25.9%
21.7%

Technology

16.6%
22.1%

Financial Services

13.5%
10.9%

Consumer Cyclical

9.2%
10.8%

Healthcare

8.7%
10.9%

Real Estate

7.5%
6.4%

Energy

5.3%
3.4%

Basic Materials

4.9%
4.7%

Consumer Defensive

4.2%
3.4%

Utilities

3.0%
2.9%

Communication Services

1.0%
2.6%

Industrials

IJH
25.9%
SCHM
21.7%

Technology

IJH
16.6%
SCHM
22.1%

Financial Services

IJH
13.5%
SCHM
10.9%

Consumer Cyclical

IJH
9.2%
SCHM
10.8%

Healthcare

IJH
8.7%
SCHM
10.9%

Real Estate

IJH
7.5%
SCHM
6.4%

Energy

IJH
5.3%
SCHM
3.4%

Basic Materials

IJH
4.9%
SCHM
4.7%

Consumer Defensive

IJH
4.2%
SCHM
3.4%

Utilities

IJH
3.0%
SCHM
2.9%

Communication Services

IJH
1.0%
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.

iShares Core S&P Mid-Cap ETF

Schwab US Mid-Cap ETF

Often compared with IJH:
IJH vs. VOIJH vs. IJRIJH vs. MDYIJH vs. IJJIJH vs. IJKIJH vs. IVOOIJH vs. VOE
Often compared with SCHM:
SCHM vs. VOSCHM vs. SCHASCHM vs. VOOSCHM vs. SWMCXSCHM vs. VOTSCHM vs. SPMDSCHM vs. IMCG

Return for Risk

IJH vs. SCHM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJH
IJH Risk / Return Rank: 5757
Overall Rank
IJH Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
IJH Sortino Ratio Rank: 5454
Sortino Ratio Rank
IJH Omega Ratio Rank: 5050
Omega Ratio Rank
IJH Calmar Ratio Rank: 6565
Calmar Ratio Rank
IJH Martin Ratio Rank: 6464
Martin Ratio Rank
SCHM
SCHM Risk / Return Rank: 7171
Overall Rank
SCHM Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
SCHM Sortino Ratio Rank: 6969
Sortino Ratio Rank
SCHM Omega Ratio Rank: 6464
Omega Ratio Rank
SCHM Calmar Ratio Rank: 7676
Calmar Ratio Rank
SCHM Martin Ratio Rank: 7979
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.

IJH vs. SCHM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Mid-Cap ETF (IJH) 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.

IJHSCHMDifference
Sharpe ratioReturn per unit of total volatility
1.75
2.16

-0.41

Sortino ratioReturn per unit of downside risk
2.53
3.00

-0.47

Omega ratioGain probability vs. loss probability

1.31

1.37

-0.07

Calmar ratioReturn relative to maximum drawdown

3.13

3.75

-0.62

Martin ratioReturn relative to average drawdown

11.45

14.98

-3.54

IJH vs. SCHM - Sharpe Ratio Comparison

The current IJH Sharpe Ratio is 1.75, which is comparable to the SCHM Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of IJH 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

IJH vs. SCHM - Drawdown Comparison

The maximum IJH drawdown since its inception was -55.07%, which is greater than SCHM's maximum drawdown of -42.43%. Use the drawdown chart below to compare losses from any high point for IJH and SCHM.

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Drawdown Indicators

IJHSCHMDifference

Max Drawdown

Largest peak-to-trough decline

-55.07%

-42.43%

-12.64%

Max Drawdown (1Y)

Largest decline over 1 year

-8.83%

-9.32%

+0.49%

Max Drawdown (3Y)

Largest decline over 3 years

-24.10%

-23.27%

-0.83%

Max Drawdown (5Y)

Largest decline over 5 years

-24.10%

-26.46%

+2.36%

Max Drawdown (10Y)

Largest decline over 10 years

-42.18%

-42.43%

+0.25%

Current Drawdown

Current decline from peak

-0.12%

0.00%

-0.12%

Average Drawdown

Average peak-to-trough decline

-7.56%

-5.64%

-1.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.41%

2.33%

+0.08%

Volatility

IJH vs. SCHM - Volatility Comparison

The current volatility for iShares Core S&P Mid-Cap ETF (IJH) is 4.59%, while Schwab US Mid-Cap ETF (SCHM) has a volatility of 5.46%. This indicates that IJH 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

IJHSCHMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.59%

5.46%

-0.87%

Volatility (6M)

Calculated over the trailing 6-month period

11.70%

12.47%

-0.77%

Volatility (1Y)

Calculated over the trailing 1-year period

15.87%

16.23%

-0.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.76%

19.65%

+0.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.21%

20.51%

+0.70%

IJH vs. SCHM - Expense Ratio Comparison

IJH has a 0.05% expense ratio, which is higher than SCHM's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IJH vs. SCHM - Dividend Comparison

IJH's dividend yield for the trailing twelve months is around 1.17%, less than SCHM's 1.20% yield.

PositionTTM20252024202320222021202020192018201720162015
IJH
iShares Core S&P Mid-Cap ETF		1.17%1.36%1.33%1.46%1.68%1.18%1.28%1.63%1.72%1.19%1.60%1.56%
SCHM
Schwab US Mid-Cap ETF		1.20%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 0.97, IJH 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 (5.46%) compared to IJH (4.59%). In terms of maximum drawdown, IJH dropped -55.07% vs SCHM's -42.43%.

On 10-year performance, SCHM leads with 11.91% vs 11.74% for IJH. On fees, SCHM is cheaper at 0.04% per year. On volatility, IJH has been the lower-risk option at 4.59%. 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 11.91% return vs 11.74%. 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 0.05% for IJH.

SCHM has the higher dividend yield at 1.20%, compared with 1.17% for IJH.

IJH tracks S&P MidCap 400 Index, while SCHM tracks Dow Jones US Total Stock Market Mid-Cap. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.05% for IJH and 0.04% for SCHM.

SCHM currently has the higher Sharpe Ratio (2.16 vs 1.75), 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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