O vs. SCHH
O (Realty Income Corporation) is a stock, while SCHH (Schwab US REIT ETF) is REIT fund tracking the Dow Jones Equity All REIT Capped Index. Over the past 10 years, O returned 4.89%/yr vs 4.51%/yr for SCHH. A 0.77 correlation means they provide meaningful diversification when combined.
Performance
O vs. SCHH - Performance Comparison
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Returns By Period
In the year-to-date period, O achieves a 13.70% return, which is significantly lower than SCHH's 16.33% return. Over the past 10 years, O has outperformed SCHH with an annualized return of 4.89%, while SCHH has yielded a comparatively lower 4.51% annualized return.
O
- 1D
- 1.31%
- 1M
- 2.40%
- YTD
- 13.70%
- 6M
- 11.57%
- 1Y
- 14.25%
- 3Y*
- 6.59%
- 5Y*
- 3.49%
- 10Y*
- 4.89%
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%
O vs. SCHH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 13.70% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
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 O and SCHH is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2011 | 0.77 |
The correlation between O and SCHH has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.
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Return for Risk
O vs. SCHH — Risk / Return Rank
O
SCHH
O vs. SCHH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Realty Income Corporation (O) 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.
| O | SCHH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.94 | -0.65 |
| Martin ratioReturn relative to average drawdown | 3.12 | 6.10 | -2.98 |
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Drawdowns
O vs. SCHH - Drawdown Comparison
The maximum O drawdown since its inception was -48.45%, which is greater than SCHH's maximum drawdown of -44.22%. Use the drawdown chart below to compare losses from any high point for O and SCHH.
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Drawdown Indicators
| O | SCHH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.45% | -44.22% | -4.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -8.28% | -2.82% |
Max Drawdown (3Y)Largest decline over 3 years | -26.49% | -17.76% | -8.73% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | -33.28% | -1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -48.28% | -44.22% | -4.06% |
Current DrawdownCurrent decline from peak | -5.94% | 0.00% | -5.94% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -9.43% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 2.63% | +1.95% |
Volatility
O vs. SCHH - Volatility Comparison
Realty Income Corporation (O) has a higher volatility of 5.29% compared to Schwab US REIT ETF (SCHH) at 4.83%. This indicates that O'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.
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Volatility by Period
| O | SCHH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 4.83% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 11.98% | 9.98% | +2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 13.56% | +2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 18.74% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.64% | 20.99% | +4.65% |
Dividends
O vs. SCHH - Dividend Comparison
O's dividend yield for the trailing twelve months is around 5.16%, more than SCHH's 2.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 5.16% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
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
O and SCHH have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
O has higher volatility (5.29%) compared to SCHH (4.83%). In terms of maximum drawdown, O dropped -48.45% vs SCHH's -44.22%.
SCHH currently has the higher Sharpe Ratio (1.18 vs 0.88), 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.
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