Which returned more over the last year, SCHM or SMMD?

In the year to Nov 4, 2026, with distributions reinvested, SCHM returned +23.5% and SMMD +22.4%.

Which is cheaper, SCHM or SMMD?

SCHM is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do SCHM and SMMD overlap with the S&P 500?

By their latest filed holdings, 30% of SCHM and 10% of SMMD by weight is stocks the S&P 500 already holds.

Data as of Nov 4, 2026.

Across categories

SCHM vs SMMD: Differences, Returns & Fees

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Over the year to Nov 4, 2026, SCHM returned +23.5% to SMMD's +22.4%; 42% of their weight is in the same names.

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Net assets: $14.9bn on Aug 31, 2026 for Schwab U.S. Mid-Cap ETF, and $4.2bn on Nov 3, 2026 for iShares Russell 2500 ETF.

SCHM on its own →SMMD on its own →

At a glance

+23.5%

SCHM total return, 1 year

+22.4%

SMMD total return, 1 year

0.03%

SCHM expense ratio

0.15%

SMMD expense ratio

Pair scorecard

SCHM costs 0.12 points a year less; their one-year returns differ by 1.1 points.

SCHM vs SMMD: Differences, Returns & Fees
Measure	SCHM	SMMD
Return
Measure	SCHM	SMMD
Total return, 1 year	+23.5%	+22.4%
Drawdown
Measure	SCHM	SMMD
Below its high	3.3%, high on Jun 30, 2026	5.3%, high on Aug 14, 2026
Benchmark
Measure	SCHM	SMMD
What it tracks	Dow Jones U.S. Mid-Cap Total Stock Market Index	Russell 2500 Index
Cost and size
Measure	SCHM	SMMD
Expense ratio	0.03%	0.15%
Net assets, SCHM as of Aug 31, 2026 and SMMD as of Nov 3, 2026	$14.9bn	$4.2bn
Holdings
Measure	SCHM	SMMD
Holdings in common	42%
Top ten holdings, share of the fund	12.4%	43.4%

Method

What they share

42%

By the books each fund has filed, SCHM and SMMD hold 42% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

42% in common

Positions both hold · largest shared weight first SCHM SMMD

ATI Inc 0.52% 0.34%

Guardant Health Inc 0.39% 0.31%

Packaging Corp of America 0.39% 0.31%

US Foods Holding Corp 0.43% 0.31%

Viatris Inc 0.36% 0.31%

NiSource Inc 0.36% 0.30%

Tenet Healthcare Corp 0.43% 0.30%

Roku Inc 0.38% 0.29%

nVent Electric PLC 0.45% 0.29%

Woodward Inc 0.38% 0.28%

Royal Gold Inc 0.40% 0.27%

F5 Inc 0.43% 0.26%

Only in one fund ↓

Only in SCHM

Sandisk Corp 4.32%

Lumentum Holdings Inc 1.32%

Coherent Corp 1.01%

Ciena Corp 1.01%

Bloom Energy Corp 1.00%

Moderna Inc 0.92%

Revolution Medicines Inc 0.77%

Flex Ltd 0.75%

Only in SMMD

ISHARES RUSSELL 2000 ETF 40.62%

RELIANCE STEEL & ALUMINUM 0.31%

SOFI TECHNOLOGIES 0.30%

AFFIRM HOLDINGS CLASS A 0.28%

SHARKNINJA 0.25%

HOST HOTELS & RESORTS REIT 0.24%

CHARLES RIVER LABORATORIES INTERNA 0.23%

KIMCO REALTY REIT CORP 0.23%

Check overlap with more funds →

Side by side

SCHM Schwab U.S. Mid-Cap ETF SMMD iShares Russell 2500 ETF

Where it sits Stock ETF Stock ETF

Issuer Schwab iShares

What it is Tracks an index Tracks an index

Total return, 1 year +23.5% +22.4%

Its benchmark over the same days +14.8% (VOO) +14.8% (IWV)

Gap to its benchmark +8.7 pts vs VOO +7.6 pts vs IWV

Expense ratio 0.03% 0.15%

Already in the S&P 500 30.2% 10.3%

Holdings 491 516

Net assets, SCHM as of Aug 31, 2026 and SMMD as of Nov 3, 2026 $14.9bn $4.2bn

SCHM and SMMD on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

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About each fund

SCHM

SCHM tracks an index. Over the year to Nov 4, 2026 it returned +23.5% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings filed for Aug 31, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 491 positions, with the top ten at 12.4%. It sat 3.3% below its high of Jun 30, 2026 on Nov 4, 2026.

SMMD

Over the year to Nov 4, 2026 it returned +22.4% with distributions reinvested, against +14.8% for its benchmark, the Russell 3000 Index.

SMMD tracks an index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Nov 3, 2026, 10% of the fund by weight is stocks the S&P 500 also holds, across 516 positions, with the top ten at 43.4%. It sat 5.3% below its high of Aug 14, 2026 on Nov 4, 2026.

Questions people ask

Which returned more over the last year, SCHM or SMMD?: In the year to Nov 4, 2026, with distributions reinvested, SCHM returned +23.5% and SMMD +22.4%.
Which is cheaper, SCHM or SMMD?: SCHM is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do SCHM and SMMD overlap with the S&P 500?: By their latest filed holdings, 30% of SCHM and 10% of SMMD by weight is stocks the S&P 500 already holds.

Other comparisons

IMCG vs SCHM FV vs SCHM FMDE vs SCHM SCHM vs VFMO SMMD vs SPMD SMMD vs VFLO SMMD vs VXF SMMD vs XMMO

Where to next

SCHM on its own →SMMD on its own →Hold both: look the portfolio through →Rankings →SCHM dividend history →SCHM holdings →SMMD dividend history →SMMD holdings →Standards and sources →

Sources and dates

SCHM filings on SEC EDGAR ↗

SCHM prospectus with the expense ratio (SEC) ↗

Schwab website ↗

SMMD filings on SEC EDGAR ↗

SMMD prospectus with the expense ratio (SEC) ↗

iShares page for SMMD ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, SCHM against SMMD, data as of Nov 4, 2026. https://etfiq.com/compare/any/schm-vs-smmd

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.