IWN vs. SCHH

Last updated Jun 9, 2026

IWN (iShares Russell 2000 Value ETF) and SCHH (Schwab US REIT ETF) are both exchange-traded funds - IWN is a Small Cap Value Equities fund tracking the Russell 2000 Value Index, while SCHH is a REIT fund tracking the Dow Jones Equity All REIT Capped Index. Both are passively managed. Over the past 10 years, IWN returned 10.05%/yr vs 4.14%/yr for SCHH. A 0.61 correlation means they provide meaningful diversification when combined. IWN charges 0.24%/yr vs 0.07%/yr for SCHH.

Performance

IWN vs. SCHH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 2000 Value ETF (IWN) and Schwab US REIT ETF (SCHH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWN achieves a 16.90% return, which is significantly higher than SCHH's 12.43% return. Over the past 10 years, IWN has outperformed SCHH with an annualized return of 10.05%, while SCHH has yielded a comparatively lower 4.14% annualized return.

IWN

• 1D: 0.86%
• 1M: -0.18%
• YTD: 16.90%
• 6M: 16.09%
• 1Y: 39.09%
• 3Y*: 16.65%
• 5Y*: 6.08%
• 10Y*: 10.05%

SCHH

• 1D: -1.35%
• 1M: -0.72%
• YTD: 12.43%
• 6M: 12.55%
• 1Y: 12.92%
• 3Y*: 9.97%
• 5Y*: 2.78%
• 10Y*: 4.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWN vs. SCHH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWN iShares Russell 2000 Value ETF	16.90%	12.40%	7.63%	14.56%	-14.77%	27.96%	4.66%	22.01%	-13.01%	7.69%
SCHH Schwab US REIT ETF	12.43%	2.20%	4.99%	11.18%	-24.99%	41.07%	-14.81%	22.85%	-4.26%	3.68%

Correlation

The correlation between IWN and SCHH is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jan 13, 2011	0.61

The correlation between IWN and SCHH shifts across timeframes, from 0.54 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.

IWN vs. SCHH - Sectors Allocation Comparison

Sectors	IWN	SCHH
Financial Services	24.2%	0.2%
Technology	12.4%	-
Industrials	11.1%	-
Real Estate	10.2%	98.5%
Energy	9.2%	-
Healthcare	8.8%	-
Consumer Cyclical	8.7%	-
Utilities	5.7%	-
Basic Materials	5.4%	1.3%
Consumer Defensive	2.0%	-
Communication Services	1.6%	-

Return for Risk

IWN vs. SCHH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWN

IWN Risk / Return Rank: 78
IWN Sharpe Ratio Rank: 75
IWN Sortino Ratio Rank: 76
IWN Omega Ratio Rank: 69
IWN Calmar Ratio Rank: 88
IWN Martin Ratio Rank: 84

SCHH

SCHH Risk / Return Rank: 31
SCHH Sharpe Ratio Rank: 29
SCHH Sortino Ratio Rank: 28
SCHH Omega Ratio Rank: 28
SCHH Calmar Ratio Rank: 35
SCHH Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IWN vs. SCHH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 Value ETF (IWN) and Schwab US REIT ETF (SCHH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	IWN	SCHH	Difference
Sharpe ratio: Return per unit of total volatility	2.19	0.97	+1.22
Sortino ratio: Return per unit of downside risk	3.07	1.39	+1.68
Omega ratio: Gain probability vs. loss probability	1.37	1.17	+0.20
Calmar ratio: Return relative to maximum drawdown	4.65	1.57	+3.08
Martin ratio: Return relative to average drawdown	15.56	4.92	+10.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWN vs. SCHH - Sharpe Ratio Comparison

The current IWN Sharpe Ratio is 2.19, which is higher than the SCHH Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of IWN and SCHH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IWN	SCHH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	0.97	+1.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.15	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.20	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.34	+0.04

Drawdowns

IWN vs. SCHH - Drawdown Comparison

The maximum IWN drawdown since its inception was -61.55%, which is greater than SCHH's maximum drawdown of -44.22%. Use the drawdown chart below to compare losses from any high point for IWN and SCHH.

Drawdown Indicators

	IWN	SCHH	Difference
Max Drawdown Largest peak-to-trough decline	-61.55%	-44.22%	-17.33%
Max Drawdown (1Y) Largest decline over 1 year	-8.45%	-8.28%	-0.17%
Max Drawdown (3Y) Largest decline over 3 years	-26.70%	-17.76%	-8.94%
Max Drawdown (5Y) Largest decline over 5 years	-26.70%	-33.28%	+6.58%
Max Drawdown (10Y) Largest decline over 10 years	-46.08%	-44.22%	-1.86%
Current Drawdown Current decline from peak	-1.91%	-2.01%	+0.10%
Average Drawdown Average peak-to-trough decline	-10.15%	-9.45%	-0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	2.63%	-0.11%

Volatility

IWN vs. SCHH - Volatility Comparison

iShares Russell 2000 Value ETF (IWN) has a higher volatility of 5.31% compared to Schwab US REIT ETF (SCHH) at 4.21%. This indicates that IWN's price experiences larger fluctuations and is considered to be riskier than SCHH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWN	SCHH	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.31%	4.21%	+1.10%
Volatility (6M) Calculated over the trailing 6-month period	12.13%	9.75%	+2.38%
Volatility (1Y) Calculated over the trailing 1-year period	17.99%	13.39%	+4.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.47%	18.72%	+2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.41%	20.98%	+2.43%

IWN vs. SCHH - Expense Ratio Comparison

IWN has a 0.24% expense ratio, which is higher than SCHH's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IWN vs. SCHH - Dividend Comparison

IWN's dividend yield for the trailing twelve months is around 1.46%, less than SCHH's 2.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWN iShares Russell 2000 Value ETF	1.46%	1.70%	1.80%	2.04%	2.12%	1.48%	1.60%	1.92%	1.99%	1.78%	1.74%	2.15%
SCHH Schwab US REIT ETF	2.79%	3.04%	3.22%	3.24%	2.55%	1.50%	2.86%	2.86%	3.64%	2.22%	2.81%	2.48%

Frequently Asked Questions

Can I hold both IWN and SCHH in my portfolio?

IWN and SCHH have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IWN or SCHH?

IWN has higher volatility (5.31%) compared to SCHH (4.21%). In terms of maximum drawdown, IWN dropped -61.55% vs SCHH's -44.22%.

Which ETF is better, IWN or SCHH?

On 10-year performance, IWN leads with 10.05% vs 4.14% for SCHH. On fees, SCHH is cheaper at 0.07% per year. On volatility, SCHH has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IWN or SCHH?

Over the 10-year period, IWN has performed better with a 10.05% return vs 4.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IWN or SCHH?

SCHH is cheaper with a 0.07% expense ratio, compared with 0.24% for IWN.

Which ETF pays a higher dividend yield, IWN or SCHH?

SCHH has the higher dividend yield at 2.79%, compared with 1.46% for IWN.

What is the main difference between IWN and SCHH?

IWN is categorized as Small Cap Value Equities, while SCHH is REIT. IWN tracks Russell 2000 Value Index, while SCHH tracks Dow Jones Equity All REIT Capped Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.24% for IWN and 0.07% for SCHH.

Which has better risk-adjusted returns?

IWN currently has the higher Sharpe Ratio (2.19 vs 0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.