SCHM vs. SPMD
Compare and contrast key facts about Schwab US Mid-Cap ETF (SCHM) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD).
SCHM and SPMD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHM is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones US Total Stock Market Mid-Cap. It was launched on Jan 13, 2011. SPMD is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on Nov 8, 2005. Both SCHM and SPMD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCHM or SPMD.
Performance
SCHM vs. SPMD - Performance Comparison
Returns By Period
In the year-to-date period, SCHM achieves a 17.92% return, which is significantly lower than SPMD's 19.66% return. Over the past 10 years, SCHM has outperformed SPMD with an annualized return of 10.86%, while SPMD has yielded a comparatively lower 9.89% annualized return.
SCHM
17.92%
5.17%
12.25%
29.69%
11.09%
10.86%
SPMD
19.66%
4.78%
12.12%
30.84%
12.40%
9.89%
Key characteristics
| SCHM | SPMD | |
|---|---|---|
| Sharpe Ratio | 2.02 | 1.98 |
| Sortino Ratio | 2.80 | 2.80 |
| Omega Ratio | 1.35 | 1.34 |
| Calmar Ratio | 2.33 | 3.22 |
| Martin Ratio | 10.63 | 11.43 |
| Ulcer Index | 2.87% | 2.77% |
| Daily Std Dev | 15.08% | 15.93% |
| Max Drawdown | -42.43% | -57.62% |
| Current Drawdown | -0.61% | -1.15% |
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SCHM vs. SPMD - Expense Ratio Comparison
SCHM has a 0.04% expense ratio, which is lower than SPMD's 0.05% 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%.
Correlation
The correlation between SCHM and SPMD is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SCHM vs. SPMD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab US Mid-Cap ETF (SCHM) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD). 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.
Dividends
SCHM vs. SPMD - Dividend Comparison
SCHM's dividend yield for the trailing twelve months is around 2.84%, more than SPMD's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHM Schwab US Mid-Cap ETF | 2.84% | 3.10% | 5.01% | 2.21% | 2.48% | 3.81% | 2.37% | 2.68% | 3.94% | 2.33% | 4.45% | 2.56% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.31% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% | 5.71% | 10.67% |
Drawdowns
SCHM vs. SPMD - Drawdown Comparison
The maximum SCHM drawdown since its inception was -42.43%, smaller than the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for SCHM and SPMD. For additional features, visit the drawdowns tool.
Volatility
SCHM vs. SPMD - Volatility Comparison
The current volatility for Schwab US Mid-Cap ETF (SCHM) is 5.01%, while SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has a volatility of 5.45%. This indicates that SCHM experiences smaller price fluctuations and is considered to be less risky than SPMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.