Overview
The complete US mid-cap segment — about 500 companies in the sweet spot between small-cap risk and large-cap saturation, at 0.04%.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| FIX | Comfort Systems USA | 0.7% |
| CCL | Carnival Corp. | 0.6% |
| EME | EMCOR Group | 0.6% |
| CVNA | Carvana Co. | 0.6% |
| DUOL | Duolingo Inc. | 0.5% |
| USFD | US Foods Holding | 0.5% |
| EQT | EQT Corp. | 0.5% |
| TOL | Toll Brothers | 0.5% |
| CSL | Carlisle Companies | 0.5% |
| OC | Owens Corning | 0.4% |
Fund Details
Investment Thesis
Mid-caps have quietly matched or beaten large caps over most long windows with less concentration risk than today's mega-cap-heavy S&P 500 — and SCHM's +31% trailing year led the US style boxes as the rally broadened. At 0.04% it is the cheapest way to own the segment whole, without the growth/value split or the index quirks of the S&P 400.
Who It's For
Investors adding the middle of the US market that S&P 500 portfolios skip entirely. A structural diversifier against mega-cap concentration, cheap enough to hold forever.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $40.70 | -- |
| 2017 | $47.62 | +17.0% |
| 2018 | $41.91 | -12.0% |
| 2019 | $53.22 | +27.0% |
| 2020 | $59.61 | +12.0% |
| 2021 | $72.72 | +22.0% |
| 2022 | $61.81 | -15.0% |
| 2023 | $71.70 | +16.0% |
| 2024 | $81.74 | +14.0% |
| 2025 | $94.00 | +15.0% |
| Year | Yield |
|---|---|
| 2016 | 1.50% |
| 2017 | 1.40% |
| 2018 | 1.70% |
| 2019 | 1.50% |
| 2020 | 1.50% |
| 2021 | 1.20% |
| 2022 | 1.50% |
| 2023 | 1.50% |
| 2024 | 1.40% |
| 2025 | 1.30% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $3B | -- |
| 2017 | $4B | +33.3% |
| 2018 | $4.5B | +12.5% |
| 2019 | $5.5B | +22.2% |
| 2020 | $6.5B | +18.2% |
| 2021 | $10B | +53.8% |
| 2022 | $8.5B | -15.0% |
| 2023 | $10B | +17.6% |
| 2024 | $11B | +10.0% |
| 2025 | $13B | +18.2% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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