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TMSLvsSCHMETF Comparison
T. Rowe Price Small-Mid Cap ETF (TMSL) belongs to the US Multi-Factor segment. Schwab U.S. Mid-Cap ETF (SCHM) is part of the US Mid Cap segment. Both ETFs have the same top 3 sector exposures: Industrials, Information Technology and Financials. TMSL is more expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.04% for SCHM. TMSL is up 1.06% year-to-date (YTD) with +$362M in YTD flows. SCHM performs better with 2.68% YTD performance, and +$180M in YTD flows. Run a side-by-side ETF comparison of TMSL and SCHM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
TMSL vs SCHM performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TMSL SCHM | -7.09%-5.21% | -0.05%+1.78% | +1.06%+2.68% | +22.82%+22.45% | n/a+48.95% | n/a+29.73% |
| Flows | TMSL SCHM | +$144M+$214M | +$386M+$213M | +$362M+$180M | +$901M+$196M | --$228M | -+$1.37B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMSL SCHM | +17.16%+15.47% | +21.61%+21.24% | n/a+17.77% | n/a+19.55% |
| Max drawdown | TMSL SCHM | -8.52%-6.85% | -16.11%-15.46% | n/a-23.35% | n/a-26.40% |
| Max drawdown duration | TMSL SCHM | 15d15d | 46d46d | n/a283d | n/a855d |
TMSL | SCHM | |
Last sale 3/16/2026 at 1:30 PM | $36.64 | $31.13 |
| Previous close 03/13/2026 | $36.29 | $30.86 |
| Consolidated volume 03/13/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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TMSL | SCHM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
TMSL | SCHM | |
|---|---|---|
| Last price | $36.64 | $31.13 |
| 1D performance | +0.96% | +0.87% |
| AuM | $1.54 B | $12.81 B |
| E/R | 0.55% | 0.04% |
TMSL | SCHM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | T. Rowe Price | Schwab ETFs |
| Benchmark | - | Dow Jones U.S. Mid-Cap Total Stock Market Index |
| N° of holdings | 225 | 452 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 15, 2023 | January 13, 2011 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the TMSL and SCHM ETFs performed in 2026?
As of March 13, 2026, TMSL is up 1.06% year-to-date (YTD), while SCHM has returned 2.68%. That puts SCHM better performer ahead so far this year.
Which ETF is attracting more investor money: TMSL or SCHM?
Year-to-date, the TMSL ETF saw +$362M in flows, compared to +$180M for SCHM.
Which ETF is more volatile: TMSL or SCHM?
Over the past year, TMSL had a volatility of 21.61%, while SCHM experienced 21.24%.
Which ETF is bigger: TMSL or SCHM?
As of March 13, 2026, TMSL holds $1.54 B in assets under management (AUM), while SCHM manages $12.81 B.
What sectors do the TMSL and SCHM ETFs invest in?
TMSL leans toward sectors like Industrials, Information Technology and Financials. Meanwhile, SCHM focuses on Industrials, Information Technology and Financials.
What are the top holdings of the TMSL ETF and SCHM ETF?
TMSL top holdings include MKS INSTRUMENTS, POPULAR and API GROUP CORP. SCHM holds in its top three: US80004C2008, CIENA and US19247G1076.
Which ETF is more diversified: TMSL or SCHM?
TMSL holds 231 securities with 15.27% of its assets in the top 15. SCHM has 498 securities and a top 15 weight of 8.79%.
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