Designed to provide broad exposure to the Mid Cap Blend segment of the US equity market, the Schwab U.S. MidCap ETF (SCHM) is a passively managed exchange traded fund launched on 01/13/2011.The fund is sponsored by Charles Schwab. It has amassed assets over $9.23 billion, making it one of the larger ETFs attempting to match the Mid Cap Blend segment of the US equity market.Why Mid Cap BlendWith market capitalization between $2 billion and $10 billion, mid cap companies usually contain higher growth prospects than large cap companies, and are considered less risky than their small cap counterparts. Thus they have a nice balance of growth potential and stability.Typically holding a combination of both growth and value stocks, blend ETFs also demonstrate qualities seen in value and growth investments.CostsWhen considering an ETF's total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.Annual operating expenses for this ETF are 0.04%, making it the least expensive products in the space.It has a 12-month trailing dividend yield of 1.63%.Sector Exposure and Top HoldingsWhile ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation to the Industrials sector--about 17.30% of the portfolio. Financials and Information Technology round out the top three.Looking at individual holdings, Devon Energy Corp (DVN) accounts for about 0.93% of total assets, followed by Warner Bros. Discovery Inc Series (WBD) and Vici Pptys Inc (VICI).The top 10 holdings account for about 6.81% of total assets under management.Performance and RiskSCHM seeks to match the performance of the Dow Jones U.S. Mid-Cap Total Stock Market Index before fees and expenses. The Dow Jones U.S. Mid-Cap Total Stock Market Index is a float-adjusted market capitalization weighted index. The Index includes the mid-cap portion of the Dow Jones U.S. Total Stock Market Index actually available to investors in the marketplace and includes the components ranked 501-1000 by full market capitalization.The ETF has lost about -15.51% so far this year and is down about -12.99% in the last one year (as of 09/14/2022). In the past 52-week period, it has traded between $60.91 and $83.39.The ETF has a beta of 1.12 and standard deviation of 27.64% for the trailing three-year period, making it a medium risk choice in the space. With about 502 holdings, it effectively diversifies company-specific risk.AlternativesSchwab U.S. MidCap ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, SCHM is a good option for those seeking exposure to the Style Box - Mid Cap Blend area of the market. Investors might also want to consider some other ETF options in the space.The Vanguard MidCap ETF (VO) and the iShares Core S&P MidCap ETF (IJH) track a similar index. While Vanguard MidCap ETF has $49.98 billion in assets, iShares Core S&P MidCap ETF has $60.94 billion. VO has an expense ratio of 0.04% and IJH charges 0.05%.Bottom-LineAn increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Schwab U.S. MidCap ETF (SCHM): ETF Research Reports Devon Energy Corporation (DVN): Free Stock Analysis Report Warner Bros. Discovery, Inc. (WBD): Free Stock Analysis Report iShares Core S&P MidCap ETF (IJH): ETF Research Reports Vanguard MidCap ETF (VO): ETF Research Reports VICI Properties Inc. (VICI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research