IWS vs. SCHH

Last updated Jun 13, 2026

IWS (iShares Russell Mid-Cap Value ETF) and SCHH (Schwab US REIT ETF) are both exchange-traded funds - IWS is a Mid Cap Value Equities fund tracking the Russell Midcap 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, IWS returned 10.51%/yr vs 4.51%/yr for SCHH. A 0.69 correlation means they provide meaningful diversification when combined. IWS charges 0.23%/yr vs 0.07%/yr for SCHH.

Performance

IWS vs. SCHH - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with IWS having a 16.45% return and SCHH slightly lower at 16.33%. Over the past 10 years, IWS has outperformed SCHH with an annualized return of 10.51%, while SCHH has yielded a comparatively lower 4.51% annualized return.

IWS

• 1D: 1.16%
• 1M: 4.03%
• YTD: 16.45%
• 6M: 15.28%
• 1Y: 27.58%
• 3Y*: 16.65%
• 5Y*: 8.67%
• 10Y*: 10.51%

SCHH

• 1D: 1.00%
• 1M: 3.20%
• YTD: 16.33%
• 6M: 16.33%
• 1Y: 15.97%
• 3Y*: 11.02%
• 5Y*: 3.40%
• 10Y*: 4.51%

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

IWS vs. SCHH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWS iShares Russell Mid-Cap Value ETF	16.45%	10.82%	12.91%	12.52%	-12.29%	28.10%	4.83%	26.73%	-12.43%	13.14%
SCHH Schwab US REIT ETF	16.33%	2.20%	4.99%	11.18%	-24.99%	41.07%	-14.81%	22.85%	-4.26%	3.68%

Correlation

The correlation between IWS and SCHH is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jan 13, 2011	0.69

The correlation between IWS and SCHH shifts across timeframes, from 0.60 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.

IWS vs. SCHH - Sectors Allocation Comparison

Sectors	IWS	SCHH
Technology	18.2%	-
Industrials	16.5%	-
Financial Services	13.7%	0.2%
Consumer Cyclical	8.4%	-
Real Estate	8.2%	98.5%
Energy	7.7%	-
Healthcare	7.5%	-
Utilities	6.5%	-
Basic Materials	5.4%	1.3%
Consumer Defensive	4.8%	-
Communication Services	3.0%	-

Return for Risk

IWS vs. SCHH — Risk / Return Rank

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

IWS

IWS Risk / Return Rank: 76
IWS Sharpe Ratio Rank: 73
IWS Sortino Ratio Rank: 75
IWS Omega Ratio Rank: 69
IWS Calmar Ratio Rank: 80
IWS Martin Ratio Rank: 81

SCHH

SCHH Risk / Return Rank: 39
SCHH Sharpe Ratio Rank: 38
SCHH Sortino Ratio Rank: 36
SCHH Omega Ratio Rank: 36
SCHH Calmar Ratio Rank: 44
SCHH Martin Ratio Rank: 43

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.

IWS vs. SCHH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell Mid-Cap Value ETF (IWS) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IWS	SCHH	Difference
Sharpe ratio: Return per unit of total volatility	2.05	1.18	+0.86
Sortino ratio: Return per unit of downside risk	2.91	1.68	+1.23
Omega ratio: Gain probability vs. loss probability	1.36	1.21	+0.14
Calmar ratio: Return relative to maximum drawdown	3.68	1.94	+1.74
Martin ratio: Return relative to average drawdown	13.82	6.10	+7.72

IWS vs. SCHH - Sharpe Ratio Comparison

The current IWS Sharpe Ratio is 2.05, which is higher than the SCHH Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of IWS 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.

Drawdowns

IWS vs. SCHH - Drawdown Comparison

The maximum IWS drawdown since its inception was -62.40%, which is greater than SCHH's maximum drawdown of -44.22%. Use the drawdown chart below to compare losses from any high point for IWS and SCHH.

Drawdown Indicators

	IWS	SCHH	Difference
Max Drawdown Largest peak-to-trough decline	-62.40%	-44.22%	-18.18%
Max Drawdown (1Y) Largest decline over 1 year	-7.53%	-8.28%	+0.75%
Max Drawdown (3Y) Largest decline over 3 years	-20.57%	-17.76%	-2.81%
Max Drawdown (5Y) Largest decline over 5 years	-21.23%	-33.28%	+12.05%
Max Drawdown (10Y) Largest decline over 10 years	-43.83%	-44.22%	+0.39%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.01%	-9.43%	+1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	2.63%	-0.63%

Volatility

IWS vs. SCHH - Volatility Comparison

The current volatility for iShares Russell Mid-Cap Value ETF (IWS) is 4.29%, while Schwab US REIT ETF (SCHH) has a volatility of 4.83%. This indicates that IWS experiences smaller price fluctuations and is considered to be less risky than SCHH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWS	SCHH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	4.83%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	9.97%	9.98%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	13.53%	13.56%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.36%	18.74%	-1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.37%	20.99%	-1.62%

IWS vs. SCHH - Expense Ratio Comparison

IWS has a 0.23% 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

IWS vs. SCHH - Dividend Comparison

IWS's dividend yield for the trailing twelve months is around 1.32%, less than SCHH's 2.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWS iShares Russell Mid-Cap Value ETF	1.32%	1.53%	1.50%	1.76%	1.93%	1.39%	1.87%	1.97%	2.53%	1.96%	2.10%	2.14%
SCHH Schwab US REIT ETF	2.69%	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 IWS and SCHH in my portfolio?

IWS and SCHH have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IWS or SCHH?

SCHH has higher volatility (4.83%) compared to IWS (4.29%). In terms of maximum drawdown, IWS dropped -62.40% vs SCHH's -44.22%.

Which ETF is better, IWS or SCHH?

On 10-year performance, IWS leads with 10.51% vs 4.51% for SCHH. On fees, SCHH is cheaper at 0.07% per year. On volatility, IWS has been the lower-risk option at 4.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IWS or SCHH?

Over the 10-year period, IWS has performed better with a 10.51% return vs 4.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IWS or SCHH?

SCHH is cheaper with a 0.07% expense ratio, compared with 0.23% for IWS.

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

SCHH has the higher dividend yield at 2.69%, compared with 1.32% for IWS.

What is the main difference between IWS and SCHH?

IWS is categorized as Mid Cap Value Equities, while SCHH is REIT. IWS tracks Russell Midcap 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: 0.23% for IWS and 0.07% for SCHH.

Which has better risk-adjusted returns?

IWS currently has the higher Sharpe Ratio (2.05 vs 1.18), 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.