SCHM vs. VO
Compare and contrast key facts about Schwab US Mid-Cap ETF (SCHM) and Vanguard Mid-Cap ETF (VO).
SCHM and VO 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. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004. Both SCHM and VO 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 VO.
Key characteristics
| SCHM | VO | |
|---|---|---|
| YTD Return | 3.01% | 3.42% |
| 1Y Return | 18.76% | 18.86% |
| 3Y Return (Ann) | 1.20% | 2.62% |
| 5Y Return (Ann) | 7.75% | 9.23% |
| 10Y Return (Ann) | 8.90% | 9.50% |
| Sharpe Ratio | 1.21 | 1.40 |
| Daily Std Dev | 15.24% | 13.10% |
| Max Drawdown | -42.43% | -58.89% |
| Current Drawdown | -5.03% | -4.53% |
Correlation
The correlation between SCHM and VO is 0.98, 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.
Performance
SCHM vs. VO - Performance Comparison
In the year-to-date period, SCHM achieves a 3.01% return, which is significantly lower than VO's 3.42% return. Over the past 10 years, SCHM has underperformed VO with an annualized return of 8.90%, while VO has yielded a comparatively higher 9.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SCHM vs. VO - Expense Ratio Comparison
Both SCHM and VO 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%.
Risk-Adjusted Performance
SCHM vs. VO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab US Mid-Cap ETF (SCHM) and Vanguard Mid-Cap ETF (VO). 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. VO - Dividend Comparison
SCHM's dividend yield for the trailing twelve months is around 1.49%, less than VO's 1.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHM Schwab US Mid-Cap ETF | 1.49% | 1.50% | 1.67% | 1.13% | 1.31% | 1.48% | 1.56% | 1.27% | 1.51% | 1.54% | 1.48% | 1.27% |
VO Vanguard Mid-Cap ETF | 1.56% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% | 1.17% |
Drawdowns
SCHM vs. VO - Drawdown Comparison
The maximum SCHM drawdown since its inception was -42.43%, smaller than the maximum VO drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for SCHM and VO. For additional features, visit the drawdowns tool.
Volatility
SCHM vs. VO - Volatility Comparison
Schwab US Mid-Cap ETF (SCHM) has a higher volatility of 4.35% compared to Vanguard Mid-Cap ETF (VO) at 3.75%. This indicates that SCHM's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.