SWMCX vs. SCHM
Compare and contrast key facts about Schwab U.S. Mid-Cap Index Fund (SWMCX) and Schwab US Mid-Cap ETF (SCHM).
SWMCX is managed by Charles Schwab. It was launched on Dec 20, 2017. 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.
Performance
SWMCX vs. SCHM - Performance Comparison
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SWMCX vs. SCHM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWMCX Schwab U.S. Mid-Cap Index Fund | -1.32% | 10.54% | 15.28% | 17.20% | -17.31% | 22.55% | 17.03% | 30.46% | -9.16% | 0.40% |
SCHM Schwab US Mid-Cap ETF | 3.21% | 10.17% | 11.98% | 16.69% | -17.07% | 19.36% | 15.26% | 27.48% | -8.77% | 0.57% |
Returns By Period
In the year-to-date period, SWMCX achieves a -1.32% return, which is significantly lower than SCHM's 3.21% return.
SWMCX
- 1D
- -0.70%
- 1M
- -7.73%
- YTD
- -1.32%
- 6M
- -1.19%
- 1Y
- 12.94%
- 3Y*
- 12.30%
- 5Y*
- 6.67%
- 10Y*
- —
SCHM
- 1D
- 3.30%
- 1M
- -5.64%
- YTD
- 3.21%
- 6M
- 5.17%
- 1Y
- 19.92%
- 3Y*
- 12.71%
- 5Y*
- 5.81%
- 10Y*
- 10.20%
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SWMCX vs. SCHM - Expense Ratio Comparison
Both SWMCX and SCHM 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%.
Return for Risk
SWMCX vs. SCHM — Risk / Return Rank
SWMCX
SCHM
SWMCX vs. SCHM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Mid-Cap Index Fund (SWMCX) and Schwab US Mid-Cap ETF (SCHM). 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.
| SWMCX | SCHM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.95 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.12 | 1.45 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 1.42 | -0.55 |
Martin ratioReturn relative to average drawdown | 4.04 | 6.23 | -2.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SWMCX | SCHM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.95 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.30 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.54 | -0.10 |
Correlation
The correlation between SWMCX and SCHM 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.
Dividends
SWMCX vs. SCHM - Dividend Comparison
SWMCX's dividend yield for the trailing twelve months is around 2.15%, more than SCHM's 1.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWMCX Schwab U.S. Mid-Cap Index Fund | 2.15% | 2.13% | 2.60% | 1.49% | 1.59% | 2.93% | 1.45% | 2.44% | 1.41% | 0.00% | 0.00% | 0.00% |
SCHM Schwab US Mid-Cap ETF | 1.41% | 1.46% | 1.43% | 1.50% | 1.67% | 1.13% | 1.31% | 1.48% | 1.56% | 1.27% | 1.51% | 1.54% |
Drawdowns
SWMCX vs. SCHM - Drawdown Comparison
The maximum SWMCX drawdown since its inception was -40.34%, roughly equal to the maximum SCHM drawdown of -42.43%. Use the drawdown chart below to compare losses from any high point for SWMCX and SCHM.
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Drawdown Indicators
| SWMCX | SCHM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.34% | -42.43% | +2.09% |
Max Drawdown (1Y)Largest decline over 1 year | -13.43% | -14.16% | +0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -26.46% | +0.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.43% | — |
Current DrawdownCurrent decline from peak | -8.15% | -6.32% | -1.83% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -5.71% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 3.22% | -0.35% |
Volatility
SWMCX vs. SCHM - Volatility Comparison
The current volatility for Schwab U.S. Mid-Cap Index Fund (SWMCX) is 4.80%, while Schwab US Mid-Cap ETF (SCHM) has a volatility of 6.87%. This indicates that SWMCX experiences smaller price fluctuations and is considered to be less risky than SCHM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWMCX | SCHM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 6.87% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.19% | 12.04% | -1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.96% | 21.13% | -2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.23% | 19.52% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.76% | 20.41% | +0.35% |