SCHM vs. TMDIX

Last updated Jun 4, 2026

SCHM (Schwab US Mid-Cap ETF) and TMDIX (AMG TimesSquare Mid Cap Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, SCHM returned 11.37%/yr vs 13.10%/yr for TMDIX. Their correlation of 0.91 suggests significant overlap in exposure. SCHM charges 0.04%/yr vs 0.98%/yr for TMDIX.

Performance

SCHM vs. TMDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab US Mid-Cap ETF (SCHM) and AMG TimesSquare Mid Cap Growth Fund (TMDIX). 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 TMDIX's 5.07% return. Over the past 10 years, SCHM has underperformed TMDIX with an annualized return of 11.37%, while TMDIX has yielded a comparatively higher 13.10% annualized 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%

TMDIX

• 1D: 0.80%
• 1M: 5.57%
• YTD: 5.07%
• 6M: -6.97%
• 1Y: -3.03%
• 3Y*: 9.24%
• 5Y*: 4.67%
• 10Y*: 13.10%

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

SCHM vs. TMDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHM Schwab US Mid-Cap ETF	19.05%	10.17%	11.98%	16.69%	-17.07%	19.36%	15.26%	27.48%	-8.77%	19.60%
TMDIX AMG TimesSquare Mid Cap Growth Fund	5.07%	-1.76%	10.84%	25.07%	-22.26%	16.75%	33.42%	63.26%	-4.28%	22.66%

Correlation

The correlation between SCHM and TMDIX is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jan 14, 2011	0.91

The correlation between SCHM and TMDIX has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.

Return for Risk

SCHM vs. TMDIX — 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

TMDIX

TMDIX Risk / Return Rank: 2
TMDIX Sharpe Ratio Rank: 2
TMDIX Sortino Ratio Rank: 2
TMDIX Omega Ratio Rank: 2
TMDIX Calmar Ratio Rank: 2
TMDIX Martin Ratio Rank: 2

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. TMDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab US Mid-Cap ETF (SCHM) and AMG TimesSquare Mid Cap Growth Fund (TMDIX). 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	TMDIX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	-0.11	+2.20
Sortino ratio: Return per unit of downside risk	2.94	-0.01	+2.95
Omega ratio: Gain probability vs. loss probability	1.36	1.00	+0.37
Calmar ratio: Return relative to maximum drawdown	3.50	-0.08	+3.58
Martin ratio: Return relative to average drawdown	14.11	-0.17	+14.28
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. TMDIX - Sharpe Ratio Comparison

The current SCHM Sharpe Ratio is 2.09, which is higher than the TMDIX Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of SCHM and TMDIX, 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	TMDIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	-0.11	+2.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.23	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.62	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.54	+0.05

Drawdowns

SCHM vs. TMDIX - Drawdown Comparison

The maximum SCHM drawdown since its inception was -42.43%, smaller than the maximum TMDIX drawdown of -48.73%. Use the drawdown chart below to compare losses from any high point for SCHM and TMDIX.

Drawdown Indicators

	SCHM	TMDIX	Difference
Max Drawdown Largest peak-to-trough decline	-42.43%	-48.73%	+6.30%
Max Drawdown (1Y) Largest decline over 1 year	-9.32%	-25.45%	+16.13%
Max Drawdown (3Y) Largest decline over 3 years	-23.27%	-25.45%	+2.18%
Max Drawdown (5Y) Largest decline over 5 years	-26.46%	-30.53%	+4.07%
Max Drawdown (10Y) Largest decline over 10 years	-42.43%	-35.44%	-6.99%
Current Drawdown Current decline from peak	-0.03%	-12.03%	+12.00%
Average Drawdown Average peak-to-trough decline	-5.66%	-7.15%	+1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	12.08%	-9.77%

Volatility

SCHM vs. TMDIX - Volatility Comparison

Schwab US Mid-Cap ETF (SCHM) has a higher volatility of 4.72% compared to AMG TimesSquare Mid Cap Growth Fund (TMDIX) at 3.92%. This indicates that SCHM's price experiences larger fluctuations and is considered to be riskier than TMDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHM	TMDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	3.92%	+0.80%
Volatility (6M) Calculated over the trailing 6-month period	11.74%	17.14%	-5.40%
Volatility (1Y) Calculated over the trailing 1-year period	15.62%	19.56%	-3.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.56%	20.38%	-0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.46%	21.08%	-0.62%

SCHM vs. TMDIX - Expense Ratio Comparison

SCHM has a 0.04% expense ratio, which is lower than TMDIX's 0.98% expense ratio.

Dividends

SCHM vs. TMDIX - Dividend Comparison

SCHM's dividend yield for the trailing twelve months is around 1.22%, while TMDIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TMDIX AMG TimesSquare Mid Cap Growth Fund	0.00%	0.00%	8.08%	3.98%	3.69%	29.72%	18.28%	31.06%	16.38%	14.44%	5.90%	7.73%

Frequently Asked Questions

Can I hold both SCHM and TMDIX in my portfolio?

SCHM and TMDIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHM or TMDIX?

SCHM has higher volatility (4.72%) compared to TMDIX (3.92%). In terms of maximum drawdown, SCHM dropped -42.43% vs TMDIX's -48.73%.

Which has better risk-adjusted returns?

SCHM currently has the higher Sharpe Ratio (2.09 vs -0.11), 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.