ファンド概要
Schwab U.S. Mid-Cap ETF (SCHM) is categorized as a Mid-Cap Blend fund managed by Schwab ETFs, positioning it within the domestic equity landscape targeting mid-sized American corporations. The fund's total assets under management currently stand at $13.64B, a figure that indicates significant scale and sustained popularity among institutional and retail investors seeking exposure to the mid-cap segment. While specific holdings count data is not disclosed, the fund structure implies a diversified portfolio designed to capture the performance of a broad spectrum of mid-sized companies rather than concentrating in a few large positions. The expense ratio is listed as 0.0%, which conceptually represents a fee structure that is exceptionally low compared to traditional actively managed funds or even many passive index funds that typically charge between 0.03% and 0.25%. This negligible cost burden suggests that the fund is structured to minimize drag on performance, although the zero fee itself may reflect a specific accounting presentation or promotional structure distinct from standard expense ratios found in the broader ETF market.
パフォーマンス分析
The current yield stands at 1.3%, providing a baseline income stream that allows income-seeking investors to receive a return on their capital deployment without relying solely on capital appreciation. The year-to-date return is recorded at 9.4%, a figure that reflects the fund's performance over the current fiscal year and highlights its responsiveness to recent market dynamics. Looking at longer horizons, the 3-year average return is 13.3% while the 5-year average return is 5.7%, indicating that the fund has demonstrated varying levels of consistency depending on the specific economic cycle and market conditions experienced over each period. The disparity between the short-term 9.4% YTD return and the 5-year average of 5.7% suggests that the fund has experienced significant outperformance in the current year compared to the broader historical average, potentially driven by specific sector rotations or market-wide rallies in mid-cap equities. Conversely, the 3-year average of 13.3% indicates a period of strong growth that was higher than the 5-year average, suggesting that the most recent three years have been more favorable for mid-cap equities than the full five-year window. The expense ratio of 0.0% further enhances net returns over time by eliminating a substantial portion of fees that would otherwise erode compound growth, effectively allowing the full gross return of the underlying portfolio to be passed to the holder.
Price & Risk Profile
The fund's 52-week price range spans from a low of $22.41 to a high of $33.18, illustrating the volatility inherent in mid-cap equities and the potential for significant price swings over a single year. Based on the 52-week high of $33.18 and low of $22.41, the current price of the ETF sits somewhere within this wide band, though the exact current market price is not explicitly listed in the provided data, the range itself indicates that the security has experienced a substantial trading range of approximately $10.77. The beta value is not available in the provided metrics, so a direct numerical comparison to the broader market volatility cannot be calculated from the available facts. However, the existence of a defined 52-week range without a specific beta citation implies that the fund's risk profile should be evaluated alongside the standard volatility characteristics of its peer group, which often exhibit beta values between 0.9 and 1.2 for mid-cap strategies. The overall risk profile is characterized by the substantial price movement between $22.41 and $33.18, suggesting that investors should expect moderate-to-high volatility typical of mid-cap stocks that are more sensitive to interest rate changes and economic growth expectations than large-cap counterparts.