SCHM vs. BKMC

Last updated Jun 4, 2026

SCHM (Schwab US Mid-Cap ETF) and BKMC (BNY Mellon US Mid Cap Core Equity ETF) are both Mid Cap Growth Equities funds - SCHM tracks the Dow Jones US Total Stock Market Mid-Cap while BKMC tracks the Morningstar US Mid Cap Index. Both are passively managed. Over the past 5 years, SCHM returned 8.07%/yr vs 7.85%/yr for BKMC. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.04% expense ratio.

Performance

SCHM vs. BKMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab US Mid-Cap ETF (SCHM) and BNY Mellon US Mid Cap Core Equity ETF (BKMC). 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 BKMC's 11.31% 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%

BKMC

• 1D: -0.34%
• 1M: 3.45%
• YTD: 11.31%
• 6M: 11.40%
• 1Y: 23.02%
• 3Y*: 16.09%
• 5Y*: 7.85%
• 10Y*: —

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

SCHM vs. BKMC - 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%	49.35%
BKMC BNY Mellon US Mid Cap Core Equity ETF	11.31%	8.74%	13.78%	17.50%	-16.03%	23.83%	45.93%

Correlation

The correlation between SCHM and BKMC 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Apr 13, 2020	0.97

The correlation between SCHM and BKMC has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

SCHM vs. BKMC - Sectors Allocation Comparison

Sectors	SCHM	BKMC
Technology	22.0%	16.2%
Industrials	21.4%	22.9%
Financial Services	11.3%	12.4%
Healthcare	10.8%	11.4%
Consumer Cyclical	10.3%	9.1%
Real Estate	6.5%	7.6%
Basic Materials	4.7%	4.6%
Consumer Defensive	3.8%	4.3%
Energy	3.6%	3.3%
Utilities	3.0%	2.4%
Communication Services	2.6%	3.5%

Return for Risk

SCHM vs. BKMC — 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

BKMC

BKMC Risk / Return Rank: 46
BKMC Sharpe Ratio Rank: 43
BKMC Sortino Ratio Rank: 45
BKMC Omega Ratio Rank: 41
BKMC Calmar Ratio Rank: 48
BKMC Martin Ratio Rank: 53

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. BKMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab US Mid-Cap ETF (SCHM) and BNY Mellon US Mid Cap Core Equity ETF (BKMC). 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	BKMC	Difference
Sharpe ratio Return per unit of total volatility	2.09	1.53	+0.56
Sortino ratio Return per unit of downside risk	2.94	2.26	+0.69
Omega ratio Gain probability vs. loss probability	1.36	1.27	+0.10
Calmar ratio Return relative to maximum drawdown	3.50	2.36	+1.14
Martin ratio Return relative to average drawdown	14.11	9.06	+5.05
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. BKMC - Sharpe Ratio Comparison

The current SCHM Sharpe Ratio is 2.09, which is higher than the BKMC Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of SCHM and BKMC, 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	BKMC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	1.53	+0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.42	-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	0.82	-0.23

Drawdowns

SCHM vs. BKMC - Drawdown Comparison

The maximum SCHM drawdown since its inception was -42.43%, which is greater than BKMC's maximum drawdown of -25.02%. Use the drawdown chart below to compare losses from any high point for SCHM and BKMC.

Drawdown Indicators

	SCHM	BKMC	Difference
Max Drawdown Largest peak-to-trough decline	-42.43%	-25.02%	-17.41%
Max Drawdown (1Y) Largest decline over 1 year	-9.32%	-9.82%	+0.50%
Max Drawdown (3Y) Largest decline over 3 years	-23.27%	-23.68%	+0.41%
Max Drawdown (5Y) Largest decline over 5 years	-26.46%	-25.02%	-1.44%
Max Drawdown (10Y) Largest decline over 10 years	-42.43%	—	—
Current Drawdown Current decline from peak	-0.03%	-0.34%	+0.31%
Average Drawdown Average peak-to-trough decline	-5.66%	-6.55%	+0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	2.55%	-0.24%

Volatility

SCHM vs. BKMC - Volatility Comparison

Schwab US Mid-Cap ETF (SCHM) has a higher volatility of 4.72% compared to BNY Mellon US Mid Cap Core Equity ETF (BKMC) at 4.16%. This indicates that SCHM's price experiences larger fluctuations and is considered to be riskier than BKMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHM	BKMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	4.16%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	11.74%	10.93%	+0.81%
Volatility (1Y) Calculated over the trailing 1-year period	15.62%	15.12%	+0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.56%	18.77%	+0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.46%	19.16%	+1.30%

SCHM vs. BKMC - Expense Ratio Comparison

Both SCHM and BKMC have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SCHM vs. BKMC - Dividend Comparison

SCHM's dividend yield for the trailing twelve months is around 1.22%, less than BKMC's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKMC BNY Mellon US Mid Cap Core Equity ETF	1.38%	1.35%	1.54%	1.38%	1.63%	1.15%	0.86%	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 BKMC in my portfolio?

With a correlation of 0.97, SCHM and BKMC 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 BKMC?

SCHM has higher volatility (4.72%) compared to BKMC (4.16%). In terms of maximum drawdown, SCHM dropped -42.43% vs BKMC's -25.02%.

Which ETF is better, SCHM or BKMC?

On 5-year performance, SCHM leads with 8.07% vs 7.85% for BKMC. Both ETFs have the same 0.04% expense ratio. On volatility, BKMC has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHM or BKMC?

Over the 5-year period, SCHM has performed better with a 8.07% return vs 7.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHM or BKMC?

SCHM and BKMC have the same expense ratio: 0.04% per year.

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

BKMC has the higher dividend yield at 1.38%, compared with 1.22% for SCHM.

What is the main difference between SCHM and BKMC?

SCHM tracks Dow Jones US Total Stock Market Mid-Cap, while BKMC tracks Morningstar US Mid Cap Index. They also come from different issuers: Charles Schwab and BNY Mellon.

Which has better risk-adjusted returns?

SCHM currently has the higher Sharpe Ratio (2.09 vs 1.53), 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.