SCHM vs. BBMC

Last updated Jun 4, 2026

SCHM (Schwab US Mid-Cap ETF) and BBMC (JPMorgan BetaBuilders U.S. Mid Cap Equity ETF) are both exchange-traded funds - SCHM is a Mid Cap Growth Equities fund tracking the Dow Jones US Total Stock Market Mid-Cap, while BBMC is a Small Cap Growth Equities fund tracking the Morningstar US Mid Cap Target Market Exposure Extended Index. Both are passively managed. Over the past 5 years, SCHM returned 8.07%/yr vs 8.32%/yr for BBMC. With a 0.99 correlation, they move nearly in lockstep. SCHM charges 0.04%/yr vs 0.07%/yr for BBMC.

Performance

SCHM vs. BBMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab US Mid-Cap ETF (SCHM) and JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHM achieves a 19.05% return, which is significantly higher than BBMC's 16.66% return.

SCHM

• 1D: -0.03%
• 1M: 5.28%
• YTD: 19.05%
• 6M: 19.54%
• 1Y: 32.45%
• 3Y*: 18.14%
• 5Y*: 8.07%
• 10Y*: 11.37%

BBMC

• 1D: -0.12%
• 1M: 4.96%
• YTD: 16.66%
• 6M: 16.84%
• 1Y: 33.04%
• 3Y*: 19.56%
• 5Y*: 8.32%
• 10Y*: —

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

SCHM vs. BBMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SCHM Schwab US Mid-Cap ETF	19.05%	10.17%	11.98%	16.69%	-17.07%	19.36%	55.83%
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF	16.66%	12.24%	15.15%	18.37%	-19.77%	17.64%	61.98%

Correlation

The correlation between SCHM and BBMC is 0.99 - 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	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Apr 16, 2020	0.99

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

SCHM vs. BBMC - Sectors Allocation Comparison

Sectors	SCHM	BBMC
Technology	22.0%	21.6%
Industrials	21.4%	18.6%
Financial Services	11.3%	10.6%
Healthcare	10.8%	10.0%
Consumer Cyclical	10.3%	11.5%
Real Estate	6.5%	6.3%
Basic Materials	4.7%	4.9%
Consumer Defensive	3.8%	3.5%
Energy	3.6%	3.1%
Utilities	3.0%	2.6%
Communication Services	2.6%	2.4%

Return for Risk

SCHM vs. BBMC — Risk / Return Rank

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

SCHM

SCHM Risk / Return Rank: 65
SCHM Sharpe Ratio Rank: 61
SCHM Sortino Ratio Rank: 62
SCHM Omega Ratio Rank: 58
SCHM Calmar Ratio Rank: 69
SCHM Martin Ratio Rank: 73

BBMC

BBMC Risk / Return Rank: 63
BBMC Sharpe Ratio Rank: 60
BBMC Sortino Ratio Rank: 60
BBMC Omega Ratio Rank: 56
BBMC Calmar Ratio Rank: 68
BBMC Martin Ratio Rank: 71

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.

SCHM vs. BBMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab US Mid-Cap ETF (SCHM) and JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC). 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.

	SCHM	BBMC	Difference
Sharpe ratio: Return per unit of total volatility	2.09	2.04	+0.05
Sortino ratio: Return per unit of downside risk	2.94	2.86	+0.09
Omega ratio: Gain probability vs. loss probability	1.36	1.35	+0.01
Calmar ratio: Return relative to maximum drawdown	3.50	3.41	+0.09
Martin ratio: Return relative to average drawdown	14.11	13.41	+0.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHM vs. BBMC - Sharpe Ratio Comparison

The current SCHM Sharpe Ratio is 2.09, which is comparable to the BBMC Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of SCHM and BBMC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SCHM	BBMC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	2.04	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.41	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.85	-0.26

Drawdowns

SCHM vs. BBMC - Drawdown Comparison

The maximum SCHM drawdown since its inception was -42.43%, which is greater than BBMC's maximum drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for SCHM and BBMC.

Drawdown Indicators

	SCHM	BBMC	Difference
Max Drawdown Largest peak-to-trough decline	-42.43%	-30.11%	-12.32%
Max Drawdown (1Y) Largest decline over 1 year	-9.32%	-9.75%	+0.43%
Max Drawdown (3Y) Largest decline over 3 years	-23.27%	-24.18%	+0.91%
Max Drawdown (5Y) Largest decline over 5 years	-26.46%	-30.11%	+3.65%
Max Drawdown (10Y) Largest decline over 10 years	-42.43%	—	—
Current Drawdown Current decline from peak	-0.03%	-0.12%	+0.09%
Average Drawdown Average peak-to-trough decline	-5.66%	-8.92%	+3.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	2.47%	-0.16%

Volatility

SCHM vs. BBMC - Volatility Comparison

Schwab US Mid-Cap ETF (SCHM) and JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) have volatilities of 4.72% and 4.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHM	BBMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	4.72%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	11.74%	12.14%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	15.62%	16.32%	-0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.56%	20.59%	-1.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.46%	21.08%	-0.62%

SCHM vs. BBMC - Expense Ratio Comparison

SCHM has a 0.04% expense ratio, which is lower than BBMC's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SCHM vs. BBMC - Dividend Comparison

SCHM's dividend yield for the trailing twelve months is around 1.22%, more than BBMC's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF	1.09%	1.25%	1.31%	1.36%	1.48%	0.87%	0.69%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both SCHM and BBMC in my portfolio?

With a correlation of 0.99, SCHM and BBMC 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 is riskier, SCHM or BBMC?

BBMC has higher volatility (4.72%) compared to SCHM (4.72%). In terms of maximum drawdown, SCHM dropped -42.43% vs BBMC's -30.11%.

Which ETF is better, SCHM or BBMC?

On 5-year performance, BBMC leads with 8.32% vs 8.07% for SCHM. On fees, SCHM is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHM or BBMC?

Over the 5-year period, BBMC has performed better with a 8.32% return vs 8.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHM or BBMC?

SCHM is cheaper with a 0.04% expense ratio, compared with 0.07% for BBMC.

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

SCHM has the higher dividend yield at 1.22%, compared with 1.09% for BBMC.

What is the main difference between SCHM and BBMC?

SCHM is categorized as Mid Cap Growth Equities, while BBMC is Small Cap Growth Equities. SCHM tracks Dow Jones US Total Stock Market Mid-Cap, while BBMC tracks Morningstar US Mid Cap Target Market Exposure Extended Index. They also come from different issuers: Charles Schwab and JPMorgan. Their fees differ too: 0.04% for SCHM and 0.07% for BBMC.

Which has better risk-adjusted returns?

SCHM currently has the higher Sharpe Ratio (2.09 vs 2.04), 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.