SCHMvsMDYETF Comparison
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Schwab U.S. Mid-Cap ETF (SCHM) and State Street SPDR S&P MIDCAP 400 ETF Trust (MDY) belong to the same industry segment: US Mid Cap. SCHM's top 3 sector exposures are Finance, Technology and Industrials. In contrast, MDY's top sector exposures are Finance, Industrials and Technology. SCHM is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.23% for MDY. SCHM is up 16.64% year-to-date (YTD) with +$3.04B in YTD flows. MDY performs worse with 11.54% YTD performance, and -$1.16B in YTD flows. Run a side-by-side ETF comparison of SCHM and MDY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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SCHM vs MDY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SCHM MDY | -5.21%-6.39% | -1.60%-2.08% | +16.64%+11.54% | +18.93%+13.25% | +56.68%+47.90% | +43.61%+45.65% |
| Flows | SCHM MDY | +$2.75B-$2M | +$2.91B-$709M | +$3.04B-$1.16B | +$3.01B-$1.52B | +$2.20B-$1.21B | +$2.75B-$1.88B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SCHM MDY | +16.05%+11.87% | +16.80%+15.39% | +18.15%+17.78% | +19.84%+19.72% |
| Max drawdown | SCHM MDY | -7.29%-7.14% | -9.30%-8.78% | -23.35%-23.91% | -26.40%-23.91% |
| Max drawdown duration | SCHM MDY | 79d32d | 46d53d | 283d379d | 855d379d |
Trading data
SCHM | MDY | |
Last sale 9/17/2026 at 1:30 PM | $34.86 | $669.43 |
| Previous close 09/17/2026 | $34.56 | $665.88 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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SCHM | MDY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/17/2026 at 1:30 PM
Live
Closed
SCHM | MDY | |
|---|---|---|
| Last price | $34.86 | $669.43 |
| 1D performance | +0.87% | +0.53% |
| AuM | $17.34 B | $25.65 B |
| E/R | 0.03% | 0.23% |
Characteristics
SCHM | MDY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Schwab ETFs | State Street Investment Management |
| Benchmark | Dow Jones U.S. Mid-Cap Total Stock Market Index | S&P MidCap 400 Index |
| N° of holdings | 493 | 400 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 13, 2011 | May 4, 1995 |
| ESG | No | No |
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Exposure
Countries
SCHM
USA
96.44%
Other
3.56%
MDY
USA
95.79%
Other
4.21%
Sectors
SCHM
Finance
19.92%
Technology
17.63%
Industrials
17.2%
Healthcare
11.95%
Non-Energy Materi.
9.41%
Other
23.88%
MDY
Finance
23%
Industrials
16.96%
Technology
13.52%
Non-Energy Materi.
10.18%
Healthcare
9.95%
Other
26.4%
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Diversification
SCHM
Total weight of top 15 holdings out of 15
13.68%
MDY
Total weight of top 15 holdings out of 15
10.46%
Top 15 holdings
Data as of July 31, 2026
SCHM
Sandisk Corp.
3.58%
Lumentum Holdings, Inc.
1.04%
Coherent Corp.
1.01%
Ciena Corp.
1.01%
Bloom Energy Corp.
0.94%
Flex Ltd.
0.81%
Revolution Medicines, Inc.
0.71%
Steel Dynamics, Inc.
0.64%
Casey's General Stores, Inc.
0.60%
Centene Corp.
0.58%
TechnipFMC plc
0.57%
Tapestry, Inc.
0.57%
Twilio, Inc.
0.56%
Carpenter Technology Corp.
0.54%
Curtiss-Wright Corp.
0.52%
MDY
Illumina, Inc.
0.87%
Twilio, Inc.
0.84%
TechnipFMC plc
0.80%
Curtiss-Wright Corp.
0.75%
Carpenter Technology Corp.
0.72%
ATI, Inc.
0.71%
nVent Electric Plc
0.69%
Everpure, Inc.
0.68%
Okta, Inc.
0.66%
XPO, Inc.
0.66%
Burlington Stores, Inc.
0.65%
US Foods Holding Corp.
0.62%
United Therapeutics Corp.
0.61%
Tenet Healthcare Corp.
0.61%
Woodward, Inc.
0.60%
Frequently asked questions about SCHM and MDY
How have the SCHM and MDY ETFs performed in 2026?
As of September 17, 2026, SCHM is up 16.64% year-to-date (YTD), while MDY has returned 11.54%. That puts SCHM better performer ahead so far this year.
Which ETF is attracting more investor money: SCHM or MDY?
Year-to-date, the SCHM ETF saw +$3.04B in flows, compared to -$1.16B for MDY.
Which ETF is more volatile: SCHM or MDY?
Over the past year, SCHM had a volatility of 16.8%, while MDY experienced 15.39%.
Which ETF is bigger: SCHM or MDY?
As of September 17, 2026, SCHM holds $17.34 B in assets under management (AUM), while MDY manages $25.65 B.
What sectors do the SCHM and MDY ETFs invest in?
SCHM leans toward sectors like Finance, Technology and Industrials. Meanwhile, MDY focuses on Finance, Industrials and Technology.
What are the top holdings of the SCHM ETF and MDY ETF?
SCHM top holdings include Sandisk Corp., Lumentum Holdings, Inc. and Coherent Corp.. MDY holds in its top three: Illumina, Inc., Twilio, Inc. and TechnipFMC plc.
Which ETF is more diversified: SCHM or MDY?
SCHM holds 493 securities with 13.68% of its assets in the top 15. MDY has 400 securities and a top 15 weight of 10.46%.
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