SCHM vs. VXF

Last updated Jun 26, 2026

SCHM (Schwab US Mid-Cap ETF) and VXF (Vanguard Extended Market ETF) are both Mid Cap Blend Equities funds - SCHM tracks the Dow Jones US Total Stock Market Mid-Cap while VXF tracks the S&P Completion Index. Both are passively managed. Over the past 10 years, SCHM returned 12.31%/yr vs 12.99%/yr for VXF. With a 0.97 correlation, they move nearly in lockstep. SCHM charges 0.04%/yr vs 0.05%/yr for VXF.

Performance

SCHM vs. VXF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab US Mid-Cap ETF (SCHM) and Vanguard Extended Market ETF (VXF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHM achieves a 22.04% return, which is significantly higher than VXF's 15.63% return. Over the past 10 years, SCHM has underperformed VXF with an annualized return of 12.31%, while VXF has yielded a comparatively higher 12.99% annualized return.

SCHM

• 1D: 1.96%
• 1M: 4.00%
• YTD: 22.04%
• 6M: 19.62%
• 1Y: 34.41%
• 3Y*: 18.54%
• 5Y*: 8.42%
• 10Y*: 12.31%

VXF

• 1D: 0.54%
• 1M: 2.77%
• YTD: 15.63%
• 6M: 13.10%
• 1Y: 28.85%
• 3Y*: 20.23%
• 5Y*: 6.09%
• 10Y*: 12.99%

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

SCHM vs. VXF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHM Schwab US Mid-Cap ETF	22.04%	10.17%	11.98%	16.69%	-17.07%	19.36%	15.26%	27.48%	-8.77%	19.60%
VXF Vanguard Extended Market ETF	15.63%	11.40%	16.89%	25.51%	-26.52%	12.31%	32.45%	27.96%	-9.34%	18.06%

Correlation

The correlation between SCHM and VXF is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jan 13, 2011	0.97

The correlation between SCHM and VXF has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

SCHM vs. VXF - Sectors Allocation Comparison

Sectors	SCHM	VXF
Technology	22.1%	22.8%
Industrials	21.7%	19.3%
Financial Services	10.9%	14.0%
Healthcare	10.9%	12.9%
Consumer Cyclical	10.8%	9.2%
Real Estate	6.4%	5.8%
Basic Materials	4.7%	4.2%
Consumer Defensive	3.4%	2.5%
Energy	3.4%	4.4%
Utilities	2.9%	1.9%
Communication Services	2.6%	3.2%

Return for Risk

SCHM vs. VXF — Risk / Return Rank

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

SCHM

SCHM Risk / Return Rank: 78
SCHM Sharpe Ratio Rank: 77
SCHM Sortino Ratio Rank: 77
SCHM Omega Ratio Rank: 72
SCHM Calmar Ratio Rank: 81
SCHM Martin Ratio Rank: 84

VXF

VXF Risk / Return Rank: 58
VXF Sharpe Ratio Rank: 56
VXF Sortino Ratio Rank: 55
VXF Omega Ratio Rank: 51
VXF Calmar Ratio Rank: 66
VXF Martin Ratio Rank: 64

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. VXF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab US Mid-Cap ETF (SCHM) and Vanguard Extended Market ETF (VXF). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SCHM	VXF	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.63	+0.48
Sortino ratio: Return per unit of downside risk	2.95	2.29	+0.66
Omega ratio: Gain probability vs. loss probability	1.37	1.28	+0.08
Calmar ratio: Return relative to maximum drawdown	3.71	2.84	+0.87
Martin ratio: Return relative to average drawdown	14.81	9.98	+4.83

SCHM vs. VXF - Sharpe Ratio Comparison

The current SCHM Sharpe Ratio is 2.12, which is comparable to the VXF Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of SCHM and VXF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCHM vs. VXF - Drawdown Comparison

The maximum SCHM drawdown since its inception was -42.43%, smaller than the maximum VXF drawdown of -58.03%. Use the drawdown chart below to compare losses from any high point for SCHM and VXF.

Drawdown Indicators

	SCHM	VXF	Difference
Max Drawdown Largest peak-to-trough decline	-42.43%	-58.03%	+15.60%
Max Drawdown (1Y) Largest decline over 1 year	-9.32%	-10.21%	+0.89%
Max Drawdown (3Y) Largest decline over 3 years	-23.27%	-26.92%	+3.65%
Max Drawdown (5Y) Largest decline over 5 years	-26.46%	-36.39%	+9.93%
Max Drawdown (10Y) Largest decline over 10 years	-42.43%	-41.72%	-0.71%
Current Drawdown Current decline from peak	0.00%	-0.12%	+0.12%
Average Drawdown Average peak-to-trough decline	-5.64%	-9.53%	+3.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	2.90%	-0.57%

Volatility

SCHM vs. VXF - Volatility Comparison

Schwab US Mid-Cap ETF (SCHM) and Vanguard Extended Market ETF (VXF) have volatilities of 5.91% and 5.97%, 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	VXF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.91%	5.97%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	12.69%	13.20%	-0.51%
Volatility (1Y) Calculated over the trailing 1-year period	16.37%	17.77%	-1.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.68%	22.43%	-2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.49%	22.30%	-1.81%

SCHM vs. VXF - Expense Ratio Comparison

SCHM has a 0.04% expense ratio, which is lower than VXF'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%.

Dividends

SCHM vs. VXF - Dividend Comparison

SCHM's dividend yield for the trailing twelve months is around 1.21%, less than VXF's 1.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHM Schwab US Mid-Cap ETF	1.21%	1.46%	1.43%	1.50%	1.67%	1.13%	1.31%	1.48%	1.56%	1.27%	1.51%	1.54%
VXF Vanguard Extended Market ETF	1.24%	1.14%	1.09%	1.27%	1.15%	1.13%	1.07%	1.30%	1.66%	1.25%	1.43%	1.35%

Frequently Asked Questions

Can I hold both SCHM and VXF in my portfolio?

With a correlation of 0.94, SCHM and VXF 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 VXF?

VXF has higher volatility (5.97%) compared to SCHM (5.91%). In terms of maximum drawdown, SCHM dropped -42.43% vs VXF's -58.03%.

Which ETF is better, SCHM or VXF?

On 10-year performance, VXF leads with 12.99% vs 12.31% 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 VXF?

Over the 10-year period, VXF has performed better with a 12.99% return vs 12.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHM or VXF?

SCHM is cheaper with a 0.04% expense ratio, compared with 0.05% for VXF.

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

VXF has the higher dividend yield at 1.24%, compared with 1.21% for SCHM.

What is the main difference between SCHM and VXF?

SCHM tracks Dow Jones US Total Stock Market Mid-Cap, while VXF tracks S&P Completion Index. They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.04% for SCHM and 0.05% for VXF.

Which has better risk-adjusted returns?

SCHM currently has the higher Sharpe Ratio (2.12 vs 1.63), 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.