CVMC vs SCHM
Calvert US Mid-Cap Core Responsible Index ETF vs Schwab US Mid Cap ETF
Which is better, CVMC or SCHM?
Nearly the same fund. SCHM costs less.
SCHM has a lower expense ratio. CVMC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. SCHM is less concentrated, with 5.0% of the fund in its ten largest positions against 5.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CVMC | SCHM |
|---|---|---|
| Expense Ratio | 0.15% | 0.03%Best |
| AUM | $115M | $14.6B |
| Dividend Yield | 1.23% | 1.31% |
| Holdings | 1,184 | 495 |
| YTD Return | +14.85%Best | +12.80% |
| 1Y Return | +18.30%Best | +16.12% |
| 3Y Return (annualized) | +17.39%Best | +16.61% |
| 5Y Return (annualized) | - | +6.70% |
| Volatility (annualized) | 15.5%Best | 16.2% |
| Max Drawdown | -22.5%Best | -23.3% |
| $10,000 over 3.7 years | $14,930Best | $14,796 |
| Top 10 Weight | 5.9% | 5.0%Best |
| Fund Family | Calvert | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Jan 30, 2023 | Jan 13, 2011 |
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 1, 2023 to Oct 14, 2026 (3.7 years).
CVMC vs SCHM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.7 years both funds cover.
CVMC vs SCHM Performance
Calvert US Mid-Cap Core Responsible Index ETF (CVMC) is an ETF from Calvert and Schwab US Mid Cap ETF (SCHM) is an ETF from Charles Schwab Asset Management. Over the past year CVMC returned +18.30% while SCHM returned +16.12%. Year to date, CVMC is up 14.85% versus a gain of 12.80% for SCHM.
Over three years, CVMC compounded at +17.39% per year against +16.61% for SCHM. Across the full 4-year window we track, CVMC has the edge at +11.44% annualized vs +11.17%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHM has been the more volatile fund, with annualized monthly volatility of 16.2% compared with 15.5% for CVMC. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.5% for CVMC and -23.3% for SCHM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CVMC charges 0.15% per year while SCHM charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, CVMC currently yields 1.23% against 1.31% for SCHM.
Holdings Overlap
36.3% of CVMC's money is in holdings SCHM also owns. 72.4% of SCHM's money is in holdings CVMC also owns.
Most of SCHM is already inside CVMC. Owning both mostly buys the same companies twice.
339 positions in common, counted across the 595 positions we hold weights for in CVMC and 502 in SCHM, against full books of 1,184 and 495.
What only one of them owns
Our book lists 157 positions for SCHM that do not appear in our book for CVMC (26.4% of the fund), and 246 for CVMC that do not appear in SCHM (61.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CVMC | Weight in SCHM | Difference |
|---|---|---|---|
| FFIVF5 Networks Inc. | 0.29% | 0.53% | 0.24% |
| ENTGEntegris Inc Common Stock Usd 0.01 | 0.29% | 0.52% | 0.23% |
| GHGuardant Health, Inc | 0.23% | 0.49% | 0.26% |
| MTSIMacom Technology Solutions Holdings, Inc. | 0.26% | 0.46% | 0.20% |
| UTHRUnited Therapeutics Corp | 0.23% | 0.48% | 0.25% |
| XPOXpo Logistics Inc. | 0.24% | 0.45% | 0.21% |
| RSReliance Steel & Aluminum Co. | 0.24% | 0.42% | 0.18% |
| SNXSynnex Corp | 0.18% | 0.46% | 0.28% |
| OMCOmnicom Group Inc. | 0.22% | 0.42% | 0.20% |
| ROKURoku, Inc | 0.23% | 0.41% | 0.18% |
72.4% of SCHM is already inside CVMC.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CVMC or SCHM?
CVMC has an expense ratio of 0.15% while SCHM charges 0.03%. SCHM is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, CVMC or SCHM?
Over the past year CVMC returned +18.30% vs +16.12% for SCHM, so CVMC leads on 1-year performance. Over the longest common window we track (4 years), CVMC annualized +11.44% vs +11.17% for SCHM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVMC or SCHM?
SCHM has been the more volatile fund at 16.2% annualized versus 15.5% for CVMC. Worst drawdown: CVMC -22.5% vs SCHM -23.3%.
Should I hold both CVMC and SCHM?
CVMC and SCHM have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between CVMC and SCHM?
72.4% of SCHM's money is in holdings CVMC also owns. 72.4% of SCHM's is in holdings CVMC also owns. They hold 339 positions in common, counted across the 595 positions we hold weights for in CVMC and 502 in SCHM.
Which pays a higher dividend, CVMC or SCHM?
CVMC yields 1.23% while SCHM yields 1.31%, so SCHM currently pays the higher dividend yield.
Is SCHM better than CVMC?
SCHM has a lower expense ratio. CVMC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. SCHM is less concentrated, with 5.0% of the fund in its ten largest positions against 5.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.